The Saudi central bank is continuously experimenting with central bank digital currency

ChainCatcher news, the Saudi Central Bank (SAMA) announced that it is currently continuing to experiment with Central Bank Digital Currency (CBDC) while consulting with relevant international institutions, local government entities, and the public.

It is reported that the Saudi Central Bank is collaborating with local banks and fintech companies to develop a wholesale CBDC use case focused on the domestic market. The Saudi Central Bank stated that although no decision has yet been made regarding the introduction of CBDC in Saudi Arabia, it will continue to focus on exploring the advantages and potential risks of implementing CBDC. (source link)