Last Thursday, the first symbolic transfer of Tunisia’s new digital currency took place between the Governor of the Central Bank and the representative of the International Monetary Fund.
The first national digital currency?
Work on the official Tunisian national digital currency began a year ago,” admits the company behind the creation of the system. However, we first encountered the idea of “e-dinara” in April this year. It was then that the Tunisian government clearly expressed its approval for cashless electronic money exchange systems.
As you can see, the experiment was successful, and already today Tunisians can exchange e-dinars and pay for them in shops, cafes, and restaurants.
Just a few days ago, the first symbolic transfer of one e-dinar was carried out. At the Forex Club in Tunisia, a transaction was made between the president of the central bank of Tunisia, Marouane El Abassi, and the representative of the International Monetary Fund.
It is important to know that the e-dinar is a digital currency under the control of the Central Bank of Tunisia – CBDC (Central Bank Digital Currency). Universa, with its headquarters in Russia, is behind the creation of the system. The company claims that Tunisia became the first country in the world to introduce CBDC into the system. Some, however, claim that it was Venezuela that pioneered the launch of the “national cryptocurrency”, thanks to Petro.
Alexander Borodich, CEO of Universa, stresses that the CBDC should be separated from the cryptocurrency the translators:
Electronic banknotes must not be counterfeit. Each such banknote is cryptographically secured as its paper equivalent has a unique digital watermark. Moreover, the production of such a banknote is 100 times cheaper than printing, wasting ink, paper, and electricity.
E-dinar – CBDC
E-dinar has just started, so many places do not yet accept the digital equivalent of Tunisian dinars. This will probably happen in the next few months.
CBDC will be published in online systems, but also in the two thousand kiosks that will be built in Tunisia. After the release, the coins will be sent to our digital wallet in a browser application (soon a mobile application will be created). The exchange between users and businesses will be done by scanning the QR code.
What is interesting, Universa, as a provider of this system, receives a percentage for each transaction. The Tass agency report goes on to say that the company does not have any access to cryptographic keys or even permissions to view the registry. In addition, Tunisia is working with Universa Hub Africa to protect national sovereignty.