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Central Bank Releases "2025 RMB Internationalization Report", Researches Promoting the Use of Digital RMB in Cross-Border Payments

2025.10.31 20:16:14

October 31: The People's Bank of China issued the "Report on the Internationalization of the Renminbi by 2025", elaborating on the current process of RMB internationalization and the next steps. The report indicated that the current multilateral central bank digital currency bridge has officially received five central banks (monetary authorities), including the People's Bank of China. The People's Bank of China stated that it will establish an independent and controllable RMB cross-border payment system, conduct research and promote the use of the digital RMB in cross-border payments, and enhance the supervision of cross-border RMB business.
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