“Bahrain’s appetite for digital wallets is growing where significant steps have been made in realizing the nation’s vision to become a technology pioneer. The Kingdom has been working towards a successful digital economy by building a proper ecosystem provides a network of connected entities form CBB to banks, to telecommunication companies, to merchants and consumers.” CBB

Central Bank of Bahrain

The CBB maintains monetary policy and the national currency is the Bahraini Dinar which is pegged to the USD.

The CBB is acting as an observer on R3’s CBDC Working Group.

The CBB did report a strong interest in digital wallets. Although there is no specific plan to launch a CBDC there is some underlying interest.

 

 

 

 

 

 

 

 

 

  

 

 

By cryptorocks_editor

Editor.