Central Bank Monetary and Banking Director: The renminbi body will join the digital renminbi for a long time.

2021-7-16 18:31
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[Director of the Central Bank's Monetary and Money Bureau: The renminbi will certainly join the digital yuan in the long run.] On July 16, the director of the Central Bank's Monetary and Money Bureau, Luo Rui, announced declared at the meeting. The digital renminbi is generally in a cash position (M0), while the physical renminbi is the central bank's debt to the public and has the same legal and financial value. As a country with a large area, large population, multi-ethnic integration and development in different regions, China's relations, people in the mold of payment attitude, age structure and security, the Physical RMBs have immutable characteristics of other payment methods. . The renminbi body will engage with the digital renminbi for a long time. (Ghelonghui)

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