Which of the following Countries have launched a common digital currency"Aber"?
Correct answer: D. UAE and Saudi Arabia
- A. Germany and France
- B. Japan and South Korea
- C. China and North Korea
- D. UAE and Saudi Arabia
Explanation
Aber was a joint digital-currency initiative of the United Arab Emirates and Saudi Arabia for cross-border payments between their central banks. It was designed to explore blockchain-based settlement rather than replace their national currencies.
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About Global Economy
Global economy covers growth, inflation, interest rates, exchange rates, public debt, trade and employment across major economies. It also includes the work of the IMF, World Bank, WTO and central banks, along with oil and commodity prices, supply-chain disruptions, sanctions, trade agreements and the economic effects of international crises.
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