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Belarus to decide on issuing CBDC by year’s end: National bank chair

Published 04/19/2023, 01:02 PM
Updated 04/19/2023, 02:40 PM

The National Bank of the Republic of Belarus has prepared a pilot program for a central bank digital currency (CBDC), according to the official BelTA news agency. The country will make a decision on the issuance of a digital Belarusian ruble by the end of the year, chairman of the national bank Pavel Kallaur said.

“By the end of the year, after discussions and consultations, we should determine the possibility and feasibility of introducing a digital ruble in our country,” Kallaur said. “The decision will be made at the level of the head of state.”

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