Saudi Arabian Monetary Authority to launch digital currency
Saudi Arabian Monetary Authority to launch digital currency
RIYADH - Arab Today
The Saudi Arabian Monetary Authority (SAMA) is planning to implement a pilot project to issue a virtual/digital currency that will only be traded among banks.
The authority will also study the project’s positive aspects, said Dr. Ahmed Al-Khulaifi, governor of SAMA.
Addressing a recent press conference in Riyadh, he ruled out plans to issue a digital currency for trading between individuals and companies.
SAMA plans to dispense with SR1 currency notes and issue coins for this denomination instead, the governor was quoted as saying by Al-Hayat daily.
He said that SAMA was taking all steps needed for the issuance and circulation of riyal coins, which will be available at the SAMA headquarters, its branches and the entire banking sector.
Liquidity in the banking system is good, the governor added.
- Friday ,17 November GMT 00:19 2017 Saudi economic transformation to be ‘unstoppable’: Bank of America
GMT 14:51 2017 Wednesday ,13 December
Citibank: ‘We’re committed to Saudi Arabia and here to stay’GMT 14:45 2017 Sunday ,03 December
Saudi banks prepare for riyal coinsGMT 16:45 2017 Thursday ,23 November
Qatar National Bank’s link-up to Saudi payment network delayedGMT 00:41 2017 Friday ,17 November
SoftBank tipped for $25bn KSA investment in ‘unique’ dealGMT 00:19 2017 Friday ,17 November
Saudi economic transformation to be ‘unstoppable’: Bank of America
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 22:47 2017 Saturday ,22 April
Iran votes to allow presidential debates broadcast live
GMT 06:47 2017 Saturday ,11 March
‘Veiled’ attack foiled: Swiss parliamentarians reject bill
GMT 03:20 2017 Tuesday ,04 July
Customs, ROP warn public against using firecrackers in Oman
GMT 22:37 2017 Thursday ,23 February
Drama as suspects in actress attack surrender in Kerala court
GMT 05:05 2017 Saturday ,25 March
Samsung backs away from planned split
GMT 03:10 2017 Friday ,17 November
Two new hospitals for Oman: Ministry of Health
GMT 02:42 2016 Tuesday ,20 September
ERC distributes aid in Yemen's Abyan province
GMT 10:45 2016 Tuesday ,06 December
Bangladesh recall Rubel for New Zealand tour
GMT 23:57 2017 Wednesday ,01 March
Emirati to head World Meteorological Organisation’s Asia operations
GMT 23:37 2017 Saturday ,22 April
IS militant group leader killed, 10 arrested near border, says Lebanese army
GMT 07:26 2017 Wednesday ,12 April
For Palestinian family, an udder-ly unique power source
GMT 08:55 2018 Wednesday ,24 January
Philippines retains EU export perks despite 'extrajudicial killings'
GMT 10:16 2018 Monday ,22 January
Kane strikes but Spurs drop points
GMT 08:52 2018 Wednesday ,17 January
EU parliament calls for ban on electric pulse fishing
GMT 09:15 2018 Tuesday ,16 January
IMF 'concerned' by Kiev's plan for anti-corruption court
GMT 11:38 2018 Monday ,01 January
Arab-Islamic-US Summit builds close partnership
GMT 04:32 2017 Friday ,22 December
Kremlin brands US sanctions against Chechen 'illegal'
GMT 10:40 2017 Friday ,06 January
Uruguayan Parliament leader to China
GMT 01:00 2017 Thursday ,14 December
Pensioner suicide bomber behind deadly park blast
GMT 11:55 2017 Wednesday ,03 May
Radiohead expands 'OK Computer' for anniversary
GMT 15:29 2016 Saturday ,06 August
Scientists Hail 'Exciting' New Asthma Drug
GMT 15:48 2017 Saturday ,18 February
UNHCR pledges cash resettlement package to Rwandan refugees
GMT 11:49 2017 Tuesday ,21 February
Ends Sutton's FA Cup dream
GMT 00:34 2017 Monday ,24 April
Greek President, PM praise China's role in addressing common challenges
GMT 10:32 2017 Tuesday ,14 February
Dubai aims to launch hover-taxi by July
GMT 15:41 2017 Tuesday ,02 May
Dina Khaled reveals touristic history of Cairo
GMT 12:00 2017 Friday ,29 September
North Korean firms in China ordered to close by January
GMT 13:12 2016 Monday ,10 October
'Donald Trump is a pig': Roger Waters on attack at mega-fest
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor