How to break the hegemony of US dollar by digital currency

1. The core value of CBDC can be summarized as four points: first, the original purpose is to let the central bank better manage money creation and supply, enhance the effectiveness of monetary policy transmission mechanism and better deal with the business cycle. Second, the construction of payment and clearing infrastructure based on blockchain related technologies can rece costs and increase efficiency. digital currency can greatly rece the cost of currency issuance, circulation, use and other links, and realize banknote free transactions, which is also in line with the current trend of rapid development of electronic payment. Third, it has given the central bank stronger control over the monetary system, such as KFC, anti money laundering, anti-terrorism financing, and some targeted policies. Before the launch of Libra, the central bank attached importance to CBDC mainly for the above three purposes. But now, the significance of CBDC in promoting the internationalization of RMB has become more important than ever. This is the fourth purpose of the central bank. Judging from the current progress of RMB internationalization, there are indeed many difficulties. One is the US led encirclement and interception, and the other is the turbulence in the stock and exchange markets. In order to break the encirclement led by the United States, realize the normal development of the stock exchange market and the foreign exchange market, and realize the internationalization of RMB, it is really a good way for the central bank to issue digital currency. On the 10th anniversary of RMB internationalization, RMB internationalization has made remarkable achievements. 13 international financial institutions around the world began to pay attention to China's bond market. In the tide of interest rate rection in developed countries, negative interest rate has become a conventional means, and China's bonds are very competitive in the world. As of the second quarter of 2019, 38 countries have signed currency swap agreements with China, with a total amount of 3.67 trillion yuan. The one belt, one road, which one belt, one road to push forward, is continuously creating demand for RMB internationalization, and the export of RMB has become an important means of "one belt and one road" internationalization of RMB. In addition, RMB is one of the most active currencies in the global foreign exchange market, and London has surpassed Hong Kong as the world's largest offshore RMB foreign exchange trading center. With the steady development of China's economy, RMB assets will continue to be favored by all countries in the world< One belt, one road or other friendly country, was also shared by the Central Bank of China when it issued the CBDC. It shared some of the mint rights with br />
CBDC. How to participate? Including the following two cases, let's take Kazakhstan as an example. The first is that Kazakhstan can issue RMB denominated Kazakh government bonds. The issuer is Kazakhstan, but the RMB denominated bonds are sovereign bonds for Kazakhstan, which can also be sold to the Central Bank of China in exchange for CBDC. The second is that Kazakhstan issues treasury bonds denominated in its own currency, which are issued by Kazakhstan and priced in its own currency. This method is the easiest for Kazakhstan, because this is their own national debt, which is sold to the Central Bank of China, which gives it CBDC. The similarities between the two lie in that they both sell treasury bonds to the Central Bank of China, but the issuers of treasury bonds are not the same, and the pricing currencies of treasury bonds are not the same, so the requirements for Kazakhstan are not the same. In theory, these ways can be used as a political tool to influence and regulate the relationship between the Chinese government and Kazakhstan<

4 digital currency will become the biggest magic weapon of RMB internationalization

China is now facing the biggest challenge, in terms of currency, in fact, the internationalization of RMB. The monetary settlement system based on US dollar has brought great problems to the decision-makers outside the US dollar. The best way to rece the status of US dollar is to replace us dollar with a global digital currency to end the dominant advantage of US dollar. The Chinese version of CBDC is likely to become the biggest magic weapon to promote the internationalization of RMB and end the hegemony of US dollar. The opportunity for RMB internationalization lies in the trend of de dollarization. Therefore, we need friendly countries other than US dollars to participate in China's digital currency. Taking the lead in the use of digital currency in block trading and financial settlement to bypass the restrictions on trading in US dollar will certainly realize the development of de dollarization and form a new currency trading system dominated by China and participated by many parties. So how to achieve it? In essence, it is to transfer benefits, so that non dollarized friendly countries can participate in the issuance process of CBDC, and even share the seigniorage of RMB. It is the most effective magic weapon to embody the spirit of democratization and benefit sharing of blockchain and bitcoin in the design of sovereign currency, which is also the most practical way to realize the internationalization of RMB.

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the objects of special ecation include blind children's ecation, deaf children's ecation, mentally retarded children's ecation, gifted children's ecation, speech disorder children's ecation, emotional and behavioral disorder children's ecation, multiple disabled children's ecation, etc., excluding attention deficit children.

