Chapter 763: Spent Out (Ask for Subscription!)

It's also that the Burmese scab spends money too quickly during this time.

There are also many investment plans in the future, which has caused its trade settlement with China to be greatly affected, and some restrictive measures have to be introduced, otherwise Lang Cai's headache now is not money printing and the depreciation of the Burmese dollar.

It's a matter of the renminbi being depleted.

The currency problems faced by Burmese are similar to those faced by China.

It's just that the anti-risk ability of Burmese is weaker than that of Huaxia, I don't know how many times.

Although China's foreign exchange reserves are large.

However, if others want to withdraw a large amount of profits generated by foreign-funded enterprises, China's foreign exchange reserves will be a bit stretched, and the scale of foreign capital in China at present represents the amount of funds that are likely to be withdrawn.

When these foreign funds go, they are all exchanged for US dollars.

Count it this way.

Is trillions of dollars in foreign exchange reserves too much?

Hehe.

More, more.

If foreign companies transfer profits back to their countries on a large scale, it is still a question whether the central bank has enough foreign exchange cash, and it is not uncommon for foreign exchange reserves to shrink by half if they need to sell a large number of US Treasury bonds.

This is what is happening with the current Burmese scab.

In China, billions of dollars are not a big deal now.

But in the present Burmese scab.

If you want to leave hundreds of millions of dollars, Burmese will have a headache and restrictions, because the foreign exchange reserves in your hand are too precious, and a former agricultural country basically relies on selling resources and digging in the field to make money.

finally saved money, expanded production, invested in road construction and factories, and when he didn't see profits, he kept consuming foreign exchange reserves, and Lang Cai was distressed.

Thereupon.

The Central Bank of Myanmar had a discussion with major Chinese enterprises.

Let this large amount of money stop in Burma.

In order to preserve value.

It was replaced by the Asian dollar.

Stopped at the Bank of Myanmar.

"I remember that the Bank of Myanmar didn't lend money to us? Isn't it good to use this money to transfer the stranded funds of our enterprises?" Liu Jin suggested.

Other economists are finding it feasible.

The stranded funds this time are less than 10 billion yuan, and the loans in the hands of the Bank of Myanmar can fully support it.

But.

Yuan Yi shook his head helplessly and said, "No, they're all spent." ”

As soon as this remark came out.

They were shocked.

"What? It's all spent, it can't be. ”

"Yes, more than 100 billion, faster than Burmese moles?"

"yes, where did it go? It's only been a few months. ”

“。。。 ”

The conference room blew up.

More than 100 billion yuan.

What a concept.

You suddenly told me it was gone?

After Yuan Yi signaled everyone to be quiet, he said: "Originally, the agreement we signed before was to take out loans in batches, but their investment was too big and too miscellaneous, and a lot of money was taken out, and it was to be allocated to various projects."

Moreover, they applied for a quick loan, and now they have less than 20 billion yuan left, which they say is a risk fund that is ready to be used to maintain the company's operation, and cannot be touched. ”

“。。。 ”

In the face of such a speed of spending.

What else can they say.

"Then there is no way, they don't have much yuan in their hands, and there is also a trade deficit with our country in the short term, the opening can be opened, but it should not be too large, and a ceiling must be set, and if it is exceeded, they must use assets as collateral." Liu Jin groaned.

"I suggest that they can take out the 20 billion yuan and put it on the cushion. ”

"You said it easily, will others be willing, this is their real money asset mortgage, and this time it is to help my country's enterprises transfer funds back to China, the nature is different. ”

"We've helped them so much, that's probably not too much. ”

"It's not too much, but if someone else needs funds in the future, it's not a loan, which is tantamount to doing useless work, and it's better to have another funding channel, less than 10 billion, and not too much. ”

“。。。 ”

The conference room erupted into an argument.

Anyway, the total volume of trade between the two sides is constantly expanding, the current situation in Myanmar is relatively stable, and the development of the Myanmar-Asia Special Economic Zone is good, so it cannot afford to lose.

