The Central Bank of the UAE announced its intention to issue a digital currency within the framework of its strategic directions during the period from 2023-2026.
According to the Emirates News Agency, the Central Bank said that it seeks through its plan to be one of the top 10 central banks in the world, asking its partners to provide it with their expectations regarding the future needs of The bank.
The Central Bank stated that its strategy directions in the coming years include 7 goals, including issuing a digital currency and supporting digital transformation in the financial services sector in the UAE by following the latest technologies. in artificial intelligence and big data.
The strategy includes the use of technology in regulatory and insurance systems, in addition to the use of a digital identity infrastructure, to enhance financial inclusion and access to financial services faster and better.
He referred to the goal of developing a strong and secure financial cloud infrastructure for the services of the financial and insurance sectors, adding that the strategy includes supporting the green economy in the UAE and continuing to develop infrastructure More innovative financial resources to support the state’s competitiveness in this field.
The Central Bank has set the current date of July 15 for the partners to participate in the study that it launched for this purpose under the title "Expectations and future needs of the partners."
