Posts tagged with: People's Bank of China

The president of the Shanghai Gold Exchange (SGE) called for a new super-sovereign currency to offset the global dominance of the U.S. dollar, which he predicted would decline long term, while gold prices rally....
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To welcome the new year, the People’s Bank of China (PBoC) is doing the same thing it did last year: trying to boost the world’s second-largest economy by reducing the total number of deposits that commercial banks are mandated to set aside...
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Central banks are going after gold in 2019, boosting holdings as economic growth slows, trade and geopolitical tensions rise, and some authorities seek to diversify their reserves away from the dollar....
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China’s central bank — the People’s Bank of China — has developed a prototype of a cryptocurrency that it could end up in circulation in the near future. It would be introduced alongside the China’s primary currency the renminbi (also called the yuan). China will be simulating possible scenarios and...
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