Lebanon needs a credible government of reform | Financial Times

Lebanon recently announced that it would launch a national digital currency in 2021. The country has been working on the potential launch of a CBDC for a while now. Plans for the launch were first revealed by the nation’s National News Agency, which was quoted by Bloomberg. With the digital currency, Lebanon is hoping to promote confidence in its banking system.

Plans for Launch of a Digital Currency

It is not the first that news details on a national digital currency are being revealed. In April 2020, the governor of Lebanon’s central bank, Riad Salameh, said that the nation planned…


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