Africa’s Forceful First CBDC Push a Resounding Failure
The Central Financial institution of Nigeria’s (CBN) efforts to make residents transfer away from money and undertake the eNaira Central Financial institution Digital Foreign money (CBDC) have been unsuccessful, in response to a report by the Worldwide Financial Fund (IMF). The eNaira, launched by CBN on Oct. 25, 2021, was Africa’s first CBDC. In a … [Read more…]