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Advantages for pboc to introduce the digital yuan

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Reference no: EM133002914

Major Central Banks all over the world have plans to digitise their currency. People Bank of China (PBOC) has been developing the digital yuan, to replace some of the cash in circulation, started trials in a number of cities and plans to use it for the Beijing Winter Olympics.

Discuss the rationale and advantages for PBOC to introduce the digital yuan

Reference no: EM133002914

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