Expert RMB into the basket after the SDR exchange rate will be more stable-puritans pride

Expert: RMB into the basket after the exchange rate will be more stable SDR Sina exposure platform: letter Phi lag behind false propaganda, the performance of long-term lower than similar products, how to buy funds pit? Click [I want to complain], Sina help you expose them! Wei Benhua: RMB "into the basket" SDR after the exchange rate will be more stable – after each intern reporter Zhang Shoulin in October 1st, People’s Republic of China National Day, the RMB will be officially into the basket of special drawing rights (SDR), carefully grasp, the Fed is expected to raise interest rates before the end of the continuous temperature rise in. In this context, the RMB exchange rate in the next period of time what will happen? In September 28th, "international standard definition of Supply Chain Finance Conference", "daily economic news" reporter (hereinafter referred to as NBD) interviewed senior researcher, Renmin University of China Chongyang Institute of finance, deputy director of the State Administration of foreign exchange in the International Department of the people’s Bank of China former Secretary Wei Benhua. Wei Benhua analysis said, adding the RMB IMF (International Monetary Fund) special drawing rights, SDRs will run according to the composition of new basket of 5 currencies, this is the international monetary system and a new beginning, will enhance the RMB in the international financial market confidence, more conducive to the stability of the RMB exchange rate. To better reflect the changes in the financial market of RMB NBD SDR absorption: President Zhou Xiaochuan has pointed out that the international community should gradually to SDR as the reporting currency denominated bonds and the issuance of SDR, using SDR as the reporting currency, the balance sheet is more objective. In this regard, how should we understand? Wei Benhua: SDR in the absence of the yuan into the basket before, by the dollar, euro, pound and yen composition of 4 major currencies. RMB will be officially joined in October 1st, basket composition will become 5 currencies. Of course, the dollar is still the largest proportion of 41.9%. Each country such as foreign investment or reserve positions, only as a single currency, then the single currency in the international financial market, it will be affected by various factors, there are relatively large amplitude changes. This signal to the financial markets will be incomplete, easily misleading financial market expectations. How much for the SDR to express the national reserve, or other major macroeconomic figures, because it is composed of 5 currencies, with respect to any other kind of currency, it changes more stable or relatively softer, can more objectively reflect the changes in the financial market. So President Zhou Xiaochuan made such an appeal, and to promote the use of SDRs in China to reflect China’s reserve figures. It can be said with a good head. We do hope that other countries, especially the impact of the international financial market is relatively large country can keep up with the pace of Chinese, we have as much as possible to use SDRs to reflect their own economic situation, which is conducive to the reform of the international monetary system. Expand the scope of the use of SDR in order to play a role in stabilizing the global financial NBD:8 30, the world bank issued the first phase of the S market in China’s interbank market相关的主题文章: