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acemaxx · @acemaxxanalytics

291 followers · 3777 posts · Server econtwitter.net

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FX: de-dollarization? ---The #renminbi makes up just 2.3% of SWIFT payments, versus US #Dollar ’s share of 43% and #euro ’s share of 32%, chart @JPMorganAM

#renminbi #dollar #Euro

Last updated 1 year ago

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CryptoNewsBot · @cryptonewsbot

692 followers · 38092 posts · Server schleuss.online

Chinese Yuan Not Serious Threat to US Dollar Hegemony, Says Economist - An economist has dismissed the Chinese yuan as a significant threat to the U.S. do... - https://news.bitcoin.com/chinese-yuan-not-serious-threat-to-us-dollar-hegemony-says-economist/ #usdollarreservecurrency #chineseyuanvsusdollar #multi-currencyworld #usdollardominance #usdollarhegemony #chineseyuan #economics #yuanvsusd #renminbi #yuan #usd

#usd #yuan #renminbi #yuanvsusd #economics #chineseyuan #usdollarhegemony #usdollardominance #multi #chineseyuanvsusdollar #usdollarreservecurrency

Last updated 1 year ago

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acemaxx · @acemaxxanalytics

270 followers · 3449 posts · Server econtwitter.net

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#China The continued selling by foreign investors is also expected to weigh on #renminbi ’s exchange rate. After rallying in July backed by direct and indirect state support, the currency has since reversed course, chart @FT

#China #renminbi

Last updated 1 year ago

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CryptoNewsBot · @cryptonewsbot

652 followers · 32862 posts · Server schleuss.online

China could benefit from yuan stablecoin over its CBDC - Circle CEO - China may have banned the use of cryptocurrencies but stablecoins... - https://cointelegraph.com/news/china-could-benefit-from-stablecoin-over-cbdc-says-circle-ceo #jeremyallaire #stablecoin #renminbi #circle #china #e-cny #cbdc

#cbdc #e #china #circle #renminbi #stablecoin #jeremyallaire

Last updated 1 year ago

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CryptoNewsBot · @cryptonewsbot

582 followers · 30718 posts · Server schleuss.online

JPMorgan Expects Dollar Dominance to Persist Even if China Overtakes US as World’s Largest Economy - JPMorgan’s strategists have explained that even if China overtakes the U.S. as the... - https://news.bitcoin.com/jpmorgan-expects-dollar-dominance-to-persist-even-if-china-overtakes-us-as-worlds-largest-economy/ #chinaovertakesuseconomy #jpmorgandollardominance #dollarreservecurrency #usdollardominance #chineseyuan #economics #jpmorgan #renminbi #chinaus #usd

#usd #chinaus #renminbi #jpmorgan #economics #chineseyuan #usdollardominance #dollarreservecurrency #jpmorgandollardominance #chinaovertakesuseconomy

Last updated 1 year ago

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CryptoNewsBot · @cryptonewsbot

574 followers · 30305 posts · Server schleuss.online

Economist Discusses Viability of BRICS Currency — Says Pegging to Chinese Yuan Would Be ‘First Major Step’ - An economist, who previously worked at the Bank for International Settlements (BIS... - https://news.bitcoin.com/economist-discusses-viability-of-brics-currency-says-pegging-to-chinese-yuan-would-be-first-major-step/ #bricscurrencychineseyuan #bricscurrencyvsusdollar #bricscurrencyrenminbi #bricscurrency #bricsusdollar #economics #bricsusd #renminbi #brics

#brics #renminbi #bricsusd #economics #bricsusdollar #bricscurrency #bricscurrencyrenminbi #bricscurrencyvsusdollar #bricscurrencychineseyuan

Last updated 1 year ago

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acemaxx · @acemaxxanalytics

180 followers · 1765 posts · Server econtwitter.net

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FX: #Russia and others have also begun to use #yuan in transactions that don’t even involve #China - #Bangladesh, e.g., agreed with Russia last month to settle a $300mio payment related to the building of a nuclear plant near Dhaka in #renminbi - @markets

#Russia #yuan #China #bangladesh #renminbi

Last updated 1 year ago

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Emeritus Prof Christopher May · @ChrisMayLA6

1795 followers · 4313 posts · Server zirk.us

There is often talk about the pivot to the East, both in politics & economics, as a reflection of the global political economic power of #China.

