Mark Carney, the Governor of the Bank of England argued at the annual gathering of central bankers in Jackson Hole that a global electronic currency should be created to dampen the domineering influence of the US dollar on global trade. This currency would be a network of central bank digital currencies.
Thomas Mayer former chief economist of Deutsche Bank proposes in FT that Europe create a bloackchain backed digital euro. "Digitalization offers a way to reduce the debt of the eurozone states and t
Russia is continuing its policy of abandoning the dollar and transferring its assets into other currencies. Last month, Russia reportedly lost $7.7 billion in foreign exchange reserves after it decide