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

USEUROPEAFRICAASIA 中文雙語Fran?ais
Opinion
Home / Opinion / From the Press

Deputy governor of PBOC: RMB shows strength after concerns on fluctuations

chinadaily.com.cn | Updated: 2016-11-28 15:47

Deputy governor of PBOC: RMB shows strength after concerns on fluctuations

An employee counts yuan banknotes at a bank in Huaibei, Anhui province, June 22, 2010. [Photo/Agencies]

Recent fluctuations of the RMB's exchange rate have aroused concern lately. In an interview with Xinhua News Agency, Yi Gang, deputy governor of People's Bank of China, says that the renminbi is still demonstrating strength and stability in the global?monetary system.

Unlike the rise in value of the US dollar affected by domestic factors, Yi said that the yuan's recent weakening against the US dollar is influenced by external factors including the election of Donald Trump as US president, expectations of the US Federal Reserve increasing interest rates, uncertainty over Brexit and the free float of the Egyptian pound.

Yi said that from the statistical point of view the renminbi will remain a stable currency and has the potential to rise over the long term. The CFETS RMB Index, the BIS Currency Basket RMB Index and the SDR Currency Basket RMB Index have increased 10.9 percent, 11 percent?and 4.4 percent?respectively in the past five years. The renminbi has appreciated 28.3 percent, 33.4 percent and 11.9 percent?against the dollar over the past ten years consecutively.

Yi emphasized that the RMB exchange rate should be viewed against a basket of currencies rather than a single currency. In the background of trade globalization, referencing the yuan against a group of currencies can better reflect overall competitive ability of a nation's commodity and services, and the exchange rate can play a better role in adjusting imports and exports, investment and international balance.

Yi added that China is still the world's largest foreign exchange reserves holder despite the recent modest decline. Ranking number one with over 30 percent of the world's total, China's foreign reserve is 2.6 times that of Japan, the next largest holder and 5.7 times that of the third largest Saudi Arabia. China's current reserve holdings are still substantial, even after repaying all its foreign debts and covering six months' imports. The trade surplus of around $500 billion and foreign direct investment of $120 billion can also?cover the domestic demand for foreign exchange.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
湖北省| 同江市| 兴文县| 台东市| 宜宾县| 光山县| 华阴市| 丰城市| 桐柏县| 蒙阴县| 兰西县| 大城县| 博湖县| 个旧市| 兴义市| 神农架林区| 前郭尔| 晴隆县| 咸宁市| 南汇区| 凉山| 彭山县| 文登市| 甘南县| 大埔区| 石渠县| 武夷山市| 闻喜县| 聂拉木县| 会昌县| 鞍山市| 宕昌县| 芦溪县| 同德县| 浙江省| 江津市| 锡林郭勒盟| 宣汉县| 海安县| 平远县| 太白县|