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Is a Digital Dollar Coming?

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Is a Digital Dollar Coming?
The Marriner S. Eccles Federal Reserve building in Washington on April 10, 2023. Madalina Vasiliu/The Epoch Times
Milton Ezrati
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Commentary

A hullabaloo over a digital dollar first emerged in 2019, when the People’s Bank of China (PBOC) introduced its digital yuan. Speculation arose that unless the United States responded in kind, China’s yuan would soon surpass the dollar as the world’s premier reserve currency.

Milton Ezrati
Milton Ezrati
Author
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is "Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live."
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