PANews reported on November 12th that, according to Cryptopolitan, the UAE government completed its first nationwide transaction using the country's central bank digital currency, the "digital dirham." The transaction was jointly completed by the Ministry of Finance and the Dubai Treasury. Processed on the mBridge platform, the transaction took less than two minutes. Ahmed Ali Meftah, Executive Director of the Central Accounts Department of the Ministry of Finance, stated that this pilot program was to test operational readiness and ensure seamless technological integration with the UAE Central Bank system. Previously, in August 2025, the UAE Central Bank announced that it was preparing to launch its central bank digital currency, the digital dirham, by the end of the year.PANews reported on November 12th that, according to Cryptopolitan, the UAE government completed its first nationwide transaction using the country's central bank digital currency, the "digital dirham." The transaction was jointly completed by the Ministry of Finance and the Dubai Treasury. Processed on the mBridge platform, the transaction took less than two minutes. Ahmed Ali Meftah, Executive Director of the Central Accounts Department of the Ministry of Finance, stated that this pilot program was to test operational readiness and ensure seamless technological integration with the UAE Central Bank system. Previously, in August 2025, the UAE Central Bank announced that it was preparing to launch its central bank digital currency, the digital dirham, by the end of the year.
The UAE digital dirham was tested in its first government transaction.
PANews reported on November 12th that, according to Cryptopolitan, the UAE government completed its first nationwide transaction using the country's central bank digital currency, the "digital dirham." The transaction was jointly completed by the Ministry of Finance and the Dubai Treasury. Processed on the mBridge platform, the transaction took less than two minutes. Ahmed Ali Meftah, Executive Director of the Central Accounts Department of the Ministry of Finance, stated that this pilot program was to test operational readiness and ensure seamless technological integration with the UAE Central Bank system. Previously, in August 2025, the UAE Central Bank announced that it was preparing to launch its central bank digital currency, the digital dirham, by the end of the year.
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