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The Central Bank of Mauritania has enlisted the expertise of Giesecke+Devrient (G+D) to conceptualize a digital rendition of the national currency, the Ouguiya, as a complementary form of currency alongside physical cash.
G+D has been tasked with aiding the central bank in outlining the prerequisites for a national Central Bank Digital Currency (CBDC) and providing the technical infrastructure for initial testing across specified use cases.
Mohamed Lemine Ould Dhehby, Governor of the Central Bank of Mauritania, elucidated, “The Banque Centrale de Mauritanie has strategically positioned itself for the potential launch of a digital currency. Through the collaborative groundwork we have embarked upon, we are expanding our knowledge base, skills, and experience. Leveraging G+D’s expertise in this rapidly evolving field will enable us to actualize this initiative for the benefit of our entire nation.”
G+D’s involvement in CBDC ventures extends to other African countries, including analogous projects in Ghana and Eswatini.
Earlier in March, Banco do Brasil selected G+D to conduct offline payment trials as part of pilot initiatives for its central bank digital currency, Drex. This development follows a parallel endeavor undertaken in Hong Kong under the e-HKD CBDC pilot program.
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