Do you use digital currency instead of RMB in the future
Publish: 2021-04-09 08:50:53
1. Can also be used, there is a digital currency does not mean that the RMB can not be used
2. Digital currency is just some virtual currency, which is different from our paper currency. It only exists in numbers, but it also plays the same role as paper currency.
3.
When the new currency was first issued last year, it caused quite a stir. Many people like the appearance of the new version of RMB on the Internet. Because of its small number, some people even bought RMB on Taobao. This is a very unusual phenomenon
when the new version of RMB was first issued, people seldom got it or couldn't get it. This is a very normal phenomenon. We all think that the new version of RMB has a small number when it was first issued, and its circulation is not enough. Therefore, we seldom see it. We can only see it online. But so far, the new version of RMB has been issued for one year, According to the normal progress, it has been implemented nationwide and should be popularized, but why is the new version of RMB still rare now{ RRRRR} digital currency is a kind of currency which is different from the real currency of the real economy. It has its own specific purchasing power, but it can only be purchased in a specific place. Take a simple example, for example, if you play a certain game and the gold coins circulating in the certain game, then it belongs to a kind of digital currency
digital currency can be transformed into currency in normal market circulation in some way, but it can only be used in a scenic area, so it can't be consumed directly in real society< br />
4. In my world, it's bedrock
5. The financial market is a battlefield without smoke! Central banks, international speculators and investors all play games with each other! This time international speculators short RMB is not without reasons: 1. The federal funds rate of the United States has been higher than the benchmark interest rate of China, and there is obvious interest rate spread income! 2. The return of interest margin leads to the return of US dollar and accelerates the strong pattern of US dollar. When RMB devalues, US dollar will appreciate and make another profit! 3. China's stock market and property market investment income is not high, will let the capital flight
why doesn't China raise interest rates? There are several problems: 1. The real estate market is in the process of deleveraging, and there is a great risk of tightening credit at this time; 2. The risk of equity pledge of private enterprises is very high, otherwise they will not use state-owned assets to help; The people's Bank of China has a big headache. It's hard to control the domestic financial risk of interest rate increase, and the RMB continues to depreciate without interest rate increase
the Central Bank of China has intervened once last time, which is called RMB "counter cyclical factor", but it's just a small scene
the intervention of the central bank mainly has a short-term effect, and its purpose is to intervene in "excessive speculation and malicious short selling"! What really affects the trend of exchange rate is: interest rate level, economic quality, monetary policy, fiscal policy, market long-term expectation
there are still examples of international speculators defeating the central bank in history, and they are the same person—— Soros< (1) in 1992, Soros successfully attacked the pound. In 1990, Britain decided to join the European exchange rate system (ERM), a new monetary system created by Western European countries. Soros believes that Britain has made a decisive mistake< In September 1992, speculators began to attack the weak currencies in the European exchange rate system, including the British pound and the Italian lira. The central banks of these countries have to spend a lot of money to support their currency exchange rates
the British government plans to borrow money from the international banking organization to prevent the continued depreciation of the pound, but this is like a drop in the bucket. Soros alone spent $10 billion in this battle with the British government. Soros took a short position of US $7 billion in the gamble and held a long position of US $6 billion mark. At the same time, considering that the devaluation of a country's currency usually leads to the rise of its stock market, Soros bought us $500 million worth of British shares and took a short position of German shares. If Soros is the only one to compete with Britain, the British government may still have a glimmer of hope, but the participation of many speculators in the world makes the strength of both sides in this competition greatly different, and it is doomed to the failure of the British government
Soros was the biggest winner in the attack on the pound, once described by the magazine as the man who defeated the Bank of England. Soros has made nearly US $1 billion from short trading in sterling. The long interest rate futures in Britain, France and Germany and short trading in Italian lira have made his total profit as high as US $2 billion, of which Soros's personal income is one third. During the year, Soros's fund grew by 67.5%
