Reborn Super Bank System

It is also because Burmese spent too much money during this period.

There are also many subsequent investment plans that have greatly affected its trade settlement with China, and it has to introduce some restrictive measures. Otherwise, the current headache for Lang Tsai is not the printing of money and the devaluation of the kyat.

It is a matter of running out of RMB reserves.

Burmese and China have similar currency problems.

It’s just that Burma’s ability to resist risks is many times weaker than China’s.

Although China has a lot of foreign exchange reserves.

However, if the profits generated by the investment of foreign-funded enterprises are to be withdrawn in large quantities by others, China's foreign exchange reserves will be a little stretched. The current scale of domestic foreign investment represents the amount of funds that may be withdrawn.

When these foreign funds are gone, they are all exchanged for U.S. dollars.

Do it this way.

Are there many trillions of dollars in foreign exchange reserves?

Ha ha.

What's more.

If foreign companies transfer their profits back to their countries on a large scale, it is still a problem that the central bank’s foreign exchange cash is not enough. It is not uncommon for foreign exchange reserves to shrink by half.

This is what happened in Myanmar.

In China, billions of dollars are not a big deal now.

But in Myanmar now.

If you want to leave hundreds of millions of dollars, Myanmar will have a headache and restrictions, because the foreign exchange reserves in hand are too precious. In a former agricultural country, making money basically depends on the sale of resources and ground food.

After finally saving money, expanding production, investing in building roads and building factories, he kept consuming foreign exchange reserves before he saw any profits, and Lang Cai felt distressed.

then.

The Central Bank of Myanmar had a discussion with major Chinese companies.

Let this large sum of money stop in Burma.

In order to preserve value.

It was replaced by Yayuan.

Stopped at the Bank of Myanmar.

"I remember that the Bank of Myanmar has loaned us? So a lot of money, more than 100 billion, is it not good to use this money to transfer the stranded funds of Chinese enterprises?" Liu Jin suggested.

Other economists have found it feasible.

This time the stranded funds are less than RMB 10 billion, and the loan from the Bank of Myanmar can be fully supported.

but.

Yuan Yi shook his head helplessly, and said, "No, they are all spent."

This word came out.

They were shocked.

"What? It's all over, isn't it impossible."

"Yes, more than 100 billion, faster than Burmese scaly flower?"

"Yes, where did it all go? It's only a few months."

"..."

The meeting room was fried.

More than 100 billion yuan.

What concept.

You suddenly told me it's gone?

Yuan Yi signaled everyone to be quiet, and said: "It was originally there. The agreement we signed before was a loan in batches, but their investment was too large and too complicated, and a lot of money was taken out. It was to be allocated to various projects. of.

And they applied for a fast loan again, and now there is less than 20 billion yuan left. The money they say is to be used to maintain the company's venture capital and cannot be moved."

"..."

Faced with such a speed of spending money.

What else can they say.

"Then there is no way. They don't have much renminbi in their hands. In the short term, there is a trade deficit with my country. The opening can be opened, but it should not be too large. A ceiling must be set. If it exceeds, they will have to use asset mortgage." Liu Jin groaned.

"I suggest that they can use the 20 billion yuan to put it forward."

"You said it lightly, would others be willing? This is their real money asset mortgage loan, and this time it is to help the transfer of funds from Chinese enterprises back to the country. The nature is different."

"We have helped them so much, this request shouldn't be too much."

"It's not too much, but if someone else needs funds in the future, it's not a loan. It's useless. It's better to just create another funding channel, less than 10 billion, and not too much."

"..."

The meeting room suddenly began to argue.

One side thinks that it will start, what a big deal, anyway, the total trade volume between the two sides is constantly expanding, and the current situation in Myanmar is relatively stable. The Myanmar-Asia Special Economic Zone is developing well and cannot lose money.

The other party believes that holding the Asian dollar is very risky, and it may become waste paper at some point. Although the kyat is weaker, at least it is the legal tender of Myanmar, and it will definitely not fall.

There are reasons on both sides.

Yuan Yi kept listening.

The subordinate quickly formed a report.

He did not participate, because he did not make the final decision.

The significance of this kind of seminar is not to allow experts to discuss a reason, but to form a detailed risk assessment report to supplement the facts and theoretical basis for the leaders' decision-making.

Ultimately, the upper level of the central bank decides which policy to implement.

The more the argument, the clearer the reason.

This is the case.

After one hour.

End of the meeting.

Yuan Yi handed over the minutes of the meeting to his subordinates.

Three o'clock in the afternoon.

A detailed research report of more than 20 pages was released.

Submitted to the leadership of the central bank.

Early the next morning.

The central bank meeting decided to temporarily include the Asian dollar in the list of reserve currencies. In the future, trade settlement with the Myanmar Special Economic Zone will be based on the Myanmar Kyat, and the Asian dollar currency will be added.

This result will take effect the next day.

of course.

Langcai also needed to communicate, and Huaxia could not decide unilaterally.

For China's approach.

Lang Tsai did not say anything, but also expressed understanding.

He doesn't understand it. The renminbi reserves in Myanmar are not enough, the US dollar reserves are also being consumed, and the kyat depreciation is imminent. It is understandable that Chinese companies are looking for a new channel for capital outflow.

But this is also good.

Let the Asian dollar relieve the pressure on the Bank of Myanmar.

I also breathed a sigh of relief.

As for the consequences and impact, Lang Tsai doesn't care, it's only 10 billion yuan. Myanmar is now in a special period, and the Asian dollar has gotten a little bit cheaper, breaking his quota limit.

But China is a great country.

It will not give the Asian dollar a chance at all.

Thought of this.

Lang Tsai was relieved.

I feel happy.

Because of this policy of Huaxia, the renminbi in the hands of the Bank of Myanmar will be quickly consumed, and if possible, the US dollars and other foreign currency reserves in the hands of the Bank of Myanmar will even be consumed.

In this way, the transfer of funds from private enterprises alone can cause a headache for Bank of Myanmar.

Previously, this part of the pressure was all carried by the Bank of Myanmar.

Now there is a top pot.

Lang Tsai felt that Zero had a funny brain, and made such a request to China.

......

Special Economic Zone of Myanmar and Asia.

I heard that this part of non-trade funds can be transferred back to the country.

Many companies acted immediately.

Just one day.

Hua Xia Enterprises transferred back nearly four billion yuan, and they exchanged all the Asian dollars in their hands to China Industrial and Commercial Bank of China, which opened a branch in the Special Economic Zone of Myanmar.

Let the bosses of these Huaxia Enterprises breathe a sigh of relief.

Although the Bank of Myanmar said.

It’s okay for you to change to RMB, but if you want to change RMB to Asian dollar, it must be traded. This makes many businessmen who are optimistic about the Myanmar-Asia Special Economic Zone hesitate.

However, most Chinese companies chose to transfer their money back to a safe point in the country..

This semi-free currency exchange model is mainly to prevent someone from maliciously changing the Asian dollar of the China Central Bank and failing to complete the task of stabilizing reserves. Tang Qing added it specifically.

People can't mess around, and China Xia also expressed support for this behavior. Now the future of the Asian dollar is uncertain, and it is better for both parties to control the degree of freedom of currency exchange.

that's it.

Tang Qing completed one of the Asian Yuan reserve tasks.

Left...There are nine of them.

He set his sights on the neighboring countries again.