Bangladesh has announced a pilot program for a Central Bank Digital Currency (CBDC). The initiative, led by the Bangladesh Bank, aims to modernize the country’s financial sector and promote cashless transactions.
The digital currency will be tested with select banks and businesses before a full rollout. This move aligns with global trends as countries like China and India have also begun testing CBDCs. The government hopes the program will increase financial inclusion and reduce transaction costs, contributing to the country’s long-term economic development.