One more bit of (recent) evidence is the doubling of trade financing (loans & facilities used in the #internationaltrade) that now uses the #renminbi;

certainly this remains a small proportion of dollar financing but since the start of the Ukraine war it has gone from 2% to 4% global share (for comparison the Euro is used in around 6% of trading).

#china #Internationaltrade #renminbi

Last updated 1 year ago

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CryptoNewsBot · @cryptonewsbot

443 followers · 21050 posts · Server schleuss.online

Dollar to Play Lesser Role Due to Its Weaponization, Digital Currencies, Economist Jeffrey Sachs Says - Within the next decade, the U.S. dollar will play a much less dominant role than i... - https://news.bitcoin.com/dollar-to-play-lesser-role-due-to-its-weaponization-digital-currencies-economist-jeffrey-sachs-says/ #economicsprofessor #digitalcurrencies #digitalcurrency #bankingsystem #jeffreysachs #worldeconomy #settlements #u.s.economy #u.s.dollar #economist #payments #renminbi #dollar

#Dollar #renminbi #payments #economist #u #settlements #worldeconomy #jeffreysachs #bankingsystem #digitalcurrency #digitalcurrencies #economicsprofessor

Last updated 1 year ago

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blackburied · @blackburied

18 followers · 432 posts · Server newsie.social

@lauriebidaho We can keep printing money: we are the world's currency (until the #GOP sends us into their planned default). As such, most all international loans are paid-for in USD, which we can print. It is an unfair advantage, but one we need. If the #christianNationalist and #libertarians get their way and the world currency becomes #crypto or the #renminbi , then the US will become yet another 3rd world country.

#gop #ChristianNationalist #libertarians #crypto #renminbi

Last updated 1 year ago

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CryptoNewsBot · @cryptonewsbot

355 followers · 12578 posts · Server schleuss.online

China doles out millions in digital yuan in bid to boost adoption: Report - Multiple Chinese city governments have given away millions worth ... - https://cointelegraph.com/news/china-doles-out-millions-in-digital-yuan-in-bid-to-boost-adoption-report #centralbankcurrency #governmentsubsidies #covid-19measures #digitalrenminbi #cbdcadoption #digitalyuan #renminbi #e-cny #china #cbdc

#cbdc #china #e #renminbi #digitalyuan #cbdcadoption #digitalrenminbi #covid #governmentsubsidies #centralbankcurrency

Last updated 2 years ago

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DEFCON 201 · @defcon201

774 followers · 5782 posts · Server hostux.social

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TODAY (1/30) @ 8pm EST, join #DCG201 Co-Founder Sidepocket for #CryptoBarons 💹 as we wrap up #ChineseNewYear🧧looking at #eYuan, the digital finance platform #China is using to replace #cryptocurrency...and why the #USA will be next!

Watch on #Twitch, #YouTube, @peertube, @torproject & @odyseeteam: https://linktr.ee/defcon201

#blockchain #defi #centralizedexchanges #fiat #banking #finance #China #RMB #renminbi #DCEP

#DCG201 #CryptoBarons #chinesenewyear #eYuan #China #cryptocurrency #USA #twitch #YouTube #blockchain #defi #centralizedexchanges #fiat #banking #Finance #rmb #renminbi #dcep

Last updated 2 years ago

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acemaxx · @acemaxxanalytics

93 followers · 349 posts · Server econtwitter.net

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While #China has been growing its share of #trade with the rest of the world, resulting in #renminbi gradually accounting for a larger portion of FX reserve markets, and slowly reducing its dominance in the UST, chart @MorganStanley

#China #trade #renminbi

Last updated 2 years ago

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acemaxx · @acemaxxanalytics

81 followers · 254 posts · Server econtwitter.net

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#China is changing its tactics on #renminbi, with a shift away from direct intervention and towards lower-profile, indirect tools to steer the market.
The currency dropped almost 8% last year against the soaring US #Dollar - chart @FT https://cutt.ly/L2bzVrq

#China #renminbi #dollar

Last updated 2 years ago

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