RMB convertibility and china s FX market development strategy;
Afterwards the wording in all the official documents is RMB convertibility, including RMB convertibility in current account and capital account.
The convertibility of Renminbi under the capital account and the financial regulating system.
RMB Internationalization is dependent on China's economic strength, the convertibility of RMB, and RMB exchange rate formation mechanism.
In 1971 Richard Nixon sought to solve the mounting crisis of a large trade deficit and a costly war in Vietnam by suspending the dollar's convertibility into gold.
China has already archived the free convertibility of the RMB under the current account, and the average tariff rate for industrial products is expected to drop to 10 percent by the year 2005.
RMB basic convertibility and FX market development;
But they suffer from limited currency convertibility and a lack of investment opportunities.
We must push forward the free convertibility of the RMB step by step in an orderly manner.
Bo Yan has posted a notice clearly stating that the non-convertibility fair, which is being implemented in a hurry, is losing credibility among the people.
Any other event beyond Our reasonable control including (but not limited to) situations where the failure or delay is due to restrictions on convertibility or transferability, requisitions, involuntary transfers, acts of war, civil strife, flood, fire or any other similar causes.
After RMB current account convertibility was carried out in 1996, people expect to realize RMB capital account convertibility.
The following conditions are required for the free convertibility of the RMB: first, a strong national strengthen;
There was talk of the suspension of gold convertibility but Britain was rescued by loans of 4.5m from France and Russia.
They dropped the pound convertibility.
With the entry into WTO, the convertibility of the RMB in Capital Account is in trend.
Of course, eventually everyone hopes to see full convertibility under capital account and the end of the spilt between onshore and offshore markets.
The chief roadblock is macro:the yuan's lack of full convertibility.
A: The central bank has never made a timetable for the free convertibility of the Renminbi by the turn of this century.
We're left with the central banking institutions that are now functioning without convertibility to gold.
safety, profitability, liquidity and convertibility
I have directed Secretary Connally to suspend temporarily the convertibility of the dollar into gold... Now, what is this action - which is very technical - what does it mean for you?
second, the achievement of convertibility under capital account;
Therefore, to study the necessary conditions of capital account convertibility will be of great theoretical and practical significance.
The convertibility of capital items is a key link in the realization of the free conversion of Renminbi.
