Caixin
Jan 14, 2023 03:09 AM
FINANCE

China Includes Digital Yuan in Calculating December Money Supply

Digital yuan accounted for 0.13% of the currency in circulation at the end of December.
Digital yuan accounted for 0.13% of the currency in circulation at the end of December.

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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