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Tuesday

28 September 2021

Turkish central bank taps local tech firms for digital currency R&D

Turkish central bank taps local tech firms for digital currency R&D


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The Central Bank of the Republic of Turkey (CBRT) has made a major step forward with a research and development project that could see the Turkish lira go digital.

Similar to the digital euro initiative, the digital lira project doesn’t make a commitment to the ultimate digitization of Turkey’s currency, as the document emphasizes that “The CBRT has made no final decision regarding the issuance of the digital Turkish lira.”

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