The Central Bank of Mauritania (BCM) and German security technology group Giesecke+Devrient (G+D) have launched a joint project to develop a digital currency in Mauritania.
The Governor of the BCM, Mohamed Lemine Ould Dhehby, and Dr. Wolfram Seidemann, Director of G+D, signed the agreement on April 22.
Dhehby stated “The BCM is particularly relying on G+D’s expertise in this innovative and rapidly evolving field to help realize this digital transformation project, which would contribute to greater prosperity for all layers of the population, consolidate macroeconomic stability, and improve the sustainability of Mauritania’s economic growth.”
In line with the nation’s digital transformation agenda, the initiative seeks to explore the advantages of introducing a digital version of the Mauritanian Ouguiya, emphasizing the promotion of financial inclusion. G+D will play a key role in defining the digital currency’s specifications and offering technical assistance for preliminary trials of targeted applications.
