国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Markets

Yuan plan comes in for praise

(Agencies) Updated: 2014-10-14 10:18

Yuan plan comes in for praise

A euro logo next to the headquarters of the European Central Bank. Policymakers welcomed plans by the bank to consider adding the yuan to its foreign-currency reserves. [Photo/Agencies]

Policymakers from Beijing to Kuala Lumpur welcomed plans by the European Central Bank to consider adding the yuan to its foreign-currency reserves.

The internationalization of China's currency emerged as a subject at the annual meeting of finance ministers and central bank governors in Washington after Bloomberg News reported that the ECB will discuss whether to begin laying the groundwork to buy yuan. Such a measure would mark a major step for the importance of the currency, also known as the renminbi.

Asked about the ECB's plans, People's Bank of China Governor Zhou Xiaochuan said: "It is good that more countries are willing to adopt the yuan as a reserve currency as our economy grows. Of course it means some homework to do for us, including to reduce administrative control on our financial market and make it more market-oriented, and to gradually make the yuan a convertible currency."

While China is the world's second-largest national economy, the yuan currently is not ranked among the most-held foreign reserve assets, according to data from the International Monetary Fund.

The US dollar leads with 61 percent of holdings.

Should ECB officials eventually decide to buy the currency, initial purchases would be small and might start in a year at the earliest, said a person who asked not to be named because the discussions aren't public.

The central bank's 24-member Governing Council will consider the move when gathering in Frankfurt for their mid-month meeting on Wednesday.

Malaysian central bank governor Zeti Akhtar Aziz said on Saturday in Washington that the yuan has been part of its reserves since 2009, adding that the ECB's considerations are a "positive development".

The ECB's push comes against a backdrop of global central bank diplomacy to ease the way for China's currency, after a series of swap agreements on emergency liquidity.

Officials will review the IMF's basket of so-called Special Drawing Rights, which does not currently include the yuan, by 2015, according to the fund's website.

China hopes its currency can join, Li Bo, head of the People's Bank of China's second monetary policy department, said in Hong Kong in March. The basket currently includes the dollar, euro, pound and yen.

"It makes sense to talk about preparing for a greater international role of the renminbi given that China is our third-largest trading partner," ECB President Mario Draghi said on Saturday at a press conference.

Yuan plan comes in for praise

Yuan plan comes in for praise

 Use of the renminbi is gaining ground globally  Putin looks to RMB to replace greenback

Hot Topics

Editor's Picks
...
...
侯马市| 内黄县| 噶尔县| 滦平县| 安新县| 达尔| 博湖县| 宜川县| 大足县| 河南省| 青浦区| 高雄市| 攀枝花市| 贡觉县| 从江县| 东明县| 平陆县| 宜良县| 青州市| 东城区| 隆安县| 磴口县| 若尔盖县| 定南县| 商洛市| 望江县| 青铜峡市| 洛扎县| 郯城县| 社会| 天全县| 衢州市| 民乐县| 虹口区| 临高县| 宝坻区| 遂平县| 巴青县| 通辽市| 连城县| 巫溪县|