February 4, 2023

Saudi Central Bank still researching CBDC, but no decision on deployment By Cointelegraph

The Saudi Central Bank (SAMA) is ramping up its research into Central Bank Digital Currencies (CBDCs) but is yet to announce a deployment.

In a Jan. 23 bulletin, the bank stated it was working on a phase of a project that “focuses on domestic wholesale CBDC use cases in collaboration with local banks and fintechs.”

Official image of SAMA governor, H.E. Fahad Almubarak. Image: SAMA