Chapter 358: New Tuvalu Really Has a Money Printing Press

For Burns, his proposed new Royal Bank of Tuvalu finally officially opened after about a month of preparation.

But for Li Daniu, the span of time from proposal to official opening of the Royal Bank was more than a year.

Therefore, the expectations are naturally much stronger than those of Burns and others.

Located next to the New Tuvalu Government Building, a 9-story modern circular building that was just built is the headquarters of the New Royal Bank of Tuvalu.

Compared to New Tuvalu's total population of just over 50,000 people, this 9-story bank with a building area of ​​1,200 square meters seems very wasteful. However, considering the future population of New Tuvalu in the millions or even tens of millions, the area of ​​​​this bank seems to be somewhat insufficient.

However, this issue does not need to be considered for the time being, because the construction of New Tuvalu has never stopped.

The Royal Bank of New Tuvalu is the second bank in New Tuvalu, the first being the State-owned Bank of Tuvalu.

In the first few days of its opening, many businesses of the state-owned bank of Tuvalu have been transferred to the hands of the new Royal Bank of Tuvalu. Even many staff of the new Royal Bank of Tuvalu are originally from Tuvalu. staff in state-owned banks.

This kind of blatant misappropriation of national resources and conversion into private resources would definitely not escape legal sanctions in other countries. But in new Tuvalu? Sorry, the current location of the entire country of New Tuvalu, and even all the infrastructure, belongs to His Majesty the King of New Tuvalu.

Therefore, neither the indigenous people of New Tuvalu nor the immigrants have many opinions on the opening of the Royal Bank of New Tuvalu.

On the opening day, many flower baskets were placed at the entrance of the Royal Bank of New Tuvalu. These flower baskets were sent by various functional departments of the new Tuvalu government. Some of them were new employees who were absolutely loyal to His Majesty the King, Li Daniu. Tuvaluan, bought and sent here at his/her own expense.

When Li Daniu arrived at the Royal Bank of New Tuvalu, he saw those flower baskets and asked in surprise: "Is there anyone selling flower baskets in New Tuvalu now?"

Burns, who was following him, said: "Yes, not only flower baskets, but many other daily necessities and the like are also being sold. You said before that you would open up related commercial investments, so these insignificant commercial projects , it has been opened for a long time."

"Um...is this really a commercial project?" Li Daniu said helplessly: "What I want you to open are commercial projects that can bring high taxes to New Tuvalu. Small businesses like this, Is it necessary to use the word open? Are you really planning to let all new Tuvaluans buy the products in the mall under my name?"

Burns smiled awkwardly and said, "I had no relevant experience before, but under the education of His Majesty the King, I have completely woken up."

Indeed, how could Burns not have relevant experience? Although the original Tuvalu economy was extremely underdeveloped, there were still some small businesses, and there were even foreigners going to Tuvalu to do business.

The reason why I have been cautious is that New Tuvalu is different from Tuvalu. All the land and buildings were purchased or built by Li Daniu. Moreover, Li Daniu also built a shopping mall that could provide many daily necessities and even household appliances, which made him unable to figure out what Li Daniu was thinking.

Speaking of this, Li Daniu also remembered that he had built a shopping mall in order to allow new Tuvaluans to adapt quickly after arriving in their new home.

"My shopping mall can be left to the people to run by themselves through investment promotion. As long as appropriate freight subsidies are given, wouldn't there be no problem?"

Burns said: “Your Majesty, we actually don’t need any shipping subsidies now.

The reason for subsidizing shipping costs before was because the transportation in New Tuvalu was inconvenient, which caused the shipping costs to increase the price of goods. But now, the construction of airports and ports has become more and more complete, so the freight price has already dropped back to normal levels. "

"Isn't that better?" Li Daniu said as he walked into the door of the New Royal Bank of Tuvalu.

The New Tuvaluans on both sides of the gate and the reporters from afar all applauded and even cheered in unison after seeing Li Daniu.

