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 decided to replace the American currency with euros, yuan and gold.
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
The digital yuan was revealed by the People’s Bank of China [PBoC] weeks after Facebook unveiled their global digital currency Libra, and for those who thought China’s reply was aimed at the social me