Reborn Super Bank System

Just when the loan of more than two trillion kyats landed.

The news was immediately transmitted back to the country.

Early in the morning,

Capital.

Central bank.

International Department.

The person in charge Yuan Yi organized a seminar.

The main members of the department and some experts in economics and currency of the research institute were invited.

I gave Burmese a large loan.

Post-loan risk control is a must.

It's just that the situation here is really a bit complicated. The economic development of Myanmar is no problem at present, but the currency problem has suddenly emerged, making the leaders of a central bank nodded.

one country.

The situation of the two currencies is nothing unusual in China.

But it looks like Burmese is now.

Among them, the Asian dollar, as a niche currency, is playing an increasingly important role in the major currency circulation areas, and even directly participates in economic activities, which makes them a little confused.

Just like the day when the Hong Kong dollar suddenly circulates and settles in the country to maintain its value, it is so incredible.

This is an unprecedented situation.

There is no precedent at all.

"At the end of last year, we gave Myanmar a 160 billion yuan loan to help it develop its economy, improve people's livelihood, and carry out large-scale infrastructure construction. This money was successively created by the Bank of Myanmar at the international exchange rate.

Due to the huge amount of kyats flowing into the market and the over-issue of the Burmese government, the domestic currency depreciation of the kyat began. This is within our expectations. The value of the Asian dollar has remained stable. This is also ours. As expected.

However, what we didn’t expect was that the Asian dollar had become a safe-haven pool of funds in Myanmar during the kyat process, because there was no way for Myanmar to use the dollar reserves of Myanmar. .

Later, they discovered that the Asian dollar was freely convertible, and regarded the Asian dollar as a hedge currency similar to the U.S. dollar. A large number of exchanges made the kyat participate in the domestic economy and savings activities of Myanmar.

This is not the most important thing. Generally, commercial bank loans have deposit reserves, and some of them must be submitted to the central bank to ensure ordinary people's deposits and withdrawals, as well as the safety of deposits of residents and enterprises, and control the total amount of domestic currency flow.

However, the Bank of Burma does not have this restriction. All the kyats earned can be loaned out. This has caused the market circulation of the kyat to completely exceed the original expectations, and the devaluation of the kyat will be expected to lengthen and deepen.

This is not just a domestic matter in Burma, it has even affected our trade import and export with China, and many domestic companies have also joined this behavior to protect their own financial security.

The purpose of this meeting is to brainstorm and discuss the impact this will have on my country's economy and trade with Myanmar, and even Myanmar's domestic future economic development. This matter is highly valued."

Yuan Yi first fully explained the current situation.

The experts here all looked down at the documents in their hands, and they became more frightened as they looked at them.

It feels like Burma is crazy.

How can such a thing be allowed.

"Isn't there any restrictions on the exchange between the kyat and the Asian dollar? When was this released." An expert who had participated in loans to Myanmar rummaged through the documents in his hand, but could not find the answer to this question.

“It’s still uncertain at this time. The Bank of Myanmar has not released relevant information, and we do not have a government work report on Myanmar. We only know that there was a limit before, but when the limit is reached, it seems that the limit suddenly does not exist.

Our estimate is that the major interest groups in Burma have made efforts to lift this limit together to facilitate their asset preservation. You must know that the total amount of Burmese kyats in their hands is huge, and the banks that deposit Burma will suffer serious losses.

The reasons are also easy to find. Once the Bank of Myanmar has half of the renminbi allocation rights in its hands, and economic activities in the Special Economic Zone of Myanmar and other places in Myanmar are increasing, there are many possibilities."

Yuan Yi's answer.

The same as never said.

The experts glanced at him silently.

Yuan Yi still drank the tea calmly and rolled his eyes. What I don't know, what do you ask me to do?

The expert thought for a while and asked: "The problem now is that without the restriction of deposit reserve, the demand for value preservation from all sectors of the Burmese society is strong, which has caused the Bank of Myanmar to own a huge amount of kyats, and the Bank of Myanmar is unwilling. Having eaten up the loss of devaluation and invested heavily, the domestic liquidity of the Kyat has been completely out of control?"

"Yes." Yuan Yi nodded.

"If this continues, the inflation rate in Burma will be scary. Longcai and the others will not fail to see this." The expert doubted.

