Pricing is important, because PBC transfers resource-management risks to suppliers, which must decide what risk premium customers should pay.

FORBES: Magazine Article

The second step would be for the PBC to perform dollar-for-yuan foreign exchange reserve swaps with African central banks, with China offering to split the seigniorage (the difference between the face value of currency and the cost to produce it) with the African nations as a form of foreign aid.

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After controlling for self-selection bias, the impact of PBC on reliability shifted from negative to strongly positive.

FORBES: Magazine Article