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- 日期: 2015-07-22
- 浏览次数: 4555次
I have good news for you that, according to the latest data showed by SWIFT, RMB has replaced the Japan Yen and Hong Kong Dollar as a currency with the highest utilization rate in Asian trade because of the effort made by Chinese government to push the internationalization of RMB. Do you know what does it mean?
As the direct trade continues to increase among Asian countries, China mainland and Hong Kong and China signed Currency Swap Agreements with several countries, paying in RMB has become popular. We Chinese people can proudly raise our head! Because compared to three years ago, the proportion of paying in RMB has increased from 7% to 31%.
As what I have known, Canada has become the first Yuan Settlement Center and trading hub in the Americas and RMB has become the second largest active currency of Canada’s paying to China mainland and Hong Kong. The data from SWIFT at the same time showed that the payment being made in RMB among China and Singapore, Taiwan, South Korea and the Philippines accounted for more than 50%.
In 2012, only 19 Asian countries made direct payment in RMB with Chinese mainland and Hong Kong but now the number has reached 26. From a global perspective, RMB is still the fifth-largest currency, which accounts for 2.03% of the total amount of payment in the world.
The International Monetary Fund recently has said that the current value of the RMB is no longer undervalued. This is the first time for IMF to change its view over ten years. In the past years, the IMF always criticized that China underestimated the value of the RMB while the United States regarded China as a currency manipulator.
In fact, China is striving for making the RMB as a basket of currencies of the SDRS of IMF this year so as to further promote the internationalization of the RMB. Western analysts believe that it’s a major reason for Chinese government to quickly relax controls on capital. And western media found that both the government officials and the public in China concerned greatly about the RMB joining in the SDR this year.