Sarb announces ‘CBDC feasibility project’

Central bank pursues partners to test digital currency

south-africa-reserve-bank-sarb-hq-pretoria-2
South African Reserve Bank: published tender notice on May 14
Elske Photography

The South African Reserve Bank (Sarb) has invited bids from private companies to develop the infrastructure necessary for a central bank digital currency, or CBDC.

The Sarb published the tender notice on May 14. It said the CBDC should be electronic legal tender, effectively performing the same function as cash.

The notice specifies the trial digital currency must only be issued by the Sarb, should have a one-to-one parity with the rand, and should be accepted by all sizes of business and the

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: