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In the digital economy, cash is no longer a useful tool, and a CBDC is the “only solution” to continue the existing monetary system, the ECB says.
Following the continuous downward slide of the Naira against other currencies, FUNMILAYO AREMU investigates why the Naira continues to perform poorly at
Risks for the U.S. dollar are mounting, leaving some market analysts assessing if the greenback hegemony is coming to an end.
Russia will likely continue to add the Chinese yuan to its foreign exchange reserves, while slashing the US dollar over the medium and long term, as it increasingly looks eastward for economic development amid stringent Western financial sanctions, especially following the Russia-Ukraine conflict, analysts said on Tuesday.
The rise of the Chinese currency is expected to speed up this year, experts say Claims in Chinese yuan amounted to $336.1 billion in the f