central bank

China Will Test Launch it’s Digital Currency (DCEP) Using Real World Scenarios In Two Cities

December 16, 2019
China will soon launch its digital currency to be tested within two cities in the country. The People’s Bank of China (PBOC) which is its Central Bank will oversee the launch of this product they have been working on since 2014. According to a news report from Caijing, the project will pioneer in the cities

Venezuelan Central Bank is Considering Holding Bitcoin and Ether

September 30, 2019
Venezuela’s central bank is exploring the possibilities of holding Bitcoin (BTC) and Ether (ETH) in its coffers, according to anonymous sources who reportedly have direct insights into the matter. Can the central bank store Bitcoin and Ether? According to a Sept. 26 Bloomberg article, the central bank of Venezuela is taking a closer look at

Libra Does Not Threaten Sovereignty of Nations, Says Calibra CEO

September 30, 2019
CEO of Calibra, Facebook’s digital wallet for its proposed Libra stablecoin, has attempted to debunk the notion of Libra’s threat to the global financial system. Not new money but a better payment network Amid the ongoing meeting between Libra founders and 26 global central banks in Basel, Calibra CEO David Marcus has stepped up to

IMF Chief Christine Lagarde: We Should Be Open to Cryptocurrencies

September 9, 2019
The nominee to be the next president of the European Central Bank (ECB), Christine Lagarde, has said central banks and financial bodies should protect consumers but be open to innovations such as cryptocurrencies. Changes are opportunities Lagarde, who is currently head of the International Monetary Fund, told the Economic and Monetary Affairs Committee of the

BOE Governor Calls for a Central Bank Crypto Asset to Take On US Dollar’s Dominance as a New World Reserve Currency

August 26, 2019
First they dismiss and laugh at you, then they criticise you, they fight you and you win. This is how the struggle for Indian Independence went according to Mohandas Gandhi, but the same path is kind of similar to the one that cryptocurrencies are going through right now. The only difference is that rather than

Guns, ammo and other great ways to fight inflation

March 6, 2014
2014.03.06 Сast your mind back to the fall of 2008. Lehman Bros. had just failed, and for those in Washington, it was thought all the banks were about to go up in smoke. Of all the radical policies that were enacted in response to the crisis, one of the stealthiest was the Fed’s decision to

The Federal Reserve is monetizing a staggering amount of U.S. government debt

February 17, 2014
2014.02.17 The Federal Reserve is creating hundreds of billions of dollars out of thin air and using that money to buy U.S. government debt and mortgage-backed securities and take them out of circulation. Since the middle of 2008, these purchases have caused the Fed’s balance sheet to balloon from under a trillion dollars to nearly

World political chaos, statistical “smog”, risk that the financial planet explodes… But solutions for the future continue to emerge

January 29, 2014
2014.01.29 Historians, who usually consider that the 19th century runs from 1815 (Waterloo) to 1914 (the First World War) would certainly define the 20th century by the period 1914-2014, ending with the year in which the old system dies whilst a new one emerges. In this New Year 2014 welcome, then, to the 21st century!

The dollar and the debt ceiling

October 19, 2013
2013.10.19 The dollar is the world’s go-to currency. But for how much longer? Will the dollar’s status as the only true global currency be irreparably damaged by the battle in the US Congress over raising the federal government’s debt ceiling? Is the dollar’s “exorbitant privilege” as the world’s main reserve currency truly at risk? To

AsiaOne: Indonesia will be strong in ASEAN Economic Community 2015

September 30, 2013
2013.09.30 Indonesia is likely to be a major player in the ASEAN Economic Community (AEC) in 2015, a think tank chief said at Julius Baer’s inaugural Next Generation Summit in Asia in Nusa Dua, Bali. Simon Tay, chairman of the Singapore Institute of International Affairs, predicted that Indonesia – as it had the biggest population