3. Any sanction is a double-edged sword. If the United States sanctions China, China can also counter the United States. If the United States really sanctions China, it just does not allow us to trade oil with Iran in US dollars. We can trade goods with Iran. We can exchange our goods with Iran's oil, and we can trade oil with Iran in another currency, This may cause other countries to follow suit. This is the last thing the United States wants to see. It will crack the US dollar hegemony in disguise. If the US dollar hegemony goes bankrupt, the US economy will collapse. It depends on whether our country's leaders have such strategic wisdom
the impact on China is nothing more than that the oil price is a little higher, and our oil import will face a more unfavorable situation. China's procts are famous for their low price in the world. When the price of raw materials is high, we can also transfer our pressure to consumers. The low price goods used by foreigners will no longer be low, and we are not the only ones who suffer losses.

4.

So far, digital currency has not been officially launched in China. Before introcing digital currency, we should distinguish two concepts, one is mobile payment, the other is digital currency. There is a big difference between the two. Don't think mobile payment is digital currency. At present, China's mobile payment has been very developed, people know more about Alipay, WeChat payment, China UnionPay Express link, etc. These are just payment methods. They use e-money instead of cash to facilitate business transactions. Digital currency is a new type of currency based on blockchain technology

it can be seen that the issue of digital currency has little to do with the people, which is equivalent to adding another currency. The value of this currency is more stable and can be exchanged in the current currency. The main purpose is to facilitate international trade settlement, which has little impact on ordinary retirees

5. Yes, China's RMB has graally become an international currency, and China's international status has improved significantly.

6. impossible. One of the basic functions of money is to pay, while transaction is life. Take RMB as an example, there are 700 million transactions per second, and bitcoin only has seven transactions per second, not to mention the world currency US dollar.

8. Xiaoguwei street in Panyu district is also Guangzhou University Town

Guangzhou 35 road upstream (34 stops in total) (Wende road terminus 06:00-22:30

Wende Road (terminus) - Wenming Road Provincial Museum Yuexiu South Road Baiyun road Dongchuan Road Donghu New Village haiyinqiao South Xiaogang new village Jiuqi middle school Jiangtai intersection Ruibao Township Ruinan new village xiaogangwan (Dongxiao South Road) - Haizhu Passenger station - Sanjiao village - Lijiao - Refractory Factory - shaojiaosuo - wheel repair factory - Dasha village - Dasha Village East - Salvage Bureau - Yingzhou intersection - Yingzhou road - Xiaozhou Village entrance - Yingzhou Ecological Park - Xiwu Road (University City) - central hub (University City) - Guangda (University City) - Guangda living area (University City) - Guangda apartment (University City) - Guangda main gate (University City) - University City (Science Center) Station
Guangzhou 35 road down (36 stations in total) University Town (Science Center) station 06:00-21:00)

Guangzhou 387 road down (15 stations in total) University Town (Suishi Village) station 07:00-22:00)

University Town (Suishi Village) station - Dongyi Road (University Town) - Donger Road East (University Town) - Huagong living area (University Town) - Huagong (University Town) - comprehensive commercial south area (University Town) - Provincial University of traditional Chinese Medicine Xuecheng hospital - Inner Ring West Road (University City) - Comprehensive Business North District (University City) - Xinghai College (University City) - Huashi (University City) - central hub (University City) - Xiwu Road (University City) - Guangda (University City) - University City (Science Center) terminus

just go to the University City (Science Center) terminus!

9. K302 → 130
2 hours and 9 minutes | 24.2 km | walk 1.4 km
K92 → 130
2 hours and 10 minutes | 25.3 km | walk 1.5 km
time is short, Jichang bus No.2 → K901 express → k173 / 130 / 89
2 hours and 4 minutes | 23.2 km | walk 1.4 km
K301 → brt3 → 89
2 hours and 5 minutes | 23.1 km | walk Travel 1.6 km
k302 → K901 slow → k173 / 89
2 hours and 13 minutes | 24.2 km | walk 1.2 km
taxi fare: 63 yuan (calculated according to the shortest driving distance)

10.

City: Nanjing

property name: Nanjing Wenshang science and technology center

bus line: No. 704; 802 channel; 818 road; 821 road; 829 road; 866 road; 867 road; 868 road; Other modes of transportation: start from jiahu subway station, drive south along Shuanglong avenue for 341 meters, turn left and turn around; Drive 1.5km, keep left and follow the main road; Drive north along Shuanglong avenue for 805 meters, drive right ahead and enter the auxiliary road; Drive north along the auxiliary road of Shuanglong avenue for 336 meters and turn left; Drive 483 meters westward along Qinhuai road to the intersection of Qinhuai road and Yihuai street to get to

(the information is for reference only, and ultimately subject to the information of the sales office.)

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