Chapter 112 New Currency
Before leaving the temporary hospital, the guard at the door reminded:
"The test report in your hands can be used in Hongsavadi, but it is only valid for one year. When it expires, remember to go to Qingye Hospital for another test. The test fee is 100 gold yuan."
"100 gold yuan? The new currency has been issued?" Fang Xinwu asked curiously.
The guard nodded and said, "All banks in Mandalay can exchange it, but if you want to exchange it for gold, you can only go to Qingye Bank."
"Thank you."
Fang Xinwu quickly took his two younger brothers to the parking lot to pick up his SUV.
When I arrived at a bank in Mandalay city, I found that there were many people queuing up. Fang Xinwu also had a bank account and deposits in Hongsawadi.
Now that Hongsavadi uniformly uses gold yuan, and the gold yuan is pegged to gold, he naturally has to exchange the Myanmar currency in his hands for gold yuan.
"Hey, isn't this Brother Fang? Are you here to exchange new currency as well?"
A voice sounded behind him. Fang Xinwu turned around and found that it was Zhang Dasong, whom he had met before at Lao Ma’s Sichuan restaurant.
He smiled and replied: "The new currency can be exchanged for gold, I don't want to miss it."
Zhang Dasong shook his head. "It is indeed possible to exchange gold, but you need to go to Qingye Bank to make an appointment in advance. And they only accept exchanges between 100 grams and 10,000 grams at a time. If you want more than 10,000 grams, you need to apply to the Financial Management Bureau in Hongsavady. Each person can only exchange a maximum of 120,000 grams of gold per year."
"I see. It seems to be to limit the large-scale outflow of gold."
Zhang Dasong reminded: "Not only that, Jinyuan does not accept currency swaps. Hongsavadi's international trade only uses Jinyuan, but I heard that companies can go through the green channel and obtain special large-amount exchanges."
"Are there any restrictions on the export of gold?" Fang Xinwu asked.
Zhang Dasong shook his head. "No, that's not the case. Qingye Bank has minted a large number of 100-gram gold coins and stored them in banks in various port cities. If you want to take gold out of the country, they are even willing to send security to escort you to the border. A friend of mine returned home with 10 kilograms of gold yesterday."
"It seems they have a lot of gold reserves!"
"At least about a hundred tons." Zhang Dasong said with a smile.
After exchanging all the Myanmar currency in his account and on his body into gold yuan, Fang Xinwu had a total of 830,000 gold yuan in his account.
He did not go to exchange the gold immediately. After all, Zhang Dasong had just said that exchange required application and appointment, and the exchange could also be done at the port bank. It was inconvenient and unsafe to carry a large amount of gold on him.
The younger brother Mao Heshui was holding a hundred-yuan bill in his hand and looking at it, and there was also a large stack of small-denomination bills such as fifty yuan, twenty yuan, and ten yuan.
The gold yuan currently has eight denominations: 10 cents, 50 cents, 1 yuan, 5 yuan, 10 yuan, 20 yuan, 50 yuan, and 100 yuan.
Fang Xinwu also looked at the hundred-yuan bill in his hand. The texture of the bill was actually a bit similar to that of plastic. On the front was a solar system star map and the number 100, and on the back was a complex double helix gene pattern.
Other banknotes also have Jupiter, Saturn, Mars, Venus, Mercury, Earth and the Moon as the front patterns, while the back has a unified double helix gene sequence map, but the color is different.
Fang Xinwu found that many local people were not in a hurry to exchange for gold after changing to the new currency.
The reason for this situation is that Hongsavady has announced that it is strictly prohibited to use other foreign currencies and old Myanmar currencies within the country.
Major groups including Aoba Group, Hongsawaddy Development Group, and Hongsawaddy Mining Group have all required their industries to prohibit accepting foreign currency and old Myanmar kyat.
In other words, it would be very difficult to exchange foreign currency for gold yuan.
In fact, the Hongsavadi branch had to adopt the limited gold standard. On the one hand, Hongsavadi's currency did not have enough purchasing power internationally, and without enough industrial and mineral support, it was unable to obtain sufficient foreign exchange.
As for the money seized, it will only be enough for the next two to three years.
Moreover, the consequence of using US dollars for transactions is that you will be extorted by America and have to be on guard against being harvested by the other party. What's more, the relationship between America and Honduras is very bad now. They were forced to move their capital before. Using the other party's currency and international monetary settlement system is too risky.
Therefore, the Hongsawadi branch simply took one step at a time and directly promoted the limited gold standard. After all, it could obtain dozens of tons of gold every year, which was enough to .
In fact, all countries now know that Hongsavadi is pursuing the gold standard.
Even America disdained this. With the one or two hundred tons of gold reserves in Hongsavadi, the best they could do was to fence off the land and cultivate it on their own.
However, countries and companies that refuse to trade with Hongsavady do not do so, because no one is willing to reject this hard currency. After all, gold is always better than the US dollar that runs a nuclear-powered printing press.
