Tag: yuan
New weighting in the currency basket: IMF punishes euro for Chinese yuan
New weighting in the currency basket IMF punishes euro for Chinese yuan 05/15/2022, 11:07 p.m The Chinese yuan is gaining popularity with the International Monetary Fund (IMF). The global financial…
China shuns Bitcoin but loves its digital yuan
Taxes in digital yuan please! – With repeated bans, if there is one thing that is certain it is that China does not like the Bitcoin (BTC). Thus, there is…
“The war in Ukraine will accelerate the rise of the yuan internationally and the decline of the king dollar”
The series of punitive measures taken by the West against Russian financial institutions could have a collateral effect: encourage emerging countries to turn away a little more from the dollar.…
China’s digital yuan could compete with the dollar
© Reuters Investing.com – Richard Turrin, author of Cashless, a tech analyst and former banker, says China’s future digital yuan is set to challenge the dollar’s dominance in international trade…
Crypto: China’s central bank launches digital yuan wallet
© Reuters Investing.com – As China’s central bank ramps up efforts to create a digital currency, the country has released a pilot edition of its yuan digital wallet app on…
“The digital yuan, a technological revolution, can be a crisis accelerator in China”
Tribune. China is about to take a new step in the deployment of the digital yuan. It has been tested in four pilot cities since April 2020, with success. In…