(2) snipe the Thai baht and set up the White Wolf empty handed! Attack Hong Kong dollar without success< On July 2, 1997, the Thai government exhausted all its foreign exchange reserves and had to abandon the fixed exchange rate system and implement the floating exchange rate system. The Thai baht plummeted by 17% overnight. Soros successfully used a small amount of US dollars to repay his loan in the Bank of Thailand, making a net profit of billions of US dollars and leaving the market
in the same year, it hit Hong Kong's financial market, making the exchange rate of Hong Kong dollar decline all the way and the financial market in chaos. The Hong Kong Monetary Authority immediately entered the market, and the central government fully supported it. Under a series of counterattack actions, Soros's "battle" in Hong Kong failed and suffered heavy losses< (3) short yen and rise Japanese stocks -- Abe trading
from September 2012 to may 2013, Soros Fund Management Company, the world's largest foreign exchange investor, made us $1 billion through "Abe trading". Short yen became the first beneficiary, so a new term "Abe trading" came into being in the instry
from this campaign, Soros made $1 billion in yen and $500 million in Japanese stocks, reaching a total of $1.5 billion, equivalent to nearly RMB 10 billion. In only half a year, he has gained huge wealth
some of Soros's most famous viewpoints, such as "the law of the forest", "weakness breaking" and "herding", explain his logic of shorting. On the surface, the most confusing and seemingly indestructible point of his prey must be his weakness, which must be broken by surprise
will RMB repeat the mistakes of pound sterling, Japanese yen and Thai baht? The answer is no
1. RMB is not a free exchange rate. There are both onshore and offshore quotations! There are also restrictions on the exchange of foreign exchange, making it more difficult to short
2. The trading scale of RMB is smaller than that of British pound and Japanese yen, which is helpful for the central bank to intervene in the exchange rate (small pond, less big fish!)
3. China has sufficient foreign exchange reserves to deal with international speculators
4. China has defeated international speculator Soros and accumulated sufficient experience
at present, the exchange rate of RMB is still within the expectation of the central bank, so there is no need to intervene in the market! After the domestic financial risks are resolved, the RMB exchange rate can return to the normal level again by raising interest rates.
why doesn't China raise interest rates? There are several problems: 1. The real estate market is in the process of deleveraging, and there is a great risk of tightening credit at this time; 2. The risk of equity pledge of private enterprises is very high, otherwise they will not use state-owned assets to help; The people's Bank of China has a big headache. It's hard to control the domestic financial risk of interest rate increase, and the RMB continues to depreciate without interest rate increase
the Central Bank of China has intervened once last time, which is called RMB "counter cyclical factor", but it's just a small scene
the intervention of the central bank mainly has a short-term effect, and its purpose is to intervene in "excessive speculation and malicious short selling"! What really affects the trend of exchange rate is: interest rate level, economic quality, monetary policy, fiscal policy, market long-term expectation
there are still examples of international speculators defeating the central bank in history, and they are the same person—— Soros< (1) in 1992, Soros successfully attacked the pound. In 1990, Britain decided to join the European exchange rate system (ERM), a new monetary system created by Western European countries. Soros believes that Britain has made a decisive mistake< In September 1992, speculators began to attack the weak currencies in the European exchange rate system, including the British pound and the Italian lira. The central banks of these countries have to spend a lot of money to support their currency exchange rates
the British government plans to borrow money from the international banking organization to prevent the continued depreciation of the pound, but this is like a drop in the bucket. Soros alone spent $10 billion in this battle with the British government. Soros took a short position of US $7 billion in the gamble and held a long position of US $6 billion mark. At the same time, considering that the devaluation of a country's currency usually leads to the rise of its stock market, Soros bought us $500 million worth of British shares and took a short position of German shares. If Soros is the only one to compete with Britain, the British government may still have a glimmer of hope, but the participation of many speculators in the world makes the strength of both sides in this competition greatly different, and it is doomed to the failure of the British government
Soros was the biggest winner in the attack on the pound, once described by the magazine as the man who defeated the Bank of England. Soros has made nearly US $1 billion from short trading in sterling. The long interest rate futures in Britain, France and Germany and short trading in Italian lira have made his total profit as high as US $2 billion, of which Soros's personal income is one third. During the year, Soros's fund grew by 67.5%
