Chapter 252 Takeover of the Central Bank of Poland
Jeffrey Sachs stayed in Poland for a week. During this time, Walesa and his cabinet had discussions with the Bank of Colombia and Jeffrey Sachs himself. With huge debts about to come due, the Polish government really has no way to repay foreign debts, and in the face of domestic hyperinflation, the Polish government is also helpless.
At present, most of the products sold by Glencore in Poland are settled in US dollars, and only a small part is repaid with copper and other minerals produced in Poland. For the Polish government, if they want to import urgently needed food and agricultural products and other livelihood materials from abroad, they can only consume US dollars and copper. Although Poland is a country rich in copper reserves, its production capacity is not enough to meet the needs of Glencore overnight. After the unhappy days for both sides, Glencore is now completely business-like with the Polish government. Without US dollars or copper, Poland can't even think about importing a shipment of wheat.
Walesa now only has the only life-saving straw thrown by the Columbia Bank. So despite their misgivings, the Polish government jumped at straws and agreed to the takeover of Poland's central bank by Bank of Colombia.
After receiving the official authorization from the Polish government, Sax and Mikhail started their operation immediately. On the second day after the signing of the cooperation agreement between the two parties, the Bank of Colombia, in the name of the Central Bank of Poland, announced the abolition of the old Polish currency zloty and issued a new version of the Polish zloty instead. The exchange ratio of the old and new zlotys It is 1100.
Many Poles learned from newspapers, TV and radio early in the morning that the government had promulgated the demonetization order. All of a sudden, the gates of major banks in Poland were crowded with residents who came to exchange banknotes. They flocked to banks with bundles of banknotes to exchange for the new Polish zloty.
The promulgation of the demonetization order is only the beginning. Although the exchange ratio of 1100 is just a numbers game, because of the new currency system, the prices of commodities on the market began to be linked to the new version of zloty again.
Almost overnight, the prices of most commodities on the market dropped a hundredfold. On the second day after the Central Bank of Poland announced the demonetization order, the Polish government once again announced the news of raising bank interest rates and canceling food and fuel subsidies. From this time on, a large number of currencies circulating in the market began to return to the hands of the Central Bank of Poland.
It took only a week for Mikhail to fulfill his promise, and inflation in Poland was finally brought under control.
With the strength of the Gorky Consortium, there is basically no pressure to control the prices of Poland as they please. After all, the population of Poland is only one-tenth of that of the Soviet Union, and Glencore controls the largest grain market in Canada, the United States, and Australia. acquirer.
Mikhail wanted to use the Polish market as a banner for the Bank of Colombia in Eastern Europe, and Seryozha was behind his plan. Just after Poland's hyperinflation was brought under control, Yuri also arrived in Warsaw and began to lobby the Polish government for privatization reforms.
Mikhail soon submitted a privatization reform plan to the Polish government because Colombian
-----This is a gorgeous dividing line--
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----This is a gorgeous dividing line---
The Asian Bank took over almost all of Poland's debts, so now the Colombian Bank is Poland's largest creditor. This set of privatization reform plan is essentially a set of plans for Poland to repay the Bank of Colombia.
According to Mikhail's plan, the huge state-owned assets in the hands of the Polish government will become the possession of the Colombian Bank. However, the Polish government does not know these things. They only know the mines, steel and metallurgical enterprises that originally belonged to the country. There are also some banks and shipyards in Poland, and almost all assets are marked with prices and placed on shelves for people to choose.
Polonaise Automobile has been taken over by Gorky Volkswagen, and some downstream companies that serve as supporting factories have now started a big sale. Poland’s state-owned pastures were sold off to the livestock branch of Occidental Petroleum Corporation, Gdansk’s shipyards, Polish state-owned shipping companies, and even the port of Gdansk were bought by Mediterranean Shipping Company as a whole. In addition, Poland Domestic airports, railways, canals and other transportation companies have all been carved up by the Gorky Group.
This series of dizzying fire sales and integrations have made Poland's economy begin to show signs of improvement, and the Polish government is naturally grateful to the Colombian Bank. But what they don't know is that it didn't cost the Gorky Group much money to eat these state-owned assets in Poland, because in Poland today, even the banknotes are printed by the Bank of Colombia. Glencore took advantage of this opportunity to clean up a large number of materials that had been stored for many years. On the surface, there are hundreds of companies participating in the privatization of Poland from all over the world. In fact, the best assets have long been in the pockets of the Gorky Group.
In just a few months, the package of foreign debt and economic transformation turned Poland into a country controlled by the Gorky Foundation, although the Polish government did not realize it. On the contrary, it was because prices began to fall and the economy began to recover, which restored the trust of the Polish people in the government. At least Walesa doesn't have to worry about his own.
The success of the reforms in Poland made the Bank of Colombia and Jeffrey Sachs famous, and the package of foreign debt and economic transformation born out of Jeffrey Sachs’ shock therapy became the focus of emerging regimes in Eastern Europe. Life-saving straw. As Poland's economy began to get on the right track, Mikhail and Geoffrey Sachs received invitations from the governments of Hungary and Czechoslovakia to invite Colombia to continue Polish-style reforms in Hungary and Czechoslovakia.
Naturally, Mikhail would not miss this opportunity. At this moment, a bigger idea began to appear in his and Seriousha's minds. Could it be possible to establish a multinational central bank that includes the entire Eastern European countries to help the entire Eastern European region carry out Integrated reforms. Seryozha knew clearly that if this idea can be established, Eastern Europe will establish the Eurozone more than ten years ahead of schedule. By then, a unified and huge market will greatly enhance the competitiveness of this region. Most importantly, Colombian It will be the central bank for the whole of Eastern Europe. The idea is simply too tempting.
Seryozha knew in his heart that if Mikhail could succeed again in Czechoslovakia and Hungary, then it would be a matter of course to put forward the theory of a unified market in Eastern Europe.