The Qatar Central Bank (QCB) is in the foundation stage of issuing a Central Bank Digital Currency (CBDC) and it is working on finding the right technology and platform, the Central Bank’s Governor H E Sheikh Bandar bin Mohammed bin Saoud Al Thani has said.
Speaking at the session on ‘The Inflation Test’ at the Qatar Economic Forum, the QCB Governor said, “Many central banks are now considering to issue CBDC, and we are not an exception of that. But we are still in the foundation stage. We are evaluating the pros and cons of issuing CBDC and to find the proper and the right technology and platform to issue our CBDC.”
