The CBUAE has unveiled a new symbol for the UAE's national currency, the Dirham, along with the announcement of the Digital ...

The UAE’s move mirrors a similar initiative in Saudi Arabia, where the Saudi Central Bank (SAMA) unveiled an official symbol ...

UAE to launch Digital Dirham by 2025, enhancing financial security, cross-border payments, and digital transactions with CBDC ...

The United Arab Emirates is set to issue its own blockchain-backed central banking digital currency (CBDC) by late 2025.

The International Monetary Fund (IMF) proposed a framework called “REDI” to deploy CBDCs and steps to promote the adoption of CBDCs. The international financial agency emphasised that raising ...

The Central Bank of the UAE (CBUAE) has unveiled a new symbol for the country's national currency, the dirham, as part of a move to strengthen the Emirates' position as a leading global financial hub.

CBDCs or central bank digital currencies are increasingly being studied by entities such as the Bank of Canada for their ...

A central bank digital currency, or CBDC, is a digital version of a region’s fiat currency, put out by the region’s monetary authority. CBDCs gained a significant spotlight in 2020 ...

To estimate the potential impact a central bank digital currency (CBDC) could have on bank liquidity, we use pre-pandemic data (January 2020) to perform a hypothetical exercise under four increasingly ...