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3232Saudi Central Bank Says Ongoing CBDC Experiment Focused on Domestic Wholesale Use Cases
https://www.digit.info/saudi-central-bank-says-ongoing-cbdc-experiment-focused-on-domestic-wholesale-use-cases/
Fri, 27 Jan 2023 12:19:51 +0000https://www.digit.info/2023/01/27/saudi-central-bank-says-ongoing-cbdc-experiment-focused-on-domestic-wholesale-use-cases/Read more]]>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, the central bank has said. Meanwhile, the Saudi Minister of Finance has said CBDCs can be a “fantastic tool” which can be used by developing countries as […]
]]>Saudi Arabia Open to Trading in Currencies Other Than US Dollar, Signaling a Shift Toward De-Dollarization
https://www.digit.info/saudi-arabia-open-to-trading-in-currencies-other-than-us-dollar-signaling-a-shift-toward-de-dollarization/
Thu, 19 Jan 2023 15:30:17 +0000https://www.digit.info/2023/01/19/saudi-arabia-open-to-trading-in-currencies-other-than-us-dollar-signaling-a-shift-toward-de-dollarization/Read more]]>After a 48-year relationship solely with the U.S. dollar, Saudi Arabia’s Finance Minister, Mohammed Al-Jadaan, said the kingdom is open to trading in currencies other than the U.S. dollar. The statements follow China’s president, Xi Jinping, urging the Gulf monarchs to accept yuan for oil, and Riyadh officials saying last March the country would consider […]
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, the central bank has said. Meanwhile, the Saudi Minister of Finance has said CBDCs can be a “fantastic tool” which can be used by developing countries as […]
After a 48-year relationship solely with the U.S. dollar, Saudi Arabia’s Finance Minister, Mohammed Al-Jadaan, said the kingdom is open to trading in currencies other than the U.S. dollar. The statements follow China’s president, Xi Jinping, urging the Gulf monarchs to accept yuan for oil, and Riyadh officials saying last March the country would consider […]