Indonesia is planning to launch a digital version of its national currency, central bank Governor Perry Warjiyo said on Tuesday.
Fast Facts:
- Bank Indonesia is currently looking at potential platforms for the digital rupiah, and has made developing digital payment systems a policy priority amid strong growth in online transactions during the Covid-19 pandemic.
- In April alone, digital banking platforms in the country saw transaction frequency leap 60.3% on an annualized basis to more than 570 million, with the value of transactions surging 46% to 3,114.1 trillion rupiah ($217.3 billion), according to a report by Reuters.
