January 15 (ChainDD) Changneng Xuan, the deputy governor of the People's Bank of China (PBOC), said that including the digital RMB in circulation, known as M0 statistics, can more accurately reflect the overall size of currencies in circulation.

By the end of 2022, the stock of digital RMB in circulation is 13.61 billion yuan, with a year-on-year growth rate of 15.3% after the inclusion of M0.

In addition, the PBOC will orderly promote the pilot research and development of the digital RMB, continue to improve the top-level design and ecological system construction, strengthen product and application innovation, gradually establish and improve the management framework, and continue to deepen the effectiveness of the pilot.