The Central Bank made a statement for the Digital Turkish Lira




The Central Bank is an important Digital Turkish Lira made the statement. There is important work for the future. Here are the details;

In the statement in Milliyet the central bank by Digital Turkish Lira In particular, the following was conveyed in full:

“Technological research, development and testing processes of the Central Bank Digital Turkish Lira R&D project will be carried out in close cooperation with the participation of technology stakeholders. Accordingly, the Central Bank signed bilateral memoranda of understanding with ASELSAN, HAVELSAN and TÜBİTAK-BİLGEM. Created a Digital Turkish Lira Cooperation Platform it was said.

In the announcement, it was stated that in addition to the above, in the light of the findings of the first phase where the pre-application tests of the strategic and critical technologies related to the project will be made, it is planned to expand the platform with new participations.

“Within the scope of the first phase pilot implementation studies, the prototype ‘Digital Turkish Lira Network’ will be established at the CBRT and narrow-scope and closed-circuit pilot tests will be carried out with technology stakeholders. In line with the results obtained, further phases will be initiated where more widespread and broad participation pilot tests will be carried out.

It is also planned to carry out tests that may require diversity within the scope of the Digital Turkish Lira R&D project on topics such as blockchain technology, use of distributed structures in payment systems, integration with instant payment systems. There is no final decision taken by the CBRT regarding the circulation of the digital Turkish lira. All studies are carried out on the principles of experimental R&D activities.”

It was stated in the announcement that the first phase results will be shared with the public in 2022, following the completion of the tests. “

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