Aiib virtual currency

1.

Some virtual currencies are illegal in China. Chinese laws prohibit virtual currencies. The only legal currency in China is RMB. Since the people's Republic of China issued RMB, it has lasted 71 years. With the development of economic construction and the needs of people's life, it has graally improved and improved. So far, it has issued five sets of RMB, forming a multi variety and multi series monetary system of paper money and metal money, ordinary commemorative money and precious metal commemorative money

except for 1,2,5 fen coins, the first, second and third sets of RMB have been withdrawn from circulation, and the fourth set of RMB has been suspended from circulation since May 1, 2018 (except 1 jiao, 5 jiao notes and 5 jiao, 1 yuan coins). The current circulation of RMB is mainly the fifth set of RMB issued in 1999

< H2 > extended information

the people's Bank of China is scheled to issue the fifth set of RMB 50 yuan, 20 yuan, 10 yuan, 1 yuan banknotes and 1 yuan, 5 jiao, 1 jiao coins of the 2019 edition from August 30, 2019. The fifth set of RMB inherits the traditional experience of China's printing technology and draws lessons from the advanced technology of foreign banknote design, which has greatly improved its anti-counterfeiting performance and currency processing modernization

Chairman Mao Zedong's head portrait in the early days of the founding of the people's Republic of China is used on the front of each denomination currency, the famous Chinese flower pattern is used on the bottom, and the main scenery pattern on the back fully shows China's long history and magnificent mountains and rivers, and carries forward China's great national culture by selecting representative patterns with national characteristics

2. The following is the video link of token pyramid scheme reported by CCTV 2: http://tv.cntv.cn/video/C11350/

nowadays, pyramid schemes under the guise of virtual currency are rampant. According to the information obtained by China volunteer alliance against pyramid schemes, Baichuan currency is closely related to SMI, MBI, mark currency, dark black currency, mmm, Fuda compound interest financing, carat currency, petroleum currency, Huaqiang currency, etc CB aiib Hong Kong Group, coin Sheng, WorldCom yuan, u-coin, Jubao, 21st century fox, Wanxi financial management, BBT (now renamed Morgan coin after repeated exposure by the media) are all illegal pyramid schemes under the guise of virtual currency.

3. Without aiib, the original shares of aiib will be distributed among the central banks of Member States, and enterprises and indivials have no chance to subscribe.

4. However, as long as China's discourse power is dominant, RMB and euro will inevitably become the main currencies

the Asian infrastructure investment bank (aiib) is an inter governmental multilateral development institution in Asia, which focuses on infrastructure construction and aims to promote the process of interconnection and economic integration in Asia, And strengthen cooperation between China and other Asian countries and regions. Headquartered in Beijing. The authorized capital of aiib is 100 billion US dollars< br />

5. This is not released

6.

No

the aiib was set up to develop infrastructure in Asia. Infrastructure needs materials. Raw materials and global bulk materials are originally settled in US dollars

The aiib is a regional financial institution proposed by China, whose main business is to assist the infrastructure construction of countries in the Asia Pacific region. At present, there are many countries including Bangladesh, Brunei, Cambodia, China, India, Indonesia, Jordan, Kazakhstan, Kuwait, Laos, Maldives, Malaysia, Mongolia, Myanmar, Nepal, New Zealand, Oman, Pakistan, Philippines, Qatar, Saudi Arabia, Singapore, Sri Lanka, Tajikistan, Thailand Uzbekistan, Vietnam and other 27 Asian countries expressed their willingness to participate

European countries such as Britain, Germany, France, Italy, Switzerland, Luxembourg, Denmark, Austria and Georgia have joined the aiib as founding members. The Netherlands, Switzerland and Russia and Turkey, which are on the border of Eurasia, have joined the aiib as founding members, They all got rid of the efforts made by the United States to prevent major western countries from joining aiib as founding members and joined the aiib. Among the important allies of the United States, South Korea and Australia have also joined the aiib< br />

7. At present, the currencies used by other financial institutions in their business development are basically US dollars, which has international consensus and experience, including that of the world bank and the Asian Development Bank. From the market point of view, in the future, aiib's project financing and loans should be closely linked with the market. International currency plays a very good role in the development of projects and the normal operation of the market. Therefore, from the perspective of technology and market, the dollar is the best choice.

8.

The title owner asked about the aiib founding country commemorative collection, which should be the aiib 57 country coin collection issued in March 2016, with a circulation of 10000. The current market price of the book is about 1680 yuan
the collection contains 57 notes and coins of the founding countries of the aiib, including 23 notes and 34 coins. The name, geographical location, population, currency and capital of 57 countries (and regions) are introced in detail. See the figure below for details:

the above is for reference only, friends who like can exchange and learn together

9. The aiib can promote the internationalization of RMB through the following mechanisms: 1. The currency arrangement of aiib's contribution can refer to the practice of IMF, that is, 75% is paid in the local currency of member countries and 25% in the form of international currency. The advantages are as follows: first, it helps borrowing countries avoid exchange rate risk by issuing loans in different currency combinations. Second, we can rece the use of international currency in non member countries and promote the use of RMB. 2. Governments of borrowing countries are encouraged to issue RMB denominated international bonds in Singapore, Hong Kong and Shanghai at the same time. The constraints of aiib can enhance the credit rating of the borrowing country. If the government of the borrowing country issues bonds successfully, it can introce the market restraint mechanism of international investors to the debtor country, and promote the credit security and efficiency of aiib; Promote the development of RMB offshore market. In order to encourage the governments of developing countries to issue RMB denominated bonds, RMB should be decoupled from the US dollar. Under the background of a stronger US dollar and a "shortage of US dollars" in Asia, RMB should be moderately devalued to promote the development of RMB denominated syndicated loans and international bond markets.

10. Settlement in US dollars
the government only allowed China to join the SDR on the condition of this concession