Zhou Xiaochuan, the former governor of the People’s Bank of China, is an advocate for Beijing’s digital currency plan. Photo: EPA-EFE Zhou Xiaochuan, the former governor of the People’s Bank of China, is an advocate for Beijing’s digital currency plan. Photo: EPA-EFE
Zhou Xiaochuan, the former governor of the People’s Bank of China, is an advocate for Beijing’s digital currency plan. Photo: EPA-EFE

China’s digital currency no threat to global monetary systems, former central bank chief says

  • Beijing is not seeking to replace existing currencies with its digital yuan, former People’s Bank of China governor Zhou Xiaochuan tells Shanghai forum
  • But its ability to process payments and handle foreign exchange transactions simultaneously and in real time could transform cross-border trade, he says

Topic |   China digital currency
Zhou Xiaochuan, the former governor of the People’s Bank of China, is an advocate for Beijing’s digital currency plan. Photo: EPA-EFE Zhou Xiaochuan, the former governor of the People’s Bank of China, is an advocate for Beijing’s digital currency plan. Photo: EPA-EFE
Zhou Xiaochuan, the former governor of the People’s Bank of China, is an advocate for Beijing’s digital currency plan. Photo: EPA-EFE
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