The People’s Bank of China included the country's digital currency in calculations of the amount of currency in circulation in December, a first for one of the early adopters of a central bank digital currency (CBDC) and the world's second-largest economy, according to data released by its central bank on Tuesday.
"Starting from December 2022, e-CNY in circulation has been included in the amount of currency in circulation," the central bank report said. At the end of December e-CNY amounted to 13.6 billion yuan ($2 billion).
Cash and bank reserves held by the central bank, a measure of money supply known as M0, grew at 15.3%, the fastest pace in 11 months, to 10.5 trillion yuan in December, with the digital yuan representing only 0.13% of the total. The addition of the e-CNY caused no "notable changes," the PBOC said.
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