Question 1

What did China and Oman agree on regarding digital currencies?

Accepted Answer

Their central banks signed a memorandum of understanding to deepen cooperation on digital payments and legal digital currencies, plus a five-year currency swap worth 30 billion yuan against 1.5 billion Omani rial, according to the PBOC.

Question 2

Why did Saudi Arabia leave Project mBridge?

Accepted Answer

SAMA said it joined as an observing member in 2023, completed its proof of concept on May 13, 2025, and stopped participating afterward as part of the project's original roadmap.

Question 3

Which central banks still take part in mBridge?

Accepted Answer

The platform's remaining participants include the central banks of mainland China, Hong Kong, Thailand and the UAE, with the Monetary Authority of Macao integrating this year, and the digital yuan makes up about 95% of settlement volume.

SAMA

China signs digital currency pact with Oman after Saudi exits mBridge

One sharp brief.
Every day.

SAMA

China signs digital currency pact with Oman after Saudi exits mBridge

One sharp brief.Every day.

One sharp brief.
Every day.