China's $1.5 Million Digital Currency Giveaway Impressed Analysts. Shoppers, Not So Much
Reuters David Kirton, Alun John and Samuel Shen ,Reuters October 19, 2020
SHENZHEN/HONG KONG/SHANGHAI (Reuters) - China's experimental $1.5 million (1.16 million pounds) giveaway of digital yuan to Shenzhen citizens ended on Sunday with acclaim from currency analysts - and scepticism from some users saying they preferred existing shopping tools like the ubiquitous Alipay app. Under the week-long programme, the People's Bank of China (PBOC) gave 200 yuan ($29.75) to each of 50,000 consumers selected in a lottery in digital "red envelopes", echoing the country's traditional way of gifting cash.
The online wallet was accessible via an app, without need for an existing bank account, with payments accepted via smartphone scans in downtown outlets in China's fourth-biggest city, from luxury goods retailers to snack stores. The largest such trial to date in the world's second-largest economy had been hailed by analysts as a step forward for Beijing as it chases what has become a Holy grail among the world's central banks - the first central bank digital currency.
"The event last week really means that the (digital yuan) has already moved from theoretical internal testing to real world practice," said Wang Shibin, co-founder of cryptocurrency trading platform HKbitEX.
But this has sparked fears from some overseas observers: if the digital yuan, which operates outside existing financial infrastructure such as Swift, wins international traction, it could undermine U.S. dollar dominance of global payment systems.
The PBOC did not immediately respond to Reuters' request for comment on how the Shenzhen pilot programme went. Earlier this month, seven central banks including the United States, Britain and Japan, set out key principles for issuing digital currencies.
Raymond Yeung, chief China economist at ANZ, said the digital yuan would have greater effect domestically as by allowing authorities to monitor currency circulation more closely, it would help prevent money laundering. It could also allow more targeted monetary policy, or, in extremis, levying negative interest rates on cash.
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MilitiaMan & Crew: Is This the Breakthrough? State Banks and Digital Files
11-6-2026
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Iraqi Dinar news update for November 6. We are analyzing the latest coordination between state banks and new digital files.
This update focuses on the ongoing shift toward formal channels for financial oversight. We examine recent documentation regarding state banks and how these institutions are coordinating to improve transparency and operational efficiency across the sector.
Turkiye: Kirkuk-Baniyas Pipeline Poses No Threat
2026-11-06 Shafaq News- Ankara The possible reopening of the Kirkuk-Baniyas oil pipeline between Iraq and Syria would not pose a threat to Turkiye's economy, Turkish Energy and Natural Resources Minister Alparslan Bayraktar said on Friday, adding that Ankara and Damascus could conduct joint offshore exploration in the future.
Good Morning Dinar Recaps,
GLOBAL MONETARY RESET WATCH: U.S. JOBS SURGE TO 165,000 AS STRONG LABOR MARKET PUTS FED RATE CUTS IN QUESTION
U.S. employers added far more jobs than expected in October, while unemployment edged lower, giving the Federal Reserve another reason to remain cautious about reducing interest rates.
GP Q: US Treasury Signals Possible Shift in Debt Financing Strategy for 2027
11-6-2026
U.S. Treasury Signals Possible Shift in Debt Financing Strategy for 2027
In Washington today, the United States Treasury has kept its near-term bond auctions steady, yet a quiet change in official language has opened the door to a different way of financing America’s growing debt as early as 2027.
In its November 4 quarterly refunding statement, the Treasury said it anticipates maintaining current auction sizes for nominal coupon securities and floating-rate notes for the next several quarters.
Stern Drew: The Banking and Digital Lockdown has Started
11-6-2026
The Banking And Digital Lockdown Has Started
Riots in Paraguay as 3 million customers locked out of their own money due to AI cyberattack.
