strategy

Digital Dirham (CBDC) Strategy

Issuing bodyCBUAE
CountryUAE
RegionFederal
CBDCDigital DirhamFinancial InfrastructurePayment Systems

The Central Bank of UAE (CBUAE) launched its Central Bank Digital Currency (CBDC) Strategy, named "The Digital Dirham", as part of its Financial Infrastructure Transformation (FIT) Programme. The strategy aims to address domestic and cross-border payment inefficiencies, promote financial inclusion, and support the UAE's transition to a cashless society by implementing a CBDC.

Key requirements
  • Soft launch of mBridge to facilitate real-value cross-border CBDC transactions for international trade settlement.
  • Proof-of-concept work for bilateral CBDC bridges with India.
  • Proof-of-concept work for domestic CBDC issuance covering wholesale and retail usage.
Applies to: Entities involved in the development, implementation, and usage of the Digital Dirham, including G42 Cloud and R3.
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