@User001 31 October 2022

Turkey’s central bank set to launch state-backed digital currency in 2023 Turkey has embraced central bank digital currencies (CBDC) after several months of deliberating over them. Now, the results are in, and the Central Bank of the Republic of Turkey (CBRT) has confirmed that it is eyeing a 2023 launch for the digital iteration of the lira. The announcement was revealed in Turkey’s Presidential Annual Program for 2023, with the Strategy and Budget Directorate highlighting plans for the CBDC launch. According to the budget document, financial provision has been made for a “blockchain-based digital central bank money to be implemented.”