The Central Bank of the Republic of Guinea is about to set up a digital currency. Through this reform, certain transactions will be carried out from mobile phones and electronic cards without Electronic Payment Terminal (TPE) etc.

The currency would make it possible to make purchases, to send money, or to receive it. It will be transmitted from user to user, thus allowing economic agents to make easy and safe daily payments. The decision to create a digital currency must be the subject of consultation with users in order to seek to know their expectations. The BCRG relies on speed because it does not require interbank settlement, and is therefore available 24 hours a day, 7 days a week. With such a currency, payments will be dematerialized because since the advent of Covid-19, cash payment has been undermined in most countries of the world. Moreover, the success of such a measure in the Guinean case would be based on the approach that would be taken by the monetary authorities, since changing the habits of the majority of the population would require a very extensive approach in terms of communication, especially since the enrollment rate is around 45% unless it remains only an interbank currency.