China’s digital currency experiment will be a lesson for other central banks

By Nithin Sasikumar in BFO #259, 08 Apr, 21

Here’s the opening paragraph from an article in the Wall Street Journal announcing China’s digital currency:

Forget shaking the pillar of American power for a moment. China has strict controls over its capital flows. And while the yuan has the status of being a reserve currency in the eyes of the International Monetary Fund (IMF), its use in trade isn’t topping the charts anytime soon.