Saudi Central Bank Governor: We can make the transition to digital advantages.

According to a November 26 news report, Saudi central bank governor Fad al-Mubarak said at a financial security meeting on Thursday that Saudi Arabia could move to digital gains. He said the current exchange rate policy in the Gulf is similar to the digital economy, which relies on the US dollar. So we can move on to digital advantages at the local level. Al-Mubarak added that Saudi Arabia has accumulated previous experience in holding digital currencies by central banks and that digital currencies will be available in banks. In the past, it has been said that Saudi Arabia seeks to create a low cost digital bank through analog and digital operations to protect banking income in the medium term. It was also announced that Saudi Arabia would provide operational licenses to several digital banks and develop open banking plans. (Saudi gadget)