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IMF: CBDCs Can Boost Financial Inclusion and Payment Efficiency in Middle East

Started by Bitcoin, Jun 20, 2024, 05:04 am

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IMF: CBDCs Can Boost Financial Inclusion and Payment Efficiency in Middle East

IMF: CBDCs Could Boost Financial Inclusion and Payment Efficiency in Middle EastThe International Monetary Fund (IMF) says 19 countries in the Middle East and Central Asia, including Bahrain, Georgia, Saudi Arabia, and the UAE, are in the advanced “proof-of concept” stage for central bank digital currencies (CBDCs). “We support policymakers evaluating the need to issue a CBDC and help them craft strong policies and regulatory frameworks […]

Source: IMF: CBDCs Can Boost Financial Inclusion and Payment Efficiency in Middle East