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Will RMB be Freely Convertible by End of 2015? [Copy link] 中文

Rank: 8Rank: 8

Post time 2015-4-20 22:47:05 |Display all floors
That was the statement from PBoC  Governor Zhou, 2015 being the end of the 12th "5-year-plan".

If PRC China follows through with that, it would make the RMB an international currency and part of IMF's "Special Drawing Right" alongside the USD, EUR, GBP and JPY. IMHO this is great leap forward for PRC China.

PRC Chinese will be able to buy and sell equities, fixed-interest products (bonds and t-notes etc) and whatever they fancy with RMB. Zhou calls it "user-friendly", and so it will be when internationalized.

So, the other $64k question on everyone's mind, will PRC devalue? I doubt that, but won't put it pass PBoC in the longer term.

I've been looking towards this day.
Let the dice fly high

Use magic tools Report

Rank: 4

Post time 2017-8-20 21:41:33 |Display all floors
You see that reference-SDR? Know what it is beyond the above description? You will in the future.

Use magic tools Report

Rank: 8Rank: 8

Post time 2017-8-24 09:13:51 |Display all floors
Mishao Post time: 2017-8-20 21:41
You see that reference-SDR? Know what it is beyond the above description? You will in the future.

Cab't wait to learn some something new
Let the dice fly high

Use magic tools Report

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