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IMF Says CBDCs Could Boost Middle East's Financial Inclusion, Payment Efficiency

The survey said that the 19 central banks in the region are exploring issuing a CBDC and the countries are mainly focused on how CBDCs can enhance financial inclusion and payment system efficiency.

By Amitoj Singh|Edited by Parikshit Mishra
Updated Jun 19, 2024, 7:24 a.m. Published Jun 19, 2024, 7:21 a.m.
The IMF is looking at crossborder payments using CBDC (World Bank/Flickr)
The IMF is looking at crossborder payments using CBDC (World Bank/Flickr)