People who often pay close attention to the foreign exchange market know that there are many factors that can affect the fluctuation of foreign exchange prices. Among them, the state's foreign exchange reserves can not only reflect the economic situation, but also have a certain impact on the foreign exchange market. I believe many people are more curious about the current situation of China's foreign exchange reserves. Let's take a look at China's foreign exchange reserves.
According to the data released by the people's Bank of China on January 11, 2011, the balance of China's foreign exchange reserves reached 1.53 trillion US dollars at the end of 2007, an increase of 43.3% over the previous year. At the beginning of reform and opening up, China's foreign exchange reserve was only 160 million US dollars. After less than 30 years of efforts, China's foreign exchange reserves have increased by 6000 times, and its changes can be described as "earth shaking". China's estimated foreign exchange reserves can be regarded as the creditor's rights of the country issuing foreign exchange. Holding a reasonable amount of foreign exchange reserves is not only for the sake of protecting the national economic security, but also the embodiment of a country's economic strength. However, if the composition of foreign exchange reserve is unreasonable or exceeds the appropriate range, it will bring certain negative effects. So is China's foreign exchange reserve on the high side? According to the current economic development level and the actual needs of foreign exchange reserves, the scale of China's foreign exchange reserves should be 454 billion US dollars. However, considering that the 454 billion US dollars is based on the data in 2004, the scale of foreign exchange reserves should be relatively small compared with the current needs of China At present, foreign exchange reserves have exceeded the trillion dollar mark. From this, we can clearly see that China's foreign exchange reserves tend to be surplus. The negative effect of foreign exchange reserve is too high, which will bring great challenges to the smooth operation of China's economy
1. The excessive foreign exchange reserves increase the pressure of RMB appreciation.
2. The excessive foreign exchange reserve has changed the money supply structure of our country, which has increased the pressure of inflation to a certain extent, and affected the independence of China's monetary policy.
3. Increase the exchange rate risk of foreign exchange reserves.
4. The opportunity cost of holding foreign exchange reserves is rising. The above is about the current situation of China's foreign exchange reserves. Investors can rest assured that the overall domestic economic situation is still very stable, and there will be no big impact and impact.
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