Designing and Introducing a Parallel Currency in the UAE

Overview

This research explores the concept of introducing a parallel currency in the United Arab Emirates (UAE), a supplemental monetary system that would operate alongside the official national currency. The study examines potential benefits, challenges, and key considerations, including design, implementation, financial impact, and legal frameworks. By analyzing international case studies and applying economic theory, the project aims to provide insights into the feasibility and potential effects of a parallel currency system in the UAE.