Chapter 2242 Deep Cooperation

To know.

India.

However, they owe a lot of foreign debts and have little foreign exchange reserves. They will definitely not take Indian rupees for these projects, but will convert them into foreign currencies.

in this way.

It will definitely consume India's foreign exchange reserves.

in the short term.

Not obvious.

However.

With a few more projects like this, the accumulated currency pressure will be close to $50 billion. This money is not a regular trade transaction.

Instead, exchange money unilaterally.

At that time.

India may introduce policies to limit it. However, when they thought of the support of the Myanmar Bank Group, the major enterprises were relieved a lot.

them.

Not fighting alone.

It is there.

India should not dare to mess around.

. . .

now.

As they thought, the Indian authorities are also aware of this problem. Once or twice, India's foreign exchange reserves can still hold, but if it comes more times.

Definitely get tight.

Yes.

now.

India's foreign exchange reserves are more than 200 billion US dollars, but you can't just look at the numbers. There are too many untouchables, and urban construction projects are not trade.

It's not that you come and go.

Rather, it is unilaterally attracting money.

therefore.

This expenditure will have a huge impact on the structure of India's foreign exchange reserves, and even have a chain reaction, affecting the exchange rate market.

very troublesome.

generally.

If foreign companies make their money like this, there will definitely be policies and restrictions. But for the Myanmar Bank Group, it can only be negotiated.

just.

today.

Zero also came to the scene.

"Row."

"For this project, we can use Asian dollars instead of redemption, but only half of it. For other foreign currencies, you still need to do it."

One listen.

The President of India was overjoyed.

"it is good."

"Thank you, thank you so much."

half.

enough.

This has reduced a lot of pressure on him, and this time it is half, and it is not impossible that the ratio may be increased a little next time.

Just relax.

everything.

It was easy to handle, but he was also helpless. India's foreign exchange earning ability is too poor, and there is almost no Asian dollar reserves in hand, and some have been used to pay off debts.

What debt?

too much.

Medical loans are a big one.

Per year.

The treatment of cancer patients in India is a huge expenditure. Although a considerable part of the money is paid by the patients, the patients give rupees.

Obviously.

It has to be converted into Asian dollars or other foreign currencies. Since there are too few ways to earn Asian dollars, half of what India earns is paid for medicines.

have no choice.

depressed.

There are too many best-selling products in Myanmar.

at last.

As a result, India's Asian dollar reserves are pitifully small, and they can only make money by exporting some raw materials, which are often paid in US dollars.

It hurts!

. . .

This time.

The Indian side is happy.

only.

They don't know, there is another person who is happy, that is Tang Qing. In this case, the trade volume generated by this part of the project is counted towards the Asian dollar.

As for why not take it all in?

Silly!

now.

From India's point of view, this is the Myanmar side's interest. They are helping. You have helped completely at once. How can we talk about it next time? The candied dates given should not be too sweet.

otherwise.

The other party may have an inch.

. . .

the same day.

The delivery of Loy City has made headlines all over the world. Since it was opened at the beginning of the month, major social networking sites and live broadcast platform anchors.

Spread the news early.

today.

It is truly completed.

Immediately.

It pushed the popularity of the whole news to the peak, and the attention was bursting. Especially those who raised funds to build the city, looked over eagerly one by one.

Do the math.

India is the only one built on this project.

Lowe City.

Lowe City.

Although it is of a 'guinea pig' nature, it is undeniable that it is well built. Not surprisingly, the country where the second project was completed was the Democratic Republic of Congo.

People watch.

Side praise.

"As expected by the Bank of Myanmar Group design, it never disappoints."

"yes!"

"nice!"

"The style is unified, it's really good. This is the modern city, what it should look like. It is estimated that India is quite depressed. The most beautiful city is designed by foreign countries."

"Ha ha!"

"Actually, what does it matter? As long as it's good."

"Right."

"..."

"Last year, we started to set up projects one after another. I looked at the completion tables of other urban construction projects and found that starting from next month, there will be completions every month."

"Some have two or three completed a month."

"sharp!"

"blossom everywhere."

"..."

Seeing the timetable that has been circulated, countless people sighed - so fast, like dumplings. After more than a year of accumulation, one city per month.

How exaggerated!

now.

Many people realize how big a project the Bank of Myanmar Group has done, in more than 40 cities, each with an average of 50 billion Asian dollars.

that is.

——

Two trillion!

sky.

How big is this bill? In fact, many people can't believe that these projects are only undertaken by the Bank of Myanmar Group.

one word.

Cattle!

This means that in addition to strength, there is also trust. Everyone believes in this company, so that they will invest funds in such a project, otherwise?

Any other explanation?

The point is.

all of these.

Maybe it’s just the beginning, just like in India, when Loy City is built, the Loy City project comes out, Loy City is built, and another big list is dropped.

if.

The same thing happens in other countries.

"..."

Think about this.

silence.

Countless people are shocked, what does this mean, they are very clear that the Bank of Myanmar Group will make money all the way with this model.

horrible!

This snowballs.

God knows.

In the end, I will push this "city loan", which was once thought to be a loss, into a project of what size, thinking of the original loan to the Indian city of Shuroy.

A piece of not optimistic.

However.

Who would have guessed.

After the city of Loy, the Myanmar side actually launched fundraising to build a city based on this, and suddenly made a big change to the "city loan" model.

moment.

Gained unprecedented momentum.

capital.

personal.

Anyone can come in.

The efficiency of fundraising was shocked, and many people couldn't believe it. When did the money collect so well? But no matter how much these people question it.

The Myanmar Bank Group succeeded.

money.

is real money.

city.

It will soon stand all over the world, and even has formed a brand effect. As long as the Bank of Myanmar Group initiates it, major capitals flock to it.

Seeing red eyes of many people.

However.

I can only look at it, I can't eat it, this cake was made by the Myanmar-Asia Bank Group and big capitals from various countries, and it has formed an interest group.

Under the circumstance that it cannot kick out the Bank of Myanmar and Asia Group, it will choose in-depth cooperation. In this way, the umbrella of the project is astonishing.

future.

big capital of the country.

Bank of Myanmar Group.

And countless upstream and downstream enterprise groups will protect this cake and maintain this system around this huge interest group.