“This excellent book takes us into a world where Central Bank Digital Currencies are a fact of life. The Chinese have, inevitably, got there first and among the many implications of this new world is the long-awaited shift from dollar hegemony.”

“This book is the first comprehensive account of the large scale impact of CBDCs on the gloal economy and the wider geopolitical landscape.”

“Money, and how money is used, has always been intertwined with wealth and power and an integral part of the political economy . . . In this book, the ramifications are explored in an interesting way with important food for thought.”

“This book looks at the opportunities and risks of CBDCs, but then moves further by identifying the geopolitical implications. The conclusion is that either embracing or rejecting CBDCs pose immense consequences that we need to understand.”

“A fascinating read that demonstrates the high stakes geopolitically if the US should continue to dawdle in developing a viable CBDC.”

“Smart Money is the essential book to read to understand the geopolitics of CBDCs. Far from being just a technical addition to the list of central bank liabilities, CBDCs have the potential to massively disrupt global trade and the financial system as we currently know it.”