Chinese central bank is all keen on internationalizing the use of the national currency Renminbi (RMB) in the international market, and its central bank digital currency is a key step in this direction. The PBoC is confident that promoting the use of e-CNY will make RMB the world’s third-largest currency in terms of trade, settlements, and international reserves.
China's CBDC e-CNY a Certain Step to Internationalize the Use of Renminbi
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29 July 2021 07:20, UTC