International Currency Competition under the Background of Digitization and Its International Enlightenment to RMB

Abstract

The emergence of digital currency has gradually shaken the status of traditional currency, people's traditional concept of currency is gradually being overturned, and traditional currency faces huge challenges and opportunities. With the increasingly fierce international currency competition, digital currency faces multiple challenges and opportunities. Under the background of digitization, the development of digital currency has had a huge impact on the existing international monetary system. On a global scale, central banks in different countries in the face of digital currency issuance have a more positive and open attitude, and this means the emergence and development of digital currency have a great probability of reconstructing the existing international monetary system. Our country's central bank leads the world in the research and development and issuance of digital currency, which not only enables more countries to pay attention to the RMB but also promotes the RMB to go global and further expands the circulation scale and quantity in the international trade market.