Can digital RMB perform the basic function of currency
Publish: 2021-04-26 00:59:09
1. The people's Bank of China is trying out digital currency, which can perform five functions of currency, including value measure, circulation means, payment means, storage means and the function of world currency
2. To design digital currency, we need to consider the following things:
first, we need to clarify the concept, definition, classification, functions and characteristics of digital currency, put forward the Chinese definition of digital currency, distinguish the similarities and differences and relations between legal digital currency and private digital currency in technical characteristics, economic characteristics and institutional arrangements, and discuss the process of digital currency performing monetary functions, And how to meet the requirements of a high-quality monetary system
Second, we need to conct in-depth research on the operation of digital currency, and explore the issuance, circulation, transaction and withdrawal mechanism of digital currency based on the al system of central bank and commercial bank. On this basis, the selection of technical route and key technology to meet its operation mechanism is discussed, and the key technology research and breakthrough are carried out
thirdly, we should study the effect and influence of digital currency on monetary and financial operation system
fourthly, based on the above research results, the scientific top-level design of digital currency supervision is formed, including the development and design of digital currency, the development of applicable regulatory coordination tools, and the selection of appropriate regulatory indicators
more importantly, the digital currency that the central bank plans to issue is different from bitcoin, Leyte, dogcoin, decent and other digital currencies.
first, we need to clarify the concept, definition, classification, functions and characteristics of digital currency, put forward the Chinese definition of digital currency, distinguish the similarities and differences and relations between legal digital currency and private digital currency in technical characteristics, economic characteristics and institutional arrangements, and discuss the process of digital currency performing monetary functions, And how to meet the requirements of a high-quality monetary system
Second, we need to conct in-depth research on the operation of digital currency, and explore the issuance, circulation, transaction and withdrawal mechanism of digital currency based on the al system of central bank and commercial bank. On this basis, the selection of technical route and key technology to meet its operation mechanism is discussed, and the key technology research and breakthrough are carried out
thirdly, we should study the effect and influence of digital currency on monetary and financial operation system
fourthly, based on the above research results, the scientific top-level design of digital currency supervision is formed, including the development and design of digital currency, the development of applicable regulatory coordination tools, and the selection of appropriate regulatory indicators
more importantly, the digital currency that the central bank plans to issue is different from bitcoin, Leyte, dogcoin, decent and other digital currencies.
3. Currency has five functions: value scale, circulation means, payment means, storage means and world currency. As a currency, China's RMB has three functions: value scale, circulation means and payment means, but it does not have the functions of storage means and world currency. The specific functions are as follows:
first, value scale
RMB is issued by the state for compulsory circulation, In circulation, it becomes the only means of circulation. After getting RMB, the ultimate use is to buy goods, or to buy means of proction, or to buy means of living. RMB can buy all goods. The exchange value of RMB is determined by the number of RMB. The more the number of RMB, the less its exchange value< Second, circulation means
RMB is issued by the state for compulsory circulation, and becomes the only circulation means in circulation. The exchange value of RMB is determined by the number of banknotes, not by its own value (because the paper itself has no value). The number of issued RMB is increasing year by year, and the exchange value of RMB is decreasing year by year, RMB directly represents the exchange value. The price of all commodities is determined by the procer's cost price (means of proction and wages, various expenses) and the expected profit, or by the proction expenses and regulated by the market< Third, the means of payment
RMB is a monetary commodity, which can buy all kinds of goods. People get RMB by various means. Its purpose is to enjoy social wealth as much as possible. One of the ways to get RMB is to use proction, commerce and transportation instry to get RMB. In this way, proction is manifested as the proction of RMB. In this kind of proction, RMB is the core, and it is used to calculate functional activities from various stages of purchase, proction and sales. What procers think about is RMB, what they see in their eyes is RMB, what they do in their hands is RMB, and the other is to obtain RMB by selling labor force. Such labor is wage labor.
