Remind Yao Silin's friends that paper money is just a currency symbol. It has no value in itself. Its significance lies in being a substitute for recognized currencies such as gold. If the growth rate of gold reserves is much higher than that of paper money issuance, you will see that 50 cents can buy more things. Because the gold content of 50 points is higher, the appreciation of RMB is due to the very high accumulation of foreign exchange reserves in China, which means that foreign gold reserves flow into China in large quantities. Since the exchange rate reform, you will see the appreciation of RMB.

Landlord, if there is inflation, it doesn't necessarily mean that your deposit will depreciate. I mean, if your deposit interest rate is higher than inflation, or your investment income is higher than inflation, your deposit will not shrink. There is no necessary causal relationship between the appreciation of RMB and the depreciation caused by inflation. For foreign currency, the appreciation of RMB may also be caused by the depreciation of the other party. Depreciation refers to the purchasing power of paper money, which may be caused by excessive liquidity of paper money, or it may be.