Digital Som

Proof of concept

Kyrgyzstan

Central Bank(s)

National Bank of the Kyrgyz Republic

Announcement Year

2024

Status

Proof of concept

Retail/Wholesale

Retail

DLT / non-DLT

DLT

Main motivation/goals of the CBDC

Research into digital som is a strategic initiative of the National Bank in the digitalization of the economy and financial system of the Kyrgyz Republic. The introduction of digital currency aims to enhance financial inclusion, simplify the processes of transfer and payment, and increase the transparency and security of financial transactions.

Link to announcement

24.kg

Timeline

Last update: April 2025

April 2025

Updated data

Link to announcement: 24.kg

December 2024

Status updated

Research Proof of concept

Updated data

Link to announcement: en.trend.az

August 2024

Updated data

Link to announcement: www.nbkr.kg

Updated data

Link to announcement: www.nbkr.kg

April 2024

Updated data

Link to announcement: www.nbkr.kg

March 2024

Status updated

None Research

Added data

Announcement Year: 2024

Retail/Wholesale: Retail

DLT / non-DLT: DLT

Main motivation/goals of the CBDC: Research into digital som is a strategic initiative of the National Bank in the digitalization of the economy and financial system of the Kyrgyz Republic. The introduction of digital currency aims to enhance financial inclusion, simplify the processes of transfer and payment, and increase the transparency and security of financial transactions.

Link to announcement: www.nbkr.kg

Country / Region: Kyrgyzstan

Central Bank(s): National Bank of the Kyrgyz Republic

News

No recent news found for this currency.