On January 29, Sheikh Mansour Bin Zayed Al Nahyan, Chairman of the Board of the Central Bank of the UAE, conducted the first-ever cross-border payment using the UAE Central Bank's digital currency, the 'Digital Dirham.' The transaction, amounting to Dh50 million, was executed through the innovative 'mBridge' platform, connecting the UAE directly with China.

The historic cross-border transfer to China took place during the celebration of the 'Golden Jubilee' of the establishment of the Central Bank. Sheikh Mansour emphasized the strategic commitment of the UAE's leadership to solidify the nation's position as a global financial hub and the pivotal role of the Central Bank in fostering financial and monetary stability.

The event also involved the 'Innovative Projects' Pavilion, where the Central Bank's subsidiaries showcased their initiatives. Sheikh Mansour witnessed the launch of Al Etihad Payments company and the first successful financial transaction using the local payment card system. These initiatives reflect the UAE's commitment to staying at the forefront of financial technology and innovation.