BIS central bankers’ speeches  3  Chinese funds managers and/or providing direct funds management services to Chinese investors as private outward capital flows from China increase. Similarly, the use of RMB for trade settlement in commodity markets may also be mutually advantageous.
25 The best-known example today is the Swedish Riksbank’s e-krona project. See https://www.riksbank.se/engb/financial-stability/payments/e-krona/. 26 COMMITTEE ON PAYMENTS AND MARKET INFRASTRUCTURES, “Central Bank Digital Currencies”, Bank for International Settlements, March 2018, 3. See https://www.bis.org/cpmi/publ/d174.pdf. For a taxonomy of CBDCs and the money flower concept, see M. BECH and R. GARRATT, “Central bank cryptocurrencies”, BIS Quarterly Review, September 2017, 55-70.