The Saudi Central Bank has concluded its formal participation in Project mBridge following the completion of its proof-of-concept phase. The multilateral central bank digital currency project remains co-anchored by the People's Bank of China, the Central Bank of the UAE, and the BIS Innovation Hub.
The Saudi Central Bank confirmed on September 22, 2026, that it has ended its formal participation in the mBridge cross-border digital currency platform. The initiative continues to operate with central banks from mainland China, Hong Kong, Thailand, the United Arab Emirates, and Macau. Analysts cited by the South China Morning Post noted that the exit removes the Gulf's largest economy from direct membership.
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