Economist Stephen Jen, a former Morgan Stanley managing director, expects a shift “from a unipolar reserve currency world to a multipolar world,” with the Chinese
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Almost 50 Russian Banks Accept Yuan Deposits Amid Low Demand for Dollar Accounts
A growing number of banking institutions in Russia are offering customers the option to save in Chinese yuan. The trend coincides with declining demand for
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European bankers on digital euro: ‘ECB has no interest in users’ personal data’
While anonymity still stands as the core issue of a European CBDC, the inevitable competition with private banks also raises questions.
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‘Not the Right Time to Stop’ Rate Hikes, ECB Chief Economist Says
Current indicators suggest the European Central Bank (ECB) should raise the interest rate in May, the monetary authority’s chief economist said. Future increases will depend
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BRICS Currencies to Have No Alternative, Former Russian President Medvedev Says
Fiat currencies of BRICS member states will have no alternative in the future, according to former President of Russia Dmitry Medvedev. Nations in the bloc
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ECB considers digital euro access, distribution in third design progress report
The digital euro, if it is created, will be available to Eurozone users first through familiar onboarding procedures.
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