No decision made to introduce digital currency — Saudi Central Bank – Saudi Gazette
- Date: 25-Jan-2023
- Source: Saudi Gazette…
- Sector:Technology
- Country:Saudi Arabia
No decision made to introduce digital currency — Saudi Central Bank – Saudi Gazette
RIYADH — The Saudi Central Bank (SAMA) stressed that no decision has been made regarding the introduction of the Central Bank Digital Currency (CBDC) in the Kingdom.
In a statement on Monday, the bank said to continue experiments on Central Bank Digital Currency as it is currently working on a phase of a project that focuses on domestic wholesale CBDC use cases in collaboration with local banks and FinTechs.
SAMA added that it continues to focus on exploring the benefits and potential risks of implementing CBDC. This will contribute to informed decision-making within SAMA and to CBDC explorations within the central banking community.
During this phase of the project, SAMA seeks to explore CBDC economic impact, market readiness, and potential robust and fast applications of a CBDC-based payment solution.
In addition, SAMA seeks to review policy, legal and regulatory considerations before moving to the next phases of the CBDC journey to contribute to achieving the objectives of Saudi Vision 2030.
The SAMA Governor Fahad Almubarak stated that local banks and payment companies will always be a cornerstone of this project and its implementation.
SAMA stated that it has engaged both local banks and FinTechs, as well as other market players and third party consulting and technology
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Saudi Arabia’s central bank (SAMA) has stated that it will continue to monitor the developments in the central bank digital currency (CBDC) space over the coming months through several experiments. https://coingeek.com/saudi-arabia-central-bank-studying-cbdc-but-mum-on-deployment-date/
Globalist essays specifically outline the need for a diminished role for the US currency as well as a decline in the American economy in order to make way for Central Bank Digital Currencies (CBDCs) and a new global currency system controlled by the IMF.
https://www.zerohedge.com/markets/dollar-collapse-now-motion-saudi-arabia-signals-end-petro-status
OPEC and Saudi Arabia are dropping the US dollar as the petrodollar and accepting any currency so this will destroy the world and we'll bring in the Central Bank digital currencies to control you for the rest of your life if you don't like something a government official says
"The Saudi Central Bank, also known as SAMA, is carrying out experiments with a central bank digital currency in cooperation with other financial institutions and fintech firms." Not a place I was expecting to be developing a central bank digital currency. https://www.arabnews.com/node/2238001/business-economy
7【サウジ】デジタル通貨の導入については一度まとめておきたい。→No decision made to introduce digital currency — Saudi Central Bank https://saudigazette.com.sa/article/629159/SAUDI-ARABIA/No-decision-made-to-introduce-digital-currency-mdash-Saudi-Central-Bank
Saudi Central Bank Tests Digital Currency
https://greatgameindia.com/saudi-central-bank-tests-digital-currency/
..a diminished role for the US currency as well as a decline in the American economy in order to make way for Central Bank Digital Currencies (CBDCs) and a new global currency system controlled by the IMF https://www.zerohedge.com/markets/dollar-collapse-now-motion-saudi-arabia-signals-end-petro-status #Revelation13 #Revelation #BibleProphecy #ENDTIMES
The Saudi Central Bank @SAMA_GOV is carrying out experiments with a central bank digital currency. Will citizens be able to use digital currency for regular everyday transactions, just as national currency being used? #globalyouthigf #youthigf @arabnews https://www.arabnews.com/node/2238001/business-economy
Saudi Central Bank Says Ongoing CBDC Experiment Focused on Domestic Wholesale Use Cases – The Saudi Central Bank (SAMA) is currently conducting experiments with digital currency, specifically focusingon using it for wholesale transactions within the
https://evoclique.com/saudi-central-bank-says-ongoing-cbdc-experiment-focused-on-domestic-wholesale-use-cases/
Saudi Central Bank continues to test its digital currency https://www.arabnews.com/node/2238001#.Y9VXRshuCs8.twitter
Globalist white papers outline a diminished role for US currency & decline in the American economy for Central Bank Digital Currencies (CBDCs) to implement a new global system controlled by the IMF. @elonmusk @joerogan @MariaBartiromo @mirandadevine
https://www.zerohedge.com/markets/dollar-collapse-now-motion-saudi-arabia-signals-end-petro-status?utm_source=&utm_medium=email&utm_campaign=1215
Saudi Central Bank Tests Digital Currency 🇸🇦
Digital currency, digital banks, and digital IDs are all on the way. Another conspiracy theory is coming to fruition. 🙄
https://greatgameindia.com/saudi-central-bank-tests-digital-currency/
#DigitalCurrency
#CBDC
#DigitalID
#ConspiracyTheories
#conspiracy
The Central Bank of Saudi Arabia is exploring uses for a central bank digital currency #MSKitMedia
https://mskit.net/?p=34693
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 of a potential launch and a brief foray into the technical a…
Saudi Arabia’s central bank says its ongoing digital currency (CBDC) experiment is currently focused on domestic wholesale uses cases
Saudi Central Bank Says Ongoing CBDC Experiment Focused on Domestic Wholesale Use Cases – Fintech Bitcoin News: http://news.bitcoin.com - Saudi Arabia’s central bank digital currency (CBDC) experiment, which is being carried out in conjunction with local… http://dlvr.it/ShYgK5
The Saudi Arabian central bank's (CBDC) experiment with digital money, which is being run in partnership with regional banks and fintechs, is now concentrated on domestic wholesale use cases, according to the central bank. In the meantime, the Saudi https://bit.ly/3HE3Ydy
Saudi Arabia's central bank digital currency (CBDC) experiment, which is being carried out in conjunction with local banks and...
Read More 👉 https://bitsellx.com/saudi-central-bank-says-ongoing-cbdc-experiment-focused-on-domestic-wholesale-use-cases/
"...outline the need for a diminished role for the US currency as well as a decline in the American economy in order to make way for Central Bank Digital Currencies (CBDCs) and a new global currency system controlled by the IMF."
https://www.zerohedge.com/markets/dollar-collapse-now-motion-saudi-arabia-signals-end-petro-status
Saudi Arabia’s central bank digital currency (CBDC) experiment is carried out in conjunction with local banks & fintechs, presently focused on domestic wholesale uses cases, saying CBDCs can be a “fantastic tool” which can be used by developing countries as a “social safety net.”
"Globalist white papers & essays specifically outline the need 4 a diminished role 4 the US currency as well as a decline in the US economy in order 2 make way 4 Central Bank Digital Currencies (CBDCs) and a new global currency system cntrld by the IMF."
https://www.zerohedge.com/markets/dollar-collapse-now-motion-saudi-arabia-signals-end-petro-status .
Saudi Arabia’s central bank digital currency CBDC experiment, which is being carried out in conjunction with local banks and FinTech's, is presently focused on domestic wholesale uses cases
#MaskEX #KSA
Saudi Central Bank Says Ongoing CBDC Experiment Focused on Domestic Wholesale Use Cases – Fintech Bitcoin News https://ift.tt/fnMKxmd
Saudi Arabia’s central bank digital currency (CBDC) experiment, which is being carried out in conjunction with local banks and fintechs, is pr…
サウジ中央銀行がデジタル通貨をテスト
https://greatgameindia.com/saudi-central-bank-tests-digital-currency/
Saudi Arabia’s central bank digital currency (CBDC) experiment, which is being carried out in conjunction with local banks and fintechs, is presently focused on domestic wholesale uses cases, t
https://gemhodlers.com/saudi-central-bank-says-ongoing-cbdc-experiment-focused-on-domestic-wholesale-use-cases-fintech-bitcoin-news/
#cryptonews #cryptocurrency
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