Thursday, 17 April 2025 14:03

President of Kyrgyzstan signs law to launch pilot of national digital currency

President of Kyrgyzstan Sadyr Zhaparov has signed the constitutional law “On Amendments to the Constitutional Law on the National Bank,” paving the way for the introduction of Kyrgyzstan’s national digital currency, the digital som, Trend reports via the presidential administration.

The primary objective of the law is to launch a pilot project for the prototype of the digital som and formally define its status within the country’s monetary system. The National Bank holds the exclusive right to issue the digital som, determine its circulation procedures, and manage the operation of the digital som platform. It will be issued and circulated through a specialized platform operated by the National Bank.

 

"Caspian Energy Media" reports with reference to Official web-site of the President of Kyrgyzstan.

 

 

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