Turkey to launch digital currency next year

From express.co.uk

Turkey has announced it will have a national digital currency issued by its central bank for 2020. President Tayyip Erdogan revealed economic recovery plans earlier this year for the struggling nation which has been crippled with debt and austerity measures. As part of the economic rescue package, the bank could begin issuing digital lira by next Christmas. The move comes amid a revitalised financial outlook for Istanbul which recently saw inflation fall to its lowest level since 2015. Many observers had anticipated that Turkey’s plight might have followed that of Greece in recent years, given its gross foreign ... (full story)