A digital currency is likely to save operational costs — of printing, distributing and storing currency notes — for the Reserve Bank of India, with a portion of the fiat money in circulation being replaced with online tender, The Economic Times reported.
For every 100-rupee note, the cost works out to be 15-17% on each tender in its four-year life cycle, the report said, citing a market estimate.
Read the full report: The Economic Times.
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