RMB digital currency cannot be exchanged for us dollar and gold
Publish: 2021-05-19 10:23:55
1.
don't understand? In fact, it is a kind of supplementary international reserve asset, the unit of account of IMF and other international organizations, also known as "paper gold"< In other words, SDR is not a power, but a reserve currency, which is similar to gold dollar and can be used as a country's foreign exchange reserve
If a country's currency becomes the currency of SDR, it will be regarded as the world's currency, which has a worldwide storage function. At present, the currencies in the SDR basket include the US dollar, the euro, the British pound and the Japanese yen
the IMF evaluates the SDR basket every five years. In general, it adjusts the weights of currencies in the basket and considers the inclusion of other currencies. So far, the only currency replacement in the SDR basket occurred in 1999, when the euro replaced the German mark and French franc
the IMF's adoption of RMB as a new member of the SDR basket is equivalent to a "3A" for RMB by the international community. Although the weight of RMB in SDR may be lower than expected, there are still opportunities for RMB under the five-year assessment
what is the significance of RMB being included in SDR? Some people may ask: SDR can't be seen, can't be touched, and can't be spent. What's the benefit of RMB joining SDR for China
RMB's accession to SDR, however, is the first time that the IMF has used an emerging economy currency as a reserve currency, which will greatly enhance the position of RMB in the international monetary arena. China will gain a greater voice in the future world economic activities, which is of great symbolic significance< Of course, the benefits of BR / > are not only symbolic. From the domestic perspective, China's accession to the SDR will catalyze domestic financial reform. China's asset prices will graally become international, and asset bubbles will graally be resolved.
from an international point of view, joining the SDR means that RMB has become the world currency in the true sense, and has become the official currency of more than 180 member countries of the International Monetary Fund. The internationalization of RMB will cross a big hurdle< Some analysts say that if China's accession to the WTO promotes the development of China's export-oriented economy, then China's accession to the SDR may finally make a firm foothold in the international financial arena
the Great Wall was not built in a day, and the successful incorporation of RMB into SDR is also a new beginning. A convertible and freely usable international currency is the goal RMB will strive for in the next five years
Central Bank response:
the people's Bank of China welcomes the decision of the Executive Board of the IMF to include RMB in the SDR basket, which affirms the achievements of China's economic development and reform and opening up. China appreciates the hard work of the IMF's management and staff in the SDR review process and the support of the majority of Member States. The entry of RMB into SDR will help to enhance the representativeness and attractiveness of SDR and improve the current international monetary system, which is a win-win result for China and the world. The entry of RMB into SDR also means that the international community has more expectations for China to play a positive role in the international economic and financial arena. China will continue to unswervingly push forward the strategic deployment of comprehensively deepening reform, accelerate financial reform and opening up, and make positive contributions to promoting global economic growth, maintaining global financial stability and improving global economic governance
how does RMB joining SDR affect you and me? How does RMB joining SDR affect you and me? Before that, some people had been worried that RMB's inclusion in SDR would lead to RMB's "diving" and devaluation
in this regard, experts said that at present, there is no sign of large-scale or lasting depreciation of RMB. Yi Gang, vice governor of the central bank, also said earlier this month that after the RMB is included in the SDR, it will remain stable at a reasonable and balanced level
in fact, the inclusion of RMB into SDR can increase the recognition and confidence of the international market for RMB, rece the pressure of RMB devaluation, and help the people of our country to have a stronger RMB
apart from the exchange rate, what other impact will it have on you and me? With more benefits coming, it is no longer a dream for one coin to go around the world
it's easier to travel abroad“ The "go, go" tourism will no longer be a dream. Traveling and shopping abroad can be settled directly in RMB. There is no need to exchange foreign exchange, and there is no need to worry about exchange rate costs and risks
it is more convenient to buy houses and speculate in stocks abroad. Want to buy a house abroad? It can be settled directly in RMB. Do you want to invest in foreign stocks? Indivial cross-border investment is more free and convenient
trade settlement is more advantageous. Enterprises' import and export commodities and cross-border transaction investment can be priced in RMB, which reces the exchange rate risk and exchange cost. It will become history to worry about the fluctuation of the US dollar.
