Chapter 32 Persuasion

On the way back, Seryozha kept thinking about what happened in the department store today. The old comrade who came to report the problem was a retired bus driver in Moscow. I have worked hard and dedicated my whole life to this country, but when I get old, I can't rely on my pension to spend my old age comfortably. On the contrary, state cadres like Valery rely on their power to seek personal gain.

Seryozha did not punish Valery, because he and Valery were of the same kind, and it was perfectly fine to criticize Valery on himself. In addition, Valery is not a cadre belonging to the Ministry of Foreign Trade and Economic Cooperation, and Seryozha cannot and does not want to punish him beyond his authority.

Let Valery deal with the old comrade's affairs by himself, and Seryozha believes that Valery will not be perfunctory for his own future. But today's incident suddenly made Seryozha feel a sense of guilt for this country.

Seryosha has been busy raising funds for the Japanese project these days. He asked Khodorkovsky and other cadres of the Communist Youth League to help him extract the country's foreign exchange. Now that I think about it, this kind of behavior is harmful to the country and has no benefit. Most of what Seryozha has done over the years has been worthy of the country. Whether it was the Mutual Aid Association back then or the Workers’ New Village later, Seriosha also provided help to the local people while making a fortune, so why can’t Japan’s actions be like this?

Thinking of this, Seryozha had a new idea, and he said to his driver: "I won't go back to the Ministry of Foreign Trade and Economic Cooperation, and go to the Kremlin!"

The driver responded and quickly changed direction. Nastya, who was sitting next to Seryozha, contacted the staff in Gorbachev's office through the car phone, and asked if the general secretary had time, and got affirmative. After the reply, Nastya told Sergei that Gorbachev's office agreed to meet with him.

Seryozha's car Jill 41047 came all the way to the Kremlin. After repeated inspections, Sergey finally met General Secretary Gorbachev.

"Seryozha, you haven't been here for a long time, why did you come here suddenly today?" Gorbachev gave Seryozha a big hug.

"General Secretary, I came here today to make an application to you. I hope that in the next few months, I can authorize the use of the foreign exchange reserves of the Foreign Trade Bank at will!" Serezha put forward his idea straightforwardly.

"Why did you come up with the idea of ​​foreign exchange? Do you have any good plans?" Gorbachev asked in surprise and curiosity.

"General Secretary, the prices of some resource products we export, such as petroleum, coal, and electrolytic aluminum, continue to drop in the international market. If this situation continues, our foreign exchange income will be even less, and our export income will be reduced. In consideration of this situation, I hope that our Foreign Trade Bank can use part of the foreign exchange to speculate in the international futures market, and reduce our losses through hedging on futures and spot. If it is done properly, it will be very profitable. It is possible!" Seryozha replied with firm eyes.

"Using foreign exchange reserves for hedging? What exactly do you mean?" Gorbachev asked curiously.

"General Secretary, to put it simply, it is to use part of the foreign exchange to control the price within a certain period of time. Take oil as an example. A considerable part of our exports are not long-term contracts, but are purchased by some international traders. The price we rely on is the crude oil price in the New York or London market. If we can raise the price during the transaction, then we will get more income..." Serezha said eloquently.

"Will there be any risk in doing so? How much foreign exchange will be used? You know, Sergei, our economic reform has just started on the right track. The country is under construction everywhere, and we urgently need to import a large amount of industrial equipment from abroad... ..." Gorbachev asked with some concern.

"General Secretary, please rest assured that all our actions are short-term actions, and we can use leverage to trade in the foreign exchange market,

If there is a danger, I will immediately understand the position. But if we can maintain the price of oil futures, then we can grasp the initiative of oil export! "Seryozha continued to explain that the reason why he really worked so hard to promote this matter was not to keep the price of oil. Now most of the oil in the Soviet Union is represented by Glencore, because it uses easy-to-use In fact, due to trade in goods, it has lost its correlation with the U.S. dollar. Instead, it is related to imported agricultural products such as grain. The real reason why Seryozha wants to use foreign exchange is to go long on the international exchange market.

"Seryozha, are you sure about this matter? It won't cause any major losses to the country, right? Also, do we lack relevant talents?" Gorbachev still asked a little worriedly.

"There are no such talents in China, but there are mature markets and service organizations abroad to help us handle this matter! As for me? General Secretary, I have sufficient confidence and preparation for this matter!" Xie Liaosha told Gorbachev explained.

Seryozha has made countless contributions to the country over the years, and Gorbachev is naturally very relieved of Seryozha's ability. Now Sergey came to Gorbachev to seek the power to use foreign exchange. Gorbachev didn't think too much about it, and readily agreed to Sergey's request.

It was seven or eight o'clock in the evening when Seryozha, who got his wish, left the Kremlin. After discussing business matters, Gorbachev deliberately left Seryosha to enjoy a Kremlin dinner. Sergey got into the car, and the driver headed for Sergey's mansion after asking about Sergey's next destination.

Looking at the beautiful scenery around the Red Square outside the car window, Seryozha felt extraordinarily happy. He has already decided that this time the foreign exchange reserves of the Foreign Trade Bank will be used to implement the Japanese plan, and part of the proceeds will be handed over to the national treasury. The reason why Seryozha wanted to do this was mainly for his own conscience, and also to repay Gorbachev's trust in him.

Seryozha recalled what happened in the department store today, and he said to Nastya: "Nastya, arrange for the Communist Youth League to set up a large comprehensive market in every district of Moscow. The supermarket model in Europe, if prices continue to rise like this, how will ordinary people live?"