The other side believes that holding the Asian dollar is very risky, and it may become waste paper at some point, although the Burmese dollar is a little weaker, but at least it is the legal tender of the Burmese scab, and it will definitely not be poured.

There are reasons on both sides.

Yuan Yi kept listening.

Quickly form a report with your subordinates.

He didn't get involved, because he didn't make the final decision.

The purpose of such a seminar is not to allow experts to discuss a reason, but to form a detailed risk assessment report that complements the leaders' decision-making with facts and theoretical basis.

Ultimately, it is up to the upper echelons of the central bank to decide what policy to pursue.

The more the reasoning is argued, the clearer it becomes.

That's what happened.

An hour later.

End of meeting.

Yuan Yi handed over the minutes of the meeting to his subordinates.

Three o'clock in the afternoon.

A detailed 20-odd page study report has just been released.

It was handed over to the leadership of the central bank.

Early the next morning.

At a meeting, the central bank decided to temporarily include the Asian dollar in the list of reserve currencies, and in the future, the trade settlement with the Myanmar-Asia Special Economic Zone will be based on the Kyat dollar, and the Asian dollar currency will be added.

This result takes effect the next day.

Of course.

Lang Cai's side also needs to communicate, and Huaxia can't decide unilaterally.

For the practice of Huaxia.

Lang Cai didn't say anything, but also expressed understanding.

He doesn't understand that the Burmese people's RMB reserves are insufficient, the dollar reserves are also being depleted, and the Burmese dollar is about to depreciate sharply.

But that's fine.

Let the Asian dollar relieve the pressure on the central bank of Myanmar first.

I was relieved myself.

As for the consequences and impacts, Lang Cai doesn't care, just the total amount of 10 billion yuan, Burmese is now a special period, and the Asian dollar is a little cheaper, breaking the limit he set.

But China is a big country.

It will not give the Asian dollar a chance to take advantage of it at all.

Come to think of this.

Lang Cai was relieved.

My heart is still beautiful.

Because this policy of Huaxia will quickly deplete the renminbi in the hands of the Bank of Myanmar and, if possible, even the US dollars and other foreign currency reserves in the hands of the Bank of Myanmar.

In this way, the transfer of funds from private enterprises alone can be a headache for the Bank of Myanmar.

In the past, this part of the pressure was all borne by the central bank of Myanmar.

Now there's a top pot.

Lang Cai felt that Zero was not amused by his brain, and made this request to Huaxia.

。。。。。。

Special Economic Zone in Myanmar.

I heard that this part of the non-trade funds can be transferred back to China.

Many companies jumped into action.

Just one day.

The Huaxia enterprises transferred back nearly 4 billion yuan, and they exchanged all the Asian dollars in their hands to the Huaxia Industrial and Commercial Bank, which had opened a branch in the Burma-Asia Special Economic Zone, and the Huaxia Industrial and Commercial Bank would use the money to the central bank for cash.

The bosses of these Chinese enterprises breathed a sigh of relief.

Although the Bank of Myanmar said.

It's no problem for you to exchange for RMB, but if you want to exchange RMB for Asian dollars, it must be in the form of trade, which makes many businessmen who are optimistic about the Myanmar-Asia Special Economic Zone hesitate.

However, most Chinese companies still chose to transfer their money back to China for safety.

This semi-free currency exchange model is mainly to prevent someone from maliciously exchanging the Asian dollar of the Huaxia Central Bank and failing to complete the task of stabilizing reserves, so Tang Qing deliberately added it.

You can't let people mess around, and Huaxia also expressed support for this kind of behavior, and now that the future of the Asian dollar is uncertain, it is better for the two sides to control the degree of freedom of currency exchange.

That's it.

Tang Qing's sub-dollar reserve task has been completed.

Leftover... There are nine more.

He set his sights on the surrounding countries again.