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Home News

CBN don set to launch digital currency for Independence day

by Pidgin Parrot
July 23, 2021
Reading Time: 1 min read
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CBN don set to launch digital currency for Independence day
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The Central Bank of Nigeria (CBN) don talk say dem go launch their own digital currency for October 1, 2021.

Naira metrics been talk say CBN and him stakeholders been choose Independence day as the launch date. According to the publication, CBN IT Director, Rakiya Mohammed been talk say the CBN don dey do research for digital currency since 2017 for the conclusion of the 306th Banker’s Committee meeting.

US don close IPOB bank account over fraud allegations : Full gist here

The project name na Project GIANT and na the Hyperledger Fabric Blockchain e go use. CBN follow talk say e get plenty better things wey eNaira go do like Macro management and growth, cross border trade facilitation, financial inclusion, monetary policy effectiveness, improved payment efficiency, revenue tax collection, remittance improvement and social intervention.

Tags: Central Bank of NigeriaCurrency launchDigital currencyeNairaIndependence day launch
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