Thursday (31st), guided by high opened in the Middle, the dollar closed inquiry system again hit a record high since the reform, continued closing high since the 2005 reform, 0.63% per cent in the first quarter.
in addition Bank quarter-after filling up the position, to reduce exchange rate risks, select jiancang extra dollar positions, power exchange rate exceeded 6.55 integer point estimated short-term fluctuation of Renminbi will continue to maintain bilateral, moderate appreciation trend.
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according to the State administration of foreign exchange on Thursday, by the end of last year, China's foreign debt 5,489. us $ 3.8 billion. The incremental $ 546.4 billion at the end by September in digital. Short-term external debt ratio rose for the seventh consecutive quarter, but four external debt within the internationally recognized standards in the security line.
Vice Premier Wang Qishan on Thursday (March 31), the international monetary system reform and the perfection is the inevitable requirement of economic globalization, to promote sustainable development of global trade and orderly flow of capital, but reform is a long-term and complex process, perfect to actively and steadily promote reform of international monetary system.
the people's Bank of China Governor Zhou xiaochuan said, and strongly hopes that the emerging economies of China, the international community to look in the long run, from which, long-term perspective to rebalance the global economy. Despite the reserve currency countries can benefit from cheap debt financing in the near future, but because this may lead to fall in the economic regulatory vigilance, therefore from which, in the long run, perhaps does not bring benefits to these countries. Asian countries may have large foreign currency reserves, but the adjustment takes time.
member of the Central Bank's monetary policy in China says Li daokui, degree of internationalization of RMB actually has far exceeded the special drawing right (SDR) in the context of the international application. Li daokui also said most do not want to see the dollar and United States rapid devaluation of the national debt in the short term.
for international monetary reform, Li daokui, think, should be gradual, diversity, must step to the reform of international monetary system, too fast can affect the stability of the entire international financial system, States of foreign exchange reserves will be affected.
member of the monetary policy in China Xia Bin said convertibility of the Renminbi should not be the renminbi into the SDR bargain conditions. In the current economic situation, currency of hope that major economies remain largely stable.
