Saturday 8 May 2021
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scmp - 22 days ago

China’s digital currency won’t topple US dollar ‘so easily’, senior Bank of Japan official says

A senior Bank of Japan (BOJ) official downplayed the potential for China’s digital yuan to threaten the US dollar’s position as the world’s main reserve currency.“The dollar’s status as the key global currency won’t change so easily,” said Kazushige Kamiyama, head of the BOJ’s payment systems department and the person in charge of looking into a virtual Japanese currency. “In fact, the dollar’s advantage may strengthen further if the US goes with digitalisation.”A report earlier this week…


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