The use of the digital dirham in government transactions raises the levels of transparency and efficiency in the government financial system

His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, said in a tweet on his official account on the “X” platform: “Today, the Ministry of Finance and Dubai Finance recorded an important step in the history of government financial transformation in the UAE, as we implemented the first government transaction using the digital dirham issued by the Central Bank, which will represent the future of the national digital currency in government and private transactions.

His Highness added: “The use of the digital dirham in government transactions embodies the Ministry of Finance’s commitment to accelerating the digital transformation in the management of public funds, and raising the levels of transparency and efficiency in the government financial system. This strategic step confirms the integration of the national financial system and supports the vision of the UAE leadership in building an advanced national digital economy based on innovation and trust.”