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Saudi Central Bank to exit "Em Bridge" in 2025
The Saudi Central Bank (SAMA) has confirmed that its participation in the "e-MBridge" project for central bank digital currencies concluded in 2025. This followed the completion of a proof-of-concept (PoC) test in May 2025 within a testing environment, without real transactions. SAMA joined the project as an observer in June 2023, alongside more than 25 banks and international institutions, with the goal of exploring the use of central bank digital currencies (CBDCs) to enhance the efficiency of cross-border payments and settlement. It was clarified that the results of the trial strengthened the assessment of the technology's feasibility, and the bank did not participate in subsequent phases after the testing was completed.
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