Chapter 1289: East and West German Financial Systems Merge! The Empire Group Profits

Chapter 1289 Merger of the East and West German financial systems! The Empire Group made a profit of 100 billion marks!

At the end of April.

The Asian Champions League final was held at the Xiangjiang Stadium. The football team from the Xiangjiang A-League named Oriental Pearl won the domestic Liaoning team with a total score of 5:2.

This is the first league team in Xiangjiang to win the intercontinental championship, which has a great impact in Xiangjiang.

In history, it was the Liaoning team that won the first Asian Champions League championship in China, but because of this Xiangjiang Football League team, it could only win the runner-up.

In addition, the 1990 World Cup was held in Italy in early June, and the Asian Division, in which Xiangjiang and Dongyang entered the World Cup finals for the first time, there is no doubt that this has a greater impact on Xiangjiang.

In the eyes of many people, this is all the credit of Sir Yang. It was under the chairmanship of Sir Yang that the Xiangjiang Football Association and Xiangjiang football progressed very fast.

Although there are many white people in Xiangjiang's football team, there are also Chinese, which means that Chinese people are not worse than those white and black people in playing football.

May.

June.

Yang Ming spent all his time in Hong Kong.

In addition to his normal commute, he would occasionally visit the Hong Kong Science Park.

When July came, a very important event in global development took place.

On July 1, East and West Germany merged their financial systems, East Germany switched to West German Marks, and the original East German Marks were exchanged for West German Marks at a "1:1".

This means that East and West Germany are about to merge.

The most important thing here is the financial merger between East and West Germany.

The East German Mark was actually exchanged at a 1:1 ratio.

However, before this, the economy of East Germany was seriously overestimated. At the end of the 1980s, the per capita national income of West Germany was about 30,000 West German Marks, and the per capita national income of East Germany was about 20,000 East German Marks.

Because both Germany believed that they were the only legitimate in the country and insisted on a 1:1 exchange between East German and West German Marks, many people based their belief on this and believed that East Germany had half the economic strength of West Germany.

But in fact, this is not the case at all. After the Plaza Accord, the exchange rate of the West German Mark rose sharply. 30,000 West German Marks were almost equivalent to 20,000 US dollars, while the official exchange rate of the East German Mark against the US dollar was 1:4.4, and 15,000 East German Marks could be exchanged for a maximum of 3,000 US dollars. This is still the official exchange rate, and only the privileged class can exchange dollars at this exchange rate.

According to the fair exchange rate, the East German Mark can only be exchanged for about 7 cents, and the per capita national income is only about 1,000 US dollars.

With the collapse of the CMEA system, the East German economy fell into collapse. On the eve of the reunification of the two Germanys, no one expected the government to exchange East German Marks at a 1:1 exchange rate. Exchanging at a 1:4 exchange rate was already considered conscientious. According to the fair exchange rate, the exchange rate between the West German Mark and the East German Mark should be between 1:8 and 1:10.

Of course, before this, on the black market in East Germany and West Germany, the exchange rate between the West German Mark and the East German Mark was about 1:5, 1:6, or even 1:8.

If the East German Mark was exchanged for dollars on the black market, the East German Mark would be even less valuable. ,

After Yang Ming went to East Germany for the first time, he began to let Li Jun plan the financial merger between East and West Germany.

In other words, the Empire Group collected a large amount of East German marks in East Germany, West Germany, the Soviet Union and Eastern European countries.

The exchange rate was still 1:5 between West German marks and East German marks.

This time, West Germany made a very big concession in order to merge East and West Germany.

Historically, in order to bridge the gap between the East and the West, the policy of 1:1 exchange of the two German marks was implemented. The salaries, pensions and social welfare of the former East German civil servants were all issued in West German marks. In other words, the things that were originally denominated in gold yuan coupons were issued in real gold and silver in West Germany.

After Yang Ming saw this explosive news, he knew that the Empire Group had made a lot of profits this time.

July 5, 1990.

Thursday.

An international flight from Moscow to Hong Kong.

It was Li Jun wearing sunglasses who got off the plane.

This time, he came back to report to Yang Ming.

When Lin Dezhong, sent by Yang Ming, picked him up at the new Hong Kong International Airport, Li Jun was sitting in the car, looking out the window and still a little excited.

When the Bentley he was sitting in stopped.

At this time, Yang Ming was already waiting for him.

"Boss, I'm back."

Li Jun got out of the car and immediately greeted the boss.

Yang Ming nodded and went upstairs with him.

It can be said that more major events have happened in Soviet Union and Eastern Europe since this year.

Like in March, Lithuania announced its separation from Soviet Union and became an independent country.

In May, Latvia announced its separation from Soviet Union and became an independent country.

In June, Goose announced its separation from Soviet Union and became an independent sovereign country.

East Germany in Eastern Europe has been talking with West Germany, in which West Germany made concessions and East and West Germany took the lead in financial merger, that is, East Germany is ready to exchange West German marks at a 1:1 ratio.

These things still have a great impact on the world.

"Boss, Soviet Union is really in chaos."

The current Soviet Union is like the last generation, it is really very chaotic.

Li Jun really felt this point.

It is precisely because of that that the Empire Group has been doing business in the Soviet Union. Many valuable things in the Soviet Union have been sold to the Empire Group.

Including a large number of arms, technology, technicians, etc., have been bought or poached by the Empire Group.

In addition, the Empire Group bought a large number of East German marks in Eastern Europe and the Soviet Union, and now has made a profit of six or seven times.

Originally, I wanted to buy more, but when East and West Germany announced the financial merger plan, Li Jun and Empire Group had no chance.

"How much profit did you make this time?"

"Nearly 80 billion marks."

80 billion marks?

Converted to about 50 billion US dollars.

This is definitely a lot of money.

Originally, I wanted to buy more East German marks, but there were no more on the market. Moreover, when East and West Germany announced the financial merger system, Empire Group and Li Jun had no way to do it.

It can be said that the Empire Group made the most profit this time, followed by the rich people in East Germany and some people.

After all, their East German mark exchange rate increased several times at once.

On the other hand, West Germany spent a lot of money to buy East Germany. Without using force or making sacrifices, West Germany can be regarded as winning.

After all, for West Germany, doing so is to make up for the economies of both sides.

Now West Germany is too developed, and East Germany is much worse.

"Next, East and West Germany will soon be formally merged, but many state-owned enterprises in East Germany will be sold. You can use the money you earn this time to buy some properties and companies in East Germany."

East German enterprises, including competitiveness, cannot compete with West Germany.

West Germany has produced many world-class international companies, but there are really not many famous companies in East Germany.

However, even so, East Germany still has a number of good state-owned enterprises, but they were not very competitive before.

This time, after the merger of East and West Germany, those state-owned enterprises in East Germany will definitely be sold.

Historically, most of these East German enterprises were swallowed up by West German enterprises.