What is China s standard system, and what kind of standard country is China

China uses the paper standard, the paper standard has formed a management currency, paper money is no longer involved with the **, as long as the issuance of paper money, can meet the needs of people's life and transactions, the value of paper money can be maintained, this paper standard can exist. Now all the paper money or coinage of all countries in the world is essentially "command" money, and the reason why this currency is money is because the order is money, and everyone accepts it.

This managed currency still has a certain exchange rate when conducting international transactions. Prior to 1974, the International Monetary Organization (IMO) required national currencies to be at parity with the United States dollar, which was linked to the United States dollar, and the exchange rate was converted at parity. However, after 1974, the dollar was separated from the United States, and this parity system no longer existed, and the exchange rate of various countries had to rely on the supply and demand of the foreign exchange market.

Under the paper standard, the supply elasticity of money is very large, and when it is not properly managed, it is very easy to lead to inflation, and countries often engage in depreciation races in order to develop their export interests, resulting in international economic instability. However, this system is the only method that is currently applicable, and its money supply is elastic, can be used as a means to regulate economic goals, and is not limited by the supply of **, and can cope with the increasing distance of **payment, which is the reason for the existence of this system.

China's exchange rate system is a managed floating exchange rate system based on market supply and demand, and implements an exchange rate policy pegged to the US dollar. That is, the exchange rate of the RMB and other currencies is consistent with the exchange rate of the US dollar and the currencies of other countries.

China is a credit-based country. The credit standard, also known as the management of the banknote standard, was the financial crisis of the 30s of the 20th century.

The economic crisis broke out, and the gold standard was put in place.

After the collapse, countries around the world switched to adopting a monetary system. The credit standard is a monetary system commonly adopted by all countries in the world.

The widespread implementation of the credit-based system was one of the results of the economic and monetary crises of the 30s of this century.

Definition of standard-based

The standard system is a monetary system with ** as the standard currency.

Under the standard-based system, ** has all the functions of money, including the measure or mountain of value, the means of circulation, the means of storage, the means of payment, and the world currency.

Until the 70s of the 19th century, some major countries in Europe and the Americas successively implemented the standard system in their countries.

The currency reserves of each country are **, and international settlements are also used**, which can be freely exported or imported, and when the international ** comes out of the stool to trigger a deficit.

, you can pay with **. When different countries use the standard, the exchange rate between countries is determined by the ratio of the gold content of their respective currencies to the gold parity.

The standard system has three major characteristics: free casting, free exchange, free input and output: with the formation of the standard system, it assumes the general equivalent of commodity exchange.

It has become a medium in the process of commodity exchange, and the standard system is the peak of the performance of monetary attributes.

At present, China implements a credit-based system.

The widespread implementation of the credit-based system was one of the results of the economic crisis and the currency crisis in the 30s of this century. Its main features are:

It is paper money and bank deposits that perform monetary functions in circulation.

The gold content stipulated in the currencies of various countries is only nominal, and cannot be exchanged according to this single clump of dust**.

** No longer a preparation for the issuance of a country's currency.

Under the credit standard, the amount of money in a country does not depend on the country's metal reserves, but on the monetary policy formulated by a country** based on the judgment of economic development or other factors. Under this system, the process of money creation is a breeze, the costs are negligible, and it is controlled to varying degrees. No country has a gold standard.

The standard system is to use a certain substance as the common currency of a country, and the common ones are the gold standard and the silver standard. Silver was used as the standard currency earlier than gold, and was replaced by the gold standard after the 20s of the 19th century

In China, it is stipulated that RMB is used as the standard currency of accounting, which means that all financial statements of domestic enterprises must be reflected in RMB, which is convenient for macro analysis such as statistics and planning, as well as horizontal and vertical comparison.

In addition to the main currency and auxiliary currency, there is also a commemorative coin. The so-called commemorative coins are coins issued selectively and controllably by the state to commemorate major events at home and abroad, important historical figures, or according to special needs.

The international monetary system before the First World War was a typical international gold standard monetary system. This international monetary system, which lasted from about 1880 to 1913, was formed spontaneously after the economic ties between the capitalist countries became closer and the major capitalist countries adopted the gold standard monetary system.

With the development of contradictions between the major capitalist countries, the factors that undermine the stability of the international monetary system are growing day by day. Britain during the Napoleonic Wars and the United States during the Civil War stopped exchanging paper money.

By the end of 1913, Britain, France, the United States, Germany, and Russia accounted for 2 3 of the world's largest stocks, and the vast majority of them were occupied by a few powerful countries, which weakened the foundation of the monetary systems of other countries.

By 1913, about 60% of the world's currency was concentrated in the banks of various countries, and countries used paper money to circulate in the market, which affected the credit of the currency, and some countries in order to prepare for war, ** expenditure increased sharply, and a large number of bank bills were issued, so the exchange of bank bills became more and more difficult, which undermined the principle of free convertibility.

In times of economic crisis, the export of goods decreases, and capital flight is serious, causing a large outflow; Countries have restricted movement and cannot move freely between countries. The stability of the international monetary system is no longer guaranteed as some of the conditions necessary to maintain the gold standard are gradually undermined.

After the outbreak of the First World War, countries stopped the exchange of bank bills** and banned their exports, and at the same time there was severe inflation. During the war, countries implemented a free-floating exchange rate system, exchange rates fluctuated wildly, and the stability of the international monetary system no longer existed. Thus the gold standard came to an end.

There is no country with a gold standard anymore.

The collapse of the gold standard and its effects.

After the outbreak of World War I in 1914, in order to raise huge military spending, countries issued uncashed paper money one after another, prohibiting the free export of **, and the gold standard came to an end. This was followed by the creation of the gold bullion and the gold exchange standard, which did not possess a series of characteristics of the gold standard, and were therefore also called incomplete or incomplete gold standards. Under the impact of the world economic crisis of 1929-1933, this system was gradually abandoned by various countries.

After World War II, an international monetary system centered on the US dollar was established, which was actually a gold exchange standard, in which gold coins were not circulated in the United States, but other countries were allowed to exchange dollars for them, and the US dollar was the main reserve asset of other countries. However, due to the impact of the dollar crisis, the system gradually began to waver, and in August 1971, the United States stopped converting the dollar and devalued the dollar twice, and this incomplete gold exchange standard also collapsed.

Not the gold standard; to be precise, the essence of China's monetary system is still the grain standard, and the gold standard is supplemented by a kind of currency, and its main body is the grain standard; of course, the grain standard we are implementing now is different from the old grain standard; it can be called the modern grain standard; the biggest difference between the modern grain standard and the old grain standard is the redefinition of grain; more realistically, the grain standard is still more beneficial than disadvantageous to China, but at present, China's development speed is too fast, resulting in the impact on the grain standard currency, which is most reflected in daily life.

The gold standard is no longer implemented, there is too little gold, but gold is still very useful, or put it in the country's central bank insurance, hide the gold from the people, and make some gold and silver coins, which is also good, barter is a good supplement to the weakening of the dollar, of course, there will definitely be a new system.

It's not the gold standard, it's pegged to the dollar.