China’s central bank shared the latest statistics about its digital RMB pilot for central bank digital currency (CBDC). Cumulative transaction volumes reached RMB 6.6 trillion ($910 billion) through to May 2024. The People’s Bank of China said this represents 7.3 times the previous figures, which we believe compares calendar 2023 to 2022.
The central bank published the details as part of a broader publication of financial statistics on social media using pictograms.
It’s been a year since the central bank previously shared figures, with fewer details revealed each time.
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