China's central bank moves to promote digital yuan, multipolar currency system

Traditional cross-border payment system can be weaponized, notes governor

250618 China e-yuan

China will establish an international operation center for digital yuan in Shanghai to promote the internationalization of the currency. © Reuters

SHANGHAI (Reuters) -- China's central bank governor has announced plans to promote the international use of the digital yuan and called for the development of a multipolar global currency system, in which several currencies dominate the world economy.

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