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Al Jazeera
Al Jazeera
Business

UNBELIEVABLE: Australia s central bank launches digital currency pilot | History Defined

Australia RBA Reserve Bank of Australia
Australia's central bank has unveiled plans to examine the potential economic benefits of introducing a central bank digital currency [File: Daniel Munoz/Reuters]

Australia’s central bank has unveiled plans to examine the potential economic benefits of introducing a central bank digital currency (CBDC).

The Reserve Bank of Australia (RBA) said in a statement on Tuesday it would carry out a year-long pilot project to explore “innovative use cases and business models” for a CBDC and gain a better understanding of technological, legal and regulatory considerations.

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