Premium Only Content
China's Digital RMB: Strong Momentum in Energy Transactions?
In this video, I dive into the growing momentum of China's Digital RMB & its potential impact on energy transactions. Recently, China made headlines with its first-ever oil transaction using Digital RMB, signaling a significant step forward in the implementation of this groundbreaking digital currency. According to the country's central bank governor Yi Gang, transactions utilizing China's digital Yuan reached a staggering 1.8 trillion yuan ($249.33 billion) by the end of June. This remarkable increase from just over 100 billion yuan in August last year solidifies China's role as a frontrunner in developing central bank digital currencies (CBDCs) globally. While adoption is still in its early stages, the e-CNY, as the digital yuan is referred to, has predominantly been utilized for domestic retail payments.
The rise of China's Digital RMB cannot be underestimated, particularly in a world where countries are increasingly seeking alternatives to circumvent the US's frequent use of sanctions. As China's implementation of digital currency accelerates, it is progressively energizing global transactions. The continued growth & utilization of the Digital RMB may potentially reshape the dynamics of energy transactions globally.
Join me as I explore the driving forces behind China's Digital RMB and its implications for global energy transactions. Stay informed & gain valuable insights into the changing landscape of international currencies. Don't miss out on this crucial discussion!
Subscribe to my channel for more thought-provoking content and stay up-to-date with the latest developments in digital currencies and their impact on various sectors.
Link to Wealth Research Group's Newsletter Signup: https://www.wealthresearchgroup.com/e...
Follow Me on Twitter: @DOUALAALOU
Support the Channel:
https://www.buymeacoffee.com/geopolit...
Link to articles:
https://news.cnstock.com/news,bwkx-20...
https://www.ledgerinsights.com/cbdc/
https://journals.sagepub.com/doi/full...
https://www.reuters.com/markets/asia/...
https://www.fpri.org/article/2023/06/...
https://www.msn.com/en-us/money/compa...
https://www.technologyreview.com/2023...
https://www.ledgerinsights.com/brics-...
About David:
Dr. Oualaalou served a fifteen-year career in the United States Armed Forces in support of the US government’s security agencies in Washington DC and around the world. His primary roles include security policy, intelligence analysis, security operations advice including leadership and managerial operations. He advised high-profile U.S. military and civilian officials on security issues, economic trends, and foreign military threat information. He has written many articles and books including his latest, The Dynamics of Russia’
https://www.timesofisrael.com/us-veto... Geopolitics: Remaking the Global Order.
DISCLAIMER: My channel, “Geopolitical Trends” is purely made for Educational & Information purposes, based on facts, published articles, and personal analysis.
COPYRIGHT DISCLAIMER: It is important to note that under section 107 of the Copyright Act 1976, allowance is made for “fair use” for purposes such as criticism, comment, news reporting, teaching, scholarship, education, and research. Fair use is a use permitted by copyright statutes that might otherwise be infringing.
-
15:51
Home of Geopolitical Trends
10 months agoUS-China: Destined for a War Over Taiwan??
4.77K13 -
LIVE
TheSaltyCracker
22 minutes agoLefties Think Elon Stole Election ReeEEeE Stream 11-10-24
19,068 watching -
39:34
Nerdrotic
2 hours ago $3.47 earnedAirbursts with Dr Malcolm LeCompte & Giants and Ancient Civilizations with Hugh Newman
11.2K1 -
1:03:38
vivafrei
9 hours agoElection RECAP! Long-Count Chicanery! FULL Jan. 6 Pardons! Let's Mock Lichtman & MORE! Viva Frei
85.2K50 -
LIVE
Vigilant News Network
3 hours agoDoctors Drop Post-Election COVID Bombshell | Media Blackout
3,225 watching -
14:13
Scammer Payback
12 days agoTelling Scammers Their Address
81.9K72 -
Barstool Gambling
7 hours agoBig Cat and Co Sweat Out the Week 10 Sunday Slate | Barstool Gambling Cave
60.6K -
2:49:36
The Jimmy Dore Show
2 days agoRumble Time Live w/ Jimmy Dore & Special Guests Roseanne Barr, Dr. Drew, Drea de Matteo & More!
521K618 -
17:17
DeVory Darkins
20 hours agoKamala Post-Election BOMBSHELL Exposes $1 BILLION Campaign DISASTER
52K134 -
19:52
Stephen Gardner
1 day ago🔥HOLY CRAP! Trump just did the UNTHINKABLE!!
59.6K491