Central Bank of Qatar in “Foundation Stage” of Issuing Its Digital Currency

Jun 22, 2022

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Central Bank of Qatar in “Foundation Stage” of Issuing Its Digital Currency

Originally posted here.
By: Adewumi Victor


Qatar’s Central bank is exploring technological solutions and platforms to launch its digital currency. Qatar, with a population of 2.8 million, is about to join the growing list of countries adopting the central bank digital currency (CBDC) concept. In the latest development, the Qatar Central Bank (QCB) has started the foundation stage of issuing its digital currency.

QCB Governor Sheikh Bandar bin Mohammed bin Saoud Al Thani explained that the bank is currently working to find technological solutions for its digital currency. He said this during the “Inflation Test” session at the Qatar Economic Forum on …

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