The Central Bank of Turkey Has Conducted First Tests of Its Turkish Digital Lira

The Central Bank of Turkey (CBRT) has conducted the first tests of its Turkish digital lira. According to a statement released on Thursday, the CBRT successfully carried out the first payment transactions on its CBDC network as part of an initial test phase.

"In the first quarter of 2023, the CBRT will continue its small-scale, closed-loop application pilot tests conducted with technological stakeholders. The test results will be made public in a comprehensive evaluation report," the bank said in the statement.

And in 2023, the Turkish digital lira will move to advanced stages where the central bank will conduct pilot tests with broad participation, including banks and financial technology companies.

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