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You Searched For "digital yuan" and got 20 results


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De-dollarized payment systems are cropping up. Here's why they're unlikely to dent greenback dominance.

"The emergence of the technological capacity to drive de-dollarisation does not necessarily mean de…

Filip De Mott   


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Brazil proposes yuan guarantees in trade with Argentina amid dollar shortage

"It will be a good thing for Brazilian exporters, and it will be great news if Argentina agrees," B…

Filip De Mott   


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Argentina plans to repay some yuan borrowings from Chinese currency swap using IMF bailout money

Argentina is expected to pay the equivalent of $1.7 billion to China's central bank as soon as this…

Filip De Mott   


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The dedollarization drive is facing a confidence crisis as the yuan, ruble and Argentine peso simultaneously plummet, an analyst says

"The recent decline and volatility in the Chinese Yuan, the Russian Ruble, and to a lesser extent t…

Zahra Tayeb   


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Dollar dominance could give way to a new regime that includes the euro, yuan, CBDCs, and maybe something 'we have yet to see'

"Within the next decade or two, there is great potential for regionally-dominant currencies and a m…

Filip De Mott   


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Russia plans a digital version of the ruble after an 19% slide against the dollar this year

Russia plans a pilot scheme as soon as next month as it tries to find ways of revitalizing its econ…

Joseph Wilkins   


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Phil Rosen   


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Bitcoin, gold, and silver should jump as the Fed pivots, but China's yuan faces structural problems, Mike Novogratz says

"Gold, silver, bitcoin really all should do well if the Fed is finished hiking rates and starting t…

Filip De Mott   


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BRICS-led dedollarization should alarm the US as new members could be most aggressive against the greenback, former State Dept. official says

"It is clear that traditional US allies, such as Egypt, Saudi Arabia, and the UAE, are already expl…

Filip De Mott   


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Dollar dominance is going to stick around in global markets as there's nothing on the horizon to rival the greenback, Fed study says

"The dollar's international role, whether for trade, investment or use as a global reserve currency…

Phil Rosen   


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1 min read

Chinese state-run banks reportedly are looking to expand digital yuan usage to sales of investment funds and insurance

China Construction Bank has opened 7.23 million digital wallets for individual users, the South Chi…

Carla Mozée   


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Central bank digital currencies could be necessary for digital innovation and competition, Bank of Canada says

Central bank digital currencies could also increase and protect welfare, the Bank of Canada said in…

Sophie Kiderlin   


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3 mins read

The 'blue dollar' is booming: Argentina's lust for the buck pushed its black-market rate up 60,000% since peso parity ended in 2002

On Argentina's forex black market, the dollar recently topped 1,000 pesos for the first time. The u…

Anil Varma   


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Phil Rosen   


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Jerome Powell says Fed is doing lots of work on a digital dollar as policymakers warily eye China's digital yuan

Jerome Powell said the Fed is running experiments looking at how exactly a digital dollar might wor…

Harry Robertson   


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Republican senators want to ban Apple and Google from hosting apps that accept China's digital yuan stablecoin

Marco Rubio and Tom Cotton are two sponsors of a bill that would bar Apple and Google from hosting …

George Glover   


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China is giving away digital yuan worth $6.2 million in a Beijing lottery as it tests out its CBDC, reports say

Beijing residents can win "red packets" worth 200 yuan each in a lottery held by China's central ba…

Sophie Kiderlin   


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Russian ruble sinks to level that previously triggered emergency measures from Moscow

The last time the ruble deteriorated past the 100-per-dollar threshold, Russia's central bank hiked…

Filip De Mott   


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China's digital yuan could be used by international visitors at the 2022 Beijing Winter Olympics

The Beijing Olympics would be the first time international visitors could use the digital currency,…

Sophie Kiderlin   


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China's digital yuan pushes key US lawmakers to seek urgency from the Fed on a digital dollar that fends off global rivals

"We should be concerned about China's predatory practices," Rep. French Hill, R-Ark., told the Wall…

Brian Evans