Henry Gao(@henrysgao):Pure coincidence, surely: Saudi Arabia announced its withdrawal—which actually occurred last year—right after Houthi strikes and Beijing’s failed push for Iran to rein them in. Turns out money is only useful if you’re alive to spend it.

Henry Gao

@henrysgao

Prof of Law @SgSMUYPHSL; Senior Fellow @CIGIonline; Board Member @AJIL_andUnbound, @JIEL_OUP, & @hinrichfdn. All views are my own. Feel free to quote.

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Henry Gao@henrysgao

2026.09.20 10:32

Pure coincidence, surely: Saudi Arabia announced its withdrawal—which actually occurred last year—right after Houthi strikes and Beijing’s failed push for Iran to rein them in. Turns out money is only useful if you’re alive to spend it.

Financial Times@FT

2026.09.20 08:36

Saudi Arabia’s central bank withdrew last year from the programme, which is part of Beijing’s efforts to develop an alternative system to the dollar. Read more: