National Foreign Exchange Research Center Seminar: China's government and institutions should pay close attention to Libra

On July 10th, at the "China Foreign Exchange Management Reform and Development" seminar hosted by Zhou Xiaochuan yesterday, we discussed topics such as foreign exchange management system reform, interest rate marketization reform, financial openness, digital currency impact and future development. It is the recent impact of Facebook’s announcement of the digital stable currency Libra on international currency and international payments. The meeting believes that although the digital currency such as Libra cannot replace the status of legal tender in the short term, in the long run, it will inevitably have an impact and impact on the existing international currency and payment fields. China's government and institutions should pay high attention to it. Actively participate in research and layout in related fields.