Botswana is exploring digital currency to modernize its financial system, boost inclusion, and keep pace with global trends.
The Bank of Botswana has begun a feasibility study to assess whether the country should launch a central bank digital currency (CBDC).
This move is part of Botswana’s push to adopt new financial technologies, following a global shift toward digital currency solutions.
If introduced, the CBDC could:
• Make financial transactions faster, safer, and more accessible
• Improve financial inclusion, especially in rural areas with limited banking access
• Enhance monetary policy and support cross-border trade
The study will carefully examine:
• Technical needs
• Legal and economic impacts
• Effects on existing banks and consumers
• Cybersecurity, to protect user data and digital assets
No final decision has been made yet. The central bank plans to gather input from:
• Financial institutions
• Technology partners
• The public
Botswana’s approach is cautious and locally focused, aiming to align any digital currency with national priorities and global best practices.
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