{"id":623690,"date":"2026-09-22T08:04:16","date_gmt":"2026-09-22T08:04:16","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/623690\/"},"modified":"2026-09-22T08:04:16","modified_gmt":"2026-09-22T08:04:16","slug":"what-saudi-arabias-exit-means-for-china-led-mbridge-amid-global-de-dollarisation","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/623690\/","title":{"rendered":"What Saudi Arabia\u2019s exit means for China-led mBridge amid global de-dollarisation"},"content":{"rendered":"

Saudi Arabia\u2019s withdrawal from a China-led digital currency platform<\/a> would carry greater symbolic than operational significance, analysts say, highlighting pressures facing countries caught between US influence and alternatives to dollar-based payments infrastructure.In a response to inquiries from the South China Morning Post, the Saudi Central Bank said it had participated in mBridge \u2013 a multilateral central bank digital currency platform seen as an alternative to the traditional US dollar-dominated payments system<\/a> \u2013 only on a limited proof-of-concept basis, which it successfully completed on May 13 last year, after which it was \u201cno longer a participating member of mBridge\u201d.<\/p>\n

The move appeared \u201cmore significant symbolically than operationally\u201d and did not \u201cnecessarily undermine the project\u2019s viability\u201d, said Matteo Giovannini, senior finance manager at the Industrial and Commercial Bank of China.<\/p>\n","protected":false},"excerpt":{"rendered":"Saudi Arabia\u2019s withdrawal from a China-led digital currency platform would carry greater symbolic than operational significance, analysts say,…\n","protected":false},"author":2,"featured_media":623691,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[282051,57486,1083,114,1657,113673,184,3448,85,130366,46,26484,47,145717,78,5959,1348,1078,7549],"class_list":["post-623690","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-asiaglobal-fellow","tag-bank-for-international-settlements","tag-brazil","tag-business","tag-china","tag-cross-border-interbank-payment-system","tag-economy","tag-hong-kong","tag-il","tag-industrial-and-commercial-bank-of-china","tag-israel","tag-macau","tag-middle-east","tag-project-mbridge","tag-saudi-arabia","tag-south-china-morning-post","tag-thailand","tag-uae","tag-us-dollar"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/623690","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=623690"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/623690\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/623691"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=623690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=623690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=623690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}