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.