Namibia CBDC
ResearchNamibia
Central Bank(s)
Bank of Namibia
Announcement Year
2021
Status
Research
Retail/Wholesale
Retail
The central bank’s strategic direction and the rapid digitisation of the financial system have prompted it to think critically about a potential Namibia Dollar CBDC in the digital payment landscape of the future.
According to its 2022-24 Strategic Plan, the Bank of Namibia will be assessing the viability of central bank digital currency (CBDC). This is part of the central bank's plan to automate, modernize and facilitate efficiency utilizing technology. The Bank will also set up an innovation hub to provide a conducive environment for the incubation of new fintech concepts without stifling start-ups and innovators, but doing so in a regulatorily responsible manner.
Link to announcement
Link to whitepaper
Last update: February 2025
February 2025
Link to announcement: www.imf.org
October 2022
Main motivation/goals of the CBDC: The central bank’s strategic direction and the rapid digitisation of the financial system have prompted it to think critically about a potential Namibia Dollar CBDC in the digital payment landscape of the future.
Link to whitepaper: www.bon.com.na
Link to announcement: techcabal.com
December 2021
None → Research
Announcement Year: 2021
Retail/Wholesale: Retail
Description: According to its 2022-24 Strategic Plan, the Bank of Namibia will be assessing the viability of central bank digital currency (CBDC). This is part of the central bank's plan to automate, modernize and facilitate efficiency utilizing technology. The Bank will also set up an innovation hub to provide a conducive environment for the incubation of new fintech concepts without stifling start-ups and innovators, but doing so in a regulatorily responsible manner.
Link to announcement: blogspot.us6.list-manage.com
Country / Region: Namibia
Central Bank(s): Bank of Namibia
No recent news found for this currency.