ISTANBUL (Reuters) – Turkey’s central bank said on Wednesday that it has formed the Digital Turkish Lira Collaboration Platform to expand its research into the potential benefits of a digital currency.
The bank said it signed separate memorandums of understanding with Turkey’s HAVELSAN, ASELSAN and TUBITAK-BILGEM for the platform, which will carry out the research, development and testing processes.
It said no final decision has been made about a digital Turkish lira currency and that the results of the first phase of the pilot study will be announced in 2022.
(Reporting by Ali Kucukgocmen and Ezgi Erkoyun; Editing by Daren Butler)
