Jan 27 , 2024.
A shop around the Sidist Kilo area adorns digital payment instruments in a bid to expand marketability. The potential use of Central Bank digital currencies (CBDC) following studies on their use is being considered as part of the National Bank of Ethiopia's three-year strategy. Ethiopia's recent foray into digitisation has transformed the purchase of fuel, the payment of utility bills and the issuing of business licenses which have improved efficiency. The move is ubiquitous along the continent with Nigeria flooded with protesters last year as the government implemented restrictions on cash transactions as part of a general push for a cashless economy.
PUBLISHED ON
Jan 27,2024 [ VOL
24 , NO
1239]
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