Turkey announces CBDC audit in 2021 amid inflation

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Turkish Central Bank (NBC) Governor Naci Agbal, who is struggling with double-digit rising consumer prices and rising inflation, has announced research into the Turkish Central Bank (CBDC). And a practical test for such currencies will begin at the end of 2021.

“There is an R&D project on digital currency,” said Agbal. “Currently, the conceptual phase of this project has been completed. It aims to begin testing in the second half of 2021. ”

The announcement came as a surprise to some, but so was Turkey Probable CBDC was surveyed in mid-2019: And, as previously reported by Cointelegraph, the launch of the digital Lira in 2021 will be a real delay. In November 2011, Turkish President Recep Erdoğan announced tests of the digital Lira system. It will be completed by the end of 2020:

CBDC growth came as the central bank kept inflation at 14%. Agbal, who was appointed governor of the central bank last week, told reporters last week that the bank was determined to reduce inflation and meet its 9.4% year-end target.

Turkey has previously been among the most active countries in the world 20% of the population owns digital currency: But according to a new survey, many people still believe in Bitcoin The spreadsheet may swell them a bit:



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