Research On The Current Situation And Improvement Path Of Cross-border Settlement Of China-Myanmar Currencies

China and Myanmar are geographically adjacent,and the two countries are interrelated in many aspects.Especially with the development of China's economy,the two countries have closer exchanges in politics,economy and culture.In terms of further cooperation in economic and financial aspects,cross-border settlement of China-Myanmar currency has also achieved further development.Especially after the introduction of the Belt and Road Initiative,China-Myanmar currency cross-border settlement faces more new opportunities.However,in the face of new opportunities,China and Myanmar still exist in cross-border settlement of currency.For example,the development of currency exchange market between the two countries does not match the development of economic and trade;the monetary system is unstable,exchange rate fluctuations are large,and bilateral exchange rate difficulties are difficult to connect.The black market transactions became more and more rampant,and the black market exchange rate continued to rise,which led to the fluctuation of the official exchange rate,which caused the official exchange rate pricing power to be left behind and raised the cost of private econo mic exchanges between the two countries,which greatly affected the financial stability of the border areas of the two countries;Due to the large amount of RMB exchanged through the private money market,it hindered the development of the border trade settlement business of the formal currency exchange institutions,which eventually led to many problems such as the misplacement of the formal and informal currency exchange markets.In view of this,the paper mainly clarifies from the historical origins of t he deep cooperation between China and Myanmar,the solid trade basis,the continuous project investment and cooperation,the financial cooperation conditions,the status of financial cooperation between the two countries and the cross-border currency exchange channels.A solid foundation for China-Myanmar financial development and cross-border settlement of currency.Based on the analysis of the current situation of China-Myanmar settlement,it is found that the development of currency exchange market does not match the development of economic and trade,the monetary system is unstable,the bilateral exchange rate is difficult to connect,and the formal and informal currency exchange markets are misplaced.The cross-border settlement of China-Myanmar currency is mainly concentrated in Dehong Prefecture.Through the freezing of the account of Ruili City in Dehong Prefecture,the analysis of the impact and causes of the centralized withdrawal event,it is concluded that the China-Myanmar currency franchise exchange institution needs to be supported,and the cooperation of financial policies and regulations needs to be strengthened.The enlightenment of the unimpeded mechanism of financial trade information needs to be built.In order to further improve the cross-border settlement of China-Myanmar currency,it is necessary to actively expand the existing settlement mode of China and Myanmar and strive to open up new settlement channels,accelerate the legalization of the implementation of the informal currency exc hange market,and establish a sound cross-border capital supervision system.Actively guide the exchange rate formation mechanism of RMB against the Myanmar currency,promote structural reforms on the supply side,improve financial services of commercial banks,strengthen Sino-Myanmar political mutual trust and cross-border financial cooperation,and actively overcome the obstacles to China-Myanmar policy support.The Myanmar Currency Cross-border Settlement Development Fund and the unrestricted cash flow mechanism in the cross-border free trade zone.