The Central Bank of Tunisia denies reports of issuing a dinar-backed digital currency

The Central Bank of Tunisia has denied reports of issuing a dinar-backed digital currency. Earlier, Russia's state-owned news agency Tass reported that the Central Bank of Tunisia had partnered up with Russia's blockchain company to issue dinar-backed digital currency.

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The Central Bank of Tunisia published a report quashing the rumors that it had launched a dinar-backed digital currency. However, the bank admitted they are considering a CBDC. The official document says that the bank is studying the opportunities and risks inherent in these new technologies, particularly in terms of cybersecurity and financial stability.

The central bank of Tunisia says no such announcement was made.

Earlier, Russia’s state-owned news agency reported that the Central Bank of Tunisia had partnered up with Russia’s blockchain company Universa Blockchain to issue dinar-backed digital currency. However, the Central Bank of Tunisia clarified that the test of POC (proof of concept) was taken out of context, and the name of BCT was used improperly.

The announcement of Tunisia issuing e-dinar seems to have come at a FOREX Club Tunisia Event. Now the Central Bank has revealed that no such announcement was ever made.

The bank is open to all technological innovations.

Even though the bank denied the reports of issuing dinar-backed digital currency, the central bank is open to all technological innovations in the banking and financial sector. The bank mentioned that it is currently focusing on the digitization of finance, in its digital currency dimension and not on cryptocurrencies.

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Jai Pratap
A Mass Media Graduate who loves to write. Jai is also a sports enthusiast and a big movie buff. He loves to learn new things.

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