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If RMB revalues sharply, then bitcoin will

Publish: 2021-04-17 06:32:29
1. LPR is the loan market quoted rate published by the national interbank lending center. The interest rate will be released once a month from August 20, 2019. In fact, LPR has been on trial since August 20, 2019. LPR includes one-year and five-year. The LPL in January 2021 has not yet been announced. The LPR in December 2020 is 3.85 for one year and 4.65 for five years
I don't understand why your LPL has not yet come into effect.
2. bitcoin bubble resembles tulip bubble
3.

The sharp appreciation of RMB must have its reasons. I think it has something to do with the continuous improvement of China's international status. Because the higher a country's international status, the higher its credibility in the world, that is to say, more and more countries believe that they feel that their country has strong enough ability to ensure the stability and convertibility of their currency value{ RRRRR}

there should be some other factors for the rising value of RMB. The above opinions only represent personal views on this matter. There will certainly be many professionals specializing in finance, or banks will have their own internal opinions, will also have more mature and reliable ideas, Of course, the Internet society is a place where people can freely express their ideas and opinions

4.

RMB is what we use every day. It's not only RMB, but also many other currencies in the world. It's an international level and involves the issue of exchange. Naturally, the biggest one is the United States, so the United States is the only common world currency at the beginning, but it has graally changed. For example, recently, RMB began to rise, People began to wonder about the sharp appreciation of RMB. What is the reason for the appreciation? In fact, in my opinion, China's position in the world is constantly improving, and science and technology has also entered the forefront of the world

, of course, including this time New Coronavirus, our country is brave and responsible, and also concerned about the security issues at the world level. Therefore, it is suggested that once a vaccine is available to the whole world, it is also a kind of love that everyone can see. So China's status in the world is getting better and better, and the RMB appreciation has increased significantly. This is a good development

5. The expectation of RMB appreciation makes a large number of international hot money flow in and out in a short time, which will do great harm to China's financial security. The Asian financial crisis some time ago was triggered by these hot money. The other is that it will give a heavy blow to China's export-oriented manufacturing instry. Most of China's export procts are low value-added procts, which are very sensitive to the exchange rate. The rise of the exchange rate has made many export-oriented manufacturing instries such as Shenzhen in a semi-stop state
6. First of all, at present, the currencies issued by all countries belong to the inflation type (unless bitcoin is the deflation type). Let alone appreciation, it would be nice not to devalue too fast, because all countries have the tendency of issuing excess currencies to stimulate the economy. Second, China is currently implementing RMB cross-border payment and settlement. If people in other countries want to accept RMB settlement, then RMB needs to be able to appreciate or at least not depreciate. Therefore, from the perspective of policy orientation, there will be a tendency to support the value of RMB. Third, appreciation is a relative concept. In the case of inflation rates in all currencies, as long as the depreciation rate of RMB is slower than that of other currencies, it means that RMB has appreciated relative to other currencies.
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