BAKU, Azerbaijan, May 5. Introduction of digital Georgian lari will be a significant step toward improving the efficiency of Georgia's financial system, Trend reports via the Georgian Ministry of Economy.
The move will also allow to simplify payments, as well as help accelerate and move financial services of the country to a new level.
"More technology companies will enter Georgia and this will help Georgia, as far as innovations are concerned," Georgian Minister of Economy, Levan Davitashvili recently said.
Georgia first mentioned the digital lari project back in January 2022. The National Bank of Georgia said it was working on introduction of “digital Georgian lari” in the country, Vice President of the National Bank Papuna Lezhava said at the time.