Icyibandwaho | Bigenda bite? Igipimo cy'ivunjisha cya RMB cyageze ku rwego rwo hejuru mu gihe kirenga imyaka itatu! Ese ihindagurika ry'ivunjisha ry'impande zombi rizaba ryagabanutse mu mpera z'umwaka?

Mu gitondo cyo ku ya 8 Ukuboza, ingano y’ivunjisha ry’ifaranga rya RMB n’iry’inkombe byariyongereye, byombi bigera ku rwego rwo hejuru muri Gicurasi, kuva muri Gicurasi 2018. Kuki igipimo cya Yuan gikomeye cyane? Wareba gute uko ibintu bizagenda mu gihe kizaza? Yuan imaze kuzamuka ugereranyije n’idolari mu mezi atatu yikurikiranya kuva muri Nzeri. Kuva muri uyu mwaka, igipimo cy’ivunjisha rya RMB muri rusange cyakomeje kwiyongera kuva muri Kamena 2020. Imibare igaragaza ko kugeza ku manota 10 ku ya 8 Ukuboza, igipimo cy’ivunjisha ry’ifaranga rya RMB ku nkombe cyazamutseho 2.85% uyu mwaka, mu gihe igipimo cy’idolari rya Amerika cyazamutseho 6.88% muri icyo gihe. Kubera igipimo gikomeye cy’ivunjisha ry’ifaranga, igipimo cy’ivunjisha rya RMB cyazamutse ugereranyije n’icyitegererezo cyigenga. Ku ya 3 Ukuboza, igipimo cy’ivunjisha rya CFETS RMB, kigaragaza impinduka mpuzandengo y’ivunjisha ry’ifaranga rya Yuan ugereranyije n’isanduku y’amafaranga, cyatangajwe kuri 102.66, ku rwego rwo hejuru rwose kuva mu Ukuboza 2015, kandi cyazamutseho 8.25% uvuye mu mpera za 2020. Agakoresho ko koga mu mazi, Agasogisi k'imodoka zitwara chips na utugarura-rumuri tw'icyatsi kibisi ku muhanda bigomba kwitabwaho.

