Last couple of stages, “HD90” and other numbers at the beginning of the high-flow simulation around the country caused the yuan “collective panic”, the media, said the yuan counterfeit money has been flowing into Hong Kong and Singapore and other Southeast Asian countries. For a time, “counterfeit” event also received media attention abroad. The U.S. media, the proliferation of counterfeit currency may affect the RMB’s international reputation, and the RMB an international impact.

From “counterfeit” event took place in various cities and provinces in China has given a number of foreign media reports. British Broadcasting Corporation (bbc) reported that China’s central bank on the yuan counterfeit appearance before the Spring Festival to be a “warning”, but a Beijing paper media also said: “no need to cause panic, therefore, to identify ways to distinguish between true and false some of the renminbi.”

At the same time, there are media that counterfeit incident might affect the internationalization of the yuan. 10 Voice of America Web site reported that “the proliferation of counterfeit RMB fear of jeopardizing the people’s confidence and credibility, and will in the short term its currency as a regional clearing a barrier to trade.”

Reported that counterfeit money has also been flow to surrounding countries and regions. The report quoted Hong Kong “Oriental Daily” said that these counterfeit disrupt the financial order, and the yuan’s international credibility considerable adverse effects, which might make the yuan hit Beijing will lead to “Asian Dollar” to fall short.

2008 at the end, in the context of the financial crisis, Malaysia, Indonesia and so on through various channels, expressed the hope that China will be assistance in the financial crisis, the desire. Malaysia in 2005 to abandon its currency pegged to the dollar, at present, Malaysia has one of the RMB as its foreign exchange reserves. The Philippines also signed a presidential decree in 2006 to require the central bank’s foreign exchange reserves as one of the RMB. Hong Kong “Ta Kung Pao,” had also commented that, under the impact of the financial turmoil, especially when the dollar volatility, the reconstruction of the requirements of the international monetary system, the growing internationalization of RMB is imperative, otherwise the Chinese will be a lost opportunity.

Voice of America reported that media speculation that China hopes to push the yuan to become an international currency, and even compete with the U.S. dollar in the future as the international reserve currency. The article quoted commentator on China Ho Liang-Hong Kong as saying: “counterfeit money itself does not have a negative impact on the value of the renminbi, but fear the proliferation of counterfeit currency will affect confidence in the use of the RMB, may be popular in Asia, the yuan has been a barrier to internationalization. “

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