In ancient times, people usually used shells as money. With the development and progress of the times, the standard media for measuring value are constantly developing. People used bronze knives, and paper money was used for the first time in the Northern Song Dynasty, which was called "Jiaozi". However, the most common is the use of precious metals. Copper coins, silver dollars and gold have been widely used in Chinese history.
Monetary reform has promoted people's consumption desire and facilitated people's consumption. Renminbi is issued by the state in various denominations, which is extremely important for daily transactions. Under the background of such rapid development, what is the development direction of RMB? How do foreigners view RMB?
1. RMB is developing in the digital direction, and the central bank is constantly promoting the electronic version of RMB.
After money changed from heavy metal to paper money, its weight and volume were greatly reduced. However, with the continuous development of society, paper money has also been restricted to a certain extent. The first is the volume problem. Paper money still has a certain volume. If the number is large, the volume will no longer meet people's daily travel needs.
In recent years, China's economy has developed rapidly and commodity prices have risen. At the same time, people's consumption ceiling is constantly being refreshed. Now it costs hundreds of thousands or even millions to buy a car casually. If you trade directly with paper money, you have to bring a lot of money. Walking in the street with a lot of money, it is easy to be targeted by criminals and endanger life. In view of this, the Bank of China is constantly promoting the electronic currency.
In the spring of 2020, the world was once again hit by the COVID-19 epidemic. Under the requirements of the epidemic, people can only stay at home and not go to the streets. In this era, electronic money has played a huge role, and people rely on the Internet for consumption. Then directly deduct the corresponding expenses from your bank account, and the digital transaction greatly reduces the infection caused by people's second contact.
Digital trading not only prevented the second contact of COVID-19 epidemic, but also reduced people's risk of infection. In the face of other diseases, digital transactions can also effectively reduce the risk of infection. Another obvious advantage of digital transactions is the convenience of payment. Digital transactions can directly pay the first-level units with smaller scores, avoiding change.
Second, the RMB has become a foreign exchange reserve asset of many foreign countries.
With the rapid development of China, China's currency has won more recognition internationally. We know that. When we go abroad, we must exchange money before we can spend it abroad. If you don't exchange foreign currency, our country's currency is not applicable in this country at all, just like a piece of paper, which has no value and can't be used to exchange goods or transactions.
But in recent years, most foreign countries have recognized and respected China very much. China's currency status is also rising, and RMB has become one of the currency baskets. At the same time, many countries have regarded RMB as their foreign exchange reserves.
In addition, China's currency is constantly appreciating. In 2005, the exchange rate between US dollar and RMB was as high as 8.27, that is, 1 US dollar was equivalent to 8.27 RMB, but now the exchange rate between US dollar and RMB has reached 6.00. The decline in the exchange rate between the US dollar and the RMB reflects the continuous appreciation of the RMB, so many people are willing to change their money into RMB and deposit it in the bank.
Three. International common symbol of RMB
In China, the English abbreviation of RMB is "RMB", but it is not an international symbol. The international symbol of RMB is "CNY", but this abbreviation is not common in China, and mainly appears abroad. In addition, if we pay attention to some deposit or withdrawal services of banks, we will find that "CNY" is used in bank invoices instead of "RMB".
In recent years, China has increasingly close ties with other countries in the world, and China has established good and stable trade relations with most other countries. Other countries in the world have also seen China's strength, recognized our ability and recognized our country's currency. China has gradually become one of the most widely used currency types after the US dollar and the euro.
Summary:
With the rapid development of China, the international recognition of China's currency is also increasing. More and more countries begin to use RMB in China and regard RMB as one of their foreign exchange reserves. The influence of RMB is increasing, and the future RMB is also developing in the direction of digitalization, and it is likely to be equally divided with the US dollar and the Euro in the future.