UAE central bank plans to introduce digital currency

UAE central bank plans to introduce digital currency
It is part of the central bank’s 2023-2026 strategy. (WAM)
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Updated 12 July 2021
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UAE central bank plans to introduce digital currency

UAE central bank plans to introduce digital currency
  • The strategy supports the digital transformation of the UAE’s financial services sector

DUBAI: The UAE central bank announced a three-year plan that includes introducing digital currency.

It is part of the central bank’s 2023-2026 strategy, state news agency WAM has reported.

The strategy supports the digital transformation of the UAE’s financial services sector, including adopting modern technology such as artificial intelligence and big data.