Wang Qiang, who has graduated from primary school, certainly does not hesitate to ask this question: "China is the renminbi swap agreement mentioned earlier? ”

Su Su smiled: "Yes, this word has been said several times, so let's focus on explaining it now." First of all, because the U.S. dollar is the currency of international settlement, the U.S. dollar can do whatever it wants through exchange rates and interest rates. ”

However, it is impossible for China to directly say that the renminbi will also become an international reserve and settlement currency, because the world does not recognize it, and secondly, it will be suppressed by Europe and the United States, so it must be hidden. Then Brother Qiang, listen up, the specific gameplay is as follows:——"

Wang Qiang perked up: "Well, listen!" ”

Su Su smiled: "First of all, find a bitter master who dares to be angry with the dollar, for example, Zimbabwe!" It's you. ”

Wang Qiang burst out laughing.

Su Su smiled: "I'm making an analogy, Zimbabwe's situation is very special, and it is also the first country in the world to use the yuan, which is very promising." In short, China found this old African friend and comforted him - it is indeed a terrible thing to have no dollar, although I have a lot of dollars, I am also afraid of the United States. We will help each other to swap currencies, when you don't have dollars, use RMB to exchange dollars for me, and when I don't have dollars, use Zimbabwean dollars to exchange dollars for you, at the current exchange rate of 1 US dollar = 6 yuan = 1000 trillion Zimbabwean dollars——"

Wang Qiang couldn't help laughing wildly: "I feel like the Qingming Festival has arrived!" ”

Su Su smiled: "Don't interrupt, in short, China and Zimbabwe signed a currency swap agreement totaling 100 million US dollars, and China gave Zimbabweb 600 million yuan at the exchange rate, and Zimbabweb gave it to China...... 1 trillion billions of Zimbabwean dollars. That is, when Zimbabweb is short of dollars, he uses the renminbi given to him by China to find China to exchange for dollars, up to $100 million. On the contrary, China has something to burn paper and ask him for 100 million US dollars. Brother Qiang, do you see anything? ”

Wang Qiang couldn't laugh: "Zimbabwebu is so poor, it is impossible for China to burn paper and ask him for dollars, right?" ”

Su Su nodded: "Yes, this is obviously China's concession, and he has no room to refuse." But this is not the point, the point is that the rules of this swap are still the two sides trade the dollar according to the exchange rate, or use the dollar as a hard currency, and do not challenge the status of the dollar, and the United States does not see the problem. ”

Wang Qiang came to the spirit: "Then what? ”

Su Su laughed and said, "Then? Zimbabwe's neighbor South Africa is also an old friend of China! ”

"South Africa!" Wang Qiang wanted to laugh again.

Su Su smiled: "South Africa has become like this, even a stupid pig knows that something is wrong, but he dares to be angry and dare not speak." Then everything goes without saying, China and South Africa also signed a currency swap agreement of 100 million US dollars, according to the exchange rate of 1 US dollar = 6 yuan = 13 South African Nantes, then China gave South Africa 600 million yuan, and South Africa gave China 1.3 billion South African Nantes. Nothing wrong with it, right? ”

Wang Qiang is looking forward to it more and more: "It's no different from the situation in Zimbabwebu? No problem! ”

Su Su smiled and said, "Then, the next good show is here." Although South Africa is underdeveloped, it is much stronger than Zimbabwe next door, and when Zimbabwe is out of stock and short of food, it can only be bought from South Africa nearby, what to buy? It can't be Qingming paper money, this thing is not recognized by anyone in the world except China, and can only be bought with hard currency dollars! Zimbabweb was harvested again without dollars, so they ran to China to exchange dollars according to the agreement. No problem! But to fill out the form, to review, to wait, wait, wait......"

Wang Qiang felt the meat: "I'll strangle it, and then what?" ”

Su Su laughed and said, "Then it makes people feel troublesome!" ”

Wang Qiang frowned: "Then why bother so much?" Both of them have 600 million yuan in their hands, and they can directly use RMB to trade! ”

Su Su clapped his hands and smiled: "That's right!" Anyway, the renminbi can be exchanged for dollars in China at any time, so why bother so much every time? Just trade directly in RMB - Brother Qiang! See that, right? ”

Wang Qiangwu: "The renminbi has replaced the US dollar and become the currency in circulation between the two countries!" ”

Su Su said with a smile: "By the way, this kind of RMB circulating in foreign markets is called offshore RMB, this word has never been heard of before, and it has become popular in the past two years." There are a total of 200 countries in the world, and China has signed RMB swap agreements with more than 30 countries, mainly the countries of the Shanghai Cooperation Organization, and the RMB has become the circulating currency of the Central Asian continent. The renminbi immediately took advantage of the weakness and squeezed its circulating status! ”

Wang Qiang suddenly realized: "Understood! However, if the renminbi can take advantage of the weakness, what is the euro? ”

Su Su said with a smile: "There are three conditions for RMB to become an international currency: First, RMB is denominated. It's that when Uncle Black Africa buys a pack of instant noodles and toilet paper, he asks how much it costs, and you answer 10 yuan, and he knows that you are talking about yuan, not dollars and euros. How? That is, China is the world's factory, capable of producing everything! Only by producing everything, you have the ability to price everything! The U.S. doesn't produce instant noodles. The production cost of the high wages and benefits of the European masters can't compete with China's instant noodles, they can't get the goods, and Uncle Hei will be troublesome and won't use dollars and euros to denominate. ”

"Second, RMB settlement! That is, the RMB cross-border settlement system CIPS mentioned earlier, which is equivalent to bank transfer, but it is simple to say, but it is far more complicated than the usual bank transfer. As mentioned earlier, Europe just doesn't have this system, and it uses the American SIFT, which will be disconnected by the United States at any time. Therefore, after the trade war, Europe decided to develop a system to connect with China within half a year. ”

"Third, to become the mainstream international reserve currency, currency swaps are just a foundation. The scale is not enough. How to make the renminbi reserve by other countries on a large scale? This has something to do with the response to the US dollar rate hike. ”

Jiang Gan began to read: "——On June 15, CCTV2 Financial Channel reported that on April 17 this year, in order to prevent the risk of economic growth, the central bank issued a policy to reduce the reserve requirement ratio by 1% for the five major banks, releasing about 1.3 trillion yuan of credit scale ......"

Su Su smiled: "Brother Qiang, did you hear it, lower the RRR!" It's that the bank doesn't deposit that much money, 1% is more than 1 trillion yuan, this scale! This is the rhythm of the renminbi to release water to the world to fill the vacancy of the return of the US dollar interest rate hike. ”

Jiang Gan continued: "On June 14, the financial news "The Federal Reserve Raised Interest Rates, and the Central Bank Stood Still"...... The central bank carried out a reverse repurchase operation of 150 billion yuan. ”

Su Su said with a smile: "The reverse repo operation is the repurchase of treasury bonds just mentioned, and the state buys back the treasury bonds from the hands of the people. This is the rhythm of China's continued collection of ammunition and preparation for the release of water. ”

Wang Qiang nodded as if he realized: "However, the dollar has raised interest rates after all!" The domestic dollar will definitely run, and China will not follow like this, so isn't that hurting each other? ”

Su Su smiled: "Good question! ”