A senior IMF official has also suggested that a global CBDC platform could cut payment costs
The IMF has been researching the evolution of CBDCs and guiding member nations about how and whether to integrate them into their respective monetary systems. Several nations in the ME&CA region, including Saudi Arabia, are exploring the use of CBDCs.
The event aligns with Saudi Arabia's Vision 2030, aiming to foster innovation and collaboration within the sector
The Arabian kingdom aims to become a global artificial intelligence leader