Posts

Showing posts with the label Central Bank of Algeria

Algerian Central Bank to adopt CBDC for national currency

Image
  At the end of 2022 the Prime Minister of Algeria, Aimene Benabderrahmane announced that the Central Bank of Algeria is intending to adopt a national digital currency under the name of "Algerian digital dinar" as part of the digitalization of payments. In his speech the Prime Minister stated, “One of the main workshops held at the Central Bank of Algeria, was under the theme digital payments that would allow the adoption of a digital form of money. It would ensure that the issuance, management and control of the digital currency, the Algerian digital dinar would be under the Central Bank.” As reported by the Algeria Press Service these statements were made on the sidelines of the opening ceremony of the Central Banks Future Challenges conference organized by the Bank of Algeria. "In the digital age, the need to strengthen the security and control of payment systems will undoubtedly be felt, new challenges that the Bank of Algeria must face", added the Prime