CBN to launch digital currency Oct 1

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CBN to launch digital currency Oct 1
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The Central Bank of Nigeria has said that it will launch the pilot scheme of its digital currency on October 1st, 2021.

said that its private sources said the pilot scheme will be launched on October 1st, 2021.

It said that the press briefing delivered by the Director IT department, Rakiya Mohammed, at the end of the meeting explained that the Bank had been conducting research in regards to central bank digital currencies since 2017 and may conduct a proof of concept before the end of this year.

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