Chapter 760 The Flowers Are over (Please Subscribe!)

It's also that Myanmar spends money too fast during this time.

There are still many investment plans in the future, which have caused its trade settlement with China to be greatly affected, and have to introduce some restrictive measures. Otherwise, the headache for Lang Cai now is not the printing of money and the devaluation of the kyat.

It is a matter of running out of renminbi reserves.

Myanmar and China have similar currency problems.

It's just that Myanmar's anti-risk ability is many times weaker than that of Huaxia.

And Huaxia 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However, if the profits generated by the investment of foreign-funded enterprises are to be withdrawn in large quantities, Huaxia's foreign exchange reserves will be stretched.

When these foreign funds go, they are all converted into US dollars.

Calculate like this.

How many trillions of dollars in foreign exchange reserves?

Ha ha.

so much more.

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

This is what is happening in Burma now.

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

But now in Myanmar.

If hundreds of millions of dollars want to go, Myanmar and Myanmar have to have a headache and limit it, because the foreign exchange reserves in their hands are too precious. In a former agricultural country, they basically made money by selling resources and shaving food from the ground.

He finally saved money, expanded production, invested in road construction and factories, and before he saw any profit, let him continue to consume foreign exchange reserves, and Lang Cai was distressed to death.

then.

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

Let this large sum of money stop in Myanmar.

To preserve value.

Changed to Asian dollars.

Stopped at the Bank of Myanmar.

"I remember that Bank of Myanmar didn't lend us a loan? So a lot of money, more than 100 billion, isn't it good to use this money to transfer the stranded funds of Chinese enterprises?" Liu Jin suggested.

Other economists have found it feasible.

The stranded funds this time are less than 10 billion yuan, and the loans from the Bank of Myanmar can fully support it.

But.

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

As soon as this word comes out.

They were startled.

"What? It's all spent, it's impossible."

"Yeah, more than 100 billion, faster than Burmese?"

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

"..."

The conference room was fried.

more than 100 billion yuan.

what concept.

You suddenly told me that it was gone?

Yuan Yi signaled everyone to be quiet, and then said: "It was there originally. 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 withdrawn, which was to be allocated to various projects. of.

Moreover, they have applied for a quick loan, and now there is less than 20 billion yuan left, which they say is the venture capital that they are going to use to maintain the company's operations and cannot be moved. "

"..."

Faced with such a speed of spending.

What else can they say.

"Then there is no way. They don't have much renminbi in their hands. In the short term, they also have a trade deficit with my country. The opening can be opened, but it should not be too large. There must be an upper limit. If it exceeds, they will have to use assets as collateral." Liu Jin pondered.

"I would suggest that they can take out the 20 billion yuan and put it on the cushion."

"It's easy for you to say, will others be willing? This is an asset-backed loan of their real money, and this time it is to help Chinese companies transfer funds back to China. The nature is different."

"We've helped them so much, this shouldn't be too much of a request."

"It's not too much, but if someone else needs funds in the future, it's not a loan, it's tantamount to doing nothing, so it's better to just find another funding channel, less than 10 billion, not too much."

"..."

The meeting room was suddenly arguing.

One side thinks that it is a big deal. Anyway, the total volume of trade between the two sides is constantly expanding, and the current situation in Myanmar is relatively stable.

The other side believes that holding Asian dollars is very risky, and it may become waste paper at any time. Although the kyat is a little weak, it is at least the legal currency of Myanmar, and it will definitely not fail.

There are reasons for both sides.

Yuan Yi kept listening.

Subordinates quickly form reports.

He wasn't involved because he didn't make the final decision.

The purpose 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 factual and theoretical basis for leaders' decision-making.

Ultimately, it is up to the upper echelons of the central bank to decide what policy to implement.

The more you argue, the clearer you are.

That's what it says.

after an hour.

End of the meeting.

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

Three in the afternoon.

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

handed over to the central bank leadership.

The next morning.

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

The result takes effect the next day.

certainly.

Lang Cai also needs to communicate, and Huaxia cannot decide unilaterally.

For Huaxia's practice.

Lang Cai didn't say anything, but also expressed understanding.

He doesn't understand, it's not enough. Myanmar's renminbi reserves are not enough, and the dollar reserves are also depleting. The kyat is about to depreciate significantly. It is understandable that Chinese enterprises are looking for a new channel for capital outflow.

But that's fine too.

Let the Asian dollar ease the pressure on the Central Bank of Myanmar.

He also breathed a sigh of relief.

As for the consequences and impacts, Lang Cai didn't care about the total amount of RMB 10 billion. Myanmar is now in a special period, and the Asian dollar got a little cheaper, breaking the limit he set.

But China is a great country.

There will be no chance for the Asian dollar to take advantage of it.

Think of this.

Lang Cai was relieved.

My heart is still happy.

Because of this policy of Huaxia, it will quickly consume the RMB in the hands of the Bank of Myanmar and, if possible, even the US dollar and other foreign currency reserves in the hands of the Bank of Myanmar.

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

In the past, this part of the pressure was all carried by the Central Bank of Myanmar.

Now have a top pot.

Lang Cai thought that Zero was acting out of her mind and made such a request to Huaxia.

. . . . . .

Myanmar-Asia Special Economic Zone.

Heard that this part of non-trade funds can be transferred back home.

Many companies acted immediately.

Just one day.

Huaxia Enterprises transferred back nearly 4 billion yuan, and they exchanged all the Asian dollars in their hands to Huaxia Industrial and Commercial Bank, which opened a branch in the Myanmar-Asia Special Economic Zone. Huaxia Industrial and Commercial Bank will ask the central bank to cash out the money.

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

Although the Bank of Myanmar said.

You can change it into RMB, but if you want to exchange RMB into Asian dollars, it must be in the form of trade, which makes many businessmen who are optimistic about the Myanmar-Asia Special Economic Zone hesitate.

However, most Chinese companies still choose to transfer their money back to a safe point in China. .

This semi-free currency exchange model is mainly to prevent someone from maliciously exchanging the Asian dollar of Huaxia Central Bank and completing the task of stabilizing the reserve. Tang Qing added it deliberately.

You can't let people mess around, and Huaxia also supports this kind of behavior. Now that the future of the Asian dollar is uncertain, it is better for both parties to control the degree of freedom of currency exchange.

that's it.

Tang Qing's Yayuan Reserve mission has completed one.

remain. . . There are even nine.

He turned his attention to the neighboring countries again.

Headache. . . . . .