This is an excerpt from the article discussing the situation:
Pic. Central Bank of China
The People’s Bank of China has also said an official digital currency will safeguard foreign exchange sovereignty and boost global use of the yuan. The yuan makes up just 2 percent of global payments and reserves. Last year, nearly 90 percent of international transactions were in U.S. dollars, and about 60 percent of all foreign exchange reserves in the world are in U.S. dollars, allowing the U.S. power over the global financial system and muscle to enforce sanctions.
Pic. Central Bank of China
Pic. Libra Eco-System
Pic. The Game
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