Search Results for: renminbi

Dollar to Play Lesser Role Due to Its Weaponization, Monedas digitales, Economist Jeffrey Sachs Says

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Within the next decade, los Estados Unidos. dollar will play a much less dominant role than it is today, according to Jeffrey Sachs. The renowned economist listed a few factors for the diminishing status of the greenback such as its use as…

China Ready to Talk Asian Monetary Fund to Cut Dollar Dependence, Malaysia Says

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An idea to establish an Asian Monetary Fund has caught the attention of the Chinese leadership, the head of the Malaysian government revealed. The prime minister believes there is no reason for his country, which is hurting from a strong U.S….

Reporte: Chinese Company Launches Digital Currency Insurance Product

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The Suzhou branch of the Chinese insurance company China Pacific Insurance, together with the Bank of Communications, recently announced the launch of a digital currency account insurance product. The launch comes at a time when the number of personal digital currency…

Digital Real Will Be Used by Banks in Brazil as Collateral to Issue Their Own Stablecoins

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The Brazilian central bank digital currency (CBDC), the digital real, will be more of a wholesale asset instead of a public retail-focused token, according to statements from the president of the Central Bank of Brazil, Roberto Campos Neto. Campos Neto indicated…

El FMI advierte que las sanciones a Rusia amenazan con socavar el dominio del dólar estadounidense

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Las sanciones financieras impuestas a Rusia por su invasión de Ucrania pueden resultar en una reducción del dominio de EE. UU.. divisa, según un alto funcionario del Fondo Monetario Internacional (FMI). El enfrentamiento podría conducir a la fragmentación del mundo.’s current monetary…

Italian Payments Giant Nexi Involved in Digital Euro Project

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Nexi, a leading European payments company, is reportedly giving advice to the European Central Bank (BCE) related to the digital euro project. The announcement was made by Nexi’s CEO Paolo Bertoluzzo, who also gave his opinion about the future of central…