As of late December 2022, China had 13.61 billion digital yuan (CBDC) in circulation, representing ~0.13% of all money in circulation in China last year.
The People’s Bank of China (PBoC) included the central bank digital currency (e-CNY) in its 2022 financial statistics report, which captures the amount of currency in circulation. According to the PBoC, there are 13.61 billion digital yuan (~$2 billion) in circulation.
The report data showed that there were 10.47 trillion yuan in circulation in the PRC at the end of December 2022, of which ~0.13% was the e-CNY. The PBoC analysts argue that the addition of CBDC figures to the overall financial report didn’t make a notable change that would affect the growth rate.
Recall that last September, ~360 million more Chinese residents gained access to the e-CNY. They were able to use the CBDC to pay for goods and services, pay for public transportation, and receive insurance payments and loans in the e-CNY.
