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United Arab Emirates CBDC

Research

United Arab Emirates

Central Bank(s)

United Arab Emirates Central Bank

Announcement Year

2019

Status

Research

Retail/Wholesale

Retail

Main motivation/goals of the CBDC

The FIT Programme aims to support financial services sector, promote digital transactions, and enable the UAE’s competitiveness to become the financial and digital payment hub and a centre of excellence for innovation and digital transformation through encouraging innovation and collaboration as well as competition in the financial sector.

Link to announcement

www.centralbank.ae
Timeline

Last update: February 2023

February 2023

Added data

Main motivation/goals of the CBDC: The FIT Programme aims to support financial services sector, promote digital transactions, and enable the UAE’s competitiveness to become the financial and digital payment hub and a centre of excellence for innovation and digital transformation through encouraging innovation and collaboration as well as competition in the financial sector.

Updated data

Link to announcement: www.centralbank.ae

July 2021

Status updated

None Research

Added data

Announcement Year: 2019

Retail/Wholesale: Retail

Link to announcement: gulfnews.com

Country / Region: United Arab Emirates

Central Bank(s): United Arab Emirates Central Bank

News