The People’s Bank of China plans to launch a digital yuan. Photo: Reuters The People’s Bank of China plans to launch a digital yuan. Photo: Reuters
The People’s Bank of China plans to launch a digital yuan. Photo: Reuters

China must loosen capital curbs to boost international use of yuan, says former bank executive

  • Former Bank of China executive says increasing yuan use ‘increasingly urgent and important strategic issue’ given possible US move to curb dollar access
  • Currency now accounts for less than 2pc of international payments by value

Topic |   China economy
The People’s Bank of China plans to launch a digital yuan. Photo: Reuters The People’s Bank of China plans to launch a digital yuan. Photo: Reuters
The People’s Bank of China plans to launch a digital yuan. Photo: Reuters
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