Saudi Central Bank explores the economic impact of a digital riyal SaudiCentralBank SAMA centralbankdigitalcurrency
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!
SAMA is also in the process of reviewing policy, legal and regulatory considerations before it moves on to the next phases of its CBDC investigation within the context of the objectives of Saudi Vision 2030. The goal of the SV 2030 initiative is to reduce the kingdom’s dependence on oil, diversify its economy and develop public service sectors such as health, education, infrastructure, recreation and tourism.
As the central bank continues its CBDC research, it also plans to consult “with relative international bodies, local government entities and the public.”
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Swiss bank Cité Gestion is the first private bank to tokenize its sharesThe independent Swiss private bank Cité Gestion has become the first private bank to tokenize its own shares under Swiss law thanks to a partnership with Taurus technology.
Read more »
Bank of Canada to announce interest rate decision today, expected to hike to 4.5%Bank of Canada is set to announce its latest interest rate decision as markets widely expect the central bank to hike its key interest rate
Read more »
Bank of Canada to announce interest rate decision today, expected to hike to 4.5%Bank of Canada is set to announce its latest interest rate decision as markets widely expect the central bank to hike its key interest rate
Read more »
Bank of Canada to announce interest rate decision today, expected to hike to 4.5%Bank of Canada is set to announce its latest interest rate decision as markets widely expect the central bank to hike its key interest rate
Read more »
Bank of Canada hikes key interest rate by quarter point, says it plans to holdBank of Canada is set to announce its latest interest rate decision as markets widely expect the central bank to hike its key interest rate
Read more »
ANALYSIS | Bank of Canada likely to raise rates again Wednesday — but should it? | CBC NewsCanada's central bank is widely expected to raise its benchmark interest rate for the 8th time in a year this week, a move that will make it even more expensive to borrow money. But for the first time in almost a year, there isn't unanimous consensus among those who watch the central bank that another hike is in the cards — or even that one should be.
Read more »