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@article{188731,
        author = {Ahmed Mohamed Rashed Altakhloufah Alyammahi and Dr. Talluri Vanisree},
        title = {UNDERSTANDING CBDCS AS A CATALYST FOR TRANSFORMATION: BALANCING BENEFITS, RISKS, AND GLOBAL MONETARY SHIFTS IN THE DIGITAL ERA},
        journal = {International Journal of Innovative Research in Technology},
        year = {2025},
        volume = {12},
        number = {5},
        pages = {4239-4246},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=188731},
        abstract = {A significant number of Central Banks globally are preparing to implement Central Bank Digital Currencies (CBDCs) as legal money in their respective nations. The Reserve Bank of India (RBI) has disclosed analogous intentions, anticipating the introduction of an Indian CBDC in the imminent future. An assessment of such a significant transformation in the essence of currency necessitates a comprehensive understanding of the potential and constraints associated with the implementation of CBDCs. "This study addresses these difficulties conceptually, with a specific focus on the Indian context.'' We demonstrate that the conceptual challenges can be categorized into three dimensions: monetary sovereignty concerns, national sovereignty issues, and developmental challenges. This study examines the potential effects of implementing a Central Bank Digital Currency (CBDC) in the Indian economy, analyzing its advantages and associated risks. Central Bank Digital Currencies (CBDCs) have attracted global interest as a remedy for the shortcomings of privately-operated electronic financial systems.},
        keywords = {Digital, Monetary, Challenges, Money, Innovation.},
        month = {December},
        }