Norway to test solutions for digital central bank currency

Credit: REUTERS/INTS KALNINS

Norway's central bank will test various technical solutions for a central bank digital currency (CBDC) over the next two years, it said on Thursday.

OSLO, April 22 (Reuters) - Norway's central bank will test various technical solutions for a central bank digital currency (CBDC) over the next two years, it said on Thursday.

"Central bank cash provides the payment system with a number of important attributes that may be relevant to retain and develop further by issuing a CBDC," Governor Oeystein Olsen said in a statement.

"Additional knowledge is necessary for us to be able to decide whether issuing a CBDC is appropriate," he said.

(Reporting by Terje Solsvik, editing by Gwladys Fouche)

((terje.solsvik@thomsonreuters.com; +47 918 666 70))

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