skip to Main Content
bitcoin
Bitcoin (BTC) $ 76,130.40 1.53%
vested-xor
Vested XOR (VXOR) $ 3,405.08 99,999.99%
ethereum
Ethereum (ETH) $ 2,939.73 4.31%
tether
Tether (USDT) $ 1.00 0.05%
solana
Solana (SOL) $ 203.06 8.20%
bnb
BNB (BNB) $ 598.70 0.77%
usd-coin
USDC (USDC) $ 1.00 0.03%
xrp
XRP (XRP) $ 0.552487 0.69%
dogecoin
Dogecoin (DOGE) $ 0.198864 4.33%
staked-ether
Lido Staked Ether (STETH) $ 2,935.98 4.22%

Lebanon Preparing Central Bank Digital Currency for 2021 Rollout

Lebanon’s chief central banker said the country is preparing a national digital currency (CBDC) for a 2021 debut.

  • Banque Du Liban Governor Riad Salameh told state-run media Tuesday the CBDC project is part of a “regulatory mechanism” to restore confidence in Lebanon’s troubled banking sector.
  • Lebanon’s private banks have deep ties to the government, which defaulted on its debts in March. Neither institutions garner much trust from the public. Lebanese citizens currently store over $10 billion in their homes, Salameh said.
  • CBDC will also help Lebanon move to a “cashless system” that enables more seamless cash movement locally and abroad, he said.
  • Salameh has advocated for a Lebanese CBDC since at least November 2017.
Loading data ...
Comparison
View chart compare
View table compare
Back To Top