July 18, 2024

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

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