Yuan Yi replied: "Of course he can see it, but now we think that Langcai has a bigger plan, and they have also tasted the benefits of economic stimulus. Now we have given so much money, and it will be gone.

Lang Tsai may want to work hard again, with the help of external forces, to complete the construction of Burma in one go, but this is all speculation, the specifics are still unknown, but this time the budget exceeded the standard can tell a little clue."

Another expert answered: "This may not be what Lang Tsai meant. It may be the result of the joint efforts of major interest groups in Myanmar, and Lang Tsai had to compromise and agree to the budget plan that exceeded the standard."

"I also agree with this view. It is likely that Lang Tsai did not want to print money and finally compromised. He was afraid that the wind would not stop. After all, the power of interest groups was too strong." Another person said.

"I don't agree with Lang Tsai's prestige in Burma. I don't think I need to go into details. Even if he compromises, he won't compromise completely like this. Have you noticed that the loan limit this time is larger than the budget limit overrun Is this a decision made by a compromised Lang Tsai?" Liu Jin said, a silent Liu Jin.

Everyone heard it too.

Compromise is okay.

But Lang Tsai's prestige is not so low that it requires a completely unconditional compromise, and it adds to the flames.

If it is not a compromise.

So if it is not the initiative mentioned before, it has another purpose.

"Academician Liu, what do you think?" Yuan Yi asked.Liu Jin is the academician Liu.

Liu Jin thought for a moment, and said, "I also don't agree with Lang Tsai's idea that Lang Tsai wants to build it all at once. Lang Tsai is not that kind of person. This is determined by his character. I think he has other purposes."

"What's the purpose?" Yuan Yi asked intriguingly.

"Abolish Yayuan." Liu Jin said lightly.

As soon as this remark came out, the conference room fell into silence, abolishing Yayuan, logically..It seems to make sense.

Liu Jin went on to explain: "It is basically impossible for Lang Tsai to abolish the Asian dollar through an administrative order. Zero will not agree, and the Myanmar Special Economic Zone will not agree, and they have an important strategic position and their strength is not weak. Tsai cannot resolve the Asian Yuan militarily.

Then he can only use economic and monetary forms. Economically, the Myanmar-Asia Special Economic Zone has completed the initial industrialization, borders the three countries, and the roads are unblocked. Economically, it is not restricted by Lang Tsai.

So in the end it can only fall on currency.

During this period of time, the exchange limit disappeared, as well as the current loans, and possible more loans in the future, are all of Langcai’s bureaus, which not only solved development funds, but also solved an opponent.

The result is self-evident. Lang Tsai holds the first opportunity and all the advantages. He is still the orthodox of Burma. He will definitely be the final winner, of course, if there are no accidents."

"What's the accident?" Yuan Yi asked.

"This is too much. There are still two years left before Lang Tsai will be in power. Two years later, the attitude of the new president towards the Asian Yuan is not necessarily the same. The longer the time, the greater the variables, but the Asian Yuan is It is certain to be included in the kyat system." Liu Jin shook his head.

When saying this, Liu Jin's eyes flashed a little doubt, because Yayuan was not like a master sitting and waiting to die, nor was Zero, but he really couldn't think of any hope for Yayuan to win.

Yuan Yi was speechless.

Another nonsense.

Continue with today’s other topics.

"It can now be concluded that the construction and development of Burma will continue for a long time. Our Huaxia company has won more and more projects. In addition to the renminbi appropriation project, other additional projects are now received by all parties. Converted into Asian dollars as soon as possible.

Due to the restrictions of the Bank of Myanmar, these money cannot be converted into U.S. dollars in large amounts, and if converted into RMB, our exchange rate loss will be very large. Therefore, the money is still in the Bank of Myanmar and has not been transferred back.

The Bank of Myanmar is not the Central Bank of Myanmar. Although they have a lot of U.S. dollars and other foreign currencies, they are not obliged to exchange foreign currencies for our companies. Therefore, the Bank of Myanmar proposed to our bank last week to open up the free exchange of Asian dollars and RMB on a large scale. Proposal.

In order to solve the problem that some of the funds earned by Chinese enterprises are stuck and cannot be returned to the country.In this way, it is equivalent to officially treating the Asian dollar as a type of foreign exchange reserves. On this issue, what are your views and suggestions?"