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China Digital Yuan e-CNY Reaches $2.01 Billion in Circulation at the End of 2022, Total Cash in Circulation M0 at $1.54 Trillion
26th January 2023 | Hong Kong
China digital yuan (e-CNY) has reached a total of $2.01 billion (CNY 13.61 billion) in circulation at the end of 2022, with total cash in circulation (M0) at $1.54 trillion (CNY 10.47 trillion). The data is released by China central bank People’s Bank of China. The e-CNY is also known as the digital yuan and officially called the Digital Currency Electronic Payment. The e-CNY is a digitized version of China’s legal currency, the renminbi (RMB) and issued by China’s central bank, the People’s Bank of China (PBOC). The e-CNY forms part of the monetary base (M0). M0 is the total cash that is in circulation.
“ China Digital Yuan e-CNY Reaches $2.01 Billion in Circulation at the End of 2022, Total Cash in Circulation M0 at $1.54 Trillion “
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e-CNY / digital yuan
The e-CNY is also known as the digital yuan and officially called the Digital Currency Electronic Payment. The e-CNY is a digitized version of China’s legal currency, the renminbi (RMB) and issued by China’s central bank, the People’s Bank of China (PBOC). The e-CNY forms part of the monetary base (M0). M0 is the total cash that is in circulation.
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