Global Impact Award: Central Bank of the United Arab Emirates and Saudi Central Bank

Exterior of the Saudi Arabian Monetary Authority
Light Touch Studio
Hafid Oubrik, director of payment systems operations and development at the Central Bank of the UAE

Central banks are not traditionally known as trailblazers; stability tends to outweigh efficiency and innovation within these institutions every day. And yet, the number of central banks embarking on central bank digital currency (CBDC) projects has ballooned over the past 12 months.

In 2019, the Saudi Central Bank – known as Sama – and the Central Bank

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