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Digital Rupee

Proof of concept

Mauritius

Central Bank(s)

The Bank of Mauritius

Announcement Year

2023

Status

Proof of concept

Retail/Wholesale

Retail

Structure

Token

Main motivation/goals of the CBDC

Among the motivations of introducing a CBDC are protecting monetary sovereignty and supporting anti-money laundering and countering the financing of terrorism (AML/CFT) efforts.

Description

The Bank of Mauritius is still considering CBDC issuance and contemplating a non-interest-bearing retail Digital Rupee.

Link to announcement

Timeline

Last update: August 2024

August 2024

Updated data

Link to announcement: www.bom.mu

January 2024

Status updated

Research Proof of concept

Updated data

Link to announcement: www.bom.mu

June 2023

Updated data

Main motivation/goals of the CBDC: Capacity development (CD) helps support improvements in authorities’ macroeconomic policy. Among the motivations of introducing a CBDC are protecting monetary sovereignty and supporting anti-money laundering and countering the financing of terrorism (AML/CFT) efforts.

Link to announcement: www.bom.mu

April 2023

Updated data

Announcement Year: 2022 2023

Link to announcement: www.bom.mu

July 2022

Added data

Main motivation/goals of the CBDC: Capacity development (CD) helps support improvements in authorities’ macroeconomic policy.

Updated data

Announcement Year: 2019 2022

Description: The Central Bank of Mauritius (BoM) first began exploring a CBDC in November of 2019. The Bank of Mauritius is still considering CBDC issuance and contemplating a non-interest-bearing retail Digital Rupee.

Link to announcement: www.imf.org

April 2021

Added data

Description: The Central Bank of Mauritius (BoM) first began exploring a CBDC in November of 2019.

Link to announcement: www.bis.orgwww.coindesk.com

November 2019

Status updated

None Research

Added data

Announcement Year: 2019

Retail/Wholesale: Retail

Structure: Token

Country / Region: Mauritius

Central Bank(s): The Bank of Mauritius

News

No recent news found for this currency.