{"id":7504,"date":"2024-04-23T17:16:15","date_gmt":"2024-04-23T17:16:15","guid":{"rendered":"https:\/\/www.cryptometer.io\/news\/?p=7504"},"modified":"2024-04-23T17:16:17","modified_gmt":"2024-04-23T17:16:17","slug":"mauritania-to-develop-national-digital-currency","status":"publish","type":"post","link":"https:\/\/www.cryptometer.io\/news\/mauritania-to-develop-national-digital-currency\/","title":{"rendered":"Mauritania to Develop National Digital Currency"},"content":{"rendered":"\n<p>Mauritania&#8217;s Central Bank (CBM) is partnering with the German firm Giesecke+Devrient (G+D) to introduce a central bank digital currency (CBDC), marking a significant milestone in modernizing the country&#8217;s financial systems. This collaboration aims to incorporate a digital version of the Ouguiya, Mauritania&#8217;s national currency, enhancing the nation&#8217;s economic infrastructure.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-pioneering-technology-for-financial-inclusion\">Pioneering Technology for Financial Inclusion<\/h4>\n\n\n\n<p>Giesecke+Devrient will provide critical technical support to CBM, leveraging their extensive expertise in digital currencies, evidenced by their previous successful partnership with the Ghanaian central bank on the e-cedi. The initial phase of this collaboration involves crafting detailed technical and operational requirements and deploying technological solutions for trial scenarios.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-enhancing-economic-development-and-social-progress\">Enhancing Economic Development and Social Progress<\/h4>\n\n\n\n<p>The introduction of the CBDC is set to transform Mauritania\u2019s financial landscape by promoting greater economic and social development. Governor Mohamed Lemine Ould Dhehby of the CBM underscored the project&#8217;s importance, highlighting its potential to broaden the bank&#8217;s expertise in digital finance. This initiative is expected to increase financial accessibility and inclusion, benefiting various sectors of the population.<\/p>\n\n\n\n<p>Wolfram Seidemann, CEO of G+D Currency Technology, echoed these sentiments, expressing enthusiasm for the project&#8217;s role in boosting Mauritania&#8217;s economic growth and societal well-being. The partnership is viewed as a strategic pillar of the national development plan, aiming to enrich community prosperity and complement traditional monetary systems.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mauritania&#8217;s Central Bank (CBM) is partnering with the German firm Giesecke+Devrient (G+D) to introduce a central bank digital currency (CBDC), marking a significant milestone in modernizing the country&#8217;s financial systems. This collaboration aims to incorporate a digital version of the Ouguiya, Mauritania&#8217;s national currency, enhancing the nation&#8217;s economic infrastructure. Pioneering Technology for Financial Inclusion Giesecke+Devrient [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":7506,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[259,43],"tags":[],"class_list":{"0":"post-7504","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-altcoins","8":"category-general-news"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Mauritania to Develop National Digital Currency<\/title>\n<meta name=\"description\" content=\"Mauritania&#039;s Central Bank (CBM) is partnering with the German firm Giesecke+Devrient (G+D) to introduce a central bank digital currency (CBDC), marking a\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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