Actually, it's not like this. Renminbi is just our domestic name. In China, whether it is official or private, it is called RMB, which sounds very smooth. But it has another name in the world, and that is the China dollar. Hearing this name, many people laughed. Such a careless mouth is worse than RMB. It is not surprising to be called "RMB", but many people have not carefully observed it, because the English abbreviation of RMB is "CNY", which is the abbreviation of "RMB". So it should be translated into "China dollar" instead of RMB. In today's peaceful society, currency is the core competitiveness of a country. ?
The reason why the United States is so arrogant is because of the hegemony of the dollar. Since 1960s+0940s, a global currency settlement system dominated by US dollars has been established. Whether it is foreign trade settlement or oil settlement, it is inseparable from the US dollar. The dollar is the most valuable currency in the world. All countries come to buy US Treasury bonds. Japan is the largest holder of US Treasury bonds, and China is the second largest holder, holding more than $65,438+0 trillion. Therefore, once the United States encounters economic problems, it will start to issue American bonds and collect wool all over the world. ?
Affected by the epidemic in 2020, due to the economic recession, the United States will continue to increase the issuance of US debt. At present, its debt is $27.5 trillion, far exceeding the GDP of the United States. However, in recent years, the status of the dollar has been declining, which has brought a sense of crisis to the United States. At present, the top five currencies in the world are USD, EUR, GBP, JPY and RMB. By June 2020 165438+ 10, the international payment proportions of these five currencies were 39.56%, 34. 13% and 7.27% respectively. 3.55%,2.09%。 In the past, China not only relied on the growth of domestic demand, but also relied on the contribution of foreign trade to vigorously develop its economy. After decades of development, China has become the largest trading country in the world and the largest trading partner of more than 20 countries. However, trade with other countries is mainly settled in US dollars, and the status of RMB is not enough. ?
Morgan Stanley, an internationally renowned investment bank, published a report saying that by 2030, the proportion of RMB in global foreign exchange reserve assets will increase to 5% to 10%, surpassing the proportion of Japanese yen and British pound, becoming the second largest currency after US dollar and British pound. The euro is the third largest reserve currency in the world. In fact, the state of money is closely related to the economy. Japanese media predicted that by 2028, China will replace the United States and become the world's largest economy. Therefore, the RMB will become the world currency. In the future, the status of RMB will continue to rise and become the settlement currency of many countries in the world. ?