Chapter 2304 Zero: The Asian Dollar Exchange Rate Will Rise This Year

this meeting.

The results were gratifying.

one.

on the original basis. Myanmar will increase the loan amount according to the agreement and according to the WTO membership period. Although not much, it is only 12 billion Asian dollars.

but.

It is also a gain.

at the same time.

It also conveys a message - the Asian dollar is going to print money again. Countries don't think anything about it. Printing money is not terrible, as long as the purchasing power is there.

The general country prints big money.

First.

exchange rate.

More money is naturally worthless, and the exchange rate market is bound to fluctuate.

second.

inflation.

Still the same reason. Internally and externally, the impact is unpredictable. However, if the exchange rate does not fluctuate freely, but is like this, the central bank stipulates.

So.

Things will be fine.

As for inflation, money is worthless, and motorcycles are turned into bicycles. Under the strong price control of basic raw materials in Myanmar, little changes have been made.

Raw materials do not rise.

eat.

drink.

use.

Most consumer goods will not let the money in the hands of the people become less and less valuable. It can be said that this is almost the only one in the world.

As for North Korea?

never mind.

There is hardly even a normal commodity economy there. No matter how strict material control is, how can there be inflation?

therefore.

Like Myanmar, it is true that no other country can control the price of basic raw materials and gradually realize the impact on the prices of upper-level commodities.

Even if you want to imitate it, you can't imitate it.

The control of raw material prices alone means that a considerable part of the raw material enterprises in the entire country are controlled by the state or have subsidies.

Obviously.

It's too hard to learn.

. . .

Second.

It was Zero who announced at the meeting that by the end of the year, the Asian dollar would steadily appreciate by about 5 percent. Doing so can be said to be blinding people's eyes.

Meaning of this statement.

But not ordinary.

This represents.

Just hold the Asian dollar. By the end of the year, there is a five percent gain. This means little to the Burmese people. But for foreign countries.

Very important.

Because it is much higher than the interest rate of the deposit bank. It has greatly strengthened the popularity of the Asian dollar abroad, and more people are willing to hold it.

. . .

China.

Seeing the news, many investors were shocked.

Happy!

"Five percent? Will it go up again?"

"Cool!"

"Pride, Mian Xiao gave me money again."

"Ha ha!"

"..."

This means that the money is now transferred to the Burmese stock market. Even if you lie still, you will get 5% interest a year. higher than the bank.

Immediately.

The abacus chimed.

Dry!

"Hurry up and transfer some spare money and earn 5% while lying down."

"I feel that Myanmar stocks are going to rise."

"definitely."

"Another bull market is coming."

"..."

They can see this spread, how can others not? Once big money pours into Myanmar from abroad, the only place to go is the financial market.

stock market.

bond market.

It will definitely go up.

therefore.

Most people transfer their money, not lying there, but buying into stocks. I want to make a small profit in this wave of the bull market.

but.

Also hesitant.

"Really? Is it reliable?"

"It's definitely reliable. It's true that what I said from my own eyes is false? They control the Bank of Myanmar Group, and they said it on such an important occasion."

"There are so many big bosses to testify, it will definitely not be rhetoric."

"that is."

"..."

These doubts were quickly suppressed by public opinion. If others say so, they may hesitate. But who is it? the president of a country.

Founder of Myanmar Bank Group.

his words.

in Myanmar.

is the law.

is the law.

When it comes to a five percent increase at the end of the year, it is five percent. Whoever calls others' exchange rate is the central bank's decision. Say how much you can exchange for as much as you can.

Did not run.

then.

Many people followed suit. 5%, much higher than the domestic deposit rate. And one good thing about the stock account is that there are no fees for entry and exit.

Transaction fees are only incurred when buying and selling stocks.

a time.

Personal capital poured into Myanmar stocks like crazy.

. . .

same.

Big capital is the same. Investment institutions with financial licenses in Myanmar have mobilized funds one after another. Five percent is enough to attract them.

Ten billion dollars.

Make 500 million a year.

truth.

Already a good return on investment. The most important thing is stability and no risk. It's just a little helpless, there is a limit to the funds they can enter.

Want to brush Asian dollar arbitrage.

Can.

But the scale is limited.

Right.

In their view, the main purpose of Myanmar's actions is to build up Yayuan's confidence. It's not arbitrage for anyone, and all parties are allowed to set up 180 billion.

But more.

Forget it.

. . .

a time.

The influx of capital from all parties, together with the Burmese stock market, ushered in another wave of gains, almost all red. How many people see jealousy, envy and hate.

Currently.

Huaxia and Myanmar shares are interoperable. People from other countries who want to invest cannot open cross-border accounts for the time being, and can only find investment institutions. very troublesome.

therefore.

This is beneficial.

They can't fit.

certainly.

There is also a way to hold Asian dollar cash. A five percent increase in a year is considered an investment. There are many people who do this.

. . .

India.

north.

Lowe City.

Due to the close distance, it is directly next to Myanmar, and it has directly become a half-Yuan circulation area. Throughout the city, payments can be made in both rupees and Asian dollars.

and.

The latter is more popular.

Merchants are very happy to receive Asian dollars. Because the value of the Asian dollar is stable. keep going up.

its value.

accepted by more and more people. Due to its location on the border, many Indians convert a lot of money at home into Asian dollars and keep them in cash.

As for dollars?

never mind.

That thing is more difficult to get, and the average family can't see it. Asian dollars are much easier.

It turns out.

They earned.

In recent years, although the Asian dollar has risen by 30% compared with the RMB, the exchange rate of the Asian dollar against the rupee has risen by more than 40%.

In short: the rupee is falling.

Don't think about it.

It must be exchanged for foreign currency.

even.

Due to the large amount of private holdings, the printing is exquisite, and there are no counterfeit coins. In Loy City's daily currency payments, the proportion of Asian dollars is increasing.

to this.

Naturally, the Indian authorities will not sit idly by.

However.

do not forget.

Who are the people living in Loy City? Who are the investors? Those are big capitals and families with huge influence in India.

Obviously.

They are also willing to earn Asian dollars.

after all.

If the entry and exit compulsory exchange, then the Asian dollar can only flow into the central bank of India. They can only receive depreciating rupees in their hands, how can this be done?

then.

under the interference of various forces.

The Indian authorities can only give up, but only allow this one place to be so neat, it does not punish or encourage it, it is between legal and illegal.

If the Asian dollar were to circulate elsewhere, it would definitely be hit. After all, the legal currency of the country is also a kind of national sovereignty.

therefore.

The currencies of all countries have a collective name: sovereign credit currency.

Unless the national monetary system collapses.

otherwise.

Foreign currency will not be allowed to circulate.