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  2. Digital renminbi - Wikipedia

    en.wikipedia.org/wiki/Digital_renminbi

    [2] [3] The digital RMB is legal tender [4] and has equivalent value with other forms of renminbi, also known as the Chinese yuan (CNY), such as bills and coins. [2] The digital yuan is designed to move instantaneously in both domestic and international transactions. [2] [5] It aims to be cheaper and faster than existing financial transactions. [2]

  3. Central bank digital currency - Wikipedia

    en.wikipedia.org/wiki/Central_bank_digital_currency

    A central bank digital currency (CBDC; also called digital fiat currency [1] or digital base money [2]) is a digital currency issued by a central bank, [3] rather than by a commercial bank. It is also a liability of the central bank and denominated in the sovereign currency, [ 4 ] as is the case with physical banknotes and coins.

  4. History of central bank digital currencies by country - Wikipedia

    en.wikipedia.org/wiki/History_of_central_bank...

    Since 2014, China's central bank has been working on a project called DCEP (Digital Currency Electronic Payment) or digital renminbi, [8] often also referred to as the "digital yuan" as it would be backed by the yuan. [9] At the end of 2017, the China's central bank organized a number of banks and institutions to jointly develop the DCEP system.

  5. Renminbi - Wikipedia

    en.wikipedia.org/wiki/Renminbi

    The patents reveal the extent of China's digital currency plans. The patents, seen and verified by the Financial Times, include proposals related to the issuance and supply of a central bank digital currency, a system for interbank settlements that uses the currency, and the integration of digital currency wallets into existing retail bank ...

  6. Digital currency - Wikipedia

    en.wikipedia.org/wiki/Digital_currency

    Digital currency can be denominated to a sovereign currency and issued by the issuer responsible to redeem digital money for cash. In that case, digital currency represents electronic money (e-money). Digital currency denominated in its own units of value or with decentralized or automatic issuance will be considered as a virtual currency.

  7. File:Digital RMB sign Hangzhou.jpg - Wikipedia

    en.wikipedia.org/wiki/File:Digital_RMB_sign...

    You are free: to share – to copy, distribute and transmit the work; to remix – to adapt the work; Under the following conditions: attribution – You must give appropriate credit, provide a link to the license, and indicate if changes were made.

  8. Category:Central bank digital currencies - Wikipedia

    en.wikipedia.org/wiki/Category:Central_bank...

    This page was last edited on 5 November 2021, at 17:17 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.

  9. Yuan (currency) - Wikipedia

    en.wikipedia.org/wiki/Yuan_(currency)

    Today, the term "yuan" usually refers to the primary unit of account of the renminbi (RMB), the currency of the People's Republic of China. [1] RMB banknotes start at one Yuan and go up to 100 Yuan. It is also used as a synonym of that currency, especially in international contexts – the ISO 4217 standard code for renminbi is CNY, an ...