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Bank of Tanzania's New Study to Chart Path for Digital Currency

Summary by The Citizen
BoT began exploring CBDCs in January 2023 through a phased, risk-based approach, signaling a cautious yet forward-looking stance on digital monetary policy.
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The way we pay and understand money is facing a potentially fundamental revolution. While digital wallets on our smartphones have become commonplace and cryptocurrencies cause a stir, central banks around the world are working hard on their own digital currencies – the so-called Central Bank Digital Currencies (CBDCs). In Europe, the Digital Euro project is progressing. But what exactly is behind these developments? What technologies are behind …

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The Citizen broke the news in Dar es Salaam, Tanzania, United Republic of on Monday, May 26, 2025.
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