CBDC: Cross-border remittances using e-rupee to halve cost of such payments to 2-3 pc: DEA Secy Ajay Seth

Central Bank Digital Currency (CBDC), or e-rupee, can help reduce the cost of cross-border remittances by 2-3%, according to an official. The Central Bank Digital Currency (CBDC) is a digital token that represents legal tender and is issued in the same denominations as paper currency and coins.

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