South Africa: South African Reserve Bank (SARB) Feasibility Study for a General-Purpose Retail Central Bank Digital Currency (CBDC)
Progress
Current status
under deliberation
25 May 2021 under deliberation
Scope
Implementers
South Africa
Policy Area
Other operating conditions
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
central bank
Implementation Level
national
Timeline of events
Launched Feasibility Study for a general-purpose retail central bank digital currency
On 25 May 2021, the South African Reserve Bank (SARB) announced it had initiated a study to analyse the feasibility of a central bank digital currency (CBDC) as electronic legal tender for general-purpose retail use, complementary to cash.
SourceEvent type
outline
Action type
announcement
Government branch
executive
Government body
central bank