Central Bank Digital Currency: Turkey's Central Bank Conducts First Transactions of Digital Lira - Will Other Countries Follow Suit?

The Central Bank of the Republic of Turkey (CBRT) has completed the first trial of its central bank digital currency (CBDC), the Digital Turkish Lira. The country's central bank issued a press release on December 29, stating that, "In the scope of the first-phase studies of the Digital Turkish Lira Project, conducted under the leadership of the [CBRT], the first payment transactions on the Digital Turkish Lira Network were executed successfully." ...