- Analiza
- Novosti i instrumenti
- Vesti sa tržišta
- China’s plan for the yuan could backfire in any crisis - strategist
China’s plan for the yuan could backfire in any crisis - strategist
China’s currency-swap lines with nations spanning the globe, designed to bolster the international role of the yuan, could backfire badly in a world crisis.
So argues Mansoor Mohi-uddin, a senior macro strategist at NatWest Markets in Singapore. The danger is that foreign central banks would exchange their currencies for yuan with the People’s Bank of China, then dump those holdings for dollars if a crisis hits, he wrote in a research note Friday.
“This would exert downward pressure on the yuan’s exchange rate against the greenback at a time when the PBOC would also likely be trying to shore up sentiment on its own currency,” Mohi-uddin wrote. Swaps “may be the yuan’s weakest link in a major financial crisis.”
Such an exchange would highlight how, though the yuan is now officially a reserve currency -- with the imprimatur of the International Monetary Fund -- its global appeal is well short of the dollar’s. China’s currency is used in 4.3% of global foreign-exchange transactions, against the dollar’s 88.3% share, according to the Bank for International Settlements.
China has set up currency swap lines with dozens of countries to grease trade and, if needed, to act as an emergency backstop. NatWest calculates the total as a potential 3.7 trillion yuan ($523 billion).
© 2000-2024. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.
Банковни транcфери
