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
The value of the dollar hit a new record, while other foreign currencies also rose
Kathmandu. Nepal Rastra Bank has announced the official exchange rate of foreign currencies for Wednesday.
According to the new rate determined by the Central Bank, the buying rate of one US dollar has been fixed at 152 rupees 71...
The price of gold increased suddenly, how much per tola will be traded on Friday?
Kathmandu. The price of gold has increased in Nepali market today. Gold tola has increased by 2 thousand 100 rupees. According to the Nepal Gold and Silver Traders Federation, today, gold has been fixed at 267,800 rupees per tola.
On the oth...
Shikhar Power Development Limited releasing IPO for general public from February 17th
Kathmandu. Shikhar Power Development Limited is going to open the initial public issue IPO from February 17. The company has announced that it is going to issue a total of 18 lakh 42 thousand 600 ordinary shares to the general public. Out of the t...
24 crore cardamom sale from Lamjung
Lamjung. This year, an income of Rs. 243.3 million has been received from the sale of cardamom seeds in the district. According to Hari Bahadur Mizar, Agriculture Officer of National Agricultural Modernization Project Implementation Unit Lamjung,...
From now on, when the airline's aircraft are diverted, they will land at Bhairahawa
Kathmandu. In the event that Nepal Airlines Corporation planes could not land at Tribhuvan International Airport due to various reasons, now Gautam Budh International Airport will be used. Spokesperson Anil Ghimire inf...
Exchange rate determination: The selling rate of US dollar exceeded Rs.151
Kathmandu. Nepal Rastra Bank has announced the official exchange rate of foreign currencies for Monday. According to the new rate set by the Central Bank, today the buying rate of one US dollar has reached 150 rupees 62 paisa and the selling rate...