1. The benefits of RMB internationalization mainly come from international seigniorage. The most typical example is the dollar. American currency has become the world currency, and it is used all over the world. The United States imposes seigniorage on the whole world. For example, it was supposed to issue 40 trillion US dollars, and the United States could issue 80 trillion US dollars, of which 40 trillion US dollars was American seigniorage. According to some data, the internationalization of the US dollar during 198 1-2002 not only made the United States obtain huge seigniorage income, but also brought the US financial industry a net income of 274.8 billion US dollars. It is preliminarily estimated that if RMB is internationalized in 20 10, the net income of China's financial industry will be 30.7 billion yuan from 20 10 to 2020.
2. It helps to reduce the scale of foreign exchange reserves. The internationalization of RMB will relieve the pressure of China's high foreign exchange reserves to some extent. The huge foreign exchange reserves have brought unprecedented pressure to China's monetary policy, and the promotion of RMB overseas circulation and RMB internationalization has a certain effect on alleviating the excessive growth of China's foreign exchange reserves. In addition, the internationalization of RMB can reduce China's demand for other international savings currencies, such as the US dollar, and help reduce the scale of foreign exchange reserves.
3. It helps to prevent and reduce exchange rate risks. With the sustained and rapid development of foreign trade, China enterprises hold a large number of foreign currency claims and debts. Due to the high risk of currency exposure, exchange rate fluctuations will cause losses to enterprises. After the internationalization of RMB, RMB has been widely accepted in the international financial market. Enterprises, investors and residents in China can use RMB for pricing and settlement in international economic transactions, and the risk of exchange rate fluctuations and currency transaction costs in foreign trade and investment have also been reduced. Driven by reducing exchange rate risk and transaction cost, it will further promote the development of China's foreign economy.
4. Help to enhance international status. With the internationalization of RMB, China has gradually mastered the right to issue and adjust an international currency, and its voice in global economic activities will also increase, which is very important for improving China's position and influence in the international economy. For a long time, the situation of "China is a big trading country and a small currency country" will gradually change with the internationalization of RMB, and the pattern of the global monetary system will also undergo major adjustments with the internationalization of RMB.
1. RMB refers to the currency issued by the People's Bank of China according to law, including (banknotes and coins).
Paper money is a compulsory value symbol issued by the state (or some regions) to replace the metal currency in circulation. At first, people thought that only metal money was money. After paper money, paper money and other value symbols appeared, people brought them into the currency range. Later, I gradually realized that bank deposits have the same nature as paper money, which can be used to buy goods and pay for services. In addition, there are frequent conversions between bank deposits and metal money and paper money. Metal currency, paper money, etc. They are all deposited in the bank, that is, bank deposits, which are taken out of the bank, that is, metal currency, paper money and other currencies. This transformation between metal currency, paper money and bank deposits is not a transformation between currency and non-currency, but a transformation between two different forms of currency.