World & BusinessSaudi Arabia reportedly quits China-led cross-border currency platform
The Financial Times says the kingdom’s central bank withdrew from a programme that is part of Beijing’s effort to develop an alternative system to the dollar.
TLDR
The Financial Times reports that Saudi Arabia has quit a China-led cross-border currency platform. Separately, a September 20, 2026 post identifies the platform as mBridge, a central bank digital currency programme, and says Saudi Arabia exited after concluding its pilot phase.
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Saudi Arabia reportedly quits China-led cross-border currency platform
The Financial Times says the kingdom’s central bank withdrew from a programme that is part of Beijing’s effort to develop an alternative system to the dollar.