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Project Garuda takes flight: First phase of Indonesia’s Digital Rupiah achieved

This initiative advances the country’s Central Bank Digital Currency (CBDC) development through Project Garuda.

Bank Indonesia Governor Perry Warjiyo announced that the central bank has completed the “Immediate State,” representing the first phase of the Rupiah Digital exploration journey.

The development aligns with the bank’s mandate as Indonesia’s sole currency issuer and responds to the rapid growth of the digital financial economy.

“This achievement is a manifestation of Bank Indonesia’s commitment to the development of the Rupiah Digital in response to the rapid growth of the digital financial economy,” Warjiyo stated in the official report.

Project Garuda takes flight: First phase of Indonesia’s Digital Rupiah achieved

This initiative advances the country’s Central Bank Digital Currency (CBDC) development through Project Garuda.

Bank Indonesia Governor Perry Warjiyo announced that the central bank has completed the “Immediate State,” representing the first phase of the Rupiah Digital exploration journey.

The development aligns with the bank’s mandate as Indonesia’s sole currency issuer and responds to the rapid growth of the digital financial economy.

“This achievement is a manifestation of Bank Indonesia’s commitment to the development of the Rupiah Digital in response to the rapid growth of the digital financial economy,” Warjiyo stated in the official report.

https://crypto.news/project-garuda-takes-flight-first-phase-of-indonesias-digital-rupiah-achieved/