November 5, 2019 Turkey announces pilot for a digital lira.

An official announcement published through the Resmî Gazete claims the first trails of the digital lira will be conducted and finalized by end of 2020. The stated intention behind the digital lira and its pilot is to “…establish a financial sector with a strong institutional structure that can respond to the financing needs of the real sector at a low cost, offer different financial instruments to a wide investor base through reliable institutions and support Istanbul’s goal of becoming an attractive global financial center.”

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