Digital yuan transactions top US$73 mln in Guangzhou

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It took two-and-a-half months for China’s south­east­ern city of Guangzhou to sur­pass 490 mil­lion yuan (US$73.2 mil­lion) in dig­i­tal yuan trans­ac­tions, People’s Bank of Chi­na Guangzhou branch deputy man­ag­er Guo Yunxi said, accord­ing to local media

See relat­ed arti­cle: tops US$60 mln in dig­i­tal yuan sales in 618 shop­ping festival

Fast facts

  • China’s cen­tral bank dig­i­tal cur­ren­cy (CBDC) dig­i­tal yuan, or e‑CNY, start­ed tri­als in Guangzhou in April, expand­ing from the Octo­ber 2020 pilot kick­off in Shenzhen. 
  • The aver­age trans­ac­tion size in Guangzhou was 134 yuan (US$20) as of June 15. 
  • More than 2 mil­lion pri­vate accounts and 195,000 cor­po­rate accounts have been opened, Guangzhou Dai­ly report­ed, cit­ing Guo.

See relat­ed arti­cle: Chongqing joins China’s dig­i­tal yuan tax pilots

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