In line with the country's ambition towards a digital economy and its digital transformation journey, the National Bank of Rwanda has released a feasibility study on introducing a
While opportunities and challenges are numerous, the study enabled an offsetting of these in order to identify what is feasible, suitable and better positioned if a CBDC is introduced in comparison to other alternative solutions. As a result, pin pointed four sweet spots being primary motivators backed by stronger evidence and higher achievability.
To address these challenges, shifting existing consumer habits to an innovative instrument such as CBDC would require additional investments to its promotion and education. CBDC should be clearly articulated and explained to people in a simple manner .There was a problem processing your submission. Please try again later.
This will generate various benefits for the BNR in terms of building the knowledge base, skills, and experiences in this new but rapidly evolving domain. This would strategically position the BNR in a favorable condition in terms of readiness, to determine how to go forward with CBDC in the future.