China's digital yuan transactions hit 83 bln yuan in first 5 months
A consumer pays in digital yuan (e-CNY) at a department store in southwest China's Chongqing, May 3, 2022. (Xinhua/Huang Wei)
BEIJING, July 13 (Xinhua) -- Transactions of China's digital fiat currency, the e-CNY, hit 83 billion yuan (about 12.33 billion U.S. dollars) by the end of May this year, the country's central bank said Wednesday.
A total of 264 million digital yuan transactions were undertaken during the period, Zou Lan, an official from the People's Bank of China, said at a press conference.
By May 31, nearly 4.57 million commercial outlets were available for digital yuan payments, Zou said.
Zou said that the central bank will further expand the scope of its pilot programs, strengthen pilot scenario construction, and enhance international cooperation.
Photos
Related Stories
- Digital yuan helps stimulate consumption, supports recovery of SMEs across China
- Chinese embrace digital yuan as China further promotes pilot program
- E-CNY designed for retail transactions, not to take place of dollar, expert says
- China to pilot digital yuan in more cities
- Project payment settled by digital yuan in east China
Copyright © 2022 People's Daily Online. All Rights Reserved.