IMF Praises UAE for Advancing Digital Dirham Launch

IMF has commended the UAE for its Digital Dirham launch, calling the project a step forward in cross-border payment innovation.

The International Monetary Fund acknowledged the UAE’s progress in rolling out the Digital Dirham, developed under the Central Bank’s Financial Infrastructure Transformation program. The recognition followed the central bank’s publication detailing the currency’s design and policy goals.

Digital Dirham’s Role
According to the Central Bank, the Digital Dirham aims to make payments faster and more efficient while improving cross-border transactions. It is positioned as a secure digital alternative that supports financial inclusion and enhances regulatory oversight.

IMF Perspective
The IMF described the UAE’s approach as careful and innovative, noting its potential to strengthen payment connectivity across the Gulf. It also underscored the importance of robust governance, cybersecurity standards, and interoperability between national CBDCs.

Broader Context
The UAE’s CBDC program aligns with regional efforts by countries such as Saudi Arabia and India. The IMF continues to encourage cooperation on digital money frameworks to promote safer and more transparent global payment systems.