Central Bank of the United Arab Emirate

1 result about this entity

Period: 26 Oct 2022 - 26 Oct 2022

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BIS and four central banks hail pilot trials of CBDCs in cross-border FX transactions

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BIS and four central banks hail pilot trials of CBDCs in cross-border FX transactions

The Bank for International Settlements (BIS) and four central banks have completed a successful pilot of the use of central bank digital currencies (CBDCs) by commercial banks for foreign exchange transactions across borders, as part of Project mBridge.

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