Central financial institution plans to make CBDC ‘solely authorized digital tender’ in Indonesia, says gov By Cointelegraph

Central financial institution plans to make CBDC ‘solely authorized digital tender’ in Indonesia, says gov By Cointelegraph



Financial institution of Indonesia Governor Perry Warjiyo has introduced developments in its plans to launch a central financial institution digital forex, or CBDC, for “numerous digital financial and monetary transactions.”

In a Dec. 5 speech on the central financial institution’s annual assembly, Warjiyo stated the financial institution deliberate to launch particulars on the conceptual design of a digital rupiah — a forex the equal of the nation’s fiat — and open the matter to public remark. In line with the governor, the Financial institution of Indonesia supposed for the digital rupiah to be “built-in, interconnected, and interoperable” with different international locations’ CBDCs following discussions with central financial institution officers.

Digital rupiah roadmap. Supply: Financial institution of Indonesia