Leaders in the Middle East, Saudi and UAE confirm Aber cryptocurrency
|- Saudi Arabia and UAE confirm discussions of Aber cryptocurrency, after initial plans set out in January.
- The two are making a push to strengthen their interbank trading facilities.
A joint cryptocurrency project between Saudi Arabia and UAE Aber digital currency will soon be launching. Prince Mohammed bin Salman, the crown prince of Saudi Arabia, recently went over to the United Arab Emirates (UAE), as part of an official visit.
It was set with the focus around the discussions of many prominent regional issues, joint policy measures, in addition to planning on a local Aber digital currency.
The partnering together will be serving as the foundation between the two Arabian monarchies, as they look set to be focusing on strengthening the interbank trading facilities. Earlier this year in January, details of Aber digital currency started emerging when the two-state entities, namely the Saudi Arabian Monetary Authority (SAMA) and the United Arab Emirates Central Bank (UAECB), started discussions on this matter.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.