3. Global Exploration

2023: Over 134 countries, representing about 98% of global GDP, explored CBDC frameworks.

2024: Several CBDCs have been launched globally.

Examples of Launched CBDCs

1. Bahamas – Sand Dollar:

The first fully launched CBDC in the world.

2. Eastern Caribbean Union – Dcash:

Used within member states for cross-border and local transactions.

3. Nigeria – eNaira:

Africa’s first CBDC, focused on financial inclusion.

4. China – Digital Renminbi:

The first CBDC by a major economy, currently in extensive pilot testing.

5. India – Digital Rupee:

Pilot phase for retail and wholesale use.