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Which country launched its first digital currency, the eNaira, in October 2021?
Which country launched its first digital currency, the eNaira, in October 2021?
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Q1
Which country launched its first digital currency, the eNaira, in October 2021?
Ghana
Nigeria
Kenya
South Africa
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Nigeria launched the eNaira, becoming the first African country to introduce a central bank digital currency.
Questions & Step-by-step Solutions
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Q
Q: Which country launched its first digital currency, the eNaira, in October 2021?
Solution:
Nigeria launched the eNaira, becoming the first African country to introduce a central bank digital currency.
Steps: 5
Show Steps
Step 1: Identify the question, which asks about a country that launched a digital currency.
Step 2: Recall that the digital currency mentioned is called eNaira.
Step 3: Remember the date when eNaira was launched, which is October 2021.
Step 4: Determine which country launched the eNaira, which is Nigeria.
Step 5: Note that Nigeria is the first African country to introduce a central bank digital currency.
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