A French bank(Crédit Mutuel Arkéa) has been HACKED, with €118 million reportedly stolen in the process…
Good Afternoon Dinar Recaps,
GLOBAL TECHNOLOGY AND ASSETS RESET WATCH: $2.5 TRILLION ERASED FROM NASDAQ AS AI INVESTMENT CONCERNS SHAKE MARKETS
Investor concerns about the cost and profitability of artificial intelligence investments triggered a sharp technology-stock selloff, raising questions about valuations, corporate borrowing, and the financial risks surrounding the global AI expansion.
KTFA:
Clare: Prime Minister Ali Faleh Al-Zaidi Discusses Regional Developments in Phone Call with U.S. President
Prime Minister Ali Faleh Al-Zaidi held a phone call today, Thursday, with U.S. President Donald Trump, during which they discussed the evolving situation in the region, security developments, and prospects for the next phase.
The call also addressed the importance of coordination and consultation between the two countries regarding current challenges, as well as efforts to support regional stability and prioritize dialogue and diplomacy in addressing crises, with a view to containing tensions and preventing the conflict from spreading.
Reset Intelligence: Trump's Envoy Is Back in Baghdad.
By Reset Intelligence | @EXIT_FIAT
2 days after America voted, Trump phoned Iraq's prime minister. About an hour later his envoy, Tom Barrack, was sitting in the prime minister's office in Baghdad.
Congress changed hands this week. Washington's work on Iraq did not stop for it.
Dollar Firms Amid AI Selloff, Falling Treasury Yields
2026-11-06 03:46 Shafaq News The US dollar held firm against major currencies on Friday, drawing support from safe-haven demand after a selloff in AI stocks worldwide, though lower Treasury yields capped gains ahead of a closely watched US payrolls report.
Good Morning Dinar Recaps,
GLOBAL DEBT RESET WATCH: DEVELOPING-COUNTRY DEBT HITS RECORD $9.4 TRILLION AS BORROWING COSTS CLIMB
Developing economies are borrowing more to meet their financial needs, but rising interest costs are consuming resources needed for infrastructure, healthcare, education, and long-term economic growth.
TNT:
Tishwash: Al-Daraji: Printing approximately 5 trillion Iraqi dinars in 50,000 dinar denominations
The Secretary-General of the "Kafa" Movement, Rahim al-Daraji, revealed today, Thursday, that approximately 5 trillion Iraqi dinars in 50,000 dinar denominations have been printed.
Al-Daraji stated in a post on his social media accounts, "According to a reliable source, approximately five trillion Iraqi dinars in 50,000 dinar denominations have been printed.
MP Reveals Error In Calculating Dollar Exchange Rate In Budget Draft
Information/Baghdad... Member of Parliament Mohammed Araboud revealed on Thursday a major error in the calculation of the dollar exchange rate in the draft federal budget law, stressing that the issue of oil revenues and the fate of those funds represents a “perennial problem” that has yet to be resolved.
Now What?
Notes From the Field By James Hockman (Simon Black / Sovereign Man) November 5, 2026
Let’s take a deep breath think clearly for a bit.
My mind usually tracks to history and seeking wisdom from the past. But we don’t have to go back very far to see a pattern.
It was only six years ago that the entire world was in the throes of the Covid insanity. In the US, lockdowns, media hysteria, mask mandates, business closures, etc. had everyone stressed to the max.
Banks, Bonds & Markets Face A Dangerous Reckoning | Alasdair Macleod
Liberty and Finance: 11-5-2026
Alasdair Macleod warns that the recent gold and silver selloff is masking a much deeper crisis: the accelerating collapse of fiat currencies.
He argues that rising energy costs, higher bond yields, and weakening consumer demand could trigger a serious economic slump, putting banks, private equity, insurance companies, and equity markets under mounting pressure.
Ariel: The XRP Connection and Iraqi Dinar Trigger
11-6-2026
Here is what you will not find on any blog, any forum, any intelligence newsletter, anywhere:
The XRP Connection:
The reset is not purely metallic. The gold peg is the anchor. The distribution mechanism is distributed ledger technology and the SEC’s settlement with Ripple in 2025 was not a legal conclusion. It was a systems integration.