Digital TL Will Be Operational In 2022

Digital TL will be operational in 2022. The legal infrastructure of Digital TL will be completed by the end of 2021.

In the 2022 Presidential Annual Program prepared by the Ministry of Treasury and Finance and the Strategy and Budget Department, it was reported that the blockchain-based digital Turkish lira will be put into practice in 2022. In line with the first phase pilot findings of the Central Bank Digital Turkish Lira Research and Development Project, which was put forward by the work of the Central Bank of the Republic of Turkey, the Ministry of Treasury and Finance and TUBITAK, it was also stated in the report that advanced pilot tests with more widespread and broad participation would be conducted. It was stated that research and development studies will continue for the compliance of current and advanced technologies with the digital Turkish lira requirements, and research, development and testing studies will be carried out by creating a technological infrastructure for programmable money and offline payments caiman services. In the program, it was reminded that the integration of the digital Turkish lira system with other related systems will also begin. It was previously reported that the test results of the first phase pilot implementation studies will be shared with the public in 2022.