Rebirth of the Super Banking System

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

The news was immediately transmitted back to the country.

Early in the morning,

Capital.

Central bank.

International Department.

The person in charge Yuan Yi organized a seminar.

The main members of the department and some experts in the economics and currency aspects of the research institute were invited.

I gave Burmese a large loan.

Post-loan risk control is a must.

It's just that the situation here is really a bit complicated. The economic development of Myanmar is no problem at present, but the currency issue has suddenly emerged, making the leaders of a central bank nodded.

one country.

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

But it looks like Burmese is now.

Among them, as a niche currency, the Asian dollar is playing an increasingly important role in the main currency circulation areas, and even directly participates in economic activities, which makes them a little confused.

Just like the day when the Hong Kong dollar suddenly circulates and settles in the country, it is so incredible.

This is an unprecedented situation.

There is no precedent at all.

"At the end of last year, we gave Myanmar a 160 billion yuan loan to help it develop its economy, improve people's livelihood, and carry out large-scale infrastructure construction. This money was successively created by the Bank of Myanmar in accordance with the international exchange rate.

Due to the huge amount of kyats flowing into the market, coupled with the over-issuance of the Myanmar government, the domestic currency depreciation of the kyat began. This is within our expectations. The value of the Asian dollar has remained stable. This is also ours. As expected.

However, what we didn’t expect was that the Asian dollar had become a safe-haven pool of funds in Myanmar during the kyat process, because there was no way for Myanmar to use the dollar reserves of Myanmar. .

Later, they discovered that the Asian dollar was freely convertible, and they regarded the Asian dollar as a hedge currency similar to the US dollar, and carried out a large amount of exchange, making the kyat participate in Myanmar's domestic economy and savings activities.

This is not the most important thing. Generally, commercial bank loans have deposit reserves, and some of them must be submitted to the central bank to protect ordinary people's deposits and withdrawals, as well as the safety of deposits of residents and enterprises, and control the total amount of domestic currency flow.

However, the Bank of Burma does not have this restriction. All the kyats earned can be loaned out. This has caused the market circulation of the kyats to completely exceed the original expectations, and the depreciation of the kyats is expected to lengthen and deepen.

This is not just a domestic matter in Burma, it has even affected our trade import and export with China, and many domestic companies have also joined this behavior to protect their own financial security.

The purpose of this meeting is to brainstorm and discuss the impact this will have on the economic and trade between my country and Myanmar, and even the future economic development of Myanmar. This matter is highly valued. "

Yuan Yi first fully explained the current situation.

The experts here all looked down at the documents in their hands, and became more and more frightened as they looked at them.

It feels like Burma is crazy.

How can such a thing be allowed.

"Isn't there any restrictions on the exchange of the kyat and the Asian dollar? When was this released." An expert who had participated in the loan to Myanmar rummaged through the documents in his hand and could not find the answer to this question.

"This time is still uncertain. The Bank of Myanmar has not released relevant information, nor do we have a government work report on Myanmar. We only know that there was a limit before, but when the limit is reached, it seems that the limit suddenly does not exist.

Our estimate is that the major interest groups in Burma have made efforts to lift this limit together to facilitate their asset preservation. You must know that the total amount of Burmese kyats in their hands is huge, and the banks that deposit Burma can suffer serious losses.

The reasons are also easy to find. Once the Bank of Myanmar has half of the renminbi allocation rights in its hands, and the economic activities in the Special Economic Zone of Myanmar and other places in Myanmar are increasing, there are many possibilities. "

Yuan Yi's answer.

It's the same as never said.

The experts glanced at him silently.

Yuan Yi still drank tea calmly and rolled his eyes. What I don't know, what do you ask me to do?

The expert thought for a while and asked: "The problem now is that without the restriction of deposit reserves, the demand for value preservation from all sectors of the Burmese society is strong, resulting in the Bank of Myanmar owning a huge amount of kyats, and the Bank of Myanmar is unwilling. Having eaten up the depreciation losses and made aggressive investments, the domestic liquidity of the Kyat has been completely out of control?"

"Yes." Yuan Yi nodded.

"If this continues, the inflation rate in Burma will be scary. Longcai and the others will not fail to see this." The expert doubted.

