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Saudi Arabia’s central bank injects liquidity in local banks via blockchain

by CBDC Insider Staff
June 10, 2020
in Business, Middle East
Reading Time: 1min read
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Saudi Arabia’s central bank injects liquidity in local banks via blockchain
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The Saudi Arabian Monetary Authority (SAMA), the country’s central bank, has today announced that it recently injected part of liquidity in local banks via blockchain technology.
SAMA did not provide the amount of liquidity injection via blockchain, but last week the central bank decided to inject a total of 50 billion Saudi riyals (~$13.35 billion) to enable banks to support the private sector.

Continue read: https://www.theblockcrypto.com/linked/67639/saudi-arabias-central-bank-injects-liquidity-in-local-banks-via-blockchain

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