Chapter 1340 - The New Monetary System of the Isu-Syrian Federation

After not staying in the wasteland for a few days, Cai Ruichen returned to the present world, not because he didn't want to stay in the wasteland, but because there was work that needed to be completed in the wasteland.

As the supreme leader of the Islamic Federation, it is time to appear after being out of the public eye for several days.

Of course, Cai Ruichen doesn't need the media to publicize his achievements, nor does he need someone to deliberately publicize how busy he is, just normal

When he returned to the present world, he immediately checked some of the plans that needed to be implemented in the future, and ended his extremely easy work.

The current Cai Ruichen does not have the appearance that a leader should have at all, and he can almost be said to have nothing to do all day long.

A lot of heavy work was left to the people below to complete, and the documents that could be left for him to see, that is, only one or two copies occasionally.

But this is also normal, Cai Ruichen is the commander of the Red Police base, not a politician, nor a pure head of state, if he wants to do everything, then even if he has ten heads and ten bodies, it is completely insufficient.

Of course, it doesn't mean that Cai Ruichen really lets go of all his work, and many things need to be seen before he can carry them out.

Otherwise he wouldn't know anything.

It's as if now, after the war, the Iraq-Syria Federation is undergoing a new monetary reform, and the currency reform is the main economic drama.

Previously, the Iraqi and Syrian federations only temporarily used the Iraqi dinar as a currency, but in Syria, the original Iraqi dinar can also be used.

In addition, the infrastructure construction in Syria is still continuing, and the Red Guard Corps is preparing for war, and Cai Ruichen has always put this matter on hold.

In addition, the new dinar of Iraq was temporarily used as a federal dinar, and it was also temporarily launched, and there were many problems with the monetary system between Iraq and Syria.

One of the problems is the currency purchase and exchange system, if it is not strictly managed by technology banks in the future, the loopholes in this will inevitably bring extremely serious consequences once it is exploited.

This is also because Iraq's new dinar has never been used as a currency open to the outside world, and the currency of the Iraq-Syrian Federation is all US dollars.

Because in the Iraqi-Syrian Federation, the US dollar is actually a hard currency, and those who get the Iraqi dinar cannot exchange this currency for US dollars or directly circulate it in the market.

Therefore, there is also an inevitable currency reform in the Iraq-Syria Federation, which will create a new currency to replace the existing currencies in circulation in the Iraq-Syria Federation, and at the same time protect the assets of citizens and businesses from any loss.

This seems simple, but it is actually a very complicated matter, because it also involves foreign foreign exchange, and the purchasing power of the currency also needs to take into account the economic benefits of the country's production energy.

Currency is the simplest, but monetary policy is the most difficult.

In the days following the war, the Iraqi-Syrian Federation began to discuss the policy of a new currency.

Money itself has no value, and it is the state that uses its own credit and the constitution to give money value, and money therefore has purchasing power.

When a country's currency credit is good, not only domestic people will be assured to hold their own currency, but foreign countries can also be assured to hold the country's foreign exchange reserves.

In the international market, if you want to buy oil, those countries that import oil must hold foreign exchange in dollars, and if you want to get dollars, you need to export things in exchange for dollars.

This is how the dollar status of the United States came about.

Cai Ruichen has no ambition to challenge the US dollar hegemony now, not because he doesn't want to, but because he knows very well that his current strength is completely insufficient to challenge the bottom line of the United States.

Of course, only by formulating a reasonable monetary policy can we bring stable wealth to the country and maintain domestic economic stability.

What's more, if a country is still a federal system, if there is no reassuring currency that can circulate in each member state, then the existence of the federation is basically meaningless.

If you want to centralize power, you must control the economy and the military, and both are indispensable.

This is also Cai Ruichen's minimum requirement, the military is relatively simple, and the Red Police Corps is in hand, so he is not worried at all.

The economy is the core of all interests, and it is also the most difficult to control.

In the process of formulating a new currency, in the future, the Bank of Science and Technology will act as the central bank of the Islamic and Syrian Federation, managing the adjustment of monetary interest rates and printing and issuing currency.

