According to Observer. com, local time10month10No., a reporter from the Japanese media Nikkei Asia, asked the governor of the National Bank of Cambodia in an interview, asking whether Cambodia prefers to use the US dollar or the RMB in the choice of settlement currency for international trade.

Xie Silei, Governor of the National Bank of Cambodia

Xie Silei, governor of the National Bank of Cambodia, responded, which was very interesting.

The first thing to do is ask the Japanese journalists.Because Cambodia has recently been actively seeking to join the RMB settlement system."CIPS¡±£¬Therefore, Japanese reporters asked whether Cambodia was going to "de-dollarize" and preferred to settle trade in RMB.

She is the governor of the National Bank of Cambodia, which is the central bank of Cambodia, and her statements represent the country¡¯s choice to a certain extent.

At present, the main settlement currency for international trade is still the US dollar.

A Japanese reporter asked the Central Bank of Cambodia if it prefers RMB settlement. If Xie Silei said yes, it would be about equivalent to Cambodia's official announcement of de-dollarization, which would undoubtedly offend the United States.

The problem is that Cambodia is actively seeking to join "CIPSIn fact, it is to expand the share of the settlement of the RMB. In a blank word, this is a real de-dollarization of goods.

This is the matter, but you can't say it like this. As the saying goes, the gun shoots the bird in the lead. As a small country, Cambodia does not dare to publicly say that it wants to de-dollarize.

At this point, the reaction of the governor Shelley appears to be important.

First of all, Xie Silei said that she opposed the use of the word "de-dollarization" to describe Cambodia's national policies.

This means that what currency Cambodia takes to settle international trade is in Cambodia¡¯s own interest and not in the United States.

Although the core is the same, but the purpose is different, which can also block the mouth of the United States and let go of Cambodia's suspicions.

In a nutshell, it means that Cambodia has no proactive idea of confronting the United States, and that if some monetary policy now adopted objectively reduces the use of the dollar, it is also in Cambodia¡¯s own interest.

After saying this, even if the United States wants to make trouble with Cambodia, there is no reason.

Because as a hegemonic country, you are losing ground everywhere in the financial game, and dollar settlement is no longer convenient for global trade and is not in the interests of other countries. If people choose other currencies to settle international trade, you cannot blame others, but can only blame the United States itself for its failure.

Secondly, after responding to the issue of "dollarization", Shelley responded to the question of Cambodian seeking to join the RMB settlement system, saying if not "CIPSCambodia would have to use Western settlement agencies to accept Chinese investments, or to purchase the supplies needed for infrastructure from China.

As we all know, China is the largest trading partner and investor of Southeast Asian countries. China often helps these countries develop by advancing funds for infrastructure construction.

In other words, it is Chinese loans to them, and then they buy various weapons from China for domestic construction.

In this context, money is China's money, and goods are China's goods, but US dollars are used for settlement. Isn't this unnecessary and harmful to China's interests?

With this perspective, she responded about why Cambodia should take the initiative to seek membership.¡±CIPS¡±It is very appropriate to prefer to settle trade in RMB.

If Japan, or the United States behind Japan, is more inclined to have Cambodia, and even other Southeast Asian countries, settle more trade in dollars rather than yuan, then are you like China, investing in Southeast Asian countries and helping people develop?

Now, the United States and Japan, and other countries, give no benefit, thinking of using Southeast Asian countries to block China, or maintain their own financial hegemony.

That's all, China helped Southeast Asian countries to develop, and they can't even look at what threat theory is.

But in this set of logic, there is an unusually conspicuousBUG, that's what you can do, you go on? It's obviously a bit untenable that you don't go on it yourself and accuse others of helping it.

Finally, Xie Silei also stressed that in fact, Cambodia is not trying to de-dollarize, but to strengthen local currency trade.

As far as possible, Cambodian currencies and Chinese currencies should be used in trade with Cambodia and China.

This reason can be called an excellent reason to oppose the hegemony of the US dollar and get rid of the settlement of international trade against the US dollar. Because you, the United States, can oppose other countries' use of RMB instead of US dollars for trade settlement, but it cannot oppose other countries' use of their own currency for trade settlement.

Because China is the world's largest100Trading partners of multiple countries export things to and import things from these countries, so it is feasible for China to adopt local currency settlement.

To put it bluntly, this means that small and medium-sized countries can use their own resources and mineral deposits to directly exchange industrial products and investment from China. In this process, the US dollar, the "world currency", can be omitted and unwanted.

Accordingly, when China and these countries both take their own currency settlement for international trade, the position of the dollar as the main settlement currency is naturally impacted.

If the share of US dollar settlement becomes smaller, the United States will not be able to use US dollars to harvest other countries unscrupulously.

The goal of global de-dollarization, or ¡°to use dollar settlements to bring risks,¡± has also been achieved.

As for the new international trade settlement currency after the collapse of the US dollar settlement currency, of course, it depends on which country has more things that other countries want.

Because the purpose of the world currency is to facilitate international trade, if China has everything other countries want, it will naturally become the general trend to settle in RMB.