a.i & blockchain

palestine central banks to consider launching a cbdc in their country

palestine’s central bank say they are studying the development of a digital currency in their country.

they conduct two studies for the cryptocurrencies for domestic and international payments. palestinians doesn’t have an individual currency for 70 years, and their economy relies on israeli shekel for every transactions.

analysts expressed uncertainty with the study of palestinian digital currency. raja khalidi, the director of the palestine economic policy research said “the macroeconomic conditions don’t exist to allow a palestinian currency – digital or otherwise – to exist as a means of exchange”.

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