Saudi Arabia Joins CBDC mBridge to End US Dollar Dominance? Mohammed Bin Salman Great Strategy Game
Published 2024-06-11
Is Saudi Arabia signaling the end of the petrodollar system with its participation in the mBridge project?
In this video, we dive deep into the recent news of Saudi Arabia becoming a full participant in mBridge, a blockchain-based platform designed as an alternative to the SWIFT payment system. We explore the potential impact on the US dollar's dominance in oil trade and analyze Saudi Arabia's strategic goals behind this move.
Here's what we'll cover:
What is mBridge and how does it work?
Why did Saudi Arabia join mBridge? (Vision 2030 and trade diversification)
Will mBridge dethrone the petrodollar? (A nuanced analysis)
Can Saudi Arabia maintain a balancing act with the US and China?
The future of global trade and payment systems
Join the discussion! Leave a comment below and share your thoughts on whether mBridge signifies a major shift in the global financial landscape.
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