Bahrain Central Bank to Offer a Digital Dinar
- Publish date: Monday، 06 December 2021
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Sky News Arabia reported on Sunday, the Central Bank of Bahrain plans to offer a digital Dinar through a digital payments platform which will be available around the clock.
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The central bank also aims to gradually raise the share of financing for small- and medium-sized enterprises to 20% of the financial portfolios of local banks by the end of 2025, Sky News cited the bank as saying.
Digital currencies from central banks have been on the rise as of late, with something of a conflict being set up between central banks and cryptocurrencies as banks find ways to get ahead of a new interest in independent digital coins.