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SAMA

Saudi Arabia’s central bank studying CBDC but mum on deployment date

Wahid Pessarlay

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28 January, 2023

Saudi Arabia’s central bank studying CBDC but mum on deployment date

Saudi's central bank noted that the early stages of the state-backed digital currency experiments would involve reviewing the legal implications...

Saudi Arabia exploring blockchain and CBDC to reduce cash usage

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29 October, 2021

Saudi Arabia exploring blockchain and CBDC to reduce cash usage

Saudi Arabia Monetary Authority has been active in CBDC research as it seeks to digitize payments, although it has no...

Saudi Arabia uses blockchain to inject funds into local banks

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10 June, 2020

Saudi Arabia uses blockchain to inject funds into local banks

Saudi Arabia’s central bank has revealed that it used blockchain to inject liquidity into local banks as part of its...

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