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UAE Launches First-Ever Digital Dirham Payment with Dh500M Transaction

  • Publish date: Wednesday، 31 January 2024
UAE Launches First-Ever Digital Dirham Payment with Dh500M Transaction

Sheikh Mansour Bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, and Chairman of the Central Bank of the UAE, orchestrated the first-ever cross-border transaction using the UAE Central Bank's digital currency, the 'Digital Dirham.' The groundbreaking transaction, totaling Dh500 million, marked a milestone in the country's financial landscape.

Groundbreaking Transaction on 'M Bridge' Platform

Sheikh Mansour executed this historic transaction directly to China via the 'M Bridge' platform, an event coinciding with the celebration of the Central Bank's 'Golden Jubilee' and the graduation of 1,056 Emiratis from the 'Ethraa Emiratisation' program at the Abu Dhabi National Exhibition Centre.

Vision for Emirati Financial Excellence

Sheikh Mansour underscored the leadership's dedication to empowering Emirati citizens and bolstering their expertise across various sectors, particularly in the financial realm. This commitment aligns with international standards and aims to advance the nation's cultural and developmental aspirations.

Greetings to Central Bank and Ethraa Graduates

Sheikh Mansour extended congratulations to the Central Bank and the Emirates Institute of Finance staff, as well as the accomplished graduates of the Ethraa program, expressing wishes for their success in serving the nation and contributing to its ongoing progress.