Zhang Yu, umusesenguzi mukuru wa Huachuang Securities, yavuze ko kuva muri Nzeri 2021, igipimo cy’ivunjisha cya RMB cyarahindutse cyane ugereranyije n’igipimo cy’idolari, kugaruka kw’igipimo cy’idolari ntigutakaza agaciro ahubwo bizamuka, kandi igipimo cy’igipimo cy’ivunjisha cya RMB kiri ku rwego rukomeye.
Banki y'Abaturage y'Ubushinwa yatangaje ku ya 6 Ukuboza ko izagabanya burundu igipimo cy'ibisabwa ku ivunjisha ku kigero cya 0.5 ku ijana ku ya 15 Ukuboza, kandi biteganijwe ko izarekura amayuni agera ku 12.000 y'amafaranga y'igihe kirekire. Muri rusange bikekwa ko kurekura amafaranga menshi bizashyira igitutu ku gipimo cy'ivunjisha ry'amafaranga yo mu gihugu binyuze mu buryo bwo kugena inyungu. Ariko, gutangaza igabanuka rya RRR ntibyigeze bigira ingaruka ku mikorere myiza y'igipimo cy'ivunjisha rya RMB. Kuva ku ya 7 Ukuboza, igipimo cy'ivunjisha rya RMB cyaranzwe no kwiyongera kwihuta.
Kuki ikomeye cyane? Kuki igipimo cy’ivunjisha rya RMB gishobora kuva ku isoko ryigenga? Ubwumvikane ku isoko bwatumye igipimo cy’ivunjisha rya RMB gikomeza kuba gihamye binyuze mu guteza imbere imikorere ihamye y’ubukungu, ukwiyongera kw’ishoramari ry’amahanga, na politiki ihamye y’ifaranga. Ku bijyanye no kugabanya RRR, umuntu ubishinzwe ushinzwe Banki y’Abaturage y’Ubushinwa yashimangiye ko icyerekezo cya politiki y’ifaranga itarahinduka, kandi kugabanya RRR ni imikorere isanzwe ya politiki y’ifaranga. Banki y’Abaturage y’Ubushinwa ikurikiza politiki isanzwe y’ifaranga, ikomeza gukomeza, ituje kandi irambye ya politiki, ntiyuhira amazi menshi, kandi izashyiraho ibidukikije bikwiye by’ifaranga n’imari kugira ngo habeho iterambere ryiza no kuvugurura imiterere y’ibicuruzwa. Igipimo cy’ivunjisha rya RMB cy’igihe gito kiracyakomeye, yitaye cyane ku mpinduka z’imyumvire ya banki nkuru Umucuruzi w’ivunjisha rya banki ihuriweho n’imigabane mu Bushinwa bwo hagati yavuze ko ivunjisha ry’ifaranga mu mpera z’umwaka rikora, ivunjisha ry’amabanki manini ryagabanutse cyane, byitezwe ko imikorere y’ivunjisha rya RMB ry’igihe gito ikiri ikomeye, igomba kwitondera cyane imyumvire ya banki nkuru n’uruhare rw’ingenzi mu ivunjisha ry’ifaranga. igipimo. Ariko, yanagaragaje ko banki nkuru igifite ibikoresho bihagije byo gutuma igipimo cy’ivunjisha rya yuan kiguma mu rugero rukwiye, ariko ubu ibonye ko banki nkuru ihitamo kureka imbaraga z’isoko zigakora ku gipimo cy’ivunjisha rya RMB, cyangwa kongera ku bushake uburyo bwo kugihindura. Hagati mu Gushyingo, inama y’urwego rw’igihugu rw’ivunjisha ry’ivunjisha yagaragaje ko ubukungu n’imari by’isi muri iki gihe bigoye kandi bihinduka, ubukungu nyamukuru politiki y’ifaranga ya banki nkuru yatangiye guhinduka, igira ingaruka ku gipimo cy’ivunjisha, igipimo cy’ivunjisha cya RMB mu gihe kizaza gishobora kuba izamuka, gishobora kugabanuka, ihindagurika ry’impande zombi ni ibisanzwe, igereranya rikwiye ni intego, ihindagurika rijyanye n’imbaraga zo gukosora.
Ingaruka z’ubwinshi bw’umuyoboro w’ivunjisha zishobora kugaragara mu mpera z’umwaka. Umushakashatsi wa Galaxy futures macro yavuze ko icyerekezo gikomeye cy’ivunjisha rya RMB giherutse guterwa n’ingaruka z’ubwinshi bw’imiyoboro y’ivunjisha mbere y’uko umwaka urangira. Mu ntangiriro, igipimo cy’ivunjisha cya RMB cyari gikomeye, kandi ibigo byinjiza amafaranga y’amahanga ntibishaka kugurisha amabanki ku giciro gito, ariko bizeye kugurisha amabanki ku gipimo cyo hejuru cy’ivunjisha, ni ukuvuga kutifuza kugurisha cyangwa kugurisha n’amadovize. Ariko, iyo igipimo cy’ivunjisha cya RMB kigumye gikomeye mbere y’uko umwaka urangira, biroroshye gutuma ingaruka z’ubwinshi bw’umuyoboro w’ivunjisha ziyongera, kandi ingaruka z’ubwinshi bw’umuyoboro w’ivunjisha zizarushaho kuzamura igipimo cy’ivunjisha cya RMB, kandi ibyago by’ivunjisha bizagaragara kandi bigaterwa n’ibigo byinjiza amafaranga y’amahanga nka kohereza mu mahanga. Abitabiriye isoko bagaragaje ko mu mateka, mu mpera z’umwaka, bitewe n’ivunjisha ry’ibigo byohereza mu mahanga, igipimo cy’ivunjisha cya RMB cyagenze neza mu gihe kinini. Amahirwe y’ingaruka z’ubwinshi bw’imiyoboro y’ivunjisha rishobora kwiyongera muri uyu mwaka. Ihindagurika ry’impande ebyiri ni ryo shingiro rikomeye Abitabiriye isoko bagaragaje ko vuba aha Amakuru yasohotse mu gihugu ajyanye n’ibyoherezwa mu mahanga yakomeje kwiyongera cyane, nubwo inyungu y’ubucuruzi iri hasi ugereranyije n’uko byari byitezwe, ariko aracyakomeza ku rwego rwo hejuru, ashyigikira umusaruro ukomeye wa RMB. Ibicuruzwa byoherezwa mu mahanga by’igihe gito bizakomeza gushyigikira renminbi, ishobora kugabanuka umwaka utaha. Gao Weidong, umuyobozi mukuru w’ubukungu muri Everbright Securities, yagaragaje ko uko icyorezo kigenda kigabanya inzitizi ku ruhererekane rw’ibicuruzwa, icyerekezo cy’ubwiyongere bw’ibyoherezwa mu mahanga by’imbere mu gihugu gishobora kugabanuka, kandi kugabanuka kw’inyungu y’ubucuruzi bizagabanya icyifuzo cyo kwishyura no kugurisha amadovize, bityo bigatera intege nke inkunga y’igipimo cy’ivunjisha rya RMB ku rwego rw’ibicuruzwa n’ibikenewe. Hari kandi abantu bakomeye mu bushakashatsi bavuga ko ubwiyongere buherutse bw’igipimo cy’ivunjisha rya RMB bugizweho ingaruka cyane n’ibintu by’igihe, ntibishobora gusobanura neza icyerekezo cy’igihe gito. Mu by’ukuri, mu myaka ya vuba aha, imikorere nyayo y’isoko yagaragaje kenshi ko ihindagurika ry’impande zombi ari ryo shingiro rusange ry’ivunjisha rya RMB. Abahanga mu nganda bizera ko igipimo cy’ivunjisha rya RMB mu gihe kizaza kizakomeza kuba gihamye ku rwego rukwiye kandi ruringaniye, kandi kigakomeza imiterere y’ibanze y’ivunjisha ry’impande zombi. Ariko Ingano y'inzira ebyiri za Yuan ishobora kuba nini kurusha uyu mwaka.

 


Igihe cyo kohereza: Ukuboza 13-2021