Current Affairs - International - Discussion

The UAE achieved a major milestone by executing its first government transaction using the Digital Dirham, a central bank digital currency issued by the Central Bank of the UAE. Completed in less than two minutes through the mBridge settlement platform, the event demonstrated the nation’s readiness to adopt next-generation financial systems. This development supports the country’s broader Financial Infrastructure Transformation Programme, which aims to enhance transparency, efficiency, and financial inclusion. By embracing secure, regulated digital currency systems and collaborating with other central banks on cross-border digital settlements, the UAE continues to strengthen its position as a leading global hub for digital finance and technological innovation.