货币主权对人民币国际化的影响

Monetary Sovereignty and Its Influence on Internationalization of RMB

货币主权是国家主权不可或缺的组成部分,每个国家均可依据货币主权处理其境内货币事务。法定货币是国家主权的直接代表,任何主权国家都有权禁止外币在其境内流通,法定货币的国际化面临主权矛盾。货币财产是由法定货币衍生出来的金融资产,不是主权货币本身,只要交易双方接受,就能实现国际流通。在实施人民币国际化战略时,人民币现金国际化不应成为我们追求的目标,重点应放在人民币财产国际化上,同时须完善与之相应的法律制度,以使人民币"流出—回流"形成良性循环。

Because monetary sovereignty is an indispensable part of sovereignty,each country has power to handle its monetary affairs. As legal tender is the direct representative of sovereignty,every sovereign state has power to prohibit foreign currency circulation in its territory. As a result,the internationalization of one country's legal tender faces the contradiction of sovereignty. As financial assets derived by legal tender,as long as the parties of transaction accept,currency property can realize international circulation. In the process of the implementation of the strategy of internationalization of RMB,emphasis should be placed on the internationalization of RMB property.