Rwanda to Adopt Digital Currency in Two Years – Central Bank

Rwanda is poised to introduce its own Central Bank Digital Currency (CBDC) within the next two years, aimed at enhancing financial inclusion and streamlining payment systems. The initiative, led by the National Bank of Rwanda, follows extensive research and public consultation to address concerns such as data privacy and system stability. The CBDC is expected to bolster resilience in payments, drive innovation, and facilitate cross-border transactions, aligning Rwanda with global digital currency trends amidst its ambition to become a cashless economy and regional ICT hub.