Bank Indonesia in 'no hurry' over digital currency

The Bank Indonesia logo adorns the front gate of the central bank on Jl. Thamrin in Central Jakarta in this file photo.- JP

JAKARTA (The Jakarta Post/ANN): Bank Indonesia (BI) is mulling the idea of creating rupiah-denominated digital currency in line with the global trend, but Indonesian stakeholders and observers have told The Jakarta Post that the plan had a long way to go despite the potential benefits.

According to the Bank for International Settlement (BIS), 86 per cent of central banks across the globe are engaging in activities related to central bank digital currency (CBDC), with many still in the experimental stage.