Saudi Arabia reportedly left China-led cross-border currency platform in 2025

The Financial Times reports that the kingdom’s central bank withdrew from a programme that is part of China’s effort to develop an alternative system to the dollar.

2 Sources, 10d ago, first seen 10d ago

TLDR

Saudi Arabia’s central bank withdrew in 2025 from a China-led cross-border currency platform, the Financial Times reports. The newspaper describes the programme as part of China’s effort to develop an alternative system to the dollar.

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2 Sources, first seen 10d ago

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Replies criticized the Financial Times for publishing outdated news about Saudi Arabia withdrawing from the mBridge platform last year, while a few accounts welcomed the move as a win for the dollar and US ties.

Based on 55 sentiment-bearing replies from 50 accounts across 2 conversations.