A year ago, Changshu, a county-level city under the jurisdiction of Suzhou, took the lead by paying all public sector workers in digital yuan, and Lin’s employer followed suit months …
So-called currency wars – as seen through Western eyes – used to be about Japan seeking to devalue the yen, South Korea the won and, more recently, China the yuan …
Governments and central banks should step up the adoption of central bank digital currencies (CBDCs) to improve cross-border payments, which are currently “expensive, slow and available to few”, said Kristalina …
As this column routinely states, discussions of money would be much more useful if the talkers actually knew what money was. So many don’t. Evidence supporting the previous claim is …