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  • Beijing Review

    ECONOMY

    Apr 14, 2022 3 minutes

    Digital Yuan

    The People’s Bank of China (PBC) announced on April 2 that its digital yuan pilot program will expand to more domestic cities.

    The digital fiat currency, or e-CNY, will be accessible in Tianjin and Chongqing municipalities, Guangzhou in Guangdong Province, Fuzhou and Xiamen in Fujian Province, and six cities in Zhejiang Province hosting the 2022 Asian Games, a PBC statement said.

    The country has tested the use of the digital yuan in more than 10 locations, including Shenzhen in Guangdong, Shanghai, and Xiongan New Area in Hebei Province. Most recently, Beijing and Zhangjiakou

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