CNY

CNY is the currency code for the Chinese Yuan, the official currency of the People's Republic of China. It is also used to refer to the digital version of this currency, the e-CNY, which is a central bank digital currency (CBDC) being developed and rolled out by the People's Bank of China.

Why it’s in the news: It is in the news due to significant expansion of its e-CNY network and its first international cross-border payment to Malaysia.

Latest on CNY

• China triples its e-CNY network in 2026 as 8 more banks join the CBDC push this week
• China cuts durian settlement to 30 minutes with first outbound e-CNY payment to Malaysia

Connections

3 entities linked to CNY across the news graph.