Zambia CBDC

Research

Zambia

Central Bank(s)

The Bank of Zambia (BoZ)

Announcement Year

2022

Status

Research

Retail/Wholesale

Retail

Main motivation/goals of the CBDC

Aimed at cutting transaction costs and boosting participation in the formal financial system.

Description

Expected to complete research on forming a digital currency by the fourth quarter 2022.

Link to announcement

Timeline

Last update: February 2022

Status updated

None Research

Added data

Announcement Year: 2022

Retail/Wholesale: Retail

Description: Expected to complete research on forming a digital currency by the fourth quarter 2022.

Main motivation/goals of the CBDC: Aimed at cutting transaction costs and boosting participation in the formal financial system.

Link to announcement: www.bloomberg.com

Country / Region: Zambia

Central Bank(s): The Bank of Zambia (BoZ)

News

No recent news found for this currency.