✉news BusinessFinance first seen 4 h ago, last 44 min ago, peak #3
Saudi Arabia's mBridge exit highlights de-dollarisation limits
Original: Opinion | Saudi Arabia’s mBridge exit shows the limits of financial de-dollarisation
Saudi Arabia has reportedly stepped back from Project mBridge, the central bank digital currency platform led by the Bank for International Settlements that aims to enable cross-border payments outside the dollar system. A South China Morning Post opinion column argues the move shows that de-dollarisation efforts face practical limits, as the dollar's dominance in trade and finance remains difficult to displace.
Why now: Saudi Arabia's withdrawal from a major alternative payments project is being read as a setback for efforts to reduce global reliance on the dollar.
Saudi ArabiaProject mBridgeBank for International SettlementsSouth China Morning Post
Rank over time, top of the chart is #1. 5 snapshots from 4 h ago to 44 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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