
Saudi Arabia’s central bank studying CBDC
The Saudi Central Bank (SAMA) is conducting research into Central Bank Digital Currencies (CBDCs) but has not yet announced any plans to deploy such a currency. In a recent statement, the bank stated that it is currently in the midst of a project that focuses on domestic wholesale CBDC use cases in collaboration with local banks and fintechs. However, the bank confirmed that no final decision has been made to launch a CBDC in the country. SAMA is researching various aspects of a state-issued digital currency, including its economic impact, market readiness, and the potential applications of a CBDC-based payment