As long as Hongsavadi does not prohibit the exchange of gold yuan for gold, even if there are exchange restrictions, there will still be many companies and countries willing to accept it.
In particular, on the Chinese side, Dongfeng Group and Hongsawadi Mining Group signed a contract for 20,000 trucks, a truck production line and a tractor production line, with a total contract value of 8.6 billion yuan.
In response, Aoba Bank stated that it could open a special green channel for Dongfeng Group and send a special plane to transport the gold to a designated airport in China.
Obviously the lure of gold is very strong.
As for foreign countries purchasing Hongsavadi's materials and products, they only accept gold and yuan, or direct goods exchange. Hongsavadi said that he has no interest in the credit currencies of various countries.
Faced with this situation, China is also somewhat helpless.
They actually wanted to pull the gold back directly, but once the gold was pulled back, they might not have enough gold in future transactions with companies in Hongsavadi and would need to barter.
As a last resort, the 2.5 billion yuan paid in advance by Dongfeng Group for this transaction was accepted by Bank of China, and a special yuan settlement office was established to manage the yuan from Hongsawadi.
Fortunately, the Jinyuan is pegged to gold, which makes its exchange rate very easy to calculate. It can be directly converted into the currencies of various countries according to the international gold price.
In other words, the indirect exchange rate of Jinyuan to Huayuan at this time was about 500:346.
The indirect exchange rate of the yuan to the US dollar is around 500:50.
Aoba Bank issued a total of 50 billion gold yuan, equivalent to 100 tons of gold, which was used for the initial replacement of Myanmar currency and foreign trade.
But in fact, Aoba Bank still has more than 170 tons of gold reserves that have not been used.
After deciding to promote the gold standard, the Hongsavady branch has opened a large number of golden seaweed farms along the southern coast.
Around March of this year, these seaweed farms will be gradually put into production, and about 3 to 5 tons of gold can be obtained each month.
The golden seaweed can also be used as raw materials for the methane fermentation plant, providing a large amount of methane for Hongsavadi.
In order to avoid exposing the relationship between Aoba Group and Zhiren Company, this cooperation project was carried out in the name of Hongsavadi Development Group and cooperated with Jade Energy, a subsidiary of Zhiren Company, to form a joint venture Hongsavadi Jade Energy Branch.
Many people outside are betting on how long Hongsavadi's gold standard can last.
But the executives of the Hongsawadi branch knew very well that with a guaranteed issuance volume of 2 billion gold yuan per month, the gold standard of Hongsawadi would be very strong.
What's more, the Jinyuan was not a complete gold standard, but a limited gold standard.
As long as Hongsavadi has enough advantageous industries in the future, the value of the gold dollar will be difficult to shake.
Just as Fang Xinwu was looking at the new banknotes.
In Siam, next to Hongsavadi.
Some people also got the freshly minted gold and dollar banknotes. Victor appeared in Bangkok in a low-key manner and appeared in an estate of the Xu family.
The last time the Xu brothers died suddenly, they had been fighting for more than half a year. During that time, even the father of the Xu brothers suddenly suffered a cerebral hemorrhage. In the end, it was Xu Xuexi from the third room who had the last laugh .
Unfortunately, after this brutal internal struggle, the Xu family was severely damaged, and many non-core industries were divided up by other families.
Now Xu Xuexi is more enthusiastic and cooperative about the cooperation proposed by Victor.
"Please rest assured, Mr. Victor, Mesa Pharmaceuticals has returned to normal. I will arrange the production of stamps as soon as possible."
Victor, biting on a cigar, waved his hand and said, "There's no rush for the stamps. There are some troubles in the Golden Triangle and Old Street right now. I need you to help me with another thing."
"I wonder what Victor needs me to do?" Xu Xuexi did not agree immediately.
"It's very simple, this is it." Victor pulled out a wad of bills from his briefcase.
Xu Xuexi took a look and said, "Isn't this a gold coin?"
"This is gold. Doesn't Mr. Xu want to get rich?" Victor asked with a smile.
Xu Xuexi picked up a 100-yuan bill. The familiar plastic texture was similar to the 100-yuan Thai baht bill in Siam. Then he asked uncertainly, "Making counterfeit money?"
"No! No! We are just increasing their circulation. How about we split the gold we exchanged into 30% and 70%?"
"this……"
"Don't worry, my friend, this is Siam, they have no control over this place."
The devilish temptation made Xu Xuexi give up struggling quickly: "I can cooperate, but I want a 50-50 split."
But Victor waved his hand and said, "My friend, you don't have many friends in Hongsavadi. If you can find 10 influential partners, I will give you a 50-50 split."
Hearing this question, Xu Xuexi frowned. Their Xu family naturally had friends in Hongshawadi, but they were only two or three small forces.
Victor shrugged: "It seems that you don't have enough friends, so just open a banknote printing factory!"
"Huh... OK, how many should be printed in the first batch?" Xu Xuexi compromised.
"5 billion is a relatively safe number."
Xu Xuexi was also a man of action, and he nodded immediately: "I will arrange for someone to research and make a replica right away."
