e-Rupee Worth Rs 130.41 Cr In Circulation
In response to a question on central bank digital currency (CBDC) in Lok Sabha, the Union Ministry of Finance stated that as of February 28, 2023, there was INR 130.41 Cr worth of Digital Rupee in circulation.
According to the response shared on March 13, the retail CBDC – the e-R – has a share of the total circulation worth INR 4.14 Cr, while the wholesale CBDC – the eW – has a share worth INR 126.27 Cr.
The news comes just days after the RBI revealed that retail CBDC worth INR 2.73 crore was in circulation as of February 3, 2023, in response to an RTI request from Inc42.
The ministry said that it has onboarded tea vendors, fruit sellers, street side and sidewalk vendors and small shopkeepers, along with institutional merchants such as retail chains and petrol pumps, among others. The Finance Ministry added that a few online merchants were also accepting the Digital Rupee.
(With inputs from Shikha Singh)
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