Istalia

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The Government launches the LiraDigitale: Istalia enters the future monetary era

A State Digital Currency to strengthen the Imperial Lira and project it into international markets

  

May 5691

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ROMULA - The Council of State approved this morning the Plan for the digital Imperial Lira, a joint project between the Ministry of Finance and the Treasury and the Imperial Central Bank of Istalia. The plan aims to introduce the LiraDigitale (LISD), the official digital currency of the Imperial State of Istalia, into the national economic system. The initiative aims to strengthen the Imperial Lira internationally and promote its diffusion into global markets, consolidating Istalia's position as one of the most advanced and digitally integrated economies in the world.

Unlike private cryptocurrencies or Viridia, the "green" currency already introduced by the Government, the Digital Lira will be a fully legal tender, issued directly by the Imperial Central Bank and backed by the value of the traditional Imperial Lira. Each LiraDigital will be equivalent to a physical Imperial Lira, maintaining a 1:1 parity ratio, and can be converted into ordinary currency or bank deposits. According to the decree, the LiraDigital will have legal tender throughout the country and will be accepted for all public payments, from state salaries to ministerial supplies, thus paving the way for a complete digitalization of the national economic system.

The new currency will be based on a permissioned blockchain, a controlled yet transparent digital network accessible only to authorized entities, such as financial institutions and public bodie, thus ensuring speed, traceability and security in every transaction. The technological platform will be developed by the reliabe VerTech, which previously developed the Viridia platform too. The Imperial Central Bank will oversee the entire system, ensuring compliance with the principles of monetary stability, data confidentiality and IT resilience.

According to Minister Secretary Marina Cantalamessa:

The LiraDigitale represents a strategic turning point for Istalia's economic future. It will not only be a technological upgrade, but a bridge between national sovereignty and global modernity.

The LiraDigitale is the symbol of trust in our currency, our economy and our institutions. Istalia enters the future strengthened by the tools of innovation.

Sources from the Ministry of Finance have also confirmed that the Government is preparing for a broad round of negotiations so that, in the future, the LiraDigitale can also be used in trade relations with partner countries, particularly for energy and technology transactions, consolidating Istalia's role as a hub for sovereign digital finance.

In parallel with the currency's launch, the Government has approved a series of complementary measures, including:

• Digitalized public payments for salaries, pensions, and government contracts that can be paid in LiraDigital;
  

• Tax incentives for businesses that adopt the currency for payments and contracts;
  

• Creation of a Digital Stability Fund, aimed at ensuring currency coverage and preventing speculation;
  

• Issuance of digital government bonds ("Digital Imperial Bonds") to attract foreign capital and consolidate the currency's reputation on international markets.
  

Analysts are calling the project an "Istalian-style Central Bank Digital Currency": a public digital currency with a blockchain component that distinguishes it from other, more rigid experiments of the past.

The Digital Lira project has engaged the ruling parties in lengthy debates and discussions, given the implications and implications this project could have on the country's economic and financial system. The New Communist Party, traditionally focused on citizen protection, the reduction of inequality, and public oversight of the economy, is particularly involved. Party sources have highlighted how many of the government's longstanding concerns, such as the centrality of the state in managing the currency and preventing speculation, have already been incorporated into the government's initiative. In particular, the PNC welcomed the provision of a free Basic Digital Wallet within the Central Bank for citizens without access to the traditional banking network, which ensures financial inclusion and the ability to participate in the new digital monetary system. The party also emphasized the need to ensure transparency and control over the use of the currency, reiterating its commitment to respecting the principles of social equity and consumer protection.

The introduction of the LiraDigital has also sparked widespread debate among economists, analysts and the public, concerned about the potential risks associated with issuing a state digital currency. Among the main concerns are banking disintermediation, excessive concentration of monetary control, surveillance and privacy risks, cybersecurity and the potential for social manipulation or restrictions on individual economic freedoms.

To address these concerns, the Government and the Imperial Central Bank have developed a package of guarantees and preventive measures that will accompany the currency's launch:

• Protection of the banking system: To prevent bank disintermediation and liquidity outflows from traditional deposits, the BCI will introduce limits on individual holdings of LiraDigital and differentiated interest rates above certain thresholds, discouraging speculative or massive use of the digital currency. Commercial banks will also retain a central role as authorized intermediaries in the issuance and management of digital wallets;
  

• Institutional balance and controlled decentralization: While remaining a public currency, the LiraDigitale will be managed through a multilevel governance system involving, in addition to the Central Bank, the Ministry of Finance, the Data Protection Authority, and the Parliamentary Commission for the Economy, thus avoiding concentrations of power and ensuring institutional balance;
  

• Prevention of digital foreign currency replacement: To prevent possible foreign digital currencies from replacing the Lira in Istalian financial circuits, digital currency controls will be strengthened and bilateral monetary partnerships with allied countries will be promoted, favoring exchanges in LiraDigitale rather than foreign currencies;
  

• Privacy and individual freedom: The LiraDigitale will be equipped with selective anonymization cryptographic protocols, allowing transactions to be traced only in the event of a judicial warrant, while preserving user confidentiality. The BCI will not have direct access to personal data nor will it be able to intervene in funds without legal authorization;
  

• Cybersecurity: The platform will be protected by a cyber defense framework integrated with the state cyber security infrastructure, providing for periodic audits, distributed redundancy systems and immediate response protocols in the event of an attack or compromise;
  

• Guarantee of economic freedom: The Government has ensured that the LiraDigitale will not be a programmable currency, ruling out any possibility of limiting purchases, donations, or legitimate economic activities. Any restrictive measures will require a legislative act and the approval of the National Congress;
  

From the academic world, decisive support for the project has come from economist Vittorio Almieri, professor at the High School of Economics of Magliano and one of the most respected contemporary economists in Istalia:

The LiraDigital combines the advantages of a stable and guaranteed currency with the flexibility of decentralized technology. It is a model that could strengthen Istalia's economic autonomy and attract international capital interested in a transparent and innovative financial ecosystem.

With the LiraDigitale, the Government is taking a further step in its agenda to strengthen and promote the Istalian Imperial Lira. Minister Cantalamessa concluded the press conference with this:

Money is a symbol of trust and today that trust also becomes digital. This is the beginning of a new era for the Istalian Lira, for the economy and for the Imperial State.