SARB Confirms South Africa Not Ready for Retail CBDC, Here’s Why

Story Highlights* SARB focuses on improving traditional payments, non-bank access, and cross-border CBDC solutions.

• Globally, 3 countries launched CBDCs, 49 testing, 20 developing, 36 still researching digital currencies.
• SARB says South Africa has no urgent need for a retail CBDC yet, digital currency won’t solve this.