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 16:44 2018 Thursday ,25 October
Pakistan might still need IMF help, despite Saudi bailout "Imran Khan"
GMT 05:29 2018 Wednesday ,26 September
Syria will not change its stances in support of resistance
GMT 22:52 2017 Sunday ,24 September
IOM, EU, Jordan launch EUR5.28 million border management project
GMT 23:25 2017 Monday ,18 December
Guarantees of Access to Information
GMT 18:47 2017 Sunday ,29 January
Sudanese men use Henna only twice
GMT 09:57 2017 Saturday ,12 August
Audi reveals flagship ‘A8’
GMT 04:57 2017 Tuesday ,13 June
North Korea fires Scud-class ballistic missile, Japan protests
GMT 16:19 2018 Saturday ,13 October
Seven Palestinians killed by IOF in border protests
GMT 18:14 2018 Friday ,05 October
Shura chairman congratulates Egypt's speaker
GMT 10:33 2017 Monday ,27 March
Trump taps son-in-law to head bureaucracy overhaul
GMT 16:04 2017 Monday ,26 June
Al Assad keen on closer military cooperation with Russia
GMT 23:21 2017 Wednesday ,08 March
Int'l Women's Day: Egyptian woman is first Arab female pilot to fly world's largest commercial plane
GMT 05:52 2016 Friday ,30 December
Egypt purchases 235,000 tons of Russian, Ukrainian wheat
GMT 16:08 2017 Monday ,20 November
Country music legend Mel Tillis dead at 85: publicist
GMT 21:28 2017 Wednesday ,26 July
IDB promotes connectivity for sustainable development
GMT 21:07 2016 Wednesday ,29 June
Iceland turns underdog guns on France
GMT 16:35 2017 Monday ,23 January
Serve-and-volley tennis rises from the dust in Melbourne
GMT 21:23 2017 Saturday ,28 October
Iraqi PM Abadi meets Erdogan
GMT 20:12 2017 Sunday ,17 September
4 killed in market explosion in Afghanistan
GMT 01:57 2017 Friday ,17 February
Al Bashir to step down from power in 2020
GMT 17:33 2017 Wednesday ,15 November
CM condemns terrorist attack at Pakistani checkpost
GMT 16:29 2017 Thursday ,02 March
EU court refuses case challenging Turkey migrant deal
GMT 09:27 2017 Sunday ,26 February
Cold winter blankets Afghanistan
GMT 16:50 2017 Sunday ,12 February
Duterte defends drugs war, rejects advice of ‘idiot’
GMT 13:12 2017 Sunday ,10 December
Major recall of Lactalis baby milk over salmonella fears
GMT 20:32 2017 Wednesday ,22 March
Pope Tawadros receives Lebanese PM
GMT 05:08 2017 Friday ,21 April
Financial stocks weakness weighs on Muscat bourse
GMT 23:34 2017 Monday ,02 October
Damascus, backed by ally Russia, renews assault on Aleppo rebels
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