central bank of china It stated that it had a total of 13.61 billion yuan of “digital yuan” as of December 31.

The People’s Bank of China, or PBoC, has begun integrating the country’s central bank digital currency. “Digital Yuan” e-CNY in the report on the number of currencies in circulation.

According to the 2022 Financial Statistics report published Jan. 10, PBoC. said There were 13.61 billion yuan of digital yuan in circulation, or about $2 billion at the time of publication as of December 31, an increase of 15.3% in December 2022, with a broad money supply reported at 266.43 trillion yuan.

The PBoC reported that adding the digital yuan to the numbers did not cause The 13.61 billion e-CNY represented about 0.13% of the 10.47 trillion yuan in circulation at the end of 2022.

China, the second largest economy in the world and is one of the first countries It has begun trials of CBDCs in some cities and regions. However, the current usage of the digital yuan is very low. According to PBoC’s former director of research, transactions totaled approximately $14 billion as of October 2022 since the launch of e-CNY in April 2020.

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