Saudi Arabia is steadily progressing towards launching a digital riyal, initially focusing on wholesale applications. Through participation in the mBridge project and collaborations with regional partners like the UAE, Saudi Arabia aims to enhance cross-border payments. While a retail CBDC launch isn't imminent, ongoing experiments and regulatory developments suggest a potential rollout around 2026 or later.from World News, Today World News, Latest International News, World Breaking News, Trending News of World - Times of India https://ift.tt/eTzhSwQ
