China Should Accelerate Rollout of Digital Yuan, Says Central Bank Official
Daniel Palmer CoinDesk• October 12, 2020
While China has already taken the global lead in developing a central bank digital currency (CBDC), an official at the People’s Bank of China says the effort should be accelerated. Chen Yulu, deputy governor of the central bank, said in an article over the weekend that the digital yuan project should form an “independent” and “high-quality” element of the nation’s financial infrastructure, South China Morning Post reports.
In comments published by the central bank’s own China Finance magazine, Chen added research and development for the digital yuan should proceed at faster pace, while pilots should show the CBDC is “controllable and safeguards the security of payments.”
China recently announced a new focus on an economic strategy dubbed “dual circulation,” which would rely more on internal demand to buffer against international tensions, especially with the U.S.
“We must serve dual circulation with fintech-led innovations,” Chen said about the digital yuan.
The CBDC project is already thought to be closing in on a full launch, having been in testing in major cities with banks and commercial enterprises. Last week the city of Shenzhen, together with the central bank, launched a kind of lottery allowing local residents to apply for some of 10 million digital yuan that will be handed out.
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The Biggest Wealth Transfer in History Has Already Begun | Lynette Zang
WTFinance: 11-11-2026
On this episode of the WTFinance podcast I had the pleasure of welcoming on Lynette Zang. Lynette is an economist, precious metals and currency analyst, and the Founder and CEO of Zang International.
During our conversation we spoke about the current situation in the economy, debt bubble, the fiat crisis risk, secular shifts, new financial system, gold and silver and more.
Central to the discussion is the realization that the modern fiat currency system is built almost entirely on the foundation of public confidence.
Ariel: Iraq’s 3 Zero Posture, the Feint, the Gold, and January 1st
Iraq 3 Zero Posture: The Feint, The Gold, And Jan 1st (What We Are Up Against)
DATE: November 10, 2026
CBI INTERNAL CIRCULATION TRACED TO GREEN ZONE DEEP SOURCE
SITUATION REPORT: The Three Zeros Delay Announcement as Tactical Misdirection
Reset Intelligence: Iraq Nears an IMF Reform Plan
By Reset Intelligence | @EXIT_FIAT
On Wednesday, Iraq and the IMF closed a round of talks in Amman with progress on a three-year reform programme for 2027 to 2029. No sum has been named and nothing is signed yet.
On the same day, Prime Minister Ali al-Zaidi and Speaker Haibat al-Halbousi each opened an inquiry into oil reported stolen from a pipeline south of Baghdad, and into a smuggling route for Iraqi oil through Iran to Afghanistan.
Dollar Inches Up In Baghdad, Erbil
2026-11-12 Shafaq News- Baghdad/ Erbil The US dollar opened Thursday’s trading higher in Baghdad and Erbil, hovering around 169,100 dinars per 100 dollars.
According to a Shafaq News market survey, the dollar traded in Baghdad’s Al-Kifah and Al-Harithiya exchanges at 169,150 dinars per 100 dollars, up from the previous session’s 168,900 dinars.
Good Morning Dinar Recaps,
GLOBAL DEBT RESET WATCH: EUROPE ADVANCES TOKENIZED BONDS AS CENTRAL BANKS BUILD THE NEXT FINANCIAL INFRASTRUCTURE
Europe is moving government borrowing and bond settlement onto digital platforms, bringing tokenized debt closer to everyday financial-market operations.
TNT:
Tishwash: Academics call for support for productive projects and protection of the currency.
Harmony and coordination between fiscal and monetary policies are fundamental to ensuring financial stability and supporting sustainable growth in the country. Economic experts emphasize that the current structural and institutional challenges necessitate strengthening cooperation mechanisms between executive bodies and the Central Bank of Iraq.
This will ensure efficient management of monetary liquidity, mitigate external shocks, and achieve the desired balance between stimulating economic activity and curbing inflationary pressures.
Iraq’s Central Bank Warns Banks Against Extra Fees On Dollar Sales
2026-11-11 | 12:03 BAGHDAD — The Central Bank of Iraq on Tuesday renewed its warning to banks and electronic payment companies not to add unjustified fees or margins to dollar transactions for traders and travelers.
Banks and payment companies buy dollars from the Central Bank at 1,510 dinars and may keep 10 dinars per dollar for profit and commissions when they sell at the official rate of 1,520, Mahmoud Dagher, an adviser to the Central Bank governor and the bank’s spokesperson, said in an interview with Al-Rabiaa TV.
GOLD: The World's Most Trusted Metal — But Why?
If gold is so rare, why can countries buy it by the ton? Who sells it? Why do central banks accumulate it? And is the world really preparing for gold-backed currencies?
For thousands of years, gold has fascinated humanity. Civilizations have fought over it, kings have accumulated it, governments have stored it, and investors have turned to it during times of uncertainty. But beneath gold's reputation as the ultimate symbol of wealth lies a surprisingly simple question:
The Bond Market Is the Real Danger, China Is Building a New Gold System | Andy Schectman
Liberty and Finance: 11-10-2026
Gold and silver prices are falling, but Andy Schectman says the biggest financial players are using the weakness to accumulate precious metals behind the scenes.
He explains how China is building a new gold-backed financial infrastructure, including 24/7 tokenized gold settlement that could challenge the dollar's dominance.
More than $100 billion in gold and silver has reportedly stood for delivery on COMEX this year, raising questions about where physical metal is moving.
China Buys Gold For Two Straight Years As Central Bank Demand Remains A Key Pillar Of Support
Kitco News) - After a busy third quarter, central banks continue to take advantage of lower gold prices to increase their official reserves. China continues to play a dominant role in the marketplace, increasing its reserves for two straight years.
In social media posts highlighting October purchases, Krishan Gopaul, Senior Analyst, EMEA, at the World Gold Council, said that China bought 26 tonnes of gold, putting the nation’s official reserves on nearly equal footing with those of other developed nations.