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!
Subscribe to:
Post Comments (Atom)
The Ringgit Rebound
As of 23 September 2024, the ringgit ringgit has risen more than 12% against the dollar this quarter, making it the best performing emerging...
-
How are you going to contribute to the nations in terms of closing the wealth inequality gap?
-
In Tinta Minda, BERNAMA. Malay article. Excerpt: "Laporan prestasi ekonomi negara pada suku ketiga pada 2020 yang diumumkan Bank Negara...
-
Please read the article by Paul Krugman in the New York Times at the link given below and give your comments as what Malaysia had experience...
No comments:
Post a Comment