Abstract: Any general person who’s aware of electronic payment and its development trend are not unaware of the term Central Bank Digital Currency (CBDC). In short CBDC, as the full form stands, is the digital version of Central Bank issued currency/money. It’s called digital fiat currencies or digital base money. Central Banks started issuing e-money in the 1990s but the current version of CBDC concept is mainly inspired by the blockchain based cryptocurrencies viz. Bitcoin, Ethereum. Recently many Central Banks (including Monetary Authorities) already seem to be engaged in study, testing & piloting of CBDC. In this regard, as stated in the monetary policy 2078/79 (pt. 153), NRB also planned studying the feasibility of CBDC in Nepalese context. Keeping all this in the centre, as the title says (ABC – the basic or most important facts about a subject), this article aims to feed the fundamentals of CBDC for dummies.
Published On: Arunodaya, 2078 (Published by NRB Employee’s Union)
Full Article: Google Drive Link
