Saudi Central Bank still researching CBDC, but no decision on deployment
In a Jan. 23 bulletin, the Saudi Central Bank (SAMA) stated it was working on a phase of a project that “focuses on domestic wholesale CBDC use cases in collaboration with local banks and fintechs.”
SAMA stresses that although no decision has been made regarding the introduction of CBDC in the Kingdom, it continues to focus on exploring the benefits and potential risks of implementing CBDC.