The Russian news agency Tass, with an article dated last November 7th, confirmed that Tunisia is the first country in the world that is moving money management on the blockchain platform; this is of interest to the Russians because it will be a Russian startup (the ICO Universa) to collaborate in the issue of the Tunisian CBDC. The same Tunisian central bank has confirmed the start of the digitization of money and the issuance of the new digital currency through the Universa blockchain, which will receive commissions on transactions made as a reward for this service, while the blockchain will be totally transparent and analyzable by the Tunisian central bank. As confirmed by Alexander Borodrich, CEO of Universa, however, we are not faced with a real cryptocurrency, since the e-dinar will circulate in the form of paper money, simply the use of the blockchain represents a further step forward in the techniques designed to reduce counterfeiting and make the issue of money less expensive and more transparent. More in detail Borodich stated that:

"Digital banknotes cannot be counterfeited, every banknote is protected by cryptography as its paper counterpart has its digital watermarks. Furthermore, the production of such a bill is 100 times cheaper as far as the printing process is concerned ”

Tunisia, therefore, will move part of its money reserves onto the blockchain platform, allowing citizens to exchange physical and digital banknotes. This will have an important impact on the country's banks, the paper money reserves, in fact, in the long run will come into the possession of the central bank, which will keep them, while the commercial banks will limit themselves to the provision of banking services. We are therefore not faced with the disappearance of cash, which indeed will probably continue to circulate in the country for a long time to come, but it is undoubtedly an intermediate step, in which each banknote in circulation will have its own "twin" (so to speak ) virtual. In practice, the operation of the e-dinar will look very much like that of a stablecoin, with the central bank holding an equal amount of banknotes in reserve for each e-dinar issued.