In real life, we often see the price tag of the shopping mall with the three letters "RMB" on the back, so we mistakenly think that the English pronoun of RMB is RMB. However, in fact, this is not the case. These three letters are the initials of the RMB Pinyin, not the English name of the RMB.

In the international community, the name of RMB is not so hasty. Especially in recent years, with the continuous growth of China's national economy, the position of RMB in the international community has also risen. Based on this development situation, the RMB has a very tall name, that is, CNY.

The so-called CNY is actually the acronym of three English words. The first letter and the second letter should be seen together, which is the abbreviation of the English word CN. As for the third letter Y, it is the abbreviation of "yuan". Together, it means "China Yuan".

Of course, many scholars believe that CNY should not be interpreted in this way, but should be called the Chinese New Year, which is an affirmation of many achievements since the founding of New China. But what kind of explanation I know fully proves that the affirmation of the international community to our country is not there.

From an objective point of view, China's economic development is indeed attracting worldwide attention. In particular, as the second largest economy in the world, we also have many countries and regions in the world with very close trade contacts. The position of RMB among international currencies is also rising.

At present, the United States is facing an extremely severe economic crisis. Under such circumstances, China's economic development has attracted more attention from the world. It is really not easy to maintain stable development at a time when the epidemic continues to protect the economy from constant turbulence. Many countries in the world will take the initiative to learn from us when they are envious.

2、 The rising status of RMB

As we all know, nowadays, with the constant interest rate increase of the Federal Reserve, the dollar currency has also experienced a significant appreciation. The appreciation of the US dollar often corresponds to the devaluation of other countries' currencies. Under such circumstances, countries all over the world have begun their own process of de dollarization.

Japan, which had a very good relationship with the United States before, is also selling its existing US debt. In addition, in the process of trade with China, countries around the world will also give priority to RMB or Euro as the settlement method. From this, it is not difficult to see that the status of the US dollar is declining.

Although in a short time, the US dollar can still maintain its position as the currency hegemon. But when the tide of false prosperity recedes, the actual status will also be greatly reversed. Under such circumstances, its position as the world's largest economy may also be shaken.

China, which followed closely, has maintained a very stable growth rate in recent years. It is hoped that China's economic development has also had a corresponding impact, and the crazy devaluation of the RMB has also occurred before. But fortunately, China's central bank has been quietly guarding behind the scenes, and has not brought too much turbulence to the development of the domestic market economy.

Up to now, the domestic economic development is still in a thriving state. Although affected by imported inflation, the price level has risen correspondingly compared with the past. However, none of the this has caused much trouble to people's lives. We can still live a life envied by other countries in current post epidemic era.

Based on the continuous development of China's overall economic strength, China's official currency, the position of RMB in the international community is also rising. Especially since 2022, more and more countries have begun to increase their storage of RMB. Russia, which is good neighborly and friendly with China, has also directly opened up RMB storage business in major banks.

From this, it is not difficult to see that countries around the world also have a higher recognition of the status of the RMB. In the future, with the passage of time, more and more countries will take the initiative to use the RMB. At that time, the position of China's official currency among many currencies will also rise all the way.

epilogue

In a word, the development of RMB status has always been closely related to the development level of China's national economy. The two sides interact and promote each other. In your opinion, is it possible for the RMB to surpass the US dollar in the future?