Reserve Bank Governor Shaktikanta Das believes that Central Bank Digital Currency (CBDC) can be instrumental in facilitating cross-border payments. The RBI has conducted successful pilot projects on CBDC, leading to the conviction that it can be an effective mode for cross-border transactions. Das emphasized that while paper currency will continue to exist, CBDC has the potential to make cross-border payments faster, cheaper, and more secure. The pilot projects conducted by the RBI on CBDC have demonstrated the feasibility and safety of using digital currency for cross-border transactions. The technology behind CBDC allows for immediate settlement and enhanced traceability of transactions, which can help combat money laundering and other illicit activities. CBDC can also significantly reduce the cost and time taken for cross-border transactions, benefiting individuals and businesses alike. Additionally, CBDC can provide central banks with better control over the monetary system and enable them to monitor and influence cross-border transactions more effectively. In conclusion, the successful pilot projects on CBDC conducted by the RBI have highlighted its potential to revolutionize cross-border payments and enhance the efficiency of the global financial system.