The UAE Central Bank is planning to issue a digital currency, in a move similar to what many central banks around the world are studying. The bank announced its key strategic directions for the period from 2023 to 2026, aiming to be among the top 10 central banks globally, and requested its partners to provide forecasts regarding their future needs from the bank, according to the Emirates News Agency (WAM).
The strategic directions of the Central Bank over the coming years include 7 goals, one of which is to issue a digital currency and support digital transformation in the financial services sector in the UAE by adopting the latest technologies in artificial intelligence and big data, as reported by the agency. The Central Bank has set July 15 as the date for partners to participate in the study launched for this purpose, titled: "Forecasts and Future Needs of Partners."
