Mauritania to launch digital currency

The Central Bank of Mauritania (BCM) and German security technology group Giesecke+Devrient (G+D) have launched a joint project to develop a digital currency in Mauritania. A joint statement went on to say: “in line with Mauritania’s digital transformation agenda, the initiative seeks to explore the advantages of introducing a digital version of the Mauritanian Ouguiya, emphasizing the promotion of financial inclusion. G+D will play a key role in defining the digital currency’s specifications and offering technical assistance for preliminary trials of targeted applications.”