You Searched For "digital yuan" and got 20 results
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2 mins read
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
1 min read
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
1 min read
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
2 mins read
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
2 mins read
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
1 min read
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
3 mins read
While the US explores digital currencies, China's eYuan is already in 15 cities. But experts say Beijing and Washington aren't actually competing in the same race.
Experts break down how the currencies of the world's two largest economies compete, and why they ea…
Phil Rosen
1 min read
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
2 mins read
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
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
2 mins read
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
2 mins read
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
2 mins read
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
1 min read
Euro payments suffered the worst hit in 10 years last month amid the war in Ukraine, while Chinese-yuan transactions also declined as the US dollar remained dominant
During March, the global share of euro and yuan transactions dropped, while the dollar held on to t…
Phil Rosen
2 mins read
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
1 min read
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
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
2 mins read
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
1 min read
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
1 min read
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…