Similarly, the Iranian-Syrian Federation does not prohibit the emergence of private capital banks, but there are also regional banks and banks established by each member state itself.

According to the results of the discussions, the end result of this system is that all local banks, as well as the banks of member countries, must transfer all money to the central bank account on a daily basis.

In other words, other banks actually have no money, and of course, the central bank will give these local banks a fixed interest rate that is lower than the lending rate, but higher than the ordinary deposit rate.

The interest rate given by the central bank is the so-called benchmark interest rate, and the central bank only needs to control this benchmark interest rate to be able to control the currency and economic markets.

This is a bit like the United States, and it is the same as most countries in the world.

And in order to prevent someone from making fake accounts and trying to arbitrage interest in and out of it, the future technology bank will also carry out the strictest network monitoring in history.

This is because the entire operation between banks will also be carried out by the network, and all regions of the entire federal territory will be connected.

This network also includes all regional ATMs, which are completely monopolized by the Future Technology Bank, and all bank cards of the Isui Federal Regional Bank can be withdrawn at the ATMs of the Future Technology Bank with the least handling fee.

Controlling the actual currency and the benchmark interest rate are also Cai Ruichen's requirements for the new monetary policy.

In terms of loans, it has become another profitable project for banks, and in return for recovering all ATM business, in the future, science and technology banks will not issue loans to ordinary enterprises and individuals, but to lend to the federal government or the governments of various member states.

While the new monetary policy is being discussed, a large number of ATMs are being installed in every district and town in the territory of the Islamic Federation.

Almost every 3,000 people on average will have an ATM.

Moreover, this kind of ATM also uses the most advanced means, not only can carry out face recognition, face swiping without card deposit and withdrawal, but also has the most advanced service system, which can automatically identify various fraudulent accounts that have been suspicious.

At the same time that new ATMs were being installed in various places, new currencies were also being printed.

The new currency printed, in order to conform to the habits of the Middle Easterners, was also called the dinar, and in terms of currency, the heads of the characters were canceled and all were replaced with scenic spots.

The brand new dinar is a complete set from one cent to one hundred, and there are also a large number of coins in a set from one cent to ten dollars.

At the time when the new monetary policy was being formulated, propaganda in this area was also being carried out in the territory of the Iraq-Syrian Federation, and the statistical office began to calculate the real price of the existing currency.

The statistics for the Iraqi new dinar were the simplest, and the current commodity prices were beginning to be determined.

A new currency will be released soon, and all Iraqi and Syrian dinars will be able to exchange for a new currency, and there is no upper limit on the exchange.

Ten Iraqi new dinars can be exchanged for one new dollar, while one hundred thousand Syrian dinars can be exchanged for one dollar.

It's not partiality, but the Syrian dinar, which is really depreciating too much, and when you go to drink a bowl of soy milk, you have to pay for half a basket of bills.

The value of the exchange is naturally very low, and the exchange time lasts for one person, and after a month, all the old currencies will be unusable.

At the same time, the Future Technology Group also stipulates that the exchange between the Iraq-Syria federal dinar and the United States is currently one to one for the time being, but it is not bound to the US dollar, and the value of the currency will fluctuate with the market.

For the new currency released by the Islamic Federation, all the capitalists in the world are opening their eyes to see if there is anything cheap to take advantage of.

As a result, they were disappointed that there was no cheap to take advantage of at all, and the currency exchanged was only for the domestic market, and anyway, there was no foreign exchange for a penny of the Islamic and Syrian federal dinars.

However, some people feel uncomfortable with the new actions of the Iraq-Syria Federation, which is naturally the United States.

Although it is extremely normal for the Iraq-Syria Federation to formulate a reasonable currency, it is a little uneasy to see the new monetary policy announced by the Iraq-Syria Federation.

Because this system has a lot of similarities with the existing system in the United States, although there are some differences, but overall, it is almost the same.

This makes the United States naturally vigilant, and in addition, the Middle East, where the Iraq-Syria Federation is now entrenched, is directly related to the oil interests of the United States in the Middle East.