Li Daniu, who had become accustomed to this state, smiled and waved to both sides without any stage fright, which made the cheers even more enthusiastic. Among them, the female voice obviously overwhelmed the male voice.

After visiting the internal facilities of the new Royal Bank of Tuvalu, Li Daniu became the first customer of the new Royal Bank of Tuvalu.

As reporters watched and filmed, Li Daniu sat on the counter, opened an account for himself, and got a pure black bank card numbered 1.

To the onlookers, this is a bank card that looks very high-end, but in the near future, they will know that this bank card, or in other words, all bank cards issued by the Royal Bank of Tuvalu , are not just bank cards. It can also integrate citizens’ personal identity information, driver’s licenses, real estate information, etc.

After opening the account, Li Daniu took out a stack of U.S. dollars from his pocket, and reporters who were closer could clearly see that the 10,000 U.S. dollars that Li Daniu took out had been replaced by a kind of money that they Currency never seen before.

As for the quantity, it is no more and no less than 10,000.

"What kind of money is that?"

“They issued currency?”

…

Amid the murmurs of the reporters, Li Daniu left the counter and walked upstairs after getting the brand new currencies.

Someone stopped the reporters who were preparing to interview Li Daniu, and then shouted loudly: "Journalists, please attend the press conference of the new Royal Bank of Tuvalu in the conference room on the third floor in half an hour."

When they heard that there was a press conference, the reporters stopped being anxious and began to watch the new Tuvaluans in the hall as they came to handle business.

A reporter with a more lively mind couldn't wait to occupy a window, and then began to ask questions.

"Hello, may I ask what currency your Majesty the King just exchanged for US dollars?"

"Hello, that is the currency issued by our country, the new national legal currency of Tuvalu, the new currency."

"Isn't this bank the Royal Bank? Judging from the name, it should be a bank belonging to the new royal family of Tuvalu. How can it have the right to issue currency?"

"Your questions will be answered by a dedicated person at a subsequent press conference."

"The exchange rate of 10,000 U.S. dollars for 10,000 Singapore dollars has been recognized by professional institutions?"

"The current exchange rate set by our country is that 1 Singapore dollar is equivalent to 1 U.S. dollar. For the exchange rate in other countries, you can refer to our relevant information."

After hearing this, the reporter couldn't wait to attend the press conference for a while.

Those new Tuvaluans who actually handled business received a bank card after providing their identity information.

Someone asked: "Why am I the second to apply, but my bank card number is after 10,000?"

The bank staff replied: "Because government employees have been issued new salary cards by default, your number is later. I need to remind you that the number has nothing to do with the value of the bank card."

Believe it or not, people with investment vision have already figured it out. If there are no problems with the issuance of new currency or the development of the new Royal Bank of Tuvalu in the future, then the bank cards with higher numbers will be more valuable. It has collectible value.

It's a pity that they can't figure out how it is possible for bank cards to be circulated in the market after they are bound to identity information. 360 Search AFu-(.*)en. co The King Who Can Travel Fast Updates

After someone opened an account, they directly received brand-new new coins without any exchange behavior, with the amount ranging from 1,000 to 3,000.

A reporter asked: "Where do they get their money?"

The bank staff replied: "This is the citizen benefit of the new Tuvalu, and it will be charged to this card by default in the future. According to different citizen scoring standards, the monthly living allowance is different."

The reporters who reacted quickly were stunned. If the living allowances issued to citizens by New Tuvalu are all replaced by new coins printed by themselves, then how much will it cost New Tuvalu?

To print a US$1 note, the cost of the US currency issuer is only US$0.03. Even if we print 100 U.S. dollars, how much will the cost increase?

Will the citizens of the new Tuvalu be willing? Let’s not talk about the indigenous people of Tuvalu. Will those who choose to immigrate to New Tuvalu because they expect to receive a monthly living allowance of US$3,000 in the future? Will they be willing?

Moreover, can the exchange rate customized by New Tuvalu be recognized by the international community?