Let us begin with an excerpt from an article dated May 5, 2020 by the former director of STRATFOR, an American Think Tank, George Friedman. In his article titled ‘Power and the Rise and Fall of Nations’, Friedman wrote: “The public perception of power is rooted in events that might have little to do with power. The reality of power ...
China recently took a decisive step that undermined the global dominance of the dollar by introducing its digital sovereign currency. Coronavirus catalyst In April 2020, the People’s Bank of China (PBoC) stepped up the development of an electronic yuan, slated to become one of the first digital currencies created and managed by the government rather than a private corporation. China ...