The People’s Bank of China (PBOC) has established a new digital yuan operations center in the nation’s financial hub, Shanghai, in a move to foster the internationalisation of the yuan. State-run media Xinhua News Agency said Thursday that the establishment is among the eight new initiatives announced by the PBOC. As reported earlier, the central bank Governor Pan Gongsheng laid out an ambitious plan to create a multi-polar monetary system, where multiple currencies support the global economy. He also st ...