While presenting Budget 2022, Finance Minister Nirmala Sitharaman said Digital Rupee, the name of the Central Bank Digital Currency (CBDC) in India, will be introduced using blockchain and other technologies. She added that the Reserve Bank of India (RBI) will issue these in 2022-23. “Introduction of Central Bank Digital Currency (CBDC) will give a big boost to digital economy. Digital currency will also lead to a more efficient and cheaper currency management system,” she said.