New ‘currency’ aims to tackle failings of its predecessors

Digital currency

A new “currency” known as Saga, or SGA, launched today (December 10). It joins a crowded field of crypto assets and stablecoins, each hoping to reinvent money.

Saga, the company that operates the SGA system, claims its offering has points of difference that could contribute to its viability. For one, it has the backing of a handful of high-profile former central bankers, including one-time Bank of Israel governor Jacob Frenkel, and former monetary policy-maker Barry Topf.

It also has a

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account