My China Star

When it will be they yuan international currency 17 September 2009 We are prudent as far as the concept of the call internationalization of renminbi, Guo Qingping, lieutenant governor of the Central bank of China. Like all maturity process, in China, beyond the existing objective to impose to their currency as new international currency, as much by an interest political as economic, understands that the process will take time and that they are due to fulfill a series of conditions. It is not only one question of desire, also must be a capacity question. In this sense, they yuan has potentially, everything to prevail more in years as one of global currencies, getting even (and more likely) to move to the yen of its regional reign. While they yuan prepares itself to prevail as he descries international, immediately, concerning the relation with the American dollar, the analysts consider, according to affirms the Information center of Internet China, that the type of change will have few pressures to appreciation while the American economy stays weak.

From market, perceives that they yuan will continue quoting in one narrow band, that at the moment has like center to the 6.83 units of Chinese currency by American dollar and it by virtue of the weakening that has observed the American currency with respect to main currencies, also implies a weakening of yuan with the consequent threat for the bilateral balance of trade in front of China for the main economies. The fact that a currency becomes international does not depend in particular on a country, but of the market considered Guo Qingping. In China it is known that to achieve the objective to internationalize to they yuan, is due to make attractive and for it necessary conditions exist. Although it is not his color, yuan is still quite green to be international currency.