China already is the world's biggest exporter, and will become the world's largest economy in dollar terms before the end of this decade. The Financial Gateway Information Service, the new company is the first official alliance of the Society for Worldwide International Financial Telecommunication and China's central bank. China's RNB accounts for just 2% of transactions in the SWIFT system today, and China's financial system is far from ready to take on a reserve role. All of that could change, and swiftly. A digital yuan will rewrite the rules of international banking.
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