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China’s central bank includes digital yuan in report on currency circulation

China’s central bank includes digital yuan in report on currency circulation

The People’s Bank of China, or PBoC, has begun including the country’s central bank digital currency, the e-CNY, in reports measuring the amount of currency in circulation.

According to a 2022 financial statistics report released on Jan. 10, the PBoC said there was 13.61 billion digital yuan — worth roughly $2 billion at the time of publication — in circulation as of Dec. 31. The currency in circulation grew at a rate of 15.3% in December, with the broad money supply reported to be 266.43 trillion yuan.

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