Analyze the Impact of the Digital RMB on International Payments and Financial Structure Based on Literature Review

Abstract

With the development of network technology and digital economy, the demand for convenience, security, inclusiveness and privacy of retail payment is increasing. Central banks or monetary authorities in many countries and regions are actively exploring ways to digitize fiat money to meet this demand. The Chinese government has decided to introduce digital RMB as a digital form of legal tender to enhance the payment experience, strengthen financial supervision, promote economic transformation and financial technology innovation and application. The introduction of digital RMB helps to reduce the cost and risk of traditional cash flow, promote the upgrading of payment methods and the development of digital economy. Based on the comprehensive and systematic collection, collation and analysis of the relevant literature in the field of digital RMB, this paper explores the impact of digital RMB on international payment and financial structure. The study found that digital RMB has international security as a payment tool, which can promote cross-border transactions and change the global payment system. Digital RMB can enhance international financial security and affect the implementation of financial policies in various countries.