(2) snipe the Thai baht and set up the White Wolf empty handed! Attack Hong Kong dollar without success< On July 2, 1997, the Thai government exhausted all its foreign exchange reserves and had to abandon the fixed exchange rate system and implement the floating exchange rate system. The Thai baht plummeted by 17% overnight. Soros successfully used a small amount of US dollars to repay his loan in the Bank of Thailand, making a net profit of billions of US dollars and leaving the market
in the same year, it hit Hong Kong's financial market, making the exchange rate of Hong Kong dollar decline all the way and the financial market in chaos. The Hong Kong Monetary Authority immediately entered the market, and the central government fully supported it. Under a series of counterattack actions, Soros's "battle" in Hong Kong failed and suffered heavy losses< (3) short yen and rise Japanese stocks -- Abe trading
from September 2012 to may 2013, Soros Fund Management Company, the world's largest foreign exchange investor, made us $1 billion through "Abe trading". Short yen became the first beneficiary, so a new term "Abe trading" came into being in the instry
from this campaign, Soros made $1 billion in yen and $500 million in Japanese stocks, reaching a total of $1.5 billion, equivalent to nearly RMB 10 billion. In only half a year, he has gained huge wealth
some of Soros's most famous viewpoints, such as "the law of the forest", "weakness breaking" and "herding", explain his logic of shorting. On the surface, the most confusing and seemingly indestructible point of his prey must be his weakness, which must be broken by surprise
will RMB repeat the mistakes of pound sterling, Japanese yen and Thai baht? The answer is no
1. RMB is not a free exchange rate. There are both onshore and offshore quotations! There are also restrictions on the exchange of foreign exchange, making it more difficult to short
2. The trading scale of RMB is smaller than that of British pound and Japanese yen, which is helpful for the central bank to intervene in the exchange rate (small pond, less big fish!)
3. China has sufficient foreign exchange reserves to deal with international speculators
4. China has defeated international speculator Soros and accumulated sufficient experience
at present, the exchange rate of RMB is still within the expectation of the central bank, so there is no need to intervene in the market! After the domestic financial risks are resolved, the RMB exchange rate can return to the normal level again by raising interest rates.
6. In a country as big as China and with such a large population, it is absolutely impossible not to use paper money. The main reasons are as follows:
first, by contrast, the science and technology and capital market of the United States are far more developed than that of our country. Since the paper money of the United States is still widely used, it is even more impossible for our country not to use paper money
Second, paper money is less used now. It's just a way of payment opened by electronic payment software, and it can't completely replace the dominant position and function of paper money in social communication.
first, by contrast, the science and technology and capital market of the United States are far more developed than that of our country. Since the paper money of the United States is still widely used, it is even more impossible for our country not to use paper money
Second, paper money is less used now. It's just a way of payment opened by electronic payment software, and it can't completely replace the dominant position and function of paper money in social communication.
7. Because most of the electronic payment is used now, as long as you have a mobile phone, you can easily complete all the daily collection and payment. Many businesses also refuse cash for various reasons, which makes many elderly people and special groups feel anxious and at a loss< p> Due to the repeated environment, many businesses have launched contactless payment, that is, electronic payment, for security reasons, refusing cash payment. This obviously saves a lot of trouble for their settlement. If they don't receive cash, they don't need to count it every day and send it to the bank. Obviously, the merchants have also considered the labor or time cost. Businesses are more convenient, and most consumers can accept it, but for many special groups, when they are refused cash payment, they are at a loss. They do not use smart phones to pay, and many people even use traditional mobile phones
in the era of cash flow, in the daily payment of money, you can skillfully calculate how much you want to pay or how much change you want. In fact, this kind of exercise is also in the brain. When it is completely handed over to digital currency, this kind of basic operation seems to be unnecessary
8. Is it possible to buy digital currency online directly in RMB? The best way is to find a corresponding channel
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