CBDCs in 2023: will the e-CNY help China dodge the dollar?

Among the major economies in the world, China is taking the leading role in implementing central bank digital currencies (CBDC). The sanctions inflicted on Russia by America and its allies were a reminder that China’s dependence on the dollar underscores its vulnerability not only to sanctions, but also to America’s macroeconomic whims. China’s development and early implementation of e-CNY, its own digital version of the yuan, will be of international and business relevance. Join us for a timely consideration to understand how CBDCs will work, what their advantages are compared with conventional currencies and if e-CNY will help China overcome its reliance on the US-controlled international financial system.