Investors can take positions in the yuan by opening a savings or deposit account with U.S. dollars , but the account is denominated in yuan. Investors can also buy exchange traded funds (ETFs) designed to mirror the performance of the Chinese currency.
Read moreWhere can I buy DCEP?
How to buy DCEP? Currently DCEP is only available to other banks working with the People’s Bank of China . This will eventually open up to the general public in 2020. There are currently no cryptocurrency exchanges that trade DCEP.
Read moreCan I buy digital yuan?
To get started investing in digital Yuan, you’ll need to buy some ECNY on an exchange . You can sell, swap, or keep the digital currency until you have it. Many buyers keep their ECNY in the hopes that it will appreciate in value. There are several platforms available for purchasing or exchanging Digital Yuan (ECNY).
Read moreIs e yuan a good investment?
China’s economic growth in recent years makes the yuan an attractive currency for investors . The Chinese government takes an active role in making sure the exchange rate is favorable for Chinese exports, which can limit upward price movements.
Read more