IMF Praises UAE’s Progress on Digital Dirham Development
The IMF acknowledged the UAE's progress with the Digital Dirham, part of the Central Bank’s Financial Infrastructure Transformation program.
Objectives: The Digital Dirham aims to enhance payment speed and efficiency, improve cross-border transactions, support financial inclusion, and strengthen regulatory oversight.
The IMF praised the UAE's innovative approach and highlighted the need for strong governance, cybersecurity, and interoperability between national CBDCs.
The initiative aligns with regional efforts from countries like Saudi Arabia and India. The IMF encourages international cooperation on digital money frameworks for safer, transparent global payments.
