Monday, January 30, 2023

Saudi Central Bank still researching CBDC, but no decision on deployment By Cointelegraph

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The Saudi Central Bank (SAMA) is ramping up its research into Central Bank Digital Currencies (CBDCs) but is yet to announce a deployment.

In a Jan. 23 bulletin, the bank stated it was working on a phase of a project that “focuses on domestic wholesale CBDC use cases in collaboration with local banks and fintechs.”

Official image of SAMA governor, H.E. Fahad Almubarak. Image: SAMA