The South African Reserve Bank has delayed retail CBDC plans, opting to focus on upgrading payment infrastructure before considering public digital currency deployment.
The South African Reserve Bank has postponed its retail central bank digital currency (CBDC) rollout, reaffirming its decision to prioritize modernizing South Africa’s payment systems. The bank’s latest stance confirms that CBDC deployment will not occur in the near term, with efforts concentrated on strengthening existing financial infrastructure before introducing a public-facing digital currency.