Post
Topic
Board Economics
Topic OP
China talks up digital yuan in push for multi-polar currency system
by
Oshosondy
on 18/06/2025, 22:19:56 UTC
Or China wants its CBDC called digital Yuan to expand?

You can read the news from here: https://www.reuters.com/markets/currencies/chinas-central-bank-says-promote-digital-yuan-multi-polar-currency-system-2025-06-18/

China will prefer to against all the Western currencies not to dominate and the country will only be the one to rip the fruit most because they are planing for what can make Yuan dominant but with what I am seeing, they are only deceiving themselves but I do not know what will happen in the future.

Quote
China to expand digital yuan globally, create Shanghai operations center
PBOC governor calls for a multi-polar global currency system
Financial regulators pledge stable yuan, to further open up financial market

To me that is what they China is planing and not multi-polar global currency system