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CBUAE plans to introduce digital currency as part of 2023-2026 strategy

CBUAE plans to introduce digital currency as part of 2023-2026 strategy
The central bank seeks to develop a strong and secure cloud infrastructure

UAE - Mubasher: The Central Bank of the UAE (CBUAE) is planning to issue a digital currency as part of its 2023-2026 strategy, the Emirates News Agency (WAM) reported.

The 2023-2026 strategy aims to position the CBUAE among the world's best ten central banks and support digital transformation in the financial services sector by deploying the latest technologies in artificial intelligence (AI) and big data.

The central bank also seeks to develop a strong and secure cloud infrastructure for the financial services and insurance sectors.

The strategy includes supporting the green economy in the UAE and developing a more innovative financial infrastructure.