A leading economist says the greenback is more fragile than ever as China prepares new forex polices.

China and Russia have raised the share of national currencies in trade settlements to nearly a quarter.

As technology advances, and the world can now be accessed via a handheld smart phone, the way in which we earn, spend and send money is changing, not only through the introduction of cryptocurrencies such as Bitcoin, but now it seems through digital national currencies, something that could change the way we bank forever.

The BOJ is not worried that China’s official digital currency could lead to a domination in the market.

Banks believe yuan will continue to rise despite new policies adopted by China to control its appreciation.

The US dollar fell against most currencies on Thursday as a rally in riskier assets such as global equities and commodities put a dent in safe-haven demand for the US currency.

China says the US’s measure to reverse its decision to brand the Asian country a “currency manipulator” matches “facts” and the consensus of the international community.