Rebirth – Super Bank System

Just when the loan of more than 2 trillion kyats landed.

The news was immediately sent back to China.

Early in the morning,

Beijing.

Central bank.

International Division.

The person in charge, Yuan Yi, organized a seminar.

Invited the sect master to have members and some economic and monetary experts in the institute.

I gave a big loan like Burma.

Post-loan risk control is a must.

It’s just that the situation here is a bit complicated. At present, there is nothing wrong with the economic development of Myanmar. However, the currency issue has suddenly become prominent, and the leaders of a central bank have nodded.

one country.

The situation of the two currencies is not unusual in China.

But it is like this in Myanmar.

Among them, the Asian dollar, which is a niche currency, has played an increasingly important role in the major currency circulation areas, and even directly participates in economic activities, which makes them a little embarrassed.

Just like the day when the Hong Kong dollar suddenly circulates in the country and settles its value, it is such an incredible thing.

This is a situation that has never been seen before.

There is no precedent at all.

“At the end of last year, we gave a loan of 160 billion yuan to help develop the economy, improve people’s livelihood, and carry out large-scale infrastructure construction. These moneys were successively created by the Central Bank of Myanmar in accordance with international exchange rates.

Due to the huge amount of kyats flowing into the market and the oversupply of the Burmese government, the devaluation of the domestic currency of the kyat has begun. This is within our expectation, in which the value of the Asian dollar has remained stable, which is also in ours. Expected.

However, what we didn’t think of was that in the course of this kyatian era, Yayuan became a safe haven for the whole of the country. Because of the idea that there is no way to fight the dollar reserve in the country. .

Later, they found that the Asian dollar was freely convertible, and they used the Asian dollar as a currency that was similar to the US dollar and exchanged a large amount of money, which made the Myanmar dollar participate in Myanmar’s domestic economic and savings activities.

This is not the most important. Generally, commercial bank loans have a deposit reserve. Some of them must be handed over to the central bank to protect ordinary people’s access, as well as to protect the safety of residents and corporate deposits, and to control the total flow of domestic currency.

However, the Bank of Myanmar did not have this restriction. All the mary won, they can all lend out, which led to the market circulation of the kyat completely exceeded the original expectations, and the devaluation of the kyat is expected to lengthen and deepen.

This is not only a matter of domestication in Myanmar, but has even affected our trade and import and export with China, so that many domestic enterprises have joined this kind of behavior to protect their own funds.

The purpose of this meeting is to gather ideas and explore the impact of this on China’s and Myanmar’s economic and trade relations, and even the future economic development of the country. This matter is highly valued. ”

Yuan Yi first explained the situation now.

The experts present here looked down at the documents in their hands, and the more they looked, the more they were scared.

I feel that Burmese is like crazy.

How to allow such a thing to happen.

“Is there a limit to the exchange between the kyat and the Asian dollar? When did this go?” An expert who had participated in the loan to Myanmar rummaged through the documents in his hand and did not find the answer to this question.

“This time is still uncertain, the Bank of Myanmar has not released relevant information, and we have no government work report. We only know that there is a limit before, but when the limit is reached, it seems that the quota does not exist.

Our estimate is that Myanmar’s major interest groups have exerted their strengths and lifted this limit together to facilitate their asset preservation. We must know that the total amount of kyatians in their hands is huge, and the bank that has been in bankruptcy will suffer serious losses.

The reason is also very easy to find. Once the Bank of Myanmar has half of the right to allocate RMB, and the economic activities of the Myanmar Special Economic Zone and other parts of Myanmar are increasing, there are many possibilities. ”

Yuan Yi’s answer.

Not the same as saying.

The experts sneered at him like nothing.

Yuan Yi is still calmly drinking tea and rolling his eyes. What I don’t know, what do you ask me to do?

The expert thought and asked: “The problem now is that there is no restriction on the deposit reserve, and the demand for value preservation in the community is strong, which leads to the Burmese bank having a huge amount of kyat, and the Burmese bank is not willing. The loss of devaluation and the investment by Daxie have caused the domestic liquidity of the kyat to be completely out of control?”

“Yes.” Yuan Yi nodded.

“In this case, the inflation rate will be high and scary. Langcai will not see this.” The expert wondered.

