Sheikh Mansour Bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Chairman of the Presidential Court, and Chairman of the Board of the Central Bank of the UAE, made a groundbreaking move. He initiated the inaugural cross-border transaction using the UAE Central Bank’s digital currency, ‘Digital Dirham,’ totaling Dh500 million.

Sheikh Mansour executed this historic transaction directly to China through the ‘M Bridge’ platform. This momentous event took place during the celebration of the ‘Golden Jubilee’ of the Central Bank’s establishment and the graduation of 1,056 Emiratis from the first batch of the ‘Ethraa Emiratisation’ program at the Abu Dhabi National Exhibition Centre.

Sheikh Mansour stressed the leadership’s strategic dedication to strengthening the UAE’s position as a global financial hub. He highlighted the crucial role of the Central Banks in promoting financial and monetary stability, enhancing efficiency and flexibility in the financial system, and driving economic growth to support developmental initiatives in the country.

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Shaikh Mansour’s vision: Nurturing Emirati talent for financial excellence and national progress

Sheikh Mansour also highlighted the leadership’s commitment to empowering Emirati citizens and enhancing their expertise across various fields. This dedication aims to supply the financial sector with well-qualified national talents, in line with international standards, contributing to the country’s overall cultural and developmental advancements, he added.

Shaikh Mansour extended congratulations to the Central Bank and the Emirates Institute of Finance staff, along with the accomplished graduates of the inaugural Ethraa program. He wished them success in serving their country and contributing to its ongoing progress.

During the occasion, the Vice-President was briefed on the displays in the ‘Innovative Projects’ Pavilion organized by the Central Bank’s subsidiaries.

Shaikh Mansour witnessed a milestone with Al Etihad payments launch and successful inaugural transaction

He also observed the introduction of Al Etihad Payments company and an initiative that manages the local payment card system. The inaugural successful financial transaction was conducted using the payment card, which features unique specifications.

Shaikh Mansour also received information about the services offered by the Aani instant payment platform, launched by Al Etihad Payments in October 2023, along with the supervisory technology project ‘Subtech’.

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