Saudi Arabia and the UAE move closer with plan to launch a digital currency
The Saudi Central Bank (SAMA) and Central Bank of the Unitd Arab Emirates (UAE) have issued a joining report onthe benefits of using a distributing payment system over a centralized payment structure.
- and have concluded a joint 1-year central bank digital currency (CBDC) pilot (‘Project Aber’)
Info via Finance Magnates, here is the link for more. A good read, check it out.