Chapter 763: Cut First and Then Play (Please Subscribe!)

Next.

Both parties began to prepare materials.

But three days.

All the information was handed over to the Thai government.

Unlike the United States and other western developed countries, developing countries have very strict conditions for opening banks, mainly in terms of financial development. Western countries are more prosperous, while developing countries have just solved the problem of food and clothing and are rushing to a well-off life.

I haven't dared to play so many financial products and tools.

There is no need.

The market is naturally cool.

Moreover, due to their own currency risks, it is even more impossible for people to open banks casually, especially in the Southeast Asian countries that have suffered big losses in several financial crises, and their attitudes towards the financial industry are quite inactive.

This matter can only be approved by the Thai government after discussion.

Then all relevant departments jointly review and submit it to the Thai government again for approval.

Finally, the approval process of the Bank of Thailand will be followed. All in all, it is the word "complex".

in these three days.

The related public relations aspects are also going on at the same time.

There is basically no problem in Thailand. During this time, Wangsa's family has a share of fruit wine, and the relationship network in Thailand is all over the world. Although many of them are not deep, it is still easy to find someone.

Not necessarily asking for support.

That's too obvious.

Still a big deal.

As long as there is no objection at the critical moment.

It stands to reason that Wangsa's family should do their best, but Nima, their family is not the royal family of Thailand, how can they discuss such a 'clear' thing with the president and vice president of Thailand.

Avoid two words.

They also have to obey.

. . . . . .

February 23.

Burmese.

Nay Pyi Taw.

Morning.

Lang Cai convened an emergency meeting for one of Zero's motions.

"Deputy Chief Zero, why didn't you tell us about this before?" Lang Cai asked.

After seeing the report yesterday morning, he immediately asked someone to check it, and found that Zero had already started operations in Thailand without telling him in advance, which made Lang Cai a little angry.

such a big deal.

There is no news in advance.

Then came a first cut and then played.

Also ignore him.

but. . . It seems to be quite in line with the habit of zero.

Think of this.

Lang Cai was a little speechless.

Why did he accept it so quickly, in retrospect, is there still less to do with zero? Every time he did this, it was fine, and every time he succeeded, Lang Cai felt as if he had endorsed him.

"Everyone, let me first state that the Bank of Myanmar is an independent regional banking institution that has the right to expand its general banking business on its own, and does not need to file and apply to the Central Bank of Myanmar for such a matter.

Of course, there must be a reason for the Bank of Myanmar to do this. The information in your hands is the trade data between the Myanmar-Asia Special Economic Zone and Thailand during this period, and it is still increasing every month, and it is expected to break through soon. 10 billion Asian dollars.

However, the previous trade settlement has always been with Bank of Myanmar, which means that Bank of Myanmar will have to prepare enough foreign currency reserves to exchange for both sides of the trade while taking the currency risk.

But now the problem has arisen. In the bilateral trade between the Myanmar-Asia Special Economic Zone and Thailand, our trade has always been in a deficit state, and with the devaluation of the kyat, customers who used to settle in kyat have tossed the kyat to us in exchange for Thai baht, now, our baht reserves have basically bottomed out.

As a result, Bank of Myanmar decided to abandon its function as a currency transfer, and applied to Thailand to open a bank so that it could obtain financing from the Bank of Thailand to solve the dilemma of Bank of Myanmar’s lack of baht. "

Zero explanation.

Once again confirmed Lang Cai's point of view.

This guy really doesn't fight unsure battles.

have a look.

This time.

And directly throwing the blame to Myanmar's currency devaluation.

There are good reasons too.

I have no more Thai baht, and the money of Thai businessmen is returning in large quantities, so that Bank of Myanmar does not have enough Thai baht to exchange for others. Now Bank of Myanmar's solution is to pull in the Bank of Thailand to solve this problem.

"Don't you have renminbi and dollars?" Quinton said suddenly.

His logic is very simple, you don't have Thai baht, don't you have RMB and USD? For other people, if they take it, they can directly exchange it for Thai baht from a bank in Thailand, which is perfect.

Zero looked at Quinton coldly.

Quinton was taken aback.

There are many people who hold the same view as him, but they didn't show it, so as not to be embarrassed later.

"Deputy Quinton, foreign currency reserves represent Bank of Myanmar's ability to pay, especially currencies with stable currency values. I don't think it is wise to spend it on helping Thailand." Zero said lightly.

Quinton thought about it.

It seems so.

The reason for this is the devaluation of the kyat.

Thai businessmen who hold a large number of kyat and Asian dollars have returned their funds. Those people, the Central Bank of Myanmar will not accept them, but the Thai banks can accept them, but there will be losses, and they will never agree to exchange a large amount of money.

Now.

Zero doesn't want to take all the risk.

Want to pull the Bank of Thailand into the water.

like. . . It's a good thing.

"Cough, that, Deputy Chief Zero, the reason is very good, I understand, but the consumption of Thai baht is really so fast? Should we support the Bank of Myanmar." Lang Cai could not find a reason to refute.

However, it seems a bit embarrassing to just follow Zero's meaning.

The last sentence is of course not from the heart.

Give the Bank of Myanmar's Thai baht to Bank of Myanmar.

What did the Bank of Myanmar exchange for?

kyat?

Pull it down, this is not a loan, what is Myanmar going to do with it.

It seems useless to hold the Asian dollar in his hand. As for the renminbi and the US dollar, it is a ghost that the Zero Club agrees to exchange it for the Thai baht. It means that this sentence is like going to the leader's house to give gifts.

The other family was happy, and before the meal, they politely asked, 'Eating together, just have more pairs of chopsticks. ’.

To really stay.

That's a mallet.

"No, I just need your agreement to open a new kyat settlement channel for the Bank of Myanmar branch, and communicate with the Bank of Thailand to facilitate the opening of this branch as soon as possible, and solve the problem of trade settlement as soon as possible." Zero said.

"That's fine." Lang Cai agreed immediately.

Just a little thing.

It just feels a little weird.

Why did Thailand agree? This is not an obvious disadvantage, is it righteousness?

until two days later.

The news from Thailand made Lang Cai seem to understand something.

Active for two days.

Thailand's proposal turned out to be half of the settlement in the Myanmar-Asia Special Economic Zone in Asian dollars.

For good reason.

My kyat is still depreciating.

But Yayuan is also a bit uncertain about its future.

half each.

appropriate.

Lang Cai can't say anything, because Myanmar and Myanmar have been actively promoting this cooperation in the past two days, and their attitude is very "sincere". In this case, Thailand has put forward conditions, and Myanmar and Myanmar can't turn the table.

talk.

to talk.

Lang Cai didn't want to lose like this.