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Saudi, UAE central banks work on joint digital currency plan

Saudi, UAE central banks work on joint digital currency plan

DUBAI: The central banks of Saudi Arabia and the UAE announced on Sunday plans to jointly develop a new digital currency. In a joint statement the Central Bank of the United Arab Emirates (CBUAE) and the Saudi Central Bank (SAMA) launched the ‘Aber’ project, which seeks to evaluate the feasibility of issuing a digital currency for use between the two central banks.








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