Mauritius 🇲🇺 and #Jordan 🇯🇴
Mauritius: Mauritius is a small island nation located in the Indian Ocean, east of the African continent. It is known for its beautiful beaches, volcanic landscapes and coral reefs.
Jordan: Jordan is a country in the Middle East, bordered by Saudi Arabia, Iraq, Syria, Israel, and Palestine. It is characterized by its arid desert landscapes, ancient ruins, and the iconic Dead Sea.
Mauritius: Mauritius has a colonial history, having been under Dutch, French, and British rule at various times. It gained independence from Britain in 1968 and has since developed into a stable democracy and a hub for tourism and financial services.
Jordan: Jordan has a rich historical and cultural heritage, with significant ancient civilizations such as the Nabateans and the Romans leaving their mark on the region. It became an independent kingdom in 1946 and has maintained political stability in a volatile region.
Size and Population:
Mauritius: Mauritius covers an area of around 2,040 square kilometers (790 square miles) and has a population of approximately 1.3 million people.
Jordan: Jordan has a larger land area, spanning about 89,342 square kilometers (34,495 square miles), and has a population of around 10 million people.
Religion, Language, and Culture:
Mauritius: The majority of the population in Mauritius practices Hinduism, followed by Christianity and Islam. English is the official language, but French and Creole are also widely spoken. The culture of Mauritius is a fusion of various influences, including Indian, African, Chinese, and European traditions.
Jordan: The predominant religion in Jordan is Islam, with a significant Muslim majority. Arabic is the official language, and Islamic customs and traditions heavily influence Jordanian culture. The country also has Christian and minority religious communities.
Crypto Development and CBDCs:
Mauritius: Mauritius has been actively embracing blockchain technology and cryptocurrencies. The country has established a regulatory framework for digital assets and has been exploring the development of a central bank digital currency (CBDC) called the digital rupee. The pilot phase of the digital rupee is set to launch in November, aiming to provide a payment instrument for all, support monetary policy, and enhance financial stability.
Jordan: Jordan has also been studying the feasibility of introducing a retail central bank digital currency (rCBDC). The International Monetary Fund (IMF) has provided technical assistance, and a report on the market conditions in Jordan was released in February. The potential benefits of an rCBDC in Jordan include enhancing financial inclusion, improving the domestic payment system, and lowering the cost of cross-border transfers.
Both Mauritius and Jordan have unique geographical features, rich histories, and distinct cultural identities. In recent years, they have shown interest in exploring the potential of cryptocurrencies and CBDCs. Mauritius is moving forward with the pilot phase of its digital rupee, focusing on regulatory clarity and financial stability. Jordan, on the other hand, is still in the feasibility study phase for its rCBDC, considering the benefits and challenges it may bring. Both countries’ efforts demonstrate their willingness to embrace technological advancements in the financial sector and explore the potential benefits for their economies and societies.
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