Tanzania CBDC
ResearchTanzania
Central Bank(s)
Bank of Tanzania
Announcement Year
2021
Status
Research
Retail/Wholesale
Retail, Wholesale
The key considerations during this research stage involve choosing a suitable approach to CBDC adoption based on Tanzania context. This includes type of CBDC to be issued (wholesale, retail or both), models for issuance and management (direct, indirect, or hybrid), form of CBDC (token-based or account-based), instrument design (remunerated or non-remunerated) and degree of anonymity or traceability. Particular attention is also paid on risks and controls associated with issuance, distribution, counterfeit and usage of currencies.
Tanzania plans to introduce its own digital money, following similar decisions in several emerging markets including Nigeria, which was the first to make the move in Africa.
Link to announcement
Last update: January 2023
January 2023
Main motivation/goals of the CBDC: The key considerations during this research stage involve choosing a suitable approach to CBDC adoption based on Tanzania context. This includes type of CBDC to be issued (wholesale, retail or both), models for issuance and management (direct, indirect, or hybrid), form of CBDC (token-based or account-based), instrument design (remunerated or non-remunerated) and degree of anonymity or traceability. Particular attention is also paid on risks and controls associated with issuance, distribution, counterfeit and usage of currencies.
Retail/Wholesale: Retail → Retail, Wholesale
Link to announcement: www.bot.go.tz
November 2021
None → Research
Announcement Year: 2021
Retail/Wholesale: Retail
Description: Tanzania plans to introduce its own digital money, following similar decisions in several emerging markets including Nigeria, which was the first to make the move in Africa.
Link to announcement: www.bnnbloomberg.ca
Country / Region: Tanzania
Central Bank(s): Bank of Tanzania
No recent news found for this currency.