The plans to create and launch the country’s own CBDC were formally unveiled roughly one year ago to date, per the Central Bank of the UAE (CBUAE).
The transaction took place during a celebration marking the 50th Anniversary of the CBUAE, Economy Middle East (EME) reported. The transfer was facilitated through a blockchain-based instant payment rail system called mBridge; which is identical to the Federal Reserve’s FedNow released last year.
EME furthermore noted:
The ceremony highlighted the progress and development journey of the CBUAE over the past 50 years. The central bank has played a significant role in strengthening financial and monetary stability, driving economic growth in the UAE, and launching innovative projects as part of the Financial Infrastructure Transformation Program (FIT program) to accelerate digital transformation in the financial services sector. These initiatives are part of a broader strategy to position the CBUAE among the top central banks globally. Sheikh Mansour emphasized the commitment of the UAE’s wise leadership to strengthening the country’s position as a global financial center.
Sheikh Mansour was also briefed on the services provided by the “Aani” instant payment platform, launched by Al Etihad Payments in October 2023. The platform offers fast, convenient, and secure fund transfers based on the highest international security standards. He also witnessed the launch of “Open Finance,” a system that allows consumers to connect and share data across the entire financial ecosystem. Additionally, Sheikh Mansour attended the unveiling of the visual identity of the Ombudsman Unit called “Sanadak” (meaning “Your Support” in Arabic). This unit is the first independent unit for settling banking and insurance disputes in the Middle East and North Africa (MENA).
AUTHOR COMMENTARY
It is important to remember that even though BRICS nations and more are working overtime to get rid of the petrodollar as the world reserve currency, what they are replacing it with a basket of multiple digital currencies, which is what basically everyone is doing in concert together – which is needed as the next key stones laid for the eventual mark of the beast. It maybe a monetary and physical act, but it has spiritual connotations behind it.
For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places.
Ephesians 6:12
[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).
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BRICS is going to crush the so-called almighty dollar. I pray God protects and provides for us, gives us wisdom, and the right people to help us wherever we are.
Jacob,
Did you hear about Toby Keith’s death? That might be an interesting article. Just a thought.