Saudi Arabia Joins BIS and China-Led Central Bank Digital Currency Project

LONDON (Reuters) -Saudi Arabia has joined a China-dominated central bank digital currency cross-border trial, in what could be another step towards less of the world's oil trade being done in U.S. dollars.

The move, announced by the Bank for International Settlements on Wednesday, will see Saudi's central bank become a "full participant" of Project mBridge, a collaboration launched 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 oversees the project, also announced that mBridge had reached "minimum viable product" stage, meaning it will move beyond the pro type phase.
Roughly 135 countries and currency unions, representing 98% of global GDP, are exploring central bank digital currencies, or CBDCs. But the new technologies they use makes cross-border movement both technically challenging and politically sensitive.

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https://www.usnews.com/news/technology/articles/2024-06-05/saudi-arabia-joins-bis-led-central-bank-digital-currency-trial

 

[Margery]

The movement forward with the BRICS group, the loss of the Petrodollar agreement and this could be the thing that pulls Russia's and China's economies out of the dumpster fire they are currently in. It isn't good news for the US and any other nation closely allied with America. It's the Russian and Chinese alternative to Klaus Schwab and the WEF.

Klaus and the WEF want to crash the US dollar so they can replace it with a WEF version of a world currency. Looks like they are well on the way.

Right now the BRICS and the WEF seem to be duking it out for supremacy as far as I can tell (I am SO NOT an economist!) Both have a hate on for America and the US dollar, formerly backed by petroleum, now in total chaos because it's not backed by gold or petroleum or anything of any value. One is European globalist flavour, the other is Russian/Chinese globalist flavour. Both bad.

See this thread here: US-Saudi Arabia Petro Dollar Pact Ends – Joe Biden’s Failures Are Bringing an End to Global Dollar Dominance

BRICS consisted of Brazil, Russia, India, China, South Africa which forms the name BRICS. 2 of the main drivers are Russia and China. It formed in 2006 and again it's aim is to topple the leadership of the Americans on the world stage.

This news about Saudi Arabia (who pointedly just let the Petrodollar agreement die) is significant because THEY ARE PART OF BRICS now! Along with IRAN, the UAE, Egypt and ETHIOPIA(or Cush as it's known biblically) as well as Argentina.

And as of June 4rth of this year, 2024, TURKEY WANTS TO JOIN

So we now have all the main members of the Ezekiel 38 invasion group as members of BRICS- Turkey want's to join. The only one missing is Libya (Put) but it is significant that Tunisia, Algeria and Morocco all expressed a wish to join, and they are close neighbours of Libya and Tunisia may well be considered part of Biblical Put- some think that, others don't.

In addition some other key players in Ezek 38- Sheba and Dedan (Saudia Arabia and the UAE)


The other group to keep an eye on is the Shanghai Cooperation Organization which also seems to put most of the Ezek 38 invaders in a single cooperative group.

But no war can go forward without some money to pay the armies and equip them even if their motive is stealing everything in sight from Israel. Russia, Turkey (and China as well as Iran are all in bad shape economically at the present.

I've been wondering how on earth they pull themselves out of the dumpster fire of their economies. This could be how.

Topple the US dollar (formerly the petrodollar) and replace it with another currency. This maybe how it's taking place.

After Russia and company lose big time in Ezek 38 and 39, that may be what opens up for the new and improved version of Rome, Rome 2.0 to take over control of the world's finances and take power as a globalist empire for the Tribulation.

Maybe.