Top

Digital national currency to be created in Azerbaijan

Digital national currency to be created in Azerbaijan
Digital national currency to be created in Azerbaijan

The executive director of the Center for Economic Reforms and Communications Analysis of Azerbaijan, Vusal Gasimli, said that work on creating a digital Azerbaijani manat has already begun.

He made the announcement at the 5th International Banking Forum in Baku, entitled "Cashless Economy: Reliable, Safe and Sustainable."

"The latest revolutionary change in money has been the release of blockchain-based cryptocurrencies. Work on creating a digital manat has already begun. Negotiations are underway in the government on this issue," he said.

Digital GEL will be put into consumption in pilot mode from 2022.

If you find out orphographic mistake in the text, please select mistaken part of the text and press Ctrl + Enter.

Last added

Latest news



orphus_system