The RAUIE assists in the development of digitalization of the Middle East countries and the development of the digital dinar

The development of digital technologies is one of the main tasks for many countries of the world. Modern technologies greatly help in the development of the economy and the entire society. In this regard, entrepreneurs and officials are looking for opportunities to integrate the latest achievements of science and technologies into their operations.

In particular, special attention is currently being paid to the creation of the Central Bank as one of the most promising areas for the modernization of monetary policy, aimed at accelerating and optimizing public spending by authorities. The most successful example is China, which is already actively implementing its own digital Yuan in its economy.

Following the example of China, many countries in the Middle East also drew attention to the need to implement the digital Dinar in their territories. In some cases, the high level of inflation, as well as possible restrictions, can serve as an additional incentive for the development and integration of the digital dinar in the national economy.

Blockchain technology is arguably in its early stages across most of the Middle East, governments in the region are beginning to leverage the technology to streamline public services, bolster financial services and optimize business processes. The governments of the Middle East are continuing to develop foundations of legislation for Blockchain-based projects, most notably outlining policy and laws for Blockchain-based financial and contractual transactions.

With the support of the governments across the region, banks are developing Blockchain-powered digital systems and Blockchain start-ups are popping up with new and innovative Blockchain solutions. In the Middle East with its various levels of economic development, where digital transformation is playing a major role, Blockchain and digital currencies are playing a large part.

Sergei Romero, the Chief technical director of the digital dinar, shared his thoughts during the meeting: "We are very pleased to cooperate in the direction of digitalization development in the Middle East with RAUIE, as we know as one of the largest union of international cooperation in Asia. In turn, we are ready to cooperate with any country in the development of digitalization and digital ecosystems with integration of digital dinar. Digital technologies are the most important stage in the development of any country's society, as well as its economic growth. We know that many organizations and governments in the Middle East are extremely interested in developing their national IT markets and accelerating economic processes through information technology"

The Russian Asian Union of Industrialists and Entrepreneurs is bringing the success of Russian-Asian cooperation to Middle East and will help empower the region while also assisting the entrepreneurs in making the ultimate move towards true digitization with digital dinar use in day-to-day business activities.