Once the Iraq-Syria Federation announces that oil exports will not be settled in dollars, the United States will have to jump on its feet.

Of course, this is also the point that the United States is most worried about at the moment, after all, the future technology group is now in charge of the lives of eight million people in Washington. If this is used as a threat, it will be really quite passive for the United States.

When the new dinar of the Iraqi-Syrian Federation began to be issued, the U.S. government also began to act.

US President Austria and Bama's Air Force One has landed in Saudi Arabia, and Austria and Bama will pay a three-day goodwill visit to Saudi Arabia.

This is the first visit to Saudi Arabia by Austria and Bama since the new Saudi king took office, and it is also a friendly visit by the US president to Saudi Arabia after the deterioration of relations between the United States and Saudi Arabia in the past two years and more.

As for the results of the visit, the outside world is not very clear, but for the purpose of Austria and Bama, that is Sima Zhao's heart.

As the world's third largest oil-producing country, Saudi Arabia also has the richest oil reserves, accounting for more than 20% of the world's oil exports every year, and the Persian Gulf is respected by Saudi Arabia's strength.

Nearly 40 percent of the world's oil comes from the Persian Gulf, and once Saudi Arabia shakes its head, that's not enough for a fraction of that oil.

The United States cannot give up Saudi Arabia, an oil ally, and even less can it give up oil control over Middle Eastern oil.

Israel's current results are irreparable, and the United States can only put all its thoughts on Saudi Arabia.

With a humble gesture, Austria and Bama also brought the United States apologies, and at this time, the United States could not continue to maintain that lofty attitude.

The United States did not fight Syria back then, which already disappointed Saudi Arabia, and the issue of Yemen and Saudi Arabia once again disappointed Saudi Arabia, and Israel's problem really disappointed Saudi Arabia from top to bottom.

The prestige of the United States among the Saudi people has also fallen to the lowest point in history.

And when the new Saudi king was the ****, many people scolded the Americans for being timid, and almost pointed at the nose of the United States together with the **** of other kingdoms in the Middle East.

It can almost be said that Saudi Arabia now has the worst relationship with the United States in history.

Austria and Bama have also made great determinations on their trip, and they really hope that through their own efforts, they will improve the relations between the United States and Saudi Arabia, and even if they cannot return to the sweet period they once had, they must ensure that they will not continue to deteriorate.

It's just that to Austria and Bama's expectations, the result of this trip did not disappoint him, and although the attitude of the Saudi side is not very good, it does not want to break with the United States.

Of course, this is also when the United States has paid a lot of costs, and in the end, Austria and Bama are reassured that Saudi Arabia will still choose to stand on the side of the United States.

This made the hearts of Ao and Bama that had always been hanging in their stomachs completely.

It's just that Austria and Bama are helpless that the Saudi side demands that the United States cannot relax sanctions on Iran, nor can Iran's nuclear negotiations really come to fruition.

In the eyes of Austria and Bama, Saudi Arabia is still on the same page as Iran, which makes the United States mixed.

The good news is that Saudi Arabia is still the same, and it has not changed.

Worryingly, Iran is a little in trouble.

Because now the main focus of the United States on the Middle East issue is all on the Iraq-Syrian Federation and al-Baghdadi.

The United States is stepping up its efforts to redeploy its military forces in the Middle East and strengthen its military power structure in Saudi Arabia.

And the purpose of this is to kill al-Baghdadi, the murderer who caused this disaster for the United States.

This is also the best excuse for the United States to renew its troops in the Middle East, but the United States has not sent troops on a large scale, but has only strengthened its military intelligence forces.

At present, the United States still regards strategic eastward shift as its main strategy, and this point has not changed at present.

However, it is also possible that the United States secretly crossed Chencang on the Ming Plank Road, and with the help of al-Baghdadi, redeployed military forces in the Middle East, and began to target the Iraq-Syrian Federation.

In this regard, Cai Ruichen is also on guard, and Austria and Bama's trip in the Middle East is not over, and after leaving Saudi Arabia, he has almost traveled to all kingdoms in the Middle East.

The wishful thinking of the United States is played crisp and loud. (To be continued.) )