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Digital Fiat – DIGIT INFO https://www.digit.info Bookmarking Crypto Insights Wed, 01 Jan 2020 08:01:43 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.digit.info/wp-content/uploads/2024/07/cropped-61589-32x32.png Digital Fiat – DIGIT INFO https://www.digit.info 32 32 China Takes Another Step Away From USD Hegemony https://www.digit.info/china-takes-another-step-away-from-usd-hegemony/ Wed, 01 Jan 2020 08:01:43 +0000 https://www.digit.info/2020/01/01/china-takes-another-step-away-from-usd-hegemony/ Read more]]>

China Takes Another Step Away From USD HegemonyThe China Foreign Exchange Trade System (CFETS) announced that effective January 1, 2020, the system “will adjust weights for CFETS RMB Index,” decreasing the weighting of the USD for the second time in the currency basket’s history from 22.40% to 21.59%, and increasing the Euro from 16.34% to 17.40%. The change could signal further disassociation […]

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