Digital transactions in yuan exceeds 12 billion dollars

7/14/2022 3:06:59 PM
 Chinese 100 yuan note.
The transaction volume of China's digital currency (the digital renminbi) reached 83 billion yuan (about 12.33 billion US dollars) at the end of May 2022, the country's central bank said on Wednesday.

A total of 264 million digital yuan transactions were made during this period, Zu Lan, an official with the People's Bank of China, said at a press conference.

He added that by May 31, nearly 4.57 million commercial outlets were available for digital yuan payments, citing China's Xinhua News Agency.

He explained that the Central Bank will expand the scope of its pilot programs, support the construction of the pilot scenario, and enhance international cooperation.

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