Li Daokui, director of the China and the world economic research center at Tsinghua University, said in the summer Davos Forum in September 10th, the RMB has become the “ the quasi International Monetary ” it should be played in the international money market.
He said that the exchange rate reform in China's timing is accurate, from the point of view is also very logical, but the results are not surprising. This is because although the yuan is not the international currency, but it is a kind of ” quasi international currency ”. Pull the whole body, the small fluctuations in the RMB exchange rate will affect other countries' currencies exchange rate changes. So this reform tells us that China's reform, especially the financial reform must take into account the knowledge of foreign countries in China, regardless of whether this is right or wrong.
The people's Bank of China announced in August 11th to improve the RMB against the U. S. dollar exchange rate quote, the market maker in the daily interbank foreign exchange market opening, referring to the exchange rate of foreign exchange market, the overall consideration of foreign exchange supply and demand and the international exchange rate changes, to provide the central parity of China foreign exchange trading center. In the past month, the fluctuation of RMB exchange rate has attracted the attention of the international community.
“ whether we like it or not, we are willing to do so, the RMB exchange rate is now in fact an international topic. ” Li Daokui said, “ although it can not be said that the renminbi can be comparable with the British pound, the euro and other standards, but it has been called ‘ quasi International Monetary ’ because the RMB exchange rate, the whole world is concerned.
