China’s central bank governor, Pan Gongsheng, has indicated that a new global currency order may emerge, challenging the long-standing dominance of the U.S. dollar. Speaking at a financial forum in Shanghai, Pan emphasized the need for a “multi-polar international monetary system” where multiple sovereign currencies coexist and compete. He highlighted the renminbi’s growing role, noting […]
Source: https://news.bitcoin.com/chinas-central-bank-governor-envisions-the-end-of-us-dollar-dominance/