Hello, according to your question, at present, there is no saying that RMB can buy digital currency, so this should not happen
don't understand? In fact, it is a kind of supplementary international reserve asset, the unit of account of IMF and other international organizations, also known as "paper gold"< In other words, SDR is not a power, but a reserve currency, which is similar to gold dollar and can be used as a country's foreign exchange reserve
If a country's currency becomes the currency of SDR, it will be regarded as the world's currency, which has a worldwide storage function. At present, the currencies in the SDR basket include the US dollar, the euro, the British pound and the Japanese yen
the IMF evaluates the SDR basket every five years. In general, it adjusts the weights of currencies in the basket and considers the inclusion of other currencies. So far, the only currency replacement in the SDR basket occurred in 1999, when the euro replaced the German mark and French franc
the IMF's adoption of RMB as a new member of the SDR basket is equivalent to a "3A" for RMB by the international community. Although the weight of RMB in SDR may be lower than expected, there are still opportunities for RMB under the five-year assessment
what is the significance of RMB being included in SDR? Some people may ask: SDR can't be seen, can't be touched, and can't be spent. What's the benefit of RMB joining SDR for China
RMB's accession to SDR, however, is the first time that the IMF has used an emerging economy currency as a reserve currency, which will greatly enhance the position of RMB in the international monetary arena. China will gain a greater voice in the future world economic activities, which is of great symbolic significance< Of course, the benefits of BR / > are not only symbolic. From the domestic perspective, China's accession to the SDR will catalyze domestic financial reform. China's asset prices will graally become international, and asset bubbles will graally be resolved.
from an international point of view, joining the SDR means that RMB has become the world currency in the true sense, and has become the official currency of more than 180 member countries of the International Monetary Fund. The internationalization of RMB will cross a big hurdle< Some analysts say that if China's accession to the WTO promotes the development of China's export-oriented economy, then China's accession to the SDR may finally make a firm foothold in the international financial arena
the Great Wall was not built in a day, and the successful incorporation of RMB into SDR is also a new beginning. A convertible and freely usable international currency is the goal RMB will strive for in the next five years
Central Bank response:
the people's Bank of China welcomes the decision of the Executive Board of the IMF to include RMB in the SDR basket, which affirms the achievements of China's economic development and reform and opening up. China appreciates the hard work of the IMF's management and staff in the SDR review process and the support of the majority of Member States. The entry of RMB into SDR will help to enhance the representativeness and attractiveness of SDR and improve the current international monetary system, which is a win-win result for China and the world. The entry of RMB into SDR also means that the international community has more expectations for China to play a positive role in the international economic and financial arena. China will continue to unswervingly push forward the strategic deployment of comprehensively deepening reform, accelerate financial reform and opening up, and make positive contributions to promoting global economic growth, maintaining global financial stability and improving global economic governance
how does RMB joining SDR affect you and me? How does RMB joining SDR affect you and me? Before that, some people had been worried that RMB's inclusion in SDR would lead to RMB's "diving" and devaluation
in this regard, experts said that at present, there is no sign of large-scale or lasting depreciation of RMB. Yi Gang, vice governor of the central bank, also said earlier this month that after the RMB is included in the SDR, it will remain stable at a reasonable and balanced level
in fact, the inclusion of RMB into SDR can increase the recognition and confidence of the international market for RMB, rece the pressure of RMB devaluation, and help the people of our country to have a stronger RMB
apart from the exchange rate, what other impact will it have on you and me? With more benefits coming, it is no longer a dream for one coin to go around the world
it's easier to travel abroad“ The "go, go" tourism will no longer be a dream. Traveling and shopping abroad can be settled directly in RMB. There is no need to exchange foreign exchange, and there is no need to worry about exchange rate costs and risks
it is more convenient to buy houses and speculate in stocks abroad. Want to buy a house abroad? It can be settled directly in RMB. Do you want to invest in foreign stocks? Indivial cross-border investment is more free and convenient
trade settlement is more advantageous. Enterprises' import and export commodities and cross-border transaction investment can be priced in RMB, which reces the exchange rate risk and exchange cost. It will become history to worry about the fluctuation of the US dollar.
