Collaboration Alert: Mauritania Central Bank and Giesecke+Devrient Working on National CBDC

The Central Bank of Mauritania (CBM) has partnered with Giesecke+Devrient (G+D) to develop and launch a digital version of the national currency, the Ouguiya. 

This collaboration aims to define the requirements for a Central Bank Digital Currency (CBDC) and explore its potential benefits for the country’s economy and society. G+D, a Germany-based security technology firm, will assist in outlining the prerequisites for the CBDC and provide technical solutions for testing specific use cases. 

The partnership reflects the CBM’s strategic approach towards digital currency innovation, aligning with its national development strategy to foster economic and social progress.

Clever Robot News Desk 24^th April 2024