Algeria confirms its endeavor to explore the digital currency of the central bank in light of the growing global digital economy

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The Algerian Press Service reports that by 2022, there will be a significant increase in the number of Algerians living abroad. The Prime Minister added that the Central Bank will develop, issue, manage and control the Algerian dinar; Thus the country’s first official digital currency, the country’s official currency.

 According to reports, the launch of the Central Bank of Algeria’s digital currency is crucial for the future of the country’s financial system to keep pace with international technical developments and the digital economy.

 During the pilot phase of the mBridge project in the UAE, $21 million in transactions were recorded over a period of six weeks; According to an official from the country’s central bank, experimenting with transactions involving the central bank’s digital currency means strengthening the domestic financial sector.

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