Mauritania has partnered with German tech company Giesecke+Devrient (G+D) to design its central bank digital currency (CBDC).
The Banque Centrale de Mauritanie partnered with Germany’s G+D to explore a potential CBDC, dubbed the digital ouguiya, amid the World Bank and IMF’s Spring Meetings in Washington. Although not committed to development, the collaboration aims to assess the societal and economic benefits. If pursued, G+D will aid in defining CBDC requirements and provide technical solutions. With over 75% unbanked and limited financial access, Mauritania eyes digital currency to enhance financial inclusion. Government involvement underscores the initiative’s strategic importance in advancing digital financial infrastructure.