first, value scale
RMB is issued by the state for compulsory circulation, In circulation, it becomes the only means of circulation. After getting RMB, the ultimate use is to buy goods, or to buy means of proction, or to buy means of living. RMB can buy all goods. The exchange value of RMB is determined by the number of RMB. The more the number of RMB, the less its exchange value< Second, circulation means
RMB is issued by the state for compulsory circulation, and becomes the only circulation means in circulation. The exchange value of RMB is determined by the number of banknotes, not by its own value (because the paper itself has no value). The number of issued RMB is increasing year by year, and the exchange value of RMB is decreasing year by year, RMB directly represents the exchange value. The price of all commodities is determined by the procer's cost price (means of proction and wages, various expenses) and the expected profit, or by the proction expenses and regulated by the market< Third, the means of payment
RMB is a monetary commodity, which can buy all kinds of goods. People get RMB by various means. Its purpose is to enjoy social wealth as much as possible. One of the ways to get RMB is to use proction, commerce and transportation instry to get RMB. In this way, proction is manifested as the proction of RMB. In this kind of proction, RMB is the core, and it is used to calculate functional activities from various stages of purchase, proction and sales. What procers think about is RMB, what they see in their eyes is RMB, what they do in their hands is RMB, and the other is to obtain RMB by selling labor force. Such labor is wage labor.
4. Value scale, means of circulation, means of payment, means of storage and world currency
5. A: the function of money is the function of money itself. It is the concrete manifestation of the essence of money. Marx thinks that money has five functions, which are: (1) value scale. When money expresses and measures the value of all other commodities, it performs the function of value measurement, which is the basic function of money. Its main function is to price all kinds of goods. The reason why money can act as a measure of value is that money (gold) has its own value. By exchanging money with goods, the value of goods is expressed as a certain monetary unit, that is, the price of goods. Price is the monetary expression of commodity value. The level of price is determined by the value of commodity. At the same time, e to the influence of supply and demand, it often fluctuates around the value. In addition, when performing the function of value scale, money does not need real money, but only conceptual or imaginary money 2) Circulation means. That is, money acts as the medium of exchange in commodity circulation. Circulation means is also the basic function of money. After the implementation of the means of currency circulation, the direct exchange of goods is separated into two relatively independent stages. The currency that carries out the means of circulation should not be imaginary or conceptual, but realistic. As a means of circulation, the amount of money is determined by the quantity of goods, the price of goods and the speed of money circulation. The formula is m-pq / v. Currency, which performs the function of circulation means, can be replaced by currency symbol, but at this time, the relationship between currency and commodity price has changed, and the commodity price is determined by the amount of money entering the circulation field. If other conditions remain unchanged, as the amount of money increases, commodity prices will rise, otherwise they will fall 3) Storage means. It is the function that money withdraws from circulation and is regarded as an independent value form and the general representative of social wealth. The function of storage means is based on the function of value scale and circulation means. Since the development of money from full value money to credit money, the form of money storage has changed from the form of gold and silver in full value money to the typical form of credit money as value storage. When the credit currency performs the function of storage means, it must take the currency value stability as the premise 4) Means of payment. When money transfers unilaterally as an independent form of value movement, it performs the function of means of payment. The function of money is directly proced in the activity of buying and selling goods by deferred payment, which makes the transfer of goods out of touch with the realization of price, so the transaction becomes the relationship of creditor's rights and debt. When money is used as a means of payment, it is a unilateral transfer of value. At the same time, the amount of money in circulation includes not only the amount of means of circulation, but also the amount of means of payment 5) World currency. Beyond the field of domestic circulation, money acts as a general equivalent in the international market and performs the function of world currency. Under the condition of precious metal circulation, as a world currency, money itself is required to play its role in the original form of gold and silver and according to the actual weight. The functions of world currency are as follows: as a means of international payment, it is used to balance the balance of international payments; As an international means of purchasing foreign goods; As a general representative of social wealth, it is transferred from one country to another.
