Central Banks Digital Currencies

Challenges and Opportunities for Central Banks in the Middle East

Central Banks face choices to implement their CBDCs. The suitable combination would require thorough analysis based on countries’ aspirations and resources. Historic case studies would assist the understanding of real-life feasibility and potential impact.

In recent years, Central Banks have been actively exploring Central Bank Digital Currencies (CBDCs), which are fueled by advancements in Distributed Ledger Technology (DLT). This has led to a surge of questions about the strengths, challenges and regional implications.

As Central Banks navigate this evolving landscape, it is crucial to grasp the design taxonomies and learn from historical CBDC case studies. These components form the basis for making informed decisions, allowing Central Banks to tailor their CBDC implementation goals.

CBDC design taxonomies would shape their architecture through the involvement of strategic decisions to identify the key problem statements and approach. Historical CBDC explorations can cater to concepts in rea-world environments, while simultaneously providing valuable knowledge.

Our report highlights the studies conducted in various jurisdictions for CBDC exploration and delves into comprehensive case studies analyzing real-world examples of CBDC initiatives, while identifying untapped areas for financial inclusivity within the Middle East. The following list briefly presents the report's coverage:

  • An overview of the money taxonomy
  • An overview of Distributed Ledger Technology (DLT) 
  • The evolution and taxonomy matrix of CBDCs
  • CBDC design approaches and their comparisons
  • Overview of the CBDC landscape in the Middle East and advanced CBDC developments
  • In-depth case studies demonstrating real-world CBDC exploration efforts
  • Opportunities for CBDC growth and exploration within the Middle East
  • Deloitte's capabilities to provide the required support to accelerate CBDC initiatives
Central Banks Digital Currencies
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