To support electronic payments, the UAE plans to publish a CBDC.

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The central bank of the United Arab Emirates (UAE) plans to create a central bank digital currency for local and international payments as part of a new drive to accelerate digital transformation.

Release of a digital version of the UAE dirham, which would foster payment innovation, security, and efficiency, is one of the nine projects included in the central bank’s Financial Infrastructure Transformation Program, which was launched.

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