G7 Central Banks See Digital Renminbi as a Potential Risk – Report
April 5, 2021
Max Imberg
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The Group of Seven (G7) members’ central banks believe that the digital renminbi can be a threat and eventually replace the US dollar. These financial institutions are reportedly wary of the digitalized Chinese currency’s possible repercussions on the effectiveness of their conventional monetary policies, which are denominated in the US dollar, a kind of fiat […]