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Which country launched its first digital currency, the eNaira, in October 2021?

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Question: Which country launched its first digital currency, the eNaira, in October 2021?

Options:

  1. Ghana
  2. Nigeria
  3. Kenya
  4. South Africa

Correct Answer: Nigeria

Solution: 

Nigeria launched the eNaira, becoming the first African country to introduce a central bank digital currency.

Which country launched its first digital currency, the eNaira, in October 2021?

Practice Questions

Q1
Which country launched its first digital currency, the eNaira, in October 2021?
  1. Ghana
  2. Nigeria
  3. Kenya
  4. South Africa

Questions & Step-by-Step Solutions

Which country launched its first digital currency, the eNaira, in October 2021?
  • 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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