IMF Praises UAE for Advancing Digital Dirham Launch

The International Monetary Fund acknowledged the UAE’s progress in rolling out the Digital Dirham developed under the Central Bank’s Financial Infrastructure Transformation ￰0￱ recognition followed the central bank’s publication detailing the currency’s design and policy ￰1￱ Dirham’s Role According to the Central Bank the Digital Dirham aims to make payments faster and more efficient while improving cross-border ￰2￱ is positioned as a secure digital alternative that supports financial inclusion and enhances regulatory ￰3￱ Perspective The IMF described the UAE’s approach as careful and innovative noting its potential to strengthen payment connectivity across the ￰4￱ also underscored the importance of robust governance

cybersecurity standards and interoperability between national ￰5￱ Context The UAE’s CBDC program aligns with regional efforts by countries such as Saudi Arabia and ￰6￱ IMF continues to encourage cooperation on digital money frameworks to promote safer and more transparent global payment systems.