E-CNY certain to promote renminbi's internationalization

E-CNY certain to promote renminbi's internationalization
By CHEN JIA |
China Daily |
Updated: 2021-07-29 09:18
Share
CLOSE
E-CNY is promoted during an expo in Dalian, Liaoning province. [Photo by Lyu Wenzheng/For China Daily]
E-CNY, the digital currency of China's central bank that is in the works, will further promote the process of renminbi internationalization once the RMB becomes the world's third-largest currency in terms of pricing, settlement and international reserves, experts said on Wednesday.
E-CNY, or the digital RMB, is currently undergoing tests through trials. Cross-border e-commerce payments could be the next key scenario for e-CNY use because it is "natural and particularly easy to accept", said Tu Yonghong, deputy director of the International Monetary Institute (IMI), which is part of the Renmin University of China.

Related Keywords

China ,Dalian ,Liaoning ,Renmin ,Japan ,United Kingdom ,Chinese ,Japanese ,British ,Wei Benhua ,Tu Yonghong ,People Bank ,International Monetary Fund Special Drawing Rights ,Ant Financial Group ,Renmin University Of China ,International Index ,Administration Of Foreign Exchange ,International Monetary Institute ,Renmin University ,State Administration ,Foreign Exchange ,International Monetary Fund ,Special Drawing Rights ,Worldwide Interbank Financial Telecommunication ,சீனா ,டேலியன் ,ஜப்பான் ,ஒன்றுபட்டது கிஂக்டம் ,சீன ,ஜப்பானிய ,பிரிட்டிஷ் ,மக்கள் வங்கி ,சர்வதேச பண நிதி சிறப்பு வரைதல் உரிமைகள் ,எறும்பு நிதி குழு ,சர்வதேச குறியீட்டு ,சர்வதேச பண நிறுவனம் ,வெளிநாட்டு பரிமாற்றம் ,சர்வதேச பண நிதி ,சிறப்பு வரைதல் உரிமைகள் ,