Time will tell. With India, patience is utmost important.
Discover P.J. Joseph's blog, your guide to colored gemstones, diamonds, watches, jewelry, art, design, luxury hotels, food, travel, and more. Based in South Asia, P.J. is a gemstone analyst, writer, and responsible foodie featured on Al Jazeera, BBC, CNN, and CNBC. Disclosure: All images are digitally created for educational and illustrative purposes. Portions of the blog were human-written and refined with AI to support educational goals.
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Saturday, February 04, 2023
Sunday, February 07, 2021
Digital Yuan
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.

