The People’s Bank of China has tried to allay fears of a potential threat to the US dollar by saying its goal is not to replace currencies, and that its efforts are aimed at domestic use. Photo: Xinhua
The People’s Bank of China has tried to allay fears of a potential threat to the US dollar by saying its goal is not to replace currencies, and that its efforts are aimed at domestic use. Photo: Xinhua

China digital currency: e-yuan part of ‘triangle of risks’ challenging international role of euro

  • China’s plan to create a digital version of the yuan has drawn scrutiny from governments and central banks alike
  • European Central Bank Governing Council member Francois Villeroy de Galhau urged policymakers in Europe to act quickly on their own equivalent efforts

The People’s Bank of China has tried to allay fears of a potential threat to the US dollar by saying its goal is not to replace currencies, and that its efforts are aimed at domestic use. Photo: Xinhua
The People’s Bank of China has tried to allay fears of a potential threat to the US dollar by saying its goal is not to replace currencies, and that its efforts are aimed at domestic use. Photo: Xinhua
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