The Central Bank of the Republic of Turkey (CBRT) has completed the first trial of its central bank digital currency (CBDC), the Digital Turkish Lira, and has indicated that testing will continue until 2023. According to a CBRT statement issued on December 29, the central bank authority successfully completed its “first payment transactions” using the digital lira. It stated that it will continue to conduct limited, closed-circuit pilot tests with technology stakeholders in the first quarter of 2023 before expanding to include selected banks and financial technology companies for the remainder of the year.
