Central Bank of UAE

The UAE Dirham is pegged to the USD. 

The CBUAE has been involved in CBDCs with Project Aber and also with m-CBDC bridge project.

The UAE has 99 percent Internet penetration and 88 percent have bank accouts.

It is a major world economy. The interests in CBDC are clearly displayed. 

The UAE would be well placed to further implement CBDCs.

“The Hong Kong Monetary Authority (HKMA), together with the Bank of Thailand (BOT), the Central Bank of the United Arab Emirates (CBUAE), the Digital Currency Institute of the People‚Äôs Bank of China (PBC DCI), today announced the joining of the CBUAE and the PBC DCI to the second phase of Project Inthanon-LionRock1 , a central bank digital currency project for crossborder payments initiated by the HKMA and the BOT.” CBUAE

 

By cryptorocks_editor

Editor.