But it is a big leap from being a currency in which a chunk of your own trade is settled to being a fully fledged international currency, and a further jump to reserve-currency status.
If the international role of an international currency like US dollar conflicts with its domestic role, how should we explain and analyze.
For a big country, when the international emergency occurs, if the need to provide the country rely on international currency liquidity support, in terms of which the country is very passive.
While domestic currency circulation is defined by law, formation of international currency is mainly a process decided by market factors.
How do you see the issue of making the RMB an international currency?
The euro quickly became a major international currency: the euro bond market soon came to rival the dollar bond market; euro bank notes began circulating around the world.
To control the monetary supply, the petroleum and energy reservation must be enlarged from the angle of foreign exchange, and stick to peg to U. S. dollar, developing RMB the fourth most important international currency in a long term.
But making the RMB an international currency will be a fairly long process.
Along with the fall of the USD in the international currency market, the central parity rate of the RMB against the USD rose above 6.45, a new high.
How should an international currency like the US dollar be interpreted and analyzed if its international and domestic roles conflict?
And if the international role and domestic role of an international currency such as the dollar conflicts with each other, how to explain and analyze the issue.
The new "strong Dollar" policy leaves profound influence on worldeconomy, international currency system and financial pattern.
Those discussions are expected to help promote the sustained and stable recovery of world economy, reduce imbalances in the global economy and promote the reform of international currency system.
The speed at which the dollar rose to prominence suggests that the yuan might be an international currency as soon as 2020, says Mr Eichengreen.
The dollar has weakened in international currency trading.
a United States dollar deposited in a European bank and used as an international currency to finance trade.
The existence of dollar hegemony is based on its matchless international status and one of the principle presuppositions of maintaining dollar's status is the international currency cooperation.
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