Saudi Arabia and UAE to launch common digital currency ‘Aber’

Saudi Arabia and UAE to launch common digital currency 'Aber'

The United Arab Emirates Central Bank (UAECB) and the Saudi Arabian Monetary Authority (SAMA) announced in a joint statement the launch of the common digital currency project ‘Aber’. The main purpose is to use it in financial settlements between the two countries through Blockchains and Distributed Ledgers technologies.

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