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The Saudi Monetary Agency (SAMA) plans to extend its virtual currency to several banks and other countries, according to Hisham Al-Hugail, Deputy Governor of the Saudi Monetary Agency (SAMA) .
He explained that the move would occur after the end of the pilot phase with the United Arab Emirates at the end of this year, noting that the pilot phase was technical-oriented.
He pointed out that the legal and economic aspects and the way of issuing the currency would come after the pilot phase.
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