Trying to make the digital yuan more attractive for foreigners, China has added a “recharge before use” feature to its digital currency system. The upgrade
Read more
Dollar Share in Reserves Drops Below 60%, Yuan Rises, Russian Diplomat Says
The share of currencies other than the U.S. dollar and the euro in international reserves is on the rise, according to a Russian representative. The
Read more
Chinese gov’t fires up the printer — How will it impact Bitcoin price?
China enacted a number of economic stimulus initiatives to bolster its stock market, but will there be a down-the-pipeline impact on Bitcoin?
Read more
Local Currencies Are Not Alternatives to the Dollar but the System, BRICS Bank Chair Says
The development bank founded by the BRICS bloc of emerging economies aims to promote a multipolar financial system, its head, Dilma Rousseff, has indicated. As
Read more
Chinese Yuan Not Serious Threat to US Dollar Hegemony, Says Economist
An economist has dismissed the Chinese yuan as a significant threat to the U.S. dollar’s dominance. “The Chinese renminbi, which accounts for less than 3%
Read more
BRICS Bank Issues First ZAR Bonds as It Looks to Use Local Currencies
The New Development Bank (NDB), established by the BRICS bloc of emerging economies, has issued its first bonds denominated in South African rand (ZAR). The
Read more