Turkey Prepares for a New Era with Digital Turkish Lira

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President Recep Tayyip Erdoğan introduced the Medium-Term Program (2024-2026) that will shape Turkey's future at the Presidential Complex. In the section of the program focusing on the financial sector, attention was drawn to Turkey's ongoing efforts to develop and promote its own digital currency, the Digital Turkish Lira.

President Erdoğan stated, "Our work on the Digital Turkish Lira continues, and we will share the timetable for this separately." He emphasized their commitment to expanding participation in the financial sector and supporting the Istanbul Finance Center project. Additionally, he mentioned their goal of making Istanbul a global financial hub by promoting innovation and participatory financial activities.

As part of this significant step, the Digital Turkish Lira, Turkey's own digital currency, is expected to transform the country's financial infrastructure. This transformation will enable the digitization of securities and transactions through smart contracts, ultimately making Turkey's financial markets more transparent and efficient, positioning Turkey as a competitive player on the international stage.

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