BRICS: UAE Pays China With New Digital Dirham, Ditches US Dollar

BRICS: UAE Pays China With New Digital Dirham, Ditches US Dollar

Upworthy

Published

BRICS members UAE and China settled a cross-border transaction on Monday using the new Digital Dirham sidelining the US dollar. This is the first-ever transaction made directly to China from the UAE using the new mode of payment with the Digital Dirham. The direct trade settlement was initiated by…

#brics #uae #digitaldirham #mbridge #uaecentralbank #uaes #centralbank #emiratis #digitaldirhams #usdollar

Full Article