Pilot testing of the digital som in Kyrgyzstan will begin in 2025.

The digital som, being developed as part of the National Program for the Development of the Kyrgyz Republic until 2026, is one of the key initiatives for modernizing the country's financial system.

The digital som will be the third official form of the national currency alongside cash and non-cash money. The National Bank will issue the digital som, and all three forms of money will be equivalent and interchangeable at a 1:1 ratio.

Testing of the digital som prototype is scheduled for early 2025. After successfully completing all stages of testing the technological platform, the final decision on launching the digital som is planned to be made by the end of 2026.

At the current stage, project work is underway, and the launch of the digital currency has not yet occurred. The development of the digital som is a strategic step toward creating a modern digital financial system that will ensure access to financial services, the ability to make payments without internet, and the implementation of smart contracts.

Source: fintech-retail.com