September 23, 2019
Facebook Libra to be 50 percent US dollars, rest backed by euro, yen, sterling, Singapore dollar
News-Analysis Facebook Libra to be 50 percent US dollars, rest backed by euro, yen, sterling, Singapore dollar China’s yuan currency will not be included, which could help smooth Libra’s path in the US. Reuters Sep 23, 2019 09:20:03 IST
The US dollar will make up 50 percent of the basket of currencies backing Facebook’s planned digital coin Libra , with the euro, yen, sterling and Singapore dollar comprising the rest, Der Spiegel reported, referring to a letter from Facebook.
China’s yuan curren…
