Global Trading with Digital CNY 6 Apr
We are pleased to inform you about the webinar “The Future of Global Trading with Digital CNY” organized by the Spanish Institute for Foreign Trade (ICEX) and the Economic and Commercial Office of Spain in Beijing which will be held on April 6th, 2022.
Central bank digital currencies (CBDC) are digital tokens issued by central banks. In a way, they are the digital version of cash; their value is guaranteed by a central bank. Unlike money held in credit cards and mobile wallets, CBDCs are not a mere representation of physical money stored elsewhere. Instead, they are a complete replacement for currency notes. While several countries are developing their digital currencies, China is well positioned to take the lead with the digital yuan. This lecture highlights ways in which China can use its digital yuan to internationalize the renminbi (CNY) and gradually chip away at the hegemony of the dollar.
José María Blasco Ruiz
Luis Maximiliano Postigo
Spanish Institute for Foreign Trade
The Spanish Institute for Foreign Trade (ICEX) is an agency of the Spanish Ministry of Industry, Tourism and Trade which works worldwide with the objective of promoting the internationalization of Spanish companies in order to improve their competitiveness and to add value to the Spanish economy as a whole, as well as boosting foreign investment in Spain.
April 6, 09:00 (UTC +2)