Saudi Arabian Monetary Authority
CBDCs continue to draw attention from central bankers, but panelists at an IMF event – including the Federal Reserve – do not expect to see their nations launch one soon.
The central bank claims to have distributed 'part' of a recent $13 billion bank "liquidity enhancement" using blockchain tech.
Bilateral Saudi, UAE Digital Currency Experiment Shows Benefits of Distributed Ledgers, Central Banks Say
Nov 29, 2020
A joint Saudi and UAE CBDC pilot found that a distributed payment system offers “significant improvement over centralized payment systems.”