“境外人民币”的发行及其意义

The Issuing of Off Shore RMB and Its Significance

"境外人民币"可以在国内庞大的人民币储蓄与外汇储备之间建立一堵"隔离墙"、"防火墙",以防止外汇储备被国内庞大的人民币储蓄所挤兑;发行"境外人民币"可以使中国每年从国际上获取约两千亿美元的巨大"铸币税"利益。可以通过中国出口的所有商品和服务均以人民币标价和结算来强力推行"境外人民币",同时需要保持稳健的货币政策以稳定人民币的币值、维护人民币的信誉。

OFF SHORE RMB （OFSRMB） may be a ＂separating wall＂ or ＂Firewall＂ that can separate foreign reserves of China from its huge domestic savings, so it is avoided that foreign reserves of China are exchanged by huge domestic savings. China may get huge benefits of about two hundreds billions of dollars per year by issuing OFSRMB, which called benefits from ＂mintage＂. This paper points out that it is needed that pricing and paying in RMB in all export of goods and services from China may promote the using of OFSRMB, and China needs to perform steady monetary policy for reputation of RMB after issuing OFSRMB.