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China Includes Digital Yuan in Calculating December Money Supply - Caixin Global

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Date: 2023-01-13 19:24:34

Article Text:

For the first time, China included the digital yuan in its calculation of the amount of currency in circulation in December, a first among countries that have adopted a central bank digital currency.

The People’s Bank of China (PBOC) will promote the research and orderly development of the digital yuan and include future issuance of the digital currency in financial statistics, Deputy Governor Xuan Changneng said Friday at a press conference.

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Original Source: https://www.caixinglobal.com/2023-01-14/china-includes-digital-yuan-in-calculating-december-money-supply-101989026.html