Tanzania plans cautious CBDC launch

A man walks out of the Central Bank of Tanzania building in Dar es Salaam, Tanzania January 15, 2019. REUTERS/Emmanuel Herman

DODOMA: Tanzania’s central bank says it is working towards a “phased, cautious and risk-based” introduction of a digital currency for the East African nation.

The Bank of Tanzania “will continue to monitor, research and collaborate with stakeholders, including other central banks, in the efforts to arrive at a suitable and appropriate use and technology for issuance of Tanzanian shillings in digital form,” it said in a statement.