China’s Central Bank Chief Expects New Currency Order to Challenge Dollar

China is attempting to usher in a “multi-polar international monetary system”

China's central bank governor expects a new global currency order to emerge with the renminbi competing in a "multi-polar international monetary system." The new multi-polar, also stylised as multipolar, monetary system is controlled by the same interests that controlled the previous international monetary system. The monetary system may change but the power brokers stay the

Aiming at the Dollar, China Makes a Pitch for Its Currency

The governor of China’s central bank outlined a plan on Wednesday for a global financial system that relies on several major currencies, not just the dollar, as Beijing steps up its campaign to weaken the U.S. dollar’s primacy. Pan Gongsheng, the governor of the People’s Bank of China, did not mention the dollar by name but gave an extended critique of the potential dangers of international reliance on a single country’s currency. In a coded ref…

China’s central bank chief expects new currency order to challenge dollar

Pan Gongsheng points to a growing role for the renminbi after decades of dominance by the US currency

China's central bank moves to promote digital yuan, multipolar currency system

SHANGHAI (Reuters) -- China's central bank governor has announced plans to promote the international use of the digital yuan and called for the develo

PBOC Chief Envisions New World Currency Order After Dollar Reign

People’s Bank of China Governor Pan Gongsheng laid out in the clearest terms yet his vision for the future of a new global currency order after decades of dollar dominance, predicting a more competitive system will take root in the years to come.