• Sakshyarjyoti Mishra
• Dr. Rashmita Sahoo

The recent interest in digital currency propels us to think about it in different scenarios. After introducing Bitcoin into the stock market and its rapid acceptance by customers, central banks then considered introducing a similar type of central currency on the line of digital cryptocurrencies. We are reviewing some of the latest articles in this literature to gain insights into the ongoing research in this field. We have noticed that most focus is on financial aspects such as financial inclusion, monetary policy impact, and people's perceptions. It is essential to see that the environmental aspect of the global economy is going on, and a recent article corroborated by the literal review. In this study, we are trying to capture the literal view of the central bank's digital currency. The purpose of the study is to keep a view of the ongoing literature in the field of our interest. Undoubtedly, the CBDC could have a significant ripple effect on the global economy after a crisis like COVID-19, augmenting their rapid acceptance and evolution in the direction of the digitalisation of currency.

Keywords: CBDC(Central bank digital currency) , Digital payments , Central Bank, BIS

"A LITERAL REVIEW OF THE CENTRAL BANK DIGITAL CURRENCY (CBDC)", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.11, Issue 5, page no.o493-o504, May-2024, Available :http://www.jetir.org/papers/JETIR2405F55.pdf

"A LITERAL REVIEW OF THE CENTRAL BANK DIGITAL CURRENCY (CBDC)", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.11, Issue 5, page no. ppo493-o504, May-2024, Available at : http://www.jetir.org/papers/JETIR2405F55.pdf