✉news BusinessFinance first seen 9 h ago, last 51 min ago, peak #3
Saudi Arabia's mBridge exit exposes limits of de-dollarisation
Original: Opinion | Saudi Arabia’s mBridge exit shows the limits of financial de-dollarisation
Saudi Arabia has withdrawn from mBridge, the cross-border digital currency project backed by the Bank for International Settlements that aimed to enable central banks to settle payments without the dollar. Commentators argue the move shows the limits of efforts to build alternatives to dollar-based finance, with Riyadh prioritising its currency peg and close financial ties to the United States over BRICS-style de-dollarisation ambitions.
Why now: Saudi Arabia's withdrawal from a major central bank digital currency project is being read as a setback for efforts to challenge dollar dominance in global finance.
Saudi ArabiamBridgeBank for International Settlements
Rank over time, top of the chart is #1. 8 snapshots from 9 h ago to 51 min ago.
Evidence
- Opinion | Saudi Arabia’s mBridge exit shows the limits of financial de-dollarisation · South China Morning Post
- Opinion | Saudi Arabia’s mBridge exit shows the limits of financial de-dollarisation · South China Morning Post
- Opinion | Saudi Arabia’s mBridge exit shows the limits of financial de-dollarisation · South China Morning Post
- Opinion | Saudi Arabia’s mBridge exit shows the limits of financial de-dollarisation · South China Morning Post
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