Turkey will cooperate with other countries for the digital central bank money (CBDC) project, which it is piloting.
Prepared by the Ministry of Treasury and Finance and the Strategy and Budget Department and approved by President Recep Tayyip Erdoğan. Presidential Annual Program for 2022, It was published in the Official Gazette.
A blockchain-based that digital central bank money will be implemented for the development of alternative money and payment systems that will be accepted in the international trade system. cooperation with other countries announced.
The Central Bank of the Republic of Turkey, which is responsible for the project, established a cooperation platform last month with the participation of ASELSAN, HAVELSAN and TÜBİTAK-BİLGEM for the development of the digital Turkish lira.
In line with the results obtained in the first phase of the pilot applications for the digital lira more widespread and well-attended advanced pilot tests to do.
According to the information in the annual program, within the scope of the pilot studies programmable money and offline payment R&D studies will be carried out for services. The digital renminbi (e-CNY) project developed by the People’s Bank of China (PBoC) available offline known.
The CBRT, the Ministry of Treasury and Finance and TUBITAK will start working to ensure the integration of the digital Turkish lira system with other systems.
The results of the first phase studies for the digital lira are expected to be shared with the public next year. The CBRT has not yet made a final decision on whether to put the digital lira into circulation.