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The National Bank of Rwanda (BNR) has completed trials of its digital currency, conducted with small groups of participants from the financial and technology sectors.
The trials, announced in August 2025, aimed to test the use of the currency and gather feedback from financial sector stakeholders on how it should be implemented.
“The trial has concluded,” said BNR Governor Soraya Hakuziyaremye. “We are now preparing a report on the results, while engaging other stakeholders, including the Ministry of Technology and Innovation and the private sector.”
The trial focused on understanding the structure of the digital currency, applicable regulations, cybersecurity measures, and integration with existing payment systems. BNR said the insights gained will inform refinements before final approval of the currency.
“This phase allows us to explore different ways the digital currency can be used, based on expert feedback, and to establish measures to ensure no one is left behind in this new digital financial landscape,” Hakuziyaremye said.
The central bank indicated that future phases may include testing the currency for cross-border transactions. “One benefit we have observed is that using digital currency can reduce the cost of international payments,” Hakuziyaremye said.
Rwanda is collaborating with countries experimenting with digital currencies, including European nations testing a digital euro, Arab League countries, and China, which has already launched similar trials.
BNR began exploring the feasibility of a central bank digital currency (CBDC) in 2023. The initial study evaluated the potential benefits for Rwandans, how the currency could complement existing financial services such as banks and mobile money, and whether its introduction was necessary.
The preliminary findings concluded that digital currency adoption is essential, citing its ability to address multiple financial challenges.
BNR’s phased approach is designed to ensure the currency is secure, legally compliant, and practical for both domestic and international transactions. Officials say the process will help Rwanda navigate the transition to a digital economy while minimizing risks for consumers and businesses.
The central bank has not announced a launch date but emphasized that lessons from the trial will guide the rollout.
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