As previously reported by Cointelegraph, the #Central #Bank of the #United #Arab #Emirates (#CBUAE) is making progress toward the full launch of its #CBDC, called the #digital #dirham for domestic and cross-border #payments. 

Bank of Baroda and Axis Bank have handled most of the #dirham payments, the sources added.

The banks, Gazprom and Rosneft did not #respond to a Reuters request for comment.

Those transactions are #mostly for oil purchases from Russian state energy giants Gazprom and Rosneft, the sources added. Bank of Baroda and Axis Bank have handled most of the #dirham payments, the sources added.

#Indian #rupee drops against UAE #dirham as RBI hikes key rate