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Saudi Arabia Withdraws from China-Led mBridge Digital Currency Platform After Proof of Concept

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Saudi Arabia Withdraws from China-Led mBridge Digital Currency Platform After Proof of Concept

Analysed 20 Sept 2026·4 sources analysed·Saudi Arabia·Business
Saudi Arabia Withdraws from China-Led mBridge Digital Currency Platform After Proof of ConceptPreviousNext

Saudi Arabia has withdrawn from mBridge, a China-led cross-border digital currency platform, after completing its proof-of-concept phase in May 2025. The Saudi Central Bank (SAMA) stated the exit was part of its original plan and not necessarily due to US pressure. mBridge, developed with China, Hong Kong, Thailand, the UAE, and the Bank for International Settlements, aims to facilitate direct cross-border payments using central bank digital currencies, potentially reducing reliance on the US dollar and lowering transaction costs.

Sentiment
50%
TBN's observations

First-hand measurement across 3 sources

We measured how 3 outlets covered this story. No outlet gave this story a measurable political slant — there is no left–right reading to report. Overall sentiment is neutral (50/100). Lens Score 47/100.

Outlets measured: timesnow, moneycontrol, businessstandard. See how each one headlined and framed the same story in the source comparison below.

AI analysis of 3 sources · Published under editorial oversight by The Balanced News
Analysed 20 Sept 2026· How this analysis is produced· Editorial standards· Corrections

AI Analysis

Sentiment — Neutral (50/100)

Sentiment was consistent across outlets (50–50/100), indicating broadly factual reporting rather than editorialising.

Coverage timeline

businessstandard broke this story on 20 Sept, 06:37 am. Other outlets followed.

20 Sept, 06:37 am3 sources · 4 h20 Sept, 10:30 am
AI analysis by the TBN Bias Engine · beat methodology byMrunal Wange· Business & Economy Editor· editorial standards byOjas Kale
← Previous
Deloitte Urges Customer-Centric Approach for India's Cross-Border Payment Growth
Next →
Kerala Plans to Develop Kollam Port as Satellite to Vizhinjam Seaport
  1. 1
    businessstandard20 Sept, 06:37 am
    Saudi Arabia exits China-backed mBridge cross-border currency platform
  2. 2
    moneycontrol20 Sept, 06:58 am
    Saudi Arabia exits China-led mBridge digital currency platform: What it means for dollar dominance- Moneycontrol.com
  3. 3
    timesnow20 Sept, 10:30 am
    Saudi Arabia Withdraws From China-Led Digital Currency For Cross-Border Payments

Who's involved

Institutions and figures named across source coverage.

Government
Central Bank of the United Arab EmiratesReserve Bank of IndiaHong Kong Monetary AuthoritySaudi Central BankBank for International Settlements Innovation HubMonetary Authority of MacaoDigital Currency Institute of the People's Bank of ChinaBank of Thailand

Story context

Category
Business
Location
Saudi Arabia
Sources analysed
4
Last analysed
20 Sept 2026
Key entities
Bank for International SettlementsCentral bankSaudi ArabiaFinancial TimesChinaCurrencyHong KongUnited Arab EmiratesSaudi Central BankDigital currencyRiyadhForeign exchange market