I’m Chris Anstey, a senior editor for economic policy in Boston, and today we’re looking at the biggest sources of worry for the world economy. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X (platform formerly known as Twitter) via @economics. And if not yet signed up to receive this newsletter, … Read more
I’m Chris Anstey, a senior editor for economic policy in Boston, and today I’m looking at the implications of the latest read on US inflation. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X, the social media platform formerly known as Twitter, via @economics. And if you aren’t yet signed up … Read more
A new platform to expand the reach of China’s digital yuan and other central bank digital currencies is moving closer to reality, raising eyebrows among some defenders of a system long dominated by the dollar. The Beijing-backed digital prototype for sending money around the world without relying on US banks is advancing so quickly that … Read more
Almost nobody talks about digital dollars anymore. Just a couple of years ago, as cryptocurrency was peaking and China was experimenting with a virtual version of the yuan, Washington was abuzz with the idea that the Federal Reserve could create America’s own digital currency. Enthusiasm faded as people began to hash out the details. Although … Read more
Can the Renminibi Replace the Dollar (USD) as the World’s Reserve Currency? Bloomberg Source link
China sought to allay fears it wants to topple the dollar as the world’s main reserve currency as Beijing makes bigger strides in creating its own digital yuan. People’s Bank of China Deputy Governor Li Bo said the goal for internationalizing its currency is not to replace the dollar, and the efforts to create a … Read more