日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Economy

RMB internationalization in LatAm progressing unevenly

(Xinhua) Updated: 2015-12-09 15:52

MEXICO CITY - As the International Monetary Fund (IMF) announced it would include China's currency, the renminbi, into its special drawing rights (SDR) basket, Latin American countries have praised the decision with expectations.

This was because the region had seen the renminbi's colossal strides, especially this year, though the currency's further and wider acceptance still takes time.

The IMF's decision showed the impact of China's reforms, said IMF Managing Director Christine Lagarde. "The continuation and deepening of these efforts will bring about a more robust international monetary and financial system, which in turn will support the growth and stability of China and the global economy."

On Nov 14, shortly before the IMF announced the decision, Argentine Vice President Amado Boudou had called for speeding up the renminbi's internationalization, and urged the IMF to include the Chinese currency into the SDR basket.

"We must change the global financial order. China and Argentina have always been firm in defending the consumption capacity of their populations," said Boudou.

Boudou's positive tone was no surprise, considering how Argentina has benefited from the Chinese currency.

In July 2014, with a debt default looming large, Argentina obtained a currency swap from Beijing worth $11 billion. With global markets being reluctant to lend, the offer was a shot in the arm for Buenos Aires' foreign reserves.

According to Ramiro Castineira, chief economist at Argentine consultancy firm Econometrica, the swap "saved 2015" for Argentina and "isolated it from international economic reversals."

"Argentina needs financing ... it becomes imperative to sustain the current levels of consumption," said a report of Econometrica.

The fact that the renminbi was the currency of choice for this need testifies to its internationalization. However, the IMF would not have been satisfied if its members viewed the renminbi as a rescue currency only. The currency had to prove itself in a number of everyday financial transactions first.

This process advanced in May when China agreed to grant a quota of 50 billion renminbi ($7.8 billion) to qualified foreign institutional investors in Chile, where the China Construction Bank was also appointed as an renminbi clearing bank, the first of its kind in Latin America.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 免费网站在线播放 | 你懂的在线视频网站 | 91免费福利视频 | 最新国产精品 | 深爱激情五月婷婷 | 亚洲高清在线观看视频 | 久久久久久影视 | 中文字幕av一区二区三区谷原希美 | 天天干天天操天天操 | 好吊妞视频在线观看 | 亚洲第一天堂av | 日本激情视频网站 | 黄色免费在线观看视频 | 男女操网站 | 成人久久视频 | 日韩精品区 | 中国一级片在线观看 | 精品国产一区在线 | 天天插天天操 | 99免费在线 | 国产精品一区不卡 | 国产精品影院在线观看 | 天天视频国产 | 亚洲第一av网| 国产在线看 | 欧美精品一区二区三区四区五区 | 午夜啪啪网 | 国产欧美激情 | 日韩欧美天堂 | 久久艹在线观看 | 91啪国产 | 九色精品 | 日韩小视频 | 中文字幕第2页 | 超碰96在线 | 欧美日韩综合在线观看 | 97超级碰 | 黄色一级大片免费版 | av片亚洲 | 欧美精品在线视频 | 福利视频在线免费观看 |