Firmly at the top of the list!The share of US dollar payments exceeded 47, the euro continued to dec

Mondo Finance Updated on 2024-01-19

The U.S. dollar has always been around the worldCurrencyIt is firmly at the top of the payment market, with a share of more than 47%. This figure not only reflects the strong position of the US dollar, but also shows its global positionfinancial systemThe central role in the . The reason why the dollar can be in theInternationalThe main reason why it occupies such an important position in the payment market is that it is the world's leading playerReserve currencywithInternational** Main settlementCurrencystatus. At the same time, the United States, as a globalEconomyof the leader,EconomyThe strength also provides solid support for the solid position of the US dollar.

In addition to the above-mentioned factors, the position of the dollar is also due to its breadthInternationalAcceptance and liquidity. Whether it's inInternationalStillFinanceInvestmentsfield, the dollar is widely used, and behind this widespread use is the huge United StatesEconomyVolume andInternationalFinanceThe importance of institutions. Moreover, on a global scaleFinanceIn the market, many commodities and raw materials are priced on a US dollar basis, which makes it convenient and advantageous to hold US dollars. In general, the strong position of the dollar is determined by its global positionEconomyand the irreplaceability of its position.

Compared to the strength of the US dollar,EurosInInternationalHowever, the share of the payments market continues to decline. This phenomenon is mainly caused by EuropeEconomyGrowth is relatively slow and the ECB is accommodativeCurrencypolicy. EuropeEconomyRelative to other major onesEconomyThe growth rate is slower, which makes itEurosThe attraction is weakened. In addition, the easing adopted by the ECBCurrencyPolicies may also affectInvestmentsYesEurosconfidence makes it inInternationalThe share of the payment market is gradually decreasing.

ExceptEconomyIn addition to the factors, political uncertainty within Europe is also a factorEurosOne of the reasons for the continued decline. For example, the UK's Brexit event pairsEurosThe impact cannot be ignored. This incident triggered a series of political turmoil and instability factors within Europe, resulting in:InvestmentsYesEurosconfidence has been weakened. Therefore,EurosInInternationalThe share in the payments market is gradually decreasing.

Although relative to the dollar andEurosRMBInInternationalThe share of the payments market is still small, but its growth momentum is watching. According to the latest data,RMBInInternationalThe share of payments is 36% and is expected to continue to improve in the future.

RMBInternationalThe increase in the share of payments was due to a number of factors. First of all, ChinaEconomyThe rapid development and expansion of the foreign worldRMBofInternationalUse provides a wide range of space. China is the second largest in the worldEconomybody, itsEconomyThe scale and the scale are constantly growing. This makes more and moreInternationalTransactions as well as cross-borderInvestmentsIt's all involvedRMB。Secondly, China is actively promotingRMBofInternationalprocess. For example, the launch of cross-border**RMBSettlement pilot and establishmentRMBInternationalClearing center and other initiatives, all forRMBInInternationalThe convenience provided by the use in the market. In addition,RMBto be incorporatedInternationalCurrency** Organizing Special Drawing Rights (SDRs).Currencybasket, also elevated its actionsInternationalReserve currencystatus.

Summary: The dollar is inInternationalSolid position in the payments marketEuroscontinues to decrease, whileRMBofInternationalThe share of payments is gradually growing. This reflects the globalEconomyPattern of change andInternationalCurrencyDiversified development of the system. With ChinaEconomythe rise of the multipolar trend and the intensification of the multipolar trend,RMBInInternationalThe role in the payments market is likely to be further prominent. This is important for China and the worldEconomyAll of them have brought new opportunities and challenges. As a reader, what do you think about this phenomenon?Welcome to leave your valuable comments and opinions in the comment area.

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