Barry Eichengreen

A money changer with an image of the US dollar in Cairo. When it is realised the greenback is no longer the reserve currency it was, a search will start for an alternative, and reserve diversification will gather steam.
THE BOTTOM LINE

The real message in the yen intervention

2026-08-05T09:05:33.000Z
A tea stall in Dehradun that accepts mobile payment. Countries such as India have shown that it is possible to provide residents with a unique digital identifier, mandate the banks to provide low-cost, no-frills accounts, and install a system to facilitate interbank transactions through mobile phones.
THE BOTTOM LINE

CBDCs still have not found their raison d’etre

2023-12-05T21:00:00.000Z