April 28, 2024

Expert: Digital yuan does not compete with US dollar

According to one of the leading Indian economists, the upcoming introduction of the digital yuan in China will not pose a threat todomination of the American dollar, although the Asian country has already outrun other countries in the creation of the infrastructure of digital payments and innovations.

B cтaтьe, oпубликoвaннoй Project Sуndicate, indiycky ekonomict Ecvap Ppacad, ppofeccop topgovoy politiki in Kopnellckom univepcitete and ctapshy nauchny cotpudnik Bpukingckogo inctituta, napical chto tsifpovaya valyuta tsentpalnogo banka Kitaya (CBDC) «Do povliyaet vpyad nA ctatuc dollapa HOW dominipuyuschey mipovoy pezepvnoy valyuty".

Along with the subject, the law assumed that the digital yuancan "strengthen the Chinese currency as an international billing currency", especially if Beijing optimizes the token with the help of the available "available" budget In addition, he noted that "the government of the country will continue to reform the financial markets and remove the restrictions on capital flows."

However, according to the opinion of the expert, any progress achieved by the digital yuan, however, will be achieved at the expense of other international fiat currencies, but not here.

“Any global success achieved by the yuan inthe last years as in the quality of the payment medium, as well as in the quality of the reserve currency, in the main are at the expense of such currencies, a copy of the epoch and Even when the MBF added the yuan to the four existing currencies in the SDP basket and gave them a weight of 10.9%, they mostly sold the euro, the pound and the Japanese yena, a n.

The profescop added that no matter how technicalwas a digital yuan, foreign investors will still be very sensitive to the idea of ​​large investments in yuan, taking into account that it is just a very central capital.

And, regardless of the fact that the United States has passed over the last few years inside the country, in the international financial model, the markets are all over the place.

"Economic Administration of the United States,The developed and liquid capital markets and the still reliable institutional structure mean that the US still has no serious competitor to compete in the top

</p>