economy

Digital Rupiah Enters Retail Pilot

Bank Indonesia opens its first retail trial of the digital rupiah in 2026.

May 19, 2026 · 1 min read · baca dalam bahasa indonesia

Bank Indonesia announced that Project Garuda will move into a retail pilot phase in Q3 2026.

Context

The wholesale digital rupiah has been live since 2024.

Commercial banks worry retail CBDC will cannibalize their deposit base.