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Saudi Arabia joins China and UAE in digital currency project.

Fri. 7 June Goldilocks on the Digital Currency Project Announcement: Saudi Arabia

joins China and UAE in digital currency project. The kingdom is joining the Switzerlandbased

Bank for International Settlements' central bank digital currency platform." Saudi

Arabia is the latest country to join this multi-country initiative utilizing wCBDC as a

form of payment. This announcement came on Wednesday as Saudi Arabia joined

Project mBridge as a “full participant.” This means that Saudi Arabia will be moving to a

wCBDC payment regimen joining many countries in the Eastern half of our world in

payments through local currencies. This will significantly minimize the use of the Petro

Dollar if not completely over time. Currently, Saudi Arabia still services the United

States along with China who uses the Petro Yuan to trade in oil agreements. This will

level the playing field a great deal in the use of currencies moving from a Petro Dollar

regimen to wCBDC payment source. Remember, well over 80% of trade around the

world is done on the water where exchange rate quotas and percentages are currently

under pressure from new demands on local currencies to begin looking at resetting their

prices. WATCH THE WATER. © Goldilocks



第435期:中沙石油交易摆脱美元限制,俄核潜艇即将抵达古巴!|【岩论】



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