The World Began To "Weary" Over The Dominance Of The US Dollar.

< p > here the world is < a href= "http://www.91se91.com/" target= "_blank" > dress < /a > a href= "http://www.91se91.com/" target= "http://www.91se91.com/".

< /p >

P > despite the recent initiatives to diversify, many central banks say they have yet to find products that can really replace the US Treasury bond market in terms of security and liquidity.

< /p >

< p > it has been reported that, as the United States has used its "privileges" in recent years, "unscrupulous" shows its dominance in the international financial system, and has increasingly attracted the "rising" resistance of other monetary economies, especially the accelerated rise of the RMB, the process of global US dollar liberalization is also accelerating.

< /p >

P recently, French politicians and businessmen also attacked the dominance of the US dollar in international pactions.

Earlier, the US authorities imposed a fine of $9 billion on the U. S. authorities, using the Bank of Paris, France to help Sultan and other countries to escape the US sanctions.

< /p >

The US P penalty for the nearly ten billion US dollar bank of Paris bank and the penalty for suspending the US dollar clearing business are encouraging us to go to the dollarization of the banking industry.

French central bank governor Noah said.

< /p >

P, French central bank governor Noah said: "French companies may use as much money as possible, which is in the best interest of French companies.

For example, trade between China and Europe, we can use the euro and the renminbi to stop using the US dollar.

< /p >

Not only that, but recently, Christophe de Margerie, Dahl's chief executive of the world's thirteenth largest oil producer and the second largest European oil producer, said there was no reason to pay for oil in the US dollar, which has long passed the peak of the oil dollar P.

< /p >

< p > French finance minister Sapan has said that the euro zone finance ministers will discuss ways to enhance the euro's use in international trade on Monday's monthly meeting.

< /p >

Like P, the developing countries have also made positive efforts in this regard, like the European Union has launched the euro.

< /p >

"P", "voice of Russia" radio station reported that, first of all, BRICs took the first step in building banks.

The bank can finance large infrastructure projects.

In the long run, BRIC can become a "substitute" for the IMF.

BRIC countries have long criticized this old financial institution.

< /p >

Anna C Karel Va, an analyst at Russia's "ALPARI" company, also commented that the significant difference between the future BRICs Development Bank and IMF and other institutions is no political pressure.

Another point is that the bank will operate on an equal share.

< /p >

< p > it is reported that the development of BRICs "a href=" http://www.91se91.com/news/index_c.asp "/a" will not be able to replace the IMF in the initial stage, nor do they want to take this as a goal.

However, the emergence of such a mechanism will provide new opportunities for these countries to develop.

From the perspective of the future, it will challenge the United States' dominance in the world financial system.

< /p >

< p > in addition, the United States announced sanctions against Russia because of the stalemate in Russia and Ukraine. Because of the worry that the United States would use the status of the dollar to artificially tear Russia from the international financial market, Russian companies are turning their contracts to other currencies such as the euro, the renminbi and the Hong Kong dollar.

< /p >

P, the world seems to be tired of the hegemony of the US dollar.

< /p >

P, French finance minister Michel, said in an interview with the financial times that he called for a "rebalancing" of currencies used in international payments.

Sapan also said that the punishment of the Bank of Paris in France should "make us aware of the need to use a variety of currencies".

< /p >

"P," he said at an economic conference on the weekend, "we (European countries) also use US dollars to sell goods such as planes when we sell each other.

Is it necessary? I don't think it is necessary.

< /p >

"P >" rebalancing is both possible and necessary, not only for the euro, but also for the major currencies in emerging countries.

The latter accounts for a larger proportion of Global trade. "

< /p >

Ma Zherui, chief executive of Total, the largest French company with the largest market value, said that he felt that even if the benchmark price was likely to continue to use the US dollar, there was no reason why oil procurement should use the US dollar, P said.

< /p >

< p > he said: "even if oil price is quoted in US dollars, the refinery can also use euro to us dollar exchange rate on any day and agree to pay in euros."

< /p >

< p > the establishment of Bretton Woods system 70th anniversary, the international monetary system began to diversify.

< /p >

Recently, the people's Bank of China and the Bank of Korea signed a memorandum on the establishment of RMB clearing arrangements in Seoul in Seoul.

20 days ago, China also launched a direct trading of RMB against the pound.

< /p >

< p > British website article says the United States understands the benefits of economic cooperation from its bitter experience.

After the first World War, the United States failed to set up an institution to help guide the world economy, which exacerbated the great depression and laid the foundation for the next major disaster.

< /p >

P. That is why, at the end of the Second World War, the United States and its allies drew up a preliminary plan for the world economy in a small holiday resort in New Hampshire, and set up some agencies to ensure the implementation of the plan.

Despite some shortcomings, the Bretton Woods Agreement signed in July 70 years ago helped usher in a long and relatively calm period of economic growth.

< /p >

< p > however, today's great powers seem to have forgotten this lesson.

The United States and Europe failed to strengthen and reform the products of the Bretton Woods Agreement, the International Monetary Fund (IMF) and the world bank. They have been slow in expanding the role of China in these institutions (China's voting power is still less than that of Benelux).

< /p >

At the same time, like P, a century ago, China displayed its strength around its periphery, but outsourced its global leadership to other countries.

Together, these two points may bring another dangerous and leaderless period to the world economy.

< /p >

< p > article states that in the Bretton Woods system, some provisions are more durable than other regulations. By the end of the 70s, capital controls and fixed exchange rates had basically disappeared.

But now it looks as if the whole system is crumbling.

When global trade negotiations are still close to a standstill, countries are complaining about destabilizing capital flows.

< /p >

Obama P wisely promoted a plan to give IMF more money and strengthen the influence of fast-growing developing countries in IMF.

However, Congress refused to support these agreed reforms.

At the same time, the United States and Europe are seeking to reach an ambitious trade agreement with each other and with other Asian countries outside China.

However, these agreements have not yet been reached, and Congress has actually obstructed such efforts.

< /p >

< p > China has grasped hints.

Its initial interest in the world bank and IMF began to decline.

Chinese leaders are committed to building an independent system.

At a recent summit, leaders of Brazil, Russia, India, China and South Africa estimated that they would agree to set up a $50 billion BRIC Development Bank and consider establishing a BRICs contingency fund in accordance with the IMF model.

China also plans to set up an Asian infrastructure bank to compete with Japan's dominant Asian Development Bank.

< /p >

< p > commentator commented to song Zuo that the future is actually the struggle between the three dollar, euro and RMB as hegemony.

However, there are still some challenges to pull the dollar down.

< /p >

< p > according to a recent global survey, 87% of pactions in the foreign exchange market with a daily trading volume of US $5 trillion are traded in US dollars.

< /p >

< p > despite the recent initiatives to diversify, many central banks say they have not yet found products that can really replace the US Treasury bond market in terms of security and liquidity. More than 60% of their foreign exchange reserves are dollar assets.

< /p >

< p > a senior French official doubted whether the government could promote more use of "a href=" http://www.91se91.com/news/index_s.asp "euro" /a "in international trade:" in the end, it is hard to imagine what they can do.

These things are actually determined by the market. "

< /p >