კონფერენცია

∘ Tamar Kiladze ∘ Vazha Zeikidze ∘ Giorgi Maisuradze ∘
PROSPECTS OF DIGITIZATION OF GEL IN GEORGIA

Summary

The article analyzes the peculiarities of digital GEL issuance and circulation in Georgia. It presents the capabilities of the National Bank of Georgia to influence and control the circulation of digital GEL.

Cryptolar in Georgia will be allowed to integrate technically with major organizations such as VIZA, Mastercard, eBay, Amazon and other banking institutions. To digitize the GEL, a legal framework must first be established in the country. The second step involves implementing an appropriate technological scheme to ensure secure and efficient operation. The third step is to identify the benefits accompanying digital currency and the population's ability to utilize these advantages.

Based on these points, the article argues that the issue is highly relevant in the current stage of technological development. The development of digital technologies in the country forced the National Bank to create a digital GEL. Following the development of digital technologies in the country, the need to create a digital Lari was highlighted, because the Georgian Lari cannot be an exception in the conditions of the transition of global tax systems to crypto-currency.

In order to improve the efficiency of the tax system and the financial inclusion, the National Bank is actively working on the digital lari project. The article examines the features and perspectives of this initiative.

Ivane Javakhishvili Tbilisi State University Paata Gugushvili Institute of Economics International Scientific C O N F E R E N C E S "ECONOMY – XXI CENTURY"

E ISSN 2587 - 4691	∘ Tamar Kiladze ∘ Vazha Zeikidze ∘ Giorgi Maisuradze ∘ PROSPECTS OF DIGITIZATION OF GEL IN GEORGIA Summary The article analyzes the peculiarities of digital GEL issuance and circulation in Georgia. It presents the capabilities of the National Bank of Georgia to influence and control the circulation of digital GEL. Cryptolar in Georgia will be allowed to integrate technically with major organizations such as VIZA, Mastercard, eBay, Amazon and other banking institutions. To digitize the GEL, a legal framework must first be established in the country. The second step involves implementing an appropriate technological scheme to ensure secure and efficient operation. The third step is to identify the benefits accompanying digital currency and the population's ability to utilize these advantages. Based on these points, the article argues that the issue is highly relevant in the current stage of technological development. The development of digital technologies in the country forced the National Bank to create a digital GEL. Following the development of digital technologies in the country, the need to create a digital Lari was highlighted, because the Georgian Lari cannot be an exception in the conditions of the transition of global tax systems to crypto-currency. In order to improve the efficiency of the tax system and the financial inclusion, the National Bank is actively working on the digital lari project. The article examines the features and perspectives of this initiative.