📢 Botswana Studies Launching a Central Bank Digital Currency (CBDC)

The Bank of Botswana has taken its first steps in studying the feasibility of issuing a central digital currency, according to Ruth Peetshy, Head of the Digitalization and Innovation Department.

🎯 Study Objective:

Assessing the necessity of a digital currency for Botswana.

Understanding the potential risks that digital assets may pose to the national currency (pula).

🌍 Regional Background:

Botswana joins a number of African countries that are studying or implementing similar projects:

🇿🇦 South Africa: Pilot project in progress.

🇳🇦 Namibia, 🇿🇲 Zambia, 🇿🇼 Zimbabwe: In the research and exploration phase.

⚠️ Important: Botswana has not yet made a final decision and is still in the exploratory phase.