Reserve currency, Pound sterling, Bank, Foreign exchange reserves, Currency, Federal Reserve System

Bahamas strikes first with Sand Dollar amid US–China CBDC faceoff

On Oct 26, 2020
@Cointelegraph shared
China’s “long game” may be to upend the U.S. dollar as the world’s reserve currency: “It aims to build a parallel system that it controls” https://t.co/Ug5PXAYH70
Open

Fed Chairman Powell sees no urgency to develop a CBDC, but eventually, the world’s top central bank must act, say experts.

cointelegraph.com
On Oct 26, 2020
@Cointelegraph shared
China’s “long game” may be to upend the U.S. dollar as the world’s reserve currency: “It aims to build a parallel system that it controls” https://t.co/Ug5PXAYH70
Open

Bahamas strikes first with Sand Dollar amid US–China CBDC faceoff

Bahamas strikes first with Sand Dollar amid US–China CBDC faceoff

Fed Chairman Powell sees no urgency to develop a CBDC, but eventually, the world’s top central bank must act, say experts.

The Coming Currency War: Digital Money vs. the Dollar

The Coming Currency War: Digital Money vs. the Dollar

Central banks are getting closer to issuing their own digital currencies. If they do, the dollar might finally face real competition as the world’s dominant currency.

Digital Currencies Won’t Replace US Dollar Anytime Soon: IMF Chief Economist

Digital Currencies Won’t Replace US Dollar Anytime Soon: IMF Chief Economist

Digital currencies do not yet meet the criteria to become a viable alternative to the greenback, according to the IMF's Gita Gopinath.

Calls for a US ‘digital dollar’ rise as China powers ahead with a digital yuan

Calls for a US ‘digital dollar’ rise as China powers ahead with a digital yuan

The Fed is continuing to "carefully analyze the costs and benefits of pursuing such an initiative in the U.S."

The Dollar: The World’s Currency

The Dollar: The World’s Currency

The dollar’s role as the primary reserve currency for the global economy allows the United States to borrow money more easily and impose painful financial sanctions. But some experts say ...

Can cryptocurrencies wean the world off the US dollar?

Can cryptocurrencies wean the world off the US dollar?

Will cryptocurrencies, Facebook's Libra or the Chinese renminbi finally manage to supplant the US dollar as the world's main reserve currency?

Why Mark Carney Thinks The Dollar Can No Longer Be The World's Reserve Currency

Why Mark Carney Thinks The Dollar Can No Longer Be The World's Reserve Currency

Everything the alternative media has warned about for years; all the outcomes other people have called "conspiracy theory", will soon be treated as "common knowledge"... 

How central bank digital currencies will take over the world

How central bank digital currencies will take over the world

First central banks ignored cryptocurrencies, then they mocked them, next they fought them and now they are building their own; before long central bank digital currencies will be in use, ...

Ousting the Greenback: USD Still King as BTC and CBDCs Mount Challenge

Ousting the Greenback: USD Still King as BTC and CBDCs Mount Challenge

The advent of digital money will threaten the U.S. dollar’s global dominance, but it won’t be easy to dethrone the current global reserve currency

Fear of Facebook spurs calls for Fed to build rival digital currency

Fear of Facebook spurs calls for Fed to build rival digital currency

The head of the Bank of England has floated the idea that central banks could create a network of digital currencies to replace the dollar as the world's reserve currency. Those discussions ...

Money, Money, Money

Money, Money, Money

An Insatiable Thirst for Dollars, the Race for Global Reserve Currency Status, and Rates on the Blockchain

Don’t bet against the American dollar

Don’t bet against the American dollar

Talking of politics and, after my piece last week about the possibility that Chinese infrastructure could replace our European (SWIFT) and American (Visa) operations Kathleen Tyson, a good ...

First Mover: Even Bank of America Acknowledges China Winning Digital-Currency Race

First Mover: Even Bank of America Acknowledges China Winning Digital-Currency Race

BoA researchers anticipate China's digital yuan might make a dent in the greenback’s global hegemony.

The Digital Dollar Project

The Digital Dollar Project

The Project will ultimately seek to identify options for a CBDC solution that enhance monetary policy effectiveness and financial stability, provide needed scalability, security, and ...

Click here to read the article

Click here to read the article

Previous studies found that the dyadic covariates typically used in gravity models, such as common border, common language, common colonial relationship and geographic distance, influence ...

The Great Financial Reset

The Great Financial Reset

The International Monetary Fund’s (IMF) managing director Kristalina Georgieva is calling for a “new Bretton Woods moment.”

The U.S. Dollar’s Global Roles: Where Do Things Stand?

The U.S. Dollar’s Global Roles: Where Do Things Stand?

Previous Liberty Street Economics analysis and New York Fed research addressed the potential implications for the United States if the dollar’s global role changed, noting that the currency ...

China’s dollar pragmatism

China’s dollar pragmatism

Hegemony will not be quick or easy to displace

The current landscape of central bank digital currencies

The current landscape of central bank digital currencies

Chen Ye and Kevin Desouza describe how central banks around the world are planning for and implementing digital currencies within their countries.