Crude Oil
Saudi Arabia signs up with BIS- and China-led central bank digital currency job
Saudi Arabia has signed up with a. Chinadominated central bank digital currency crossborder. trial, in what could be another action towards less of the world's. oil trade being carried out in U.S. dollars. The move, revealed by the Bank for International. Settlements on Wednesday, will see Saudi's central bank ended up being a. full participant of Task mBridge, a partnership released. in 2021 between the central banks of China, Hong Kong, Thailand. and the United Arab Emirates. The BIS, a global central bank umbrella organisation which. manages the project, also announced that mBridge had actually reached. minimum feasible item phase,...