Yuan Yi replied: "Of course he can see it, but now we think that Lang Tsai has a bigger plan, and they have also tasted the benefits of economic stimulus. Now we give so much money, and it will be gone.

Lang Tsai may want to work hard again, with the help of external forces, to complete the construction of Burma at one time, but this is all speculation, the specifics are still unknown, but this time the budget exceeded the standard can tell a little clue. "

Another expert answered: "This may not be what Lang Tsai meant. It may be the result of the joint efforts of major interest groups in Myanmar, and Lang Tsai had to compromise and agree to the budget plan that exceeded the standard."

"I also agree with this view. It is very likely that Lang Tsai did not want to print money and finally compromised. He was afraid that the wind would not stop. After all, the power of interest groups was too strong." Another person said.

"I don't agree with Lang Tsai's prestige in Burma. I don't think I need to go into details. Even if he compromises, he will not compromise completely like this. Have you noticed that the loan limit this time is larger than the budget limit that was overspent. , Is this a decision made by a compromised Lang Tsai?" Liu Jin said, a silent Liu Jin.

Everyone heard it too.

Compromise is okay.

However, Lang Tsai's prestige is not so low that it requires a completely unconditional compromise, and it adds to the flames.

If it is not a compromise.

So if it is not the initiative mentioned before, it has another purpose.

"Academician Liu, what do you think?" Yuan Yi asked. Liu Jin is the academician Liu.

Liu Jin thought for a while and said, "I also don't agree with Lang Tsai's idea that Lang Tsai wants to build it all at once. Lang Tsai is not that kind of person. This is determined by his personality. I think he has other purposes."

"What's the purpose?" Yuan Yi asked intriguingly.

"Abolish Yayuan." Liu Jin said lightly.

As soon as this remark came out, the conference room fell into silence, abolishing Yayuan, logically. . It seems to make sense.

Liu Jin went on to explain: “Now it’s basically impossible for Lang Tsai to abolish the Asian dollar through an administrative order. Zero will not agree, and the Myanmar Special Economic Zone will not agree, and they have an important strategic position and their strength is not weak. Tsai was unable to resolve the Asian Yuan militarily.

Then he can only use economic and monetary forms. Economically, the Myanmar-Asia Special Economic Zone has completed the initial industrialization, borders the three countries, and the roads are unblocked. Economically, it is not restricted by Lang Tsai and others.

So in the end it can only fall on currency.

During this period of time, the exchange limit disappeared, as well as the current loans, and possible more loans in the future, are all of Langcai's bureau~www.novelmtl.com~ not only solved the development funds, but also solved an opponent.

The result is self-evident. Lang Tsai holds the first opportunity and all the advantages. He is still the orthodox of Burma. He will definitely be the final winner, of course, if there are no accidents. "

"What's the accident?" Yuan Yi asked.

"This is too much. There are still two years left before Lang Tsai will be in power. Two years from now, the attitude of the new president towards the Asian Yuan is not certain. The longer the time, the greater the variables. However, the Asian Yuan is It is certain to be included in the kyat system." Liu Jin shook his head.

When he said this, Liu Jin's eyes flashed a little doubt, because Yayuan was not like a master sitting and waiting to die, nor was Zero, but he really couldn't think of any hope for Yayuan to win.

Yuan Yi was speechless.

Said another nonsense.

Continue with today’s other topics.

"It can now be concluded that the construction and development of Burma will continue for a long time. Our Huaxia company has won more and more projects. In addition to the renminbi appropriation projects, all parties now receive kyats. Converted into Asian dollars as soon as possible.

Due to the restrictions of the Bank of Myanmar, these money cannot be converted into U.S. dollars in large quantities, and if converted into RMB, our exchange rate loss will be great. Therefore, the money is still in the Bank of Myanmar and has not been transferred back to the country.

The Bank of Myanmar is not the Central Bank of Myanmar. Although they have a lot of U.S. dollars and other foreign currencies, they are not obliged to exchange foreign currencies for our companies. Therefore, the Bank of Myanmar proposed to our bank last week to open up the free exchange of the Asian dollar and the renminbi on a large scale. Proposal.

In order to solve the problem that some of the funds earned by Chinese enterprises are stuck and cannot be returned to the country. In this way, it is equivalent to officially treating the Asian dollar as a type of foreign exchange reserves. On this issue, what are your views and suggestions? "