Digital yuan hits US$2bil in 2022

With the digital currency included, China’s outstanding M0, the amount of cash in circulation, totalled 10.47 trillion yuan (RM6.6 trillion) by the end of last year, up 15.3% year-on-year. — Reuters

BEIJING: The amount of digital yuan in circulation reached 13.61 billion yuan (US$2bil or RM8.6bil) by the end of 2022, data from the country’s central bank shows.

With the digital currency included, China’s outstanding M0, the amount of cash in circulation, totalled 10.47 trillion yuan (RM6.6 trillion) by the end of last year, up 15.3% year-on-year, according to Xuan Changneng, vice-governor of the People’s Bank of China.