Saudi Arabia, UAE to Launch First Common Digital Currency ‘Aber’

Saudi Arabia’s and the United Arab Emirates’ (UAB) central banks have teamed up to test a new cryptocurrency.
The Saudi Arabian Monetary Authority (SAMA) and the United Arab Emirates Central Bank (UAECB) clarified that one of the objectives of launching the common digital currency project “Aber” is for use in financial settlements between Saudi Arabia and UAE through Blockchains and Distributed Ledgers technologie.

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