On October 25th, according to a report by Saudi local media Al Eqtisadiah, the Saudi Central Bank (SAMA) is exploring technologies such as blockchain and distributed ledger through the Aber digital currency project, and has not yet made any specific decisions.
The central bank revealed that the Saudi government plans to increase the share of electronic payments to 70% by 2030 to reduce its dependence on cash, and at the same time has no intention to completely eliminate paper money. SAMA is optimistic that this goal is expected to be achieved five years in advance.