China to launch new action plan to strengthen digital currency management and operations
-
Media Baaji
- Mon, 29 December 2025
Kathmandu. China has announced that it will launch a new 'action plan' to strengthen the management and operation of its digital currency from January 1. Lu Lei, the deputy governor of People's Bank of China PBOC, the country's central bank, gave this information on Monday. Writing in Financial News, a media outlet under the central bank, Deputy Governor Lu said that the digital yuan of the future will be developed as a means of modern digital payment and circulation. According to him, the digital yuan will be issued and circulated within the financial system and it is expected to make the existing payment structure more efficient.
He informed that the 'new generation' system will be implemented from January 1 as the next important step in the development of digital yuan. The system will cover measurement framework, management structure, operational mechanism and overall ecosystem. It aims to make the use of digital yuan more systematic and widespread. Under the announced action plan, banks will provide interest on the balance kept by the customers in the digital yuan account. This is seen as an important incentive to increase the use and acceptance of digital yuan.
The plan also includes a proposal to establish an international digital yuan operations center in the eastern financial center of Shanghai. It is expected to help promote the digital yuan internationally and increase its use in cross-border payments.
Express
Related News
What is the exchange rate of which foreign currency on Monday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the fixed exchange rate, the buying rate of one US dollar is 148 rupees 39 paisa and the selling rate is 148 rupees 99 paisa. Similarly, the...
What is the exchange rate of which foreign currency on Wednesday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the fixed exchange rate, the buying rate of one US dollar is 147 rupees 50 paisa and the selling rate is 148 rupees 10 paisa.
Similarly...
In the month of October, the interest rate of commercial banks decreased, which one gives how much?
Kathmandu. According to the interest rate published by the commercial banks for the month of October, it has been seen that the maximum average interest rate of deposits has decreased. In the month of October, the maximum average interest rate for...
High increase in the price of gold, how much per tola on Sunday?
Kathmandu. There is a high increase in the price of gold in the Nepalese market today. Gold rose by 5,600 rupees in a single day. According to the Nepal Gold and Silver Traders Federation, gold is being traded at 300,000 rupees per tola today.
...
What is the exchange rate of which foreign currency on Tuesday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the fixed exchange rate, the buying rate of one US dollar is 143 rupees 95 paisa and the selling rate is 144 rupees 55 paisa.
Similarly...
In the first quarter, the expenditure of Kathmandu Metropolitan City was 12.94 percent
Kathmandu. In the first quarter of the current financial year, the total expenditure of Kathmandu Metropolitan City has reached 12.94 percent. Of the allocated 25 billion 11 crore 43 lakh 41 thousand rupees, 3 billion...