Ethiopia paves way for digital currency
The Light|Issue 48, August 2024
ETHIOPIA recently moved closer to launching a central bank digital currency (CBDC) after the Council of Ministers voted to approve a revised draft proclamation.
TERENCE ZIMWARA
Ethiopia paves way for digital currency

This proclamation establishes a legal framework for the introduction of digital currency. Described as a pivotal step in the race to launch the CBDC, the approval reportedly allows the digital currency to circulate alongside the regular currency.

According to a local report, the proclamation enables the National Bank of Ethiopia (NBE) to launch the digital currency as and when it deems necessary. The report added that the NBE took into account several factors when drafting the proclamation.

Denne historien er fra Issue 48, August 2024-utgaven av The Light.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra Issue 48, August 2024-utgaven av The Light.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.