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China's digital yuan transactions hit 83b yuan

Updated: Jul 14, 2022 Xinhua Print
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People show their e-CNY digital wallets after being gifted with digital red envelopes from the Chengdu municipal government and e-commerce giant JD in March. [Photo by He Haiyang/For China Daily]

BEIJING - Transactions of China's digital fiat currency, the e-CNY, hit 83 billion yuan ($12.33 billion) 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.

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