Central Bank of Tunisia Refutes Claims Of Launching A CBDC Dubbed The E-Dinar

Last week, rumors that the Central Bank of Tunisia is looking to launch the E-dinar digital currency were circulating, but this week, the bank said that the claims were unfounded and that it doesn’t plan to issue a CBDC, also known as a central bank digital currency. It seems that a POC (proof of concept) project that was in discussion at an event in Tunisia was misunderstood, this being the reason for the false information getting spread.

The Bank is Prospecting all the Alternatives

In spite of the fact that it has rejected the rumors, the Central Bank of Tunisia still admitted that it’s considering the CBDC option, seeing that it’s studying all the financial alternatives available. However, there are no plans to launch an E-Dinar. It’s just that the bank is looking into new technologies and the opportunities they offer, assessing the risks and investigating methods of promoting financial stability and offering cybersecurity.

Where Did the News Come From?

The news on the Central Bank of Tunisia launching the E-Dinar were launched after the state-owned Russian news agency Tass said that the Central Back is partnering up with the Universal Blockchain in order to create and issue a CBDC. It was claimed that the announcement was made at a FOREX Club event in Tunisia.

Still, the Central Bank denied these rumors and highlighted that it has only made a test demonstration for CBDC at the event.