Status : Research
Usecase : Retail
The National Bank of Georgia (NBG) announced in May 2021 that it would explore the possibility of introducing a digital lari. The NBG plans to develop a central bank digital currency (CBDC) in collaboration with private sector companies, and is currently engaging with fintech firms to join the initiative. The CBDC is expected to have a modular design, be cost-effective, and provide convenience for retail transactions. Interoperability is also a key feature of the planned CBDC. In November 2022, the NBG reaffirmed its commitment to launch a CBDC pilot program to gather more information on potential use cases and benefits. In February 2023, the NBG invited fintech companies to participate in research for the Digital Lari project, with the intention of selecting a technology partner to provide CBDC technology for the pilot project.
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