China's PBOC Aims to Challenge Dollar with Digital Yuan Expansion
TL;DR Summary
People’s Bank of China Governor Pan Gongsheng envisions a future global monetary system with multiple competing currencies, reducing reliance on the US dollar, and promoting the internationalization of the yuan through financial reforms and market opening measures, amidst waning confidence in the dollar and discussions on a multi-polar currency system.
- PBOC Chief Envisions New World Currency Order After Dollar Reign Bloomberg.com
- Aiming at the Dollar, China Makes a Pitch for Its Currency The New York Times
- China’s central bank chief expects new currency order to challenge dollar Financial Times
- China talks up digital yuan in push for multi-polar currency system Reuters
- China will boost the yuan’s global reach with new operations centre, PBOC says South China Morning Post
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