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Nepal CBDC

Research

Nepal

Central Bank(s)

The Nepal Rastra Bank

Announcement Year

2022

Status

Research

Retail/Wholesale

Retail

DLT / non-DLT

DLT

Main motivation/goals of the CBDC

The motivations are to find a better way to meet the wide variety of policy goals taken by central banks such as financial inclusion, optimal payment system, and cost-efficient currency management, among others.

Description

Nepal initiated study on central bank digital currency

Link to announcement

www.nrb.org.np

Link to whitepaper

www.nrb.org.np
Timeline

Last update: October 2022

October 2022

Updated data

Main motivation/goals of the CBDC: To understand the usage and feasibility of digital currency. The motivations are to find a better way to meet the wide variety of policy goals taken by central banks such as financial inclusion, optimal payment system, and cost-efficient currency management, among others.

Link to announcement: www.nrb.org.np

February 2022

Status updated

None Research

Added data

Announcement Year: 2022

Retail/Wholesale: Retail

Description: Nepal initiated study on central bank digital currency

DLT / non-DLT: DLT

Main motivation/goals of the CBDC: To understand the usage and feasibility of digital currency.

Link to announcement: www.phnompenhpost.com

Link to whitepaper: www.nrb.org.np

Country / Region: Nepal

Central Bank(s): The Nepal Rastra Bank

News