Friday, October 16, 2020

A Snapshot on eRMB

A good write-up on 'DCEP' (^_^), China's digital currency, written in Indonesian Language. A bit of history here as well. From the time China has been planning to get into currency basket until the race towards issuing legal tender digital currency. The statistics on the domination of dollar in trade is also an eye-opening. According to the author, since China's contribution in international trade is approximately 2 percent, it has a long way to go in replacing dollar as an international currency, since dollar market share is 90 percent. Think of it this way. China has been researching on digital currency since 2014. It has a university that is dedicated to study every single language there is in the world. China built an entirely new hospital in 10 days. You think it is not possible? Think again!

http://catatanlepasnick.blogspot.com/2020/05/dampak-renminbi-digital.html









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Oppenheimer and Oscar Economics

This  article  is quite long, but has important modern implications.  Source: Michael Ramirez, The Gazette.