Foreign media the internationalization of RMB into the fast track

Results

new study according to the reference news network reported on July 12th the Institute of international finance 10 released by the display, Chinese Cheap Patriots Hats RMB position in the global financial sector rising over the past year, its usage has more than doubled.

global usage in

according to Agence France-Presse reported in July 10th, although less than the dollar and the euro, RMB used in system in Cheap Buccaneers Hats international payment rate is still achieved growth, total transaction 1.4%.

Research on

International Finance Association says the rise, let it in Hong Kong dollars and Singapore dollars, rate ranked sixth Swiss francs in parallel with the global transaction.

inverted position in dollar Zhanya trade finance, the yuan last year jumped to second place, ahead of the euro and the yen, accounting for 8% of the trading volume.

despite the use of Beijing still strict control of the yuan, but the yuan remains foreign exchange trading volume on Cheap Cardinals Hats the market's ninth largest currency, average daily trading volume reached US $120000000000, $34000000000 in 2010. Cheap Bengals Hats

International Finance Association is a major global banks association. In this study, the progress of RMB has occurred in the Beijing slowly let go of the international use of the yuan as.

The use of

RMB rate is still well below Chinese occupies in the global economy: Chinese components accounted for nearly 12% of Global trade flows of capital flow 11%.

RMB in the international trade in the share of 1.4% well below the euro 42.5% and US $31%.

American excluded?

USA "Wall Street daily" web site reported in July 10th that, in recent years, China and global many countries signed a series of monetary agreement. Notable is, one exception, that is America.

picture: pedestrians in Beijing from the people's Bank of China building before and after (May 3, 2012). Xinhua News Agency

Chinese government has been promoting the yuan in the global trade, investment and finance play a greater role, this is one of the reform China backward financial system, Chinese also hope some day in the future to challenge the dominance of the dollar in the international monetary system. In order to promote the yuan in the global arena, Beijing efforts to promote the Chinese outside mainland RMB trading center was established, and settled in Renminbi to provide convenience for foreign banks to buy renminbi.

since 2009, China central bank has more than 20 countries or regions including Britain and Australia, Central Bank signed a total $403000000000 currency swap agreement. But America not in the. In the past few weeks, the people's Bank of China also through establishing or promised to set up RMB clearing bank in some countries, to promote RMB in global trade. These countries including the UK, France, Luxemburg and South korea. USA again excluded.

participate in the development of Cheap Packers Hats a Chinese monetary policy official said: "at present, America for our >