6. The basic functions of money: price scale, means of circulation
as a paper currency, RMB only has the means of circulation (as a substitute to replace money circulation in society), but has no value scale (in the form of how much money).
as a paper currency, RMB only has the means of circulation (as a substitute to replace money circulation in society), but has no value scale (in the form of how much money).
7. Ah, we just learned that the basic function of money:
1 value scale
2 means of circulation
3 means of storage
4 means of payment
5 world money
1 value scale refers to that money acts as a social scale to measure the value of goods. The reason why money can perform the function of value measurement is that money itself has value, so it can measure the value of other commodities by its own value
2. Means of circulation. The function of means of circulation is that money acts as the medium of commodity exchange, that is, the function of means of purchase. Its main feature is that in the sale of goods, the transfer of goods and the transfer of money are completed at the same time. Generally speaking, it is one-hand payment and one-hand delivery
3. Storage means, the function of money withdrawing from circulation field and being preserved as the general representative of social wealth. As a means of storage, money can spontaneously regulate the amount of money in circulation. When the amount of money needed in circulation decreases, the surplus money will withdraw from circulation; When the amount of money needed in circulation increases, part of the stored money goes into circulation
4. Means of payment. Means of payment come into being with the emergence of credit sale of goods. In credit, money is used to pay debts. Later, it was used to pay government rent, interest, taxes, wages and so on
5. World currency, which is proced and developed with the development of commodity proction and exchange. When commodity exchange goes beyond national boundaries and develops into international trade, commodity generally develops its own value in the world. As its value manifestation, currency becomes the general equivalent of commodity in the world, that is, world currency
1 value scale
2 means of circulation
3 means of storage
4 means of payment
5 world money
1 value scale refers to that money acts as a social scale to measure the value of goods. The reason why money can perform the function of value measurement is that money itself has value, so it can measure the value of other commodities by its own value
2. Means of circulation. The function of means of circulation is that money acts as the medium of commodity exchange, that is, the function of means of purchase. Its main feature is that in the sale of goods, the transfer of goods and the transfer of money are completed at the same time. Generally speaking, it is one-hand payment and one-hand delivery
3. Storage means, the function of money withdrawing from circulation field and being preserved as the general representative of social wealth. As a means of storage, money can spontaneously regulate the amount of money in circulation. When the amount of money needed in circulation decreases, the surplus money will withdraw from circulation; When the amount of money needed in circulation increases, part of the stored money goes into circulation
4. Means of payment. Means of payment come into being with the emergence of credit sale of goods. In credit, money is used to pay debts. Later, it was used to pay government rent, interest, taxes, wages and so on
5. World currency, which is proced and developed with the development of commodity proction and exchange. When commodity exchange goes beyond national boundaries and develops into international trade, commodity generally develops its own value in the world. As its value manifestation, currency becomes the general equivalent of commodity in the world, that is, world currency
8. World currency refers to the function of money as a general equivalent in the world market. With the development of commodity economy, commodity exchange graally moves from one country to the international market, and has the function of world currency. This function is the display of the other four functions of currency in the world. The world currency has the following functions in the economic relations between countries: first, as a general means of purchase, it is used to purchase foreign goods. Second, as a general means of payment, it is used to balance the balance of payments. Third, as the representative of social wealth, from one country to another. Such as: international loans, transfer of property, war reparations, etc. When currency performs the function of world currency, it must be valuable monetary goods gold and silver that can act as world currency. However, with the development of currency, the paper currency of some countries with strong economic strength also has some functions of world currency, such as US dollar, mark, British pound, Japanese yen, etc.
9. wrong. There are five kinds of money: value scale, means of circulation, means of payment, means of storage and world money. Only gold or silver can be used as world currency, but mint and paper money can not be used as world currency, because the latter loses its original legal significance once it goes beyond the national scope.
Hot content