Lebanon CBDC in 2021

Lebanon considers CBDC in 2021, says the Chief Central Banker.

The CBDC Project is part of the regulatory framework to restore confidence in the Lebanese troubled banking sector, Banque Du Liban Governor Riad Salameh told state-run media on Tuesday. 

Also, Salameh has advocated for a Lebanese CBDC since at least November 2017. said, CBDC will also help Lebanon move to a “cashless system” that enables a more seamless cash movement locally and abroad.

Broadly speaking, Central Bank Digital Currency also known as CBDC is a game-changer and the nation’s approach to acknowledge cryptocurrencies. whichever way, it is a signal to digitize finance and as such will deepen cryptocurrency options.