Chapter 758 The First Pill

The word 'may'.

Excited for everyone present.

They don't know how much money the Bank of Myanmar has now, because there is no way to calculate it.

But the amount is absolutely huge, because a lot of their money is stored in Asian dollars, and private enterprises and people also make the total amount of kyat in the Bank of Myanmar so high that they can't even calculate it.

This money was flowed back to the Myanmar market by the Bank of Myanmar and it also indirectly stimulated the economy of Myanmar, which led to them making another profit, although in this case, the Bank of Myanmar played the role of a commercial bank.

Not only in a 'wild state' with no reserve requirement restrictions.

It also broke the shackles of Lang Cai restricting the Bank of Myanmar to conduct business in Myanmar. While stimulating the domestic economy of Myanmar, it spawned a lot of economic bubbles, resulting in the flow of money among the people of Myanmar far exceeding their expectations.

However, this does not obviate the positive role of the Bank of Myanmar.

As for that side effect.

They don't care.

"I can ask the Myanmar-Asia Bank to give a low-interest loan, but I have one condition: 30% of this loan must be used to purchase the products and services of the Myanmar-Asia Special Economic Zone." Zero said.

"It's no problem." Lang Cai agreed directly. This is a common practice. The RMB loaned to Huaxia this time is not to purchase a large number of Huaxia products and services. It is surprising that there are no conditions.

Done.

Lang Cai continued: "However, I don't think the collateral for this loan needs to be collateral like Huaxia." If there is collateral, the stake will be less important.

"This..." Ling Gu pondered for a while, and finally nodded as if I had suffered a big loss: "Okay, it's all from the same country, and I naturally believe in the credit of this country."

There are also two types of loans between countries.

An unsecured loan, which is a national credit loan.

A secured loan, which is less common.

Although the former one is unsecured, there will be many conditions attached, and the latter one is relatively less.

And in the country.

Loans from local governments and banks are basically credit loans, and the guarantee is the credit of the local government. Unless a country has lost its right to issue currency, it has never been heard of domestic government loans that require collateral.

Just like Huaxia.

Only the guaranteed loans of the local government need collateral, and the direct investment of the local government, if the financial resources are not enough, directly ask the bank to ask for it. Generally, the bank will give it, and will not ask for the so-called collateral.

Local governments are institutions of the state.

Everyone is family.

If you want any collateral, you are slapping others in the face. If you want to do this, you are offending people, and the bank is not worried that the local government will not pay, because the local government has a lot of resources in its hands.

land.

mineral.

tax.

Therefore, the local government is not worried about owed money at all, even though the local government debt is getting bigger and bigger, so big that the local finance is not enough, but no one is worried at all, and economists are bragging about the harm.

Now Lang Tsai has clearly proposed to lend to the Bank of Myanmar.

That's not to say you can't ask for collateral.

But if you insist that you need collateral.

This is directly questioning the creditworthiness of the government of this country. It is also because the Myanmar government does not want to print money. Lang Cai doesn't want to talk about it here, otherwise he will not ask the Bank of Myanmar to borrow money at all.

Even if nothing is borrowed.

Lang Cai's big deal with printing money is that it's a big deal for him.

However, Lang Cai felt that Zero would not refuse.

Hear zero words.

Lang Cai nodded in satisfaction.

The consciousness of Xindao Zero is still as high as ever.

He is very happy.

On the other side, Tang Qing should be the one who is happy. If they have collateral, how can Lang Cai and the others take out a loan again next time? How can they complete the next plan without the next large loan.

No collateral.

It is to cultivate their habit of "painless consumption".

Just like paying with a mobile phone or by swiping a card, if you can't see the actual paper money, the pain of spending it will be reduced, and you will gradually get used to it and become addicted. Therefore, even if Lang Cai wants to give collateral, Tang Qing will not ask for it.

This thing.

What are you going to do.

It's not mine anymore.

You save it for me first.

"How much is the loan?" Zero asked.

Lang Cai looked at the budget report in his hand, but the report at this time looked extremely pleasing to the eye, and he even expected higher, because the more loans he had, the more chips he had.

At that time, the loss of the Asian dollar will be greater.

After thinking for a while, Lang Cai raised his head and said: "Total 2.6 trillion kyats, this should not be much, it is equivalent to more than 11 billion kyats. Compared with the kyats in the hands of the Bank of Myanmar, this Just a small part."

This amount is a bit more than the excess budget, but it is not much. Anyway, borrowing money, the more the better, whether it is future default or the inclusion of Asian dollars in kyat, this part of the account can be directly written off internally.

No need to pay.

Of course, the premise is that he can win, and Lang Cai feels that he will win.

Ling pondered for a while, nodded and said: "No problem, but considering that many project funds will be returned to the Myanmar-Asia Special Economic Zone, in order to reduce the trouble of exchange, and the Myanmar-Asia Bank has limited kyat cash, considering that other companies and For the operation of the existing assets, I propose to borrow half of them in Asian dollars and pay the rest in kyat.”

Lang Cai thought about it.

Zero is telling the truth.

The Bank of Myanmar has a lot of kyat now. It is conservatively estimated that there are still about 7 trillion kyat in cash, but there is also a lot of demand. When he sees that the kyat from zero is not enough, he is inexplicably excited.

"Okay, I agree." Lang Cai agreed with a smile.

There is such a consensus.

The next meeting was a happy one.

Various departments have obtained funds, and the interest groups behind them can continue to make huge profits.

Lang Cai obtained a huge loan without printing money, solved a problem, and by the way has a way to check and balance the Asian dollar, but this is not enough, he still needs more chips.

All of a sudden, he felt that Mian Yan could take a bigger step again. As for the hidden crisis, he was thrown aside by his psychological selectivity of winning.

And Ling finally released the largest Asian dollar loan, which was a surprise, and gave Myanmar the 'first pill' ahead of time, but this pill was not for treating illness, but to relieve pain.

When the effect of the medicine wears off, the next time the pain occurs, they become dependent, and they can only go to him to buy medicine.

soon.

End of the meeting.

Because it is a credit loan.

At the end of the meeting, the intention has been signed, and the loan contract will be formally signed when the process is completed.

And the process is naturally fast.

without hindrance.

three days later.

All the kyat portion of the loan came down.

All departments are happy.

The days of throwing a lot of money started.