Can the RMB bring progress to stainless steel industry into SDR

Can the RMB bring progress to stainless steel industry into SDR

Beijing time on December 1 before dawn at 1 o'clock, international Monetary Fund (Chairman IMF) Lajiade announces: Via vote, IMF brings into the RMB SDR (the monetary basket of SDR) . This one decision will have go into effect on October 1 from next year. The RMB is afterwards dollar, euro, pound, yen later, the 5th member of IMF basket money. IMF expresses: The RMB will hold the proportion of 10.92% in SDR currency basket. After adjusting, the proportion of the dollar will be occupied 41.73% , euro is 30.93% . Yen and pound will be occupied respectively 8.33% reach 8.09% . It is early 5 years ago IMF cannot be used freely with the RMB for after rejecting us flintily, national leader also is " recall a painful experience " , after be being made hard ceaselessly, got the affirmation of IMF eventually.

Above all, should give everybody popular science: Alleged " SDR " (Special Drawing Right, SDR) , it is IMF (international Monetary Fund) 1969 a kind of international of activate lays in asset and unit of charge to an account, can act as like gold, dollar international reserve. From economics angle, SDR is the substitute with the mainest gold of foreign exchange reserve. The account of income and expenses when one country is extended profit and when accumulating gold of overmuch foreign exchange reserve, the fluidity that makes SDR money can increase foreign exchange reserve effectively at the same time, stimulative home money market and international conform, final standardization. The hold of SDR person the money that can use what can hold some SDR to exchange IMF member country with its through two kinds of means freely: It is to adopt the freewill trade arrangement between member country; 2 it is IMF is appointed external the member country with ample money supply with the money that can use freely from external the member country with insufficient cash buys SDR. Besides lay in asset as complement, SDR or IMF and a few otherer the unit of charge to an account that international organizes.

This is China blend in international banking system " major milestone " , this also brought a lot of welfare to us.

Must be benefit good stainless steel look forward to ah!

SDR basket money is regarded as to avoid normally danger money, obtain this position to will increase international undoubtedly be opposite inside limits of the RMB use, future probably heavy goods also can use RMB valuation, in light of the market of stainless steel export that turns over a dumping to increase increasingly to international, our country advantage will continue to expand. And depend on the raw material such as the nickel mine with higher rate, ferronickel to import the market to look to be being imported originally, avoid the cost that the enterprise fluctuates because of exchange rate and causes rises risk. And will look to steelworks, reduced its operation the financing cost of day-to-day professional work, eased capital pressure. Combinative calendar year December of the first ten days of a month rebound in light of periodic prices, integral benefit good market, conduce to stainless steel price dropping situation slow down.

Go abroad buy buy! The flower is beautiful!

The RMB joined SDR to will enlarge our country money further in the world utilization rate, and long-term stability will be strengthened (exchange rate fluctuation is reduced) . Join SDR as the RMB, more and more countries approbate a RMB, be willing to receive a RMB, reducing exchange cost so while, we can be with the RMB continuously after outside the condition travel, shop, investment. Because be opposite on the international market,rise of RMB demand stage by stage, prospective RMB exchange rate can get propping up, also be helpful for an enterprise stepping situation investment, trade, buy, annex, buy resource, service, technology to wait. The price that Chinese enterprise has appeal more via often be being offerred to the trading object and financing, exchange the other side to use RMB close an account, eliminate the exchange rate risk of oneself thereby.

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