Egypt plans to issue central bank digital currency (CBDC) in 2030

Bitget App

Trade smarter

Cointime2024/01/16 08:19

By:Cointime

Egypt plans to issue a central bank digital currency (CBDC), known as the electronic pound, by 2030. The Central Bank of Egypt (CBE) will issue this digital currency, which is expected to increase the competitiveness of Egypt's domestic currency and improve the efficiency of monetary policy.A research report commissioned by the Egyptian Ministerial Council for Information and Decision Support Center explains the details of the North African country's CBDC goals. The document, called "The Most Important Strategic Directions of the Egyptian Economy During the New Presidential Period (2024-2030)," identifies policies that will be crucial to the Egyptian economy over the next six years.In addition to making the launch of CBDC one of its priorities, the document also urges Egyptian monetary authorities to continue developing the financial sector. Like the launch of CBDC, its goal is to help Egypt achieve 100% financial inclusion by 2030.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!

Share link:In this post: The Treasury raised its borrowing estimate for April-June to $514 billion because of a smaller cash pile. The end-of-March cash balance came in at $406 billion, way below the $850 billion the Treasury had predicted. Lou Crandall said new tariff revenue from President Trump might help, but the debt ceiling mess is still the main problem.

Cryptopolitan•2025/04/29 13:23

Trump’s tariff policy casts a shadow on Meta AI expenditure

Share link:In this post: Meta CEO Mark Zuckerberg unveiled plans to enhance Meta AI’s capabilities, as investors remained skeptical about how Trump’s tariffs impacted that strategy. Zuckerberg hinted that answers to the planned strategy could come this week as Meta prepared to host its first LlamaCon for developers on April 29th. Needham analysts expected Meta to follow Alphabet’s lead and remain firm in its plan to spend ~$65B in capex for AI infrastructure this year.

Cryptopolitan•2025/04/29 13:23

Trump’s tariff policy casts a shadow on Meta AI expenditure

FTX initiates legal action to recover creditor asset from NFT Stars and Kurosemi

Share link:In this post: FTX is suing NFT Stars and Kurosemi to recover crypto assets transferred under agreements before the exchange’s collapse. The representatives of the defunct exchanges allege that both blockchain firms failed to deliver the digital assets despite receiving substantial payments as investments. The lawsuits are part of a broader legal strategy to claw back funds and repay creditors impacted by its bankruptcy.

Cryptopolitan•2025/04/29 13:23