4. Hehe, the above friend's calculation is wrong, and the conversion between ounces and grams is wrong. Because RMB can't be freely convertible in the world, the fast trading you proposed can't be achieved. I'll teach the questioner a way, that is, to exchange RMB into US dollars. In this way, it's very fast and flexible to trade gold in US dollars. Whether it's US dollars or RMB, it's in your account anyway, Then you can change it into RMB.
5. If it is international gold, it must be RMB for us dollar and then gold! Domestic is gold exchange RMB exchange dollar!
6. Cash purchase: refers to the exchange rate used by banks to purchase foreign currency cash. This foreign exchange deposit is transferred from the customer's name to the bank's name from the moment the customer sells it to the bank. As long as the bank does the corresponding accounting processing, it can immediately get the foreign exchange deposit in foreign banks, and can immediately start to calculate the interest
the middle rate of foreign exchange, also known as the middle exchange rate, is the average of the buying exchange rate and the selling exchange rate. Its calculation formula is: middle exchange rate = (buying exchange rate + selling exchange rate) ÷ 2
the selling price of foreign exchange is also known as the selling rate. The selling price of foreign exchange by banks corresponds to the buying price of foreign exchange
the middle rate of foreign exchange, also known as the middle exchange rate, is the average of the buying exchange rate and the selling exchange rate. Its calculation formula is: middle exchange rate = (buying exchange rate + selling exchange rate) ÷ 2
the selling price of foreign exchange is also known as the selling rate. The selling price of foreign exchange by banks corresponds to the buying price of foreign exchange
7. You are a great humorist! Funny King! Your assumption is just your subjective assumption, which is impossible.
first of all, you won't have 1 million US dollars or even 1 million Chinese dollars.
Second, you say 1 US dollar is converted into 5 RMB?? Ha ha, it's so funny. You can think about it again in 10 years' time. One truth is that there are no old ups and downs, 30 years of Hedong and 30 years of Hexi. This is a cause and effect cycle. It will never change. The US dollar began to appreciate in the second half of this year.
finally, I want to answer your question.
first, it has been decades after all, In the world, there is only one kind of hard currency with the trinity of international reserves, trade settlement and commodity pricing: dollar bill (you can buy bulk commodities wherever you take us dollars, because only US dollars have the power to price bulk commodities, and taking RMB out of the country is waste paper that cannot be spent, because RMB never has the power to price),
Second, according to the cause and effect cycle, there is no rising RMB, Of course, there is no old falling dollar.
3. Unless RMB is internationalized, RMB has pricing power. There is a possibility, but the optimistic estimation is that it will be what you said 10 years later. From a long-term point of view (just after the reform and opening up, 1 US dollar was 1.2 yuan in 1979, 1 US dollar was 8.7 yuan in 1994, and China started the exchange rate reform in 2005, The U.S. dollar began to depreciate from 8.3 yuan to 6.5 yuan, and RMB rose. Holding RMB is better than the U.S. dollar?? Of course, in exchange for U.S. banknotes, because it is a hard currency - to collect and hold it, you have to choose a well-known currency with a strong value. No matter when or where you go, you can go to the bank to exchange it for money, make the best use of everything, and do not waste a cent of resources
first of all, you won't have 1 million US dollars or even 1 million Chinese dollars.
Second, you say 1 US dollar is converted into 5 RMB?? Ha ha, it's so funny. You can think about it again in 10 years' time. One truth is that there are no old ups and downs, 30 years of Hedong and 30 years of Hexi. This is a cause and effect cycle. It will never change. The US dollar began to appreciate in the second half of this year.
finally, I want to answer your question.
first, it has been decades after all, In the world, there is only one kind of hard currency with the trinity of international reserves, trade settlement and commodity pricing: dollar bill (you can buy bulk commodities wherever you take us dollars, because only US dollars have the power to price bulk commodities, and taking RMB out of the country is waste paper that cannot be spent, because RMB never has the power to price),
Second, according to the cause and effect cycle, there is no rising RMB, Of course, there is no old falling dollar.
