Statement on Digital Turkish Lira from the CBRT President: We are at a Critical Point!

CBRT President Hafize Gaye Erkan made a statement that “we are at a critical turning point” regarding the Digital Turkish Lira.

Central Bank of the Republic of Turkey (CBRT) Governor Hafize Gaye Erkan, held in Istanbul Organization of Islamic Cooperation (OIC)-Economic And Commercial Cooperation Standing Committee (COMCEC) Central Banks Forum At the meeting, he made remarkable statements about the Digital Turkish Lira.

Hafize Gaye Erkan, who made the opening speech, said: digital central bank coins (CBDC) evaluated the latest developments in design and use. Hafize Gaye Erkan, “at a critical turning point” While stating that they were, he included the following statements in his statements:

The initiatives of developed country central banks are about to reach a certain maturity, and we are at a critical turning point where the role of BIS and OIC cooperation are key in creating safe and resilient CBDC systems. There are examples of countries developing their own digital currency technologies. The ultimate power of digital money comes not just from being a digital currency, but from being a central bank-issued monetary technology. Without interoperability and high-performance payment processing systems, no MBDP project can deliver efficient and effective global transfer of inclusive, greener trade and investment.

CBRT President also Islamic cooperation organizationThe cooperation in; trade And in money transfer transactions cross border Facilitating CBDC transactions in order to ensure key importance He emphasized that he had.

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