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I have been thinking over this new Chinese digital money it could technically solve the world's need

Titanium100

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The Idea of having currencies of differenet values truly sucks but instead what we need is a level playing field for everyone. If there is no currency tied to this new Chinese digital money it could by default be accepted by people openly and if they put it out there.

The currency valuta will be the same everywhere in the world and things will cost the same and there won't be value up and down everything in pricing will stabalize around the world. Phone will cost the same both in Hong Kong and New York or Nairobi.

It needs to be made in such way so that there can't be monoploy over it and accessable to everyone making it the first ever real global currency,

This current system and the dollar is obsolete.. Humanity is moving towards the future and the dollar has aged and unfortunately reached it's full capacity it would be like pushing further an old elephant whos over 77 years old and on his last legs. There is need for a new system which is flawless and can benefit all on the globe as the first ever official ''GLOBAL CURRENCY'' Make it easily accessible and digital on top of it
 
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Titanium100

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World should return to Gold & Silver.
But there is not enough Gold and silver for everyone so it can't function as currency imo. If you melt all the gold in the world it won't be enough to be distributed among 8 billion and we will reach around 10 billion soon here in the half century 2050. There needs to be made an alternative digital currency could work unless there is unearthed endless amount of gold
 

ZeEa5KPul

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Currencies can't have different values in different places. Goods and services can, but certainly not currencies. The value of the DCEP is pegged to the yuan, it in essence is yuan, that's the only way people can have confidence that it retains its value.
It needs to be made in such way so that there can't be monoploy over it and accessable to everyone making it the first ever real global currency,
If that's what you're looking for, look elsewhere. DCEP is issued by a sovereign, just like every other currency.
 

patero

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But there is not enough Gold and silver for everyone so it can't function as currency imo. If you melt all the gold in the world it won't be enough to be distributed among 8 billion and we will reach around 10 billion soon here in the half century 2050. There needs to be made an alternative digital currency could work unless there is unearthed endless amount of gold
Central bank digital currencies are not alternative, they are still part of m1 and m2 base money supply. The value of the digital rmb is therefore connected directly to the rmb, it is interchangable with it and the yuan. If it was a separate currency it would be less stable and liquid, two highly undesirable characteristics in international trade.

Externally the DRMB doesn't change any of the fundamentals of trade and finance, in itself it isn't desgined to. An alternative to the swift system is what China is developing to compete with the US dollar, not the DRMB. It's real purpose is to allow tighter control of the domestic economy through monitoring of transactions, control of m1 and m2 as well as mechanisms such as targeted use of DRMB into specific areas of the economy and expiration dates to increase expenditure. It's the perfect tool for a centrally planned economy but does have its shortcomings.
 

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