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Does the Great Reset involve the rise of the digital yuan, fall of the dollar? - Vimarsana News

Does the Great Reset involve the rise of the digital yuan, fall of the dollar?

By: Andrew Moran The global economy is in the early days of digitalizing currencies. Central banks worldwide are either in the infancy period of transitioning to digital money or deliberating digitalization’s pros and cons. After a couple of trials in the post-coronavirus recovery, China is placing its bets on the digital yuan, advancing its scope and reach to become the kingpin of fiat money. But market analysts are only now beginning to show an interest in the virtual yuan, potentially out of fear that it could threaten and undermine the U.S. dollar and inflate its standing among interna...

China's RMB in a More Diversified Global Economy-529076 - Vimarsana News

China's RMB in a More Diversified Global Economy-529076

We just waved goodbye to a topsy-turvy year 2020, before a volatile 2021 embraces us right ahead. And maybe in nowhere is the volatility more keenly felt than in the global financial market, which has been on a roller coaster ride since the onset of Covid-19. The first 3 months of 2020 saw

China-Bangladesh bilateral currency cooperation enjoys broad prospects - Vimarsana News

China-Bangladesh bilateral currency cooperation enjoys broad prospects

China-Bangladesh bilateral currency cooperation enjoys broad prospects Source: The Financial Express Published: 2020/12/28 9:59:00 Chinese Ambassador to Bangladesh Li Jiming Photo: Courtesy of the Chinese Embassy in BangladeshIn recent years, the cross-border use of the Renminbi (RMB) has sustained rapid growth, and has maintained robust growth this year even despite the impact of the Covid-19 that has severely hit global trade, finance and economy. Overtaking the US, China became the world's largest trading nation in 2013, and the largest foreign direct investment (FDI) destination in 20...