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 12:12 2017 Monday ,21 August
Ministry holds farewell ceremony for ambassador
GMT 17:47 2017 Friday ,21 April
Abu Ghazaleh receives Liu Yandong to discuss cooperation
GMT 07:30 2017 Wednesday ,27 December
Jakarta to apply zero waste management system prior to Asian Games
GMT 11:12 2017 Saturday ,20 May
Arctic ice loss driven by natural swings, not just mankind
GMT 04:49 2017 Friday ,03 March
Latvia keen on co-operation with UAE in food safety and halal accreditation
GMT 10:50 2017 Sunday ,24 September
North Korea 'more opaque'
GMT 23:45 2017 Sunday ,12 November
Nakheel showcases diverse range of ready-to-occupy homes
GMT 13:49 2012 Friday ,07 September
The Impossible Novel: Damascene Mosaic
GMT 01:18 2017 Saturday ,23 December
Kremlin's new cyber weapons spark fears and fantasies
GMT 15:08 2017 Thursday ,04 May
Land sales dominate 47% of real estate deals in Dubai
GMT 14:43 2017 Tuesday ,24 January
Wawrinka wins grudge match at Australian Open as Venus shines
GMT 03:41 2016 Thursday ,01 December
DHA announces timings of hospitals during holiday
GMT 07:48 2016 Thursday ,01 December
Coca-Cola opens first factory in Gaza Strip after a ceremony
GMT 21:23 2017 Saturday ,18 February
ADIOC concludes to resounding success
GMT 17:51 2017 Thursday ,05 October
Suicide attack kills 13 in Pakistan
GMT 07:24 2017 Friday ,03 March
US Attorney General recuses himself from probe into Russia's role in Trump's campaign
GMT 12:07 2017 Thursday ,14 September
Iran inks deals to repair Syria's war-hit power grid
GMT 12:32 2017 Tuesday ,07 March
AA Skincare launches new aromatic natural conditioners
GMT 13:22 2017 Tuesday ,23 May
Moroccan Wadi Zam pledges to keep team’s structure in premier league
GMT 11:08 2016 Thursday ,17 November
Bahrain to participate in UN Climate Change Conference
GMT 15:50 2017 Wednesday ,01 November
Peugeot to leave Dakar after 2018
GMT 09:32 2017 Tuesday ,21 November
Man faces French trial for 'complicity' in Rwanda genocide
GMT 09:09 2016 Wednesday ,28 September
Key dates in the life of Shimon Peres
GMT 06:29 2017 Monday ,13 March
World Bank approves $150m for Morocco
GMT 12:57 2017 Friday ,28 April
Microsoft quarterly profit up 28 percent at $4.8 bn
GMT 15:26 2017 Monday ,23 January
Nigeria’s aviation sector hits turbulence
GMT 20:53 2017 Wednesday ,12 July
Turkish police kill 5 Daesh elements in central Turkey
GMT 16:32 2017 Tuesday ,14 February
Peru asks Trump to consider deporting ex-President Alejandro Toledo
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor