{"id":57655,"date":"2022-02-14T09:50:12","date_gmt":"2022-02-14T07:50:12","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=57655"},"modified":"2025-09-04T12:48:42","modified_gmt":"2025-09-04T09:48:42","slug":"jamaica-outlines-cbdc-launch-timeline","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/jamaica-outlines-cbdc-launch-timeline\/","title":{"rendered":"Jamaica outlines CBDC launch timeline"},"content":{"rendered":"<p>Jamaica plans to issue a central bank digital currency (CBDC) in 2022, Prime Minister Andrew Holness said.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">The Bank of Jamaica will roll out our own digital Jamaican dollar in 2022 after a successful pilot during 2021.<\/p>\n<p>\u2014 Andrew Holness (@AndrewHolnessJM) <a href=\\\"https:\/\/twitter.com\/AndrewHolnessJM\/status\/1491817398235803653?ref_src=twsrc%5Etfw\\\">February 10, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>&#8220;The Bank of Jamaica will roll out its own digital Jamaican dollar in 2022 after a successful pilot project in 2021,&#8221; wrote Holness.<\/p>\n<\/blockquote>\n<p>According to him, this will form the backbone for the architecture of digital payments and will help &#8220;expand access to financial services, increase transaction speeds while lowering the cost of banking services&#8221; for citizens.<\/p>\n<p>Earlier in March 2021, the country\u2019s finance minister Nigel Clarke said that the government <a href=\"https:\/\/forklog.com\/en\/news\/jamaica-plans-to-launch-a-central-bank-digital-currency-in-2022\">vital to restoring the economy after the pandemic<\/a>.<\/p>\n<p>In July, the Bank of Jamaica announced <a href=\"https:\/\/forklog.com\/en\/news\/jamaica-to-launch-cbdc-pilot-in-august\">a pilot rollout of the CBDC system<\/a>. The National Commercial Bank was the first participant in the tests.<\/p>\n<p>In the following month, <a href=\"https:\/\/forklog.com\/en\/news\/jamaica-conducts-pilot-launch-of-national-digital-currency\">the regulator announced the release of the first tranche of the national digital currency<\/a> as part of testing.<\/p>\n<p>Subscribe to ForkLog&#8217;s channel on <a href=\\\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jamaica plans to issue a central bank digital currency (CBDC) in 2022, according to Prime Minister Andrew Holness.<\/p>\n","protected":false},"author":1,"featured_media":57656,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1095,2148],"class_list":["post-57655","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cbdc","tag-jamaica"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/57655","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=57655"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/57655\/revisions"}],"predecessor-version":[{"id":57657,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/57655\/revisions\/57657"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/57656"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=57655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=57655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=57655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}