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  2. Cross-Border Interbank Payment System - Wikipedia

    en.wikipedia.org/wiki/Cross-Border_Interbank...

    CIPS is backed by the People's Bank of China and was launched in 2015 as part of a policy effort to internationalize the use of China’s currency. In 2022, CIPS processed around 96.7 trillion yuan ($14.03 trillion), with about 1427 financial institutions in 109 countries and regions having connected to the system. [1] [2]

  3. Faster Payment System - Wikipedia

    en.wikipedia.org/wiki/Faster_Payment_System

    Faster Payment System (FPS; Chinese: 快速支付系統, more commonly known as 轉數快) is a real-time gross settlement [1] payment system in Hong Kong that connects traditional banks and electronic payment and digital wallet operators. [2]

  4. List of renminbi exchange rates - Wikipedia

    en.wikipedia.org/wiki/List_of_renminbi_exchange...

    The renminbi (RMB, also known as Chinese yuan; ISO code: CNY) is the official currency of the People's Republic of China. [1] Although it is not a freely convertible currency , and has an official exchange rate , the CNY plays an important role in the world economy and international trade .

  5. Renminbi - Wikipedia

    en.wikipedia.org/wiki/Renminbi

    In 1980, brass ¥0.1, ¥0.2, and ¥0.5 and cupro-nickel ¥1 coins were added, although the ¥0.1 and ¥0.2 were only produced until 1981, with the last ¥0.5 and ¥1 issued in 1985. All jiǎo coins depicted similar designs to the fēn coins while the yuán depicted the Great Wall of China .

  6. ‘De-dollarization is happening’: Are countries ditching the ...

    www.aol.com/finance/dollarization-happening...

    A mutiny is taking place in the global currency market, with a growing number of countries ditching the U.S. dollar in favor of China’s yuan — at least, that’s the rumor going around.

  7. Digital renminbi - Wikipedia

    en.wikipedia.org/wiki/Digital_renminbi

    Digital renminbi (Chinese: 数字人民币; also abbreviated as digital RMB and e-CNY), [1] or Digital Currency Electronic Payment (DCEP, Chinese: 数字货币电子支付; pinyin: Shùzì huòbì diànzǐ zhīfù), is a central bank digital currency issued by China's central bank, the People's Bank of China. [2]

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