Saudi Central Bank Calls for Gulf-Chinese Financial Ties
The article focused on the efforts of the Governor of the Saudi Central Bank (SAMA), Ayman Al-Sayari, in promoting financial cooperation between the Gulf Cooperation Council countries and China. Al-Sayari emphasized the importance of developing the infrastructure for payment systems and expanding digital payments, stressing that collaboration should include the exchange of expertise and joint studies, thereby enhancing the efficiency and resilience of financial systems. He also highlighted the instant settlement system "Afaq" as an example of regional progress, while exploring future opportunities for cooperation with China in payment systems, with the aim of supporting economic growth and financial integration between the region and China.
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