As part of the first-phase efforts of the Digital Turkish Lira Project led by the Central Bank of the Republic of Turkey (CBRT) , the initial payment transactions on the Digital Turkish Lira Network have been successfully conducted. The CBRT, in collaboration with technology stakeholders, will continue its limited-scale and closed-loop pilot application tests in the first quarter of 2023. The findings obtained from these tests will be shared with the public through a comprehensive evaluation report.

In 2023, the Digital Turkish Lira Collaboration Platform will be expanded with the participation of selected banks and financial technology companies and will move to advanced phases where pilot tests will be carried out with broad participation. In this context, tests of unique architectural constructs designed for the use of distributed ledger technologies in payments ecosystems and integration with instant payment systems will continue.

Studies on the legal aspects of the Digital Turkish Lira show that digital identification is of critical importance for the project. Therefore, studies on the technological requirements as well as the economic and legal framework of the Digital Turkish Lira will be prioritized throughout 2023.

This information is presented to the public.