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Andy Mukherjee: China’s dream of currency supremacy—Has the war in West Asia helped its cause?

Andy Mukherjee: China’s dream of currency supremacy—Has the war in West Asia helped its cause?

Andy Mukherjee: China’s dream of currency supremacy—Has the war in West Asia helped its cause?


Yet China is serious about pitching its currency as an alternative. The digital version, e-yuan, moves over the blockchain. The technology integrates messaging, reconciliation and asset transfer into a single, seamless operation, bypassing Swift, the panopticon through which the US surveils global financial flows.

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