According to Ledger Insights, the RMA hopes that a digital Ngultrum will accelerate its mission to increase financial inclusion in Bhutan to 85% by 2023.
Bhutan’s interest in a CBDC is also likely spurred by the high volumes of remittances that the country receives. While the figure is only USD 83 million according to the World Bank, the amount represents more than 3% of the country’s GDP of USD 2.5 billion.
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