Yuan Yi replied: “Of course he can see it, but now we think that Langcai has a bigger plan. They also tasted the benefits of economic stimulus. Now we give the money so many, and it is gone.

Langcai may want to work hard again, with the help of external forces, to complete the construction of Burma once, but this is speculation, but the specifics are still unknown, but this time the budget exceeds the standard can be seen a little clue. ”

Another expert answered: “This may not be the meaning of Langcai. It may be the result of the joint efforts of Myanmar’s major interest groups, and Langcai has to compromise and agree to this over budget plan.”

“I agree with this point of view. It is very likely that Lang Cai does not want to print money. The result of the compromise is that he is afraid that this wind will not stop. After all, the power of interest groups is too strong.” Someone said.

“I don’t agree with Lang Xi’s prestige in Burma. I don’t want to repeat it. If he compromises, he won’t be completely compromised. Have you noticed that this loan amount is bigger than the over-expended budget? Is this a compromise made by Langcai?” One has been silent Liu Jin said.

Everyone listens as well.

Compromise is ok.

However, Langcai’s prestige is not so low that it requires a complete unconditional compromise, and it also pushes for help.

If it is not a compromise.

Then if it is not the initiative that was said before, it has other purposes.

“Liu Academician, how do you see it?” Yuan Yi asked. Liu Jin is the academician of Liu.

Liu Jin thought about it, started talking: “I don’t agree with Langcai’s claim that one-time construction is in place. Langcai is not such a person. This is a character decision. I think he has other purposes.”

“What purpose?” Yuan Yi asked very interestingly.

“Abolition of the Asian dollar.” Liu Jin is indifferently said.

As soon as this was said, the conference room fell silent and abolished the Asian dollar, logically. . It seems to make sense.

Liu Jin continued to explain: “Now Lang Cai wants to abolish the Asian dollar through administrative orders. It is basically impossible. Zero will not agree. The Myanmar Special Economic Zone will not agree, and their owners have important strategic positions. Their strength is not weak. Cai could not solve the Asian dollar in the military.

Then he can only enter the initial industrialization through the economic and monetary forms. The economic special economic zone has completed the initial industrialization, and the three countries are bordered, the roads are unimpeded, and the economy is not subject to Langcai.

So in the end it can only fall on the currency.

And the exchange quota disappeared during this time, as well as the current loan, and the next possible loan, is a bureau of Langcai, not only solves the development funds, but also solves an opponent.

The result is self-evident, Langcai holds the opportunity and all the advantages, or the orthodox, he will be the final winner, of course, if there is no accident. ”

“What an accident?” Yuan Yi asked.

“This is much more. Now there are two years before the ruling time of Langcai. Two years later, the attitude of the new president in dealing with the Asian dollar is not necessarily the case. The longer the time, the bigger the change, but the Asian dollar is The inclusion of the kyatian system is certain.” Liu Jin shook his head.

When he said this, Liu Jin’s eyes flashed a bit of doubt, because the Asian dollar is not like a master sitting still, zero is not, but he really can’t think of any hope that Yayuan has won.

Yuan Yiyi was speechless.

Also said nonsense.

Continue with other topics today.

“It can be concluded now that the construction and development of Myanmar will last for quite a long time. Our Huaxia company has won more and more projects. Apart from the RMB allocation project, among other additional projects, the parties are now getting the kyats. The first time is converted into Asian dollars.

Due to the restrictions of the Central Bank of Myanmar, the money cannot be converted into US dollars in large quantities. If we convert into RMB, our exchange rate losses will be very large. Therefore, the money is still in the Bank of Myanmar and has not been transferred back to China.

The Bank of Myanmar is not the Central Bank of Myanmar. Although they have many US dollars and other foreign currencies, they are not obligated to exchange foreign currency for our enterprises. Therefore, Bank of Myanmar last week proposed to the Bank a large-scale open exchange of Asian dollars and RMB. Proposal.

In order to solve the problem that the funds earned by Chinese enterprises are stranded and cannot be returned to China. In this way, it is equivalent to us to formally use the Asian dollar as a kind of foreign exchange reserve. What opinions and suggestions do you have on this issue? ”