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Why not put the money into the domestic market after buying so many national bonds?
First of all, we must understand the relationship between foreign exchange reserves and government finance.

Foreign exchange reserves: managed by the central bank; Sources: such as foreign institutions, corporate investment loans, personal remittances, etc. Exchange US dollars or other countries' currencies with domestic banks for RMB. To put it bluntly, our central bank exchanges US dollars brought into China by foreign companies, expatriates and foreign banks for RMB. , not our own.

And you mean, I hope the government will invest in China, which is to improve people's livelihood! Let the people live a better life, which belongs to the financial category of the government. The general people's livelihood is funded by the government, which is managed by the Ministry of Finance, and its income mainly comes from taxes; Expenditure includes a lot: military expenditure, salaries of civil servants and teachers, social welfare, etc. And improve the living environment of ordinary people;

The Central Bank and the Ministry of Finance are two independent institutions. If the Ministry of Finance casually takes money from the central bank, it is equivalent to printing money, so the money will depreciate.

If the foreign exchange reserves are used in China, it will also cause currency depreciation, because the equivalent RMB has been given to those exchangers (foreign companies, foreign banks, overseas Chinese, etc.). ); If you use the money again, it will cause too much money, which will lead to inflation and rising prices, and return to the situation that people used a sack of money to buy a box of matches before liberation.

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Please indicate the source of the work of the old uncle in the wheat field.