The Digital RMB: A Solution to China’s USD Problem

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Summary

Overview & Scope

Key Design Features of Central Bank Money

Source: Deutsche Bank, The China Guys. Note: √ = existing or likely feature, (√ ) = possible feature, X = atypical or impossible feature

Objectives

RMB Internalization

China-World Exposure Index (trade, technology, and capital)

Source: Deutsche Bank, The China Guys. Note: *China, France, Germany, India, Japan, UK, and US

RMB Exposure to Global Payments

Source: SWIFT, The China Guys

Composite FOREX Reserves as of Q4 2019

Source: Currency Composition of Official Foreign Exchange Reserves (COFER), International Financial Statistics (IFS), The China Guys

The USD Remains the Dominant Currency in the Intl. Monetary System (%)

Source: Deutsche Bank, The China Guys

One Belt One Road (OBOR)

The Nissan Case

Looking to the Future

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