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e-RMB would let them send out money as stimulus to individuals without needed to count it as money creation publicly. The Chinese will have an unfair advantage
by gscott 6y ago
e-RMB would let them send out money as stimulus to individuals without needed to count it as money creation publicly. The Chinese will have an unfair advantage with money printing without hitting the value of the currency. The US cash payments to individuals has had a huge positive effect on our own economy and now China can do the same but hidden from view. China could take and send payments to Iran and North Korea outside the traditional payments system. Everything will be hidden from view.