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The proportion of global payment: USD 39.92%, Euro 36.56%. What about RMB?
来源: | Author: Anna Qu | Publish date: 2022-09-21 | 27 views | 分享到:
Because of the economic globalization, many countries have closer exchanges and more frequent trade, which can stimulate their economic development.

For trade exchanges between two countries, an international currency must be used as a medium for exchange.

In the international trade, we do not trade with our own currency, because that does not have much influence, so people use international currency more in international trade.



There is no doubt that it is the dollar, because the United States is now the only superpower in the world. It has also been in a dominant position in history, and has established the best position of the dollar in the world in the Bretton Woods system. So far, in addition to trading with gold, the only one that can equal the price of gold is the dollar.

However, according to statistics, in recent years, the dollar has dropped to 39.92% of the currency used in payment, while the euro has risen to 36.56%. At this time, many people are concerned about the trend of the domestic RMB?


First, let's talk about the influence of the US dollar. Many people think that the reason why the US dollar has such great influence is because of the Bretton Woods system. In fact, in addition, it is also because of today's oil trade. Many years ago, when international oil trade was carried out, many countries recognized the dollar. Without the dollar, they could not exchange oil.

At that time, many countries were forced to use oil, so they could only store a large amount of dollars to facilitate future transactions with oil exporting countries.

However, in recent years, the influence of the US dollar and its market value have had an impact. In addition, many countries have large reserves of US dollars. Therefore, in order to stabilize the development of their own countries, the United States is worried that no one will buy US dollars for a long period of time in the future. Therefore, it has taken the measure of devaluing the US dollar, which has caused losses to the economies of countries that have saved a lot of US dollars.


Many countries are very dissatisfied with this measure of the United States, so they choose to buy other international currencies in order to stabilize their own economies.

In addition to the dollar, the euro is also an international currency, because the euro can be traded in any country in the EU.

In the EU, most of them are developed countries, which hold a large part of wealth and trade. Therefore, the euro also has a great influence in the international arena.

Because the United States devalued the dollar at this time, many countries that bought a lot of dollars had to find another way out, and they turned to the euro.

The reason why the euro has such a high status is that Britain made great contributions to the two industrial revolutions and the two world wars at that time. Although both of them have declined, they are still developed countries, although they still have great influence. Then, what is the situation of China's RMB?

At present, China is the fourth largest international currency, accounting for 3.2%. Although this data is very small, it is also a great progress for China. Because China's position in the world was not high before, many countries would not use RMB.


Because China has opened up, gradually kept up with the pace of world development, and a series of policies issued by the state, China has become the second largest economy, and China has the largest market, so many foreigners will be willing to come to China for market trade, and gradually many countries are willing to use RMB for trade.

It is precisely because of this that China's international status has risen, its international influence has increased, and its position in the economy has also continued to improve, making China's RMB recognized as an international currency and recognized by many countries.


Now we all know that the price of oil in China is very high, so in this case, China is more willing to import oil from other countries. For those exporting countries with a large amount of oil, they will be willing to use RMB in order to conclude transactions and trade with China, which will facilitate the trade between the two countries. At this time, China's RMB has gradually become one of the payment methods for oil trade settlement.

Therefore, if you want your national currency to become an international currency, you must improve your country's international status, influence and other aspects. When the strength of our country rises, the position of currency will be raised naturally.

Summary

China has long recognized this, so we will unswervingly promote the internationalization of China's RMB, so that more people can recognize the RMB and are willing to use it. At the same time, we should further open up material trade with other countries, and continue to improve the international influence of the RMB. This is a situation that many people want to see!