All articles tagged with #global currency
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.
China's central bank governor predicts a shift towards a multi-polar international monetary system with the renminbi competing alongside the US dollar, driven by geopolitical tensions and financial innovations, including digital currency initiatives and international cooperation.
Elon Musk says Dogecoin (DOGE) is still his favorite cryptocurrency due to its humor and dog-themed branding. He believes it would be ironic if the asset created as a joke became a global currency. Musk's support for DOGE has been influential, with his executive decision to change Twitter's icon to DOGE's logo causing a 30% price jump in April. However, he is currently facing a lawsuit from investors who accuse him of illegally promoting and pumping up the price of the meme coin.