3. Unless RMB is internationalized, RMB has pricing power. There is a possibility, but the optimistic estimation is that it will be what you said 10 years later. From a long-term point of view (just after the reform and opening up, 1 US dollar was 1.2 yuan in 1979, 1 US dollar was 8.7 yuan in 1994, and China started the exchange rate reform in 2005, The U.S. dollar began to depreciate from 8.3 yuan to 6.5 yuan, and RMB rose. Holding RMB is better than the U.S. dollar?? Of course, in exchange for U.S. banknotes, because it is a hard currency - to collect and hold it, you have to choose a well-known currency with a strong value. No matter when or where you go, you can go to the bank to exchange it for money, make the best use of everything, and do not waste a cent of resources
8. I'm not sure how to change it into dollars
but you can buy "physical gold" in the bank
if you still want to buy and sell gold, you can make paper gold
if you go to CCB or bocom, they can give you answers.
but you can buy "physical gold" in the bank
if you still want to buy and sell gold, you can make paper gold
if you go to CCB or bocom, they can give you answers.
9. Because the exchange rate of 1:1 between us dollar and RMB will severely hit China's exports, which is not concive to the sustainable growth of China's economy. Appreciation means the rise of foreign exchange rate and the fall of local currency. Depreciation means the fall of foreign exchange rate and the rise of local currency. For example, the appreciation of RMB is equivalent to the depreciation of US dollar.
10. With my poor knowledge, I just want to say that gold is a symbol of money's purchasing power to a certain extent, so it's unreasonable to invest most of the assets in gold. Theoretically, if you use so much capital to maintain the value, no matter whether you increase the value by 20% or 5:1, 6.5:1, it's not a loss & gain, but in reality, you still have to consider many factors:
1 Supply factors
(1) gold stock on the earth: there are about 137400 tons of gold in the world at present, and the stock of gold on the earth is still growing at a rate of about 2% every year
(2) annual supply and demand (3) new gold mining cost (4) political, military and economic changes in gold procing countries
(5) gold selling by the central bank
2. Demand factors
(1) changes in actual demand for gold (jewelry instry, instry, etc.) (2) hedging (3) speculative demand
3 Other factors
(1) US dollar exchange rate (2) monetary policies of various countries (3) inflation (4) international trade, fiscal and foreign debt deficits
(5) international political turmoil, war, terrorist events, etc. (6) stock market quotation (7) oil price
I can only say that I agree with you to a certain extent about the future appreciation of gold, but RMB will certainly be short-term, I still don't agree with it for a long time.
the first question should be: since it's speculation, generally speaking, if the US dollar goes up, the gold price will fall, and if the US dollar goes down, the gold price will rise, so it's cost-effective to buy at 6.5:1 (if RMB is used as the unit in China).
Second: of course, it's a profit.
please forgive me if I'm wrong, After all, I'm still a rookie after 95 ~
if it's priced in US dollars, it's 5:1 buying to earn money
1 Supply factors
(1) gold stock on the earth: there are about 137400 tons of gold in the world at present, and the stock of gold on the earth is still growing at a rate of about 2% every year
(2) annual supply and demand (3) new gold mining cost (4) political, military and economic changes in gold procing countries
(5) gold selling by the central bank
2. Demand factors
(1) changes in actual demand for gold (jewelry instry, instry, etc.) (2) hedging (3) speculative demand
3 Other factors
(1) US dollar exchange rate (2) monetary policies of various countries (3) inflation (4) international trade, fiscal and foreign debt deficits
(5) international political turmoil, war, terrorist events, etc. (6) stock market quotation (7) oil price
I can only say that I agree with you to a certain extent about the future appreciation of gold, but RMB will certainly be short-term, I still don't agree with it for a long time.
the first question should be: since it's speculation, generally speaking, if the US dollar goes up, the gold price will fall, and if the US dollar goes down, the gold price will rise, so it's cost-effective to buy at 6.5:1 (if RMB is used as the unit in China).
Second: of course, it's a profit.
please forgive me if I'm wrong, After all, I'm still a rookie after 95 ~
if it's priced in US dollars, it's 5:1 buying to earn money
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