WebJan 29, 2024 · Saudi Arabia, UAE to Launch First Common Digital Currency ‘Aber’ Published January 29th, 2024 - 10:55 GMT The currency will be used in financial settlements between the two countries. WebJan 29, 2024 · The common digital currency called ‘Aber’ will be used in financial settlements between the two countries through blockchains and distributed …

Common Digital Currency ‘Aber’ - Latest Current Affairs for ...

WebJun 28, 2024 · Digital currency is money in an electronic form exchanged for goods and services without the use of physical money such as paper bills or coins. Technology is … WebThe Saudi Arabian Monetary Authority (SAMA) and the United Arab Emirates Central Bank (UAECB) clarified in a joint statement that one of the objectives of launching the common digital currency project " Aber" is for use in financial settlements between the Kingdom of Saudi Arabia and UAE through Blo... traditional food from bolivia

ABER: COMMON DIGITAL CURRENCY - NEXT IAS - Current Affair…

WebNov 30, 2024 · Image: ITP Media Group. The central banks of the UAE (CBUAE) and Saudi Arabia (SAMA) have officially launched a project for a common digital currency. A final report on the Aber project follows ongoing experiments and research into the initiative which is considered one of the first of its kind internationally at the level of central banks. WebJan 13, 2024 · Pros and Cons of Digital Currencies. Pros. Faster transaction times. Do not require physical manufacturing. Lower transaction costs. Make it easier to implement monetary and fiscal policy. Cons ... WebJul 12, 2024 · Saudi, UAE central banks to launch common digital currency called ‘Aber’ The Saudi Arabian Monetary Authority (SAMA) and the United Arab Emirates Central Bank (UAECB) announced the launch … traditional food from argentina