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The SARB’s exploratory journey into retail central bank digital currencies

The South African Reserve Bank has conducted internal research and investigations to understand the case for electronic legal tender - a domestic, general purpose, Central Bank Digital Currency (CBDC) issued and backed by the central bank. The South African Reserve Bank has now further ventured into planning a feasibility project for a central bank digital currency. This presentation will provide further insights into the journey of the SARB in exploring central bank issued digital currencies and the status to date.