The Central Bank of Saudi Arabia (SAMA) announced that it is continuing to conduct experiments on the Central Bank Digital Currency (CBDC), while consulting with relevant international institutions, local government entities and the public. The Saudi central bank is working with local banks and fintech companies on a domestically-focused wholesale CBDC use case. The Saudi central bank said that while it has not yet made any decision on the introduction of a CBDC in Saudi Arabia, it will continue to focus on exploring the advantages and potential risks of implementing a CBDC.