The benefits of central bank digital currencies (CBDCs) include revolutionizing payments and providing faster payment efficiency, as well as improving financial inclusion. CBDCs could also help in money transmission and provide more effective monetary policy. At the...
In brief China is reducing exposure to the US dollar amidst fears of massive inflation. The country has sold over $109 billion worth of US bonds in the first half of 2020. Its upcoming digital yuan is a contender to the US dollar’s long-held global dominance....
A branch of China’s central bank is gathering old paper currency from areas deemed high-risk for the coronavirus and destroying the cash to prevent the contagion from spreading, reports said Sunday. Watch this RTD News update here: Get your limited edition RTD coin...
The Saudis want to break free from U.S. influence and hedge their bets with China and the Russians
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