Finance
Saudi Arabia quits China-led cross-border currency programme
The kingdom’s central bank withdrew from the programme in 2025, according to the Financial Times.
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Owen Mercer
Markets and Finance Editor
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Source: Financial Times · View original source
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Saudi Arabia’s central bank withdrew in 2025 from a China-led cross-border currency programme, according to a report by the Financial Times.
The programme forms part of China’s effort to develop an alternative to the US dollar-based financial system.
The supplied report does not identify the platform involved or give a reason for Saudi Arabia’s withdrawal.
The decision does not, on the available information, indicate a rejection of broader financial or economic ties between Saudi Arabia and China.
The Financial Times report was published on 20 September 2026.
