If the RMB becomes an international currency, what will happen?

 In recent times, the RMB exchange rate seems to be a bit "fierce ", as of September 1, the onshore RMB against the dollar temporarily reported 6.81, this is what concept, for a long time the exchange rate is above 7.0, a short period of three or four months from 7.19 to 6.81. In other words, this may not be felt, if converted, the gap will come out. If you hold $100000 at the high of the dollar, you may lose about 40,000 yuan by now!

It is precise because the yuan is "singing" that many people have put forward conjectures, such as some saying that the yuan may become an international currency and others that the yuan's status may surpass that of the dollar. Of course, this is just a conjecture, not yet a fact. However, there is a question worth thinking about. If the RMB is really "internationalized ", what changes will it bring to our lives? I think there are the following points.

 First of all, when Chinese residents travel abroad or work, they do not need to exchange the RMB into other currencies, and they also save the trouble of calculating the exchange rate. That is to say, it is more convenient for our residents to leave Congress. Secondly, if the RMB becomes international currency, then foreign trade transactions will also use RMB, and the RMB will circulate all over the world. Just like the current dollar, more foreign-funded enterprises will cooperate with us because of the status of the currency. There will also be foreign-funded enterprises in China to increase employment in China.

In addition, once the RMB becomes the mainstream currency, the reference standard of the exchange rate will also change, which used to be the reference dollar, so when the RMB becomes the international currency, the RMB will become the reference standard. To put it simply, China's foreign trade will not be affected by the exchange rate as it is now. We can't guarantee that all kinds of import and export costs will be reduced, but we can be sure that they will be more stable than before, which is what we want to see.

 For those who do business, they would rather make less money than make business stable, so this is of great help to our foreign trade industry , For example, cnmoulding is a professional export plastic moulding company, which is also big monetary welfare. Finally, the problem of inflation, in fact, although the United States is overissued currency, but the dollar index has not declined, which means that the United States has no major inflation problem if the renminbi becomes the mainstream currency, In fact, like the current dollar, it will not depreciate because of something.

This should be the most desired thing for the common people of our country, after all, prices have been rising, and inflation has a great relationship. If this environment can be stabilized, it is really great good news. So is there any harm in turning the yuan into an international currency