Core Viewpoint - The international monetary system is evolving towards a multipolar structure, which enhances the resilience of the system and contributes to global economic and financial stability [1] Summary by Relevant Categories International Monetary System Evolution - The evolution of the international monetary system over the past 20 years has two significant characteristics: the introduction of the euro in 1999, which currently accounts for approximately 20% of global foreign exchange reserves, second only to the US dollar [1] - Following the 2008 global financial crisis, the international status of the renminbi has steadily increased, making it the second-largest trade financing currency globally [1] - The renminbi ranks as the third-largest payment currency worldwide and holds the third-highest weight in the International Monetary Fund's Special Drawing Rights (SDR) currency basket [1] Future Outlook - The international monetary system is likely to continue evolving towards a structure where a few sovereign currencies coexist, compete, and balance each other [1] - Regardless of whether a single sovereign currency or a few sovereign currencies serve as the dominant international currency, the countries issuing these currencies must assume corresponding responsibilities, strengthen domestic fiscal discipline, enhance financial regulation, and promote structural economic reforms [1]
潘功胜:国际货币体系向多极化发展,有助于推动主权货币国强化政策约束
news flash·2025-06-18 02:03