The development of digital currency (CBDC) was included in the development strategy of the Central Bank of the country for 2023-2026.
CentralBank of the United Arab Emirates announceddevelopment of its own national digital currency (CBDC), according to the Emirates News Agency. According to the agency, the creation of its own digital currency is included in the development strategy of the regulator for 2023-2026. The main goal of the new strategy of the Central Bank of the UAE is to enter the top ten central banks in the world.
The UAE Central Bank has already collaborated with the Saudi Arabian authorities to create a prototype of a national digital currency using blockchain technology. The project of the two countries was named Aber.
Now the closest to releasing your ownthe national digital currency is China. The exact launch date of the digital yuan is unknown. But China is preparing to use the national digital currency in Beijing during the 2022 Winter Olympics. Sun Guofeng, head of the monetary policy department of the People's Bank of China, spoke about this in October 2020.
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