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Author Topic: Tunisia Becomes First Country to Issue a Central Bank Digital Currency  (Read 1142 times)

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Offline Paul88Topic starter

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Tunisia has announced the launch of its digital currency, the ‘E-dinar.’ With this, the tiny North African country claims to be the first country to launch a central bank digital currency (CBDC).

Beating China To The Race

While everyone was expecting China to be the first country to issue a digital currency, Tunisia holds that position now. It is also clear that it is not a cryptocurrency and differentiates itself from the Venezuelan Petro. Instead of creating a new currency like Venezuela, Tunisia is only digitizing its existing money.
Customers will be able to spend the E-Dinar at thousands of shops, cafes, and restaurants over the next few months. It can be purchased online or through any of the planned two thousand Kiosks in the country.

Overcoming the U.S. Dollar And SWIFT

In addition to easing transactions within the country, Tunisia has an ambitious goal of taking it international. The Central Bank hopes to eliminate the need for U.S. dollars in cross-border payments.
Tunisia also hopes to separate itself from the widely used payment protocol SWIFT, which can switch off its payment channels for any nation at any time. With the E-Dinar, the central bank of Tunisia remains in control.

Offline Sensiyorum

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Re: Tunisia Becomes First Country to Issue a Central Bank Digital Currency
« Reply #1 on: December 01, 2019, 09:57:35 AM »
It is very strange for me that advanced countries are trying to ban cryptocurrency, but all the others issue their currencies and introduce them into the country's economy.


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