Currency: E-Yuan is Here – How China’s CBDC Could Destroy the Dollar
“E-yuan, China’s central bank digital currency (CBDC), is quickly emerging as a potential threat to the U.S. dollar’s global dominance. The digital yuan represents, at this moment in time, China’s bold step into the future of finance, as the world’s second-largest economy is now aggressively positioning its CBDC to reshape international monetary systems. This new digital currency isn’t just another cryptocurrency – it’s actually a state-backed financial instrument with significant and far-reaching geopolitical implications” Watcher.guru
Word Report 2024
CapGemini
“The year 2023 showcased strong global Bank performance, marked by substancial revenue growth and improved net profit margins. High interest rates, low credit defaults and robust consuming spending were a recipe for success.
However as banks transition into 2024, they face a volatile and uncertain landscape characterized by persistent inflationary pressures, potencial rate cuts, declining net interest income and geopolitical uncertainties.” CapGemini Research Institute.
