The ongoing pilot scheme for China’s digital yuan has been expanded to 26 large cities and 5.6 million merchants, with an accumulated transaction value of 100 billion yuan (US$12.2 billion) at the end of August. Photo: AP
The ongoing pilot scheme for China’s digital yuan has been expanded to 26 large cities and 5.6 million merchants, with an accumulated transaction value of 100 billion yuan (US$12.2 billion) at the end of August. Photo: AP

China digital currency: e-CNY included in official cash figures for first time

  • Outstanding levels of Digital Currency Electronic Payment stood at 13.61 billion yuan (US$2 billion) at the end of December, according to the People’s Bank of China
  • Digital yuan represented 0.13 per cent of outstanding M0, largely cash and bank reserves held by the central bank

The ongoing pilot scheme for China’s digital yuan has been expanded to 26 large cities and 5.6 million merchants, with an accumulated transaction value of 100 billion yuan (US$12.2 billion) at the end of August. Photo: AP
The ongoing pilot scheme for China’s digital yuan has been expanded to 26 large cities and 5.6 million merchants, with an accumulated transaction value of 100 billion yuan (US$12.2 billion) at the end of August. Photo: AP
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