Chapter 843 (1/2)
On the morning of September 25, the National Bureau of statistics released the GDP, economic aggregate and other data of new China in the first half of 2018, proposing that the increasingly large domestic market of new China is enough to support the issuance of domestic currency.
In order to cope with the fluctuation of international exchange rate market, it is necessary for the new state to price its products with its own currency.
As soon as the report came out, smart people immediately heard the news. It was the new government building momentum for issuing its own currency!
Sure enough, shortly after the publication of the report, the futuren group came forward to support the initiative.
At the same time, the future people's Bank of China, together with a number of domestic banking enterprises, announced the establishment of the ”United savings General Administration of the people's Republic of China” and issued currency named ”Singapore dollar”. It is planned to completely get rid of the situation of using foreign exchange as currency in China by the end of 2019.
The currency issued is mainly 1, 5, 10, 20, 50, 100 yuan six denominations.
The initial issue of S $50 billion was guaranteed by precious metals and foreign exchange with a total value of US $54.1 billion. It was mainly put on the market in the form of loans. At the same time, it opened the channels for domestic citizens to exchange currencies. After that, S $50 billion will be put into the market one after another to ensure that the total amount of money is 100 billion.
Considering that the currency has just been issued and the foreign exchange reserves of the people's Bank of China are still sufficient, the new Federal Reserve has temporarily adopted a fixed exchange rate system, that is, the exchange rate of S $1 to US $1 is stipulated, and the Singapore dollar is floated around the current exchange rate through foreign exchange reserves.
After the currency stabilizes, the new Federal Reserve will gradually liberalize monetary policy and transition to a floating exchange rate system in which the value of money is determined by market supply and demand.
As the largest shareholder of the new Federal Reserve, the first president of the new Federal Reserve is David Smith, President of the future people's Bank, and the vice president is elected by the vote of other banks in the new country.
It is easy to say about finance, but it is quite troublesome to operate it. In line with the principle that the technology is specialized, Jiang Chen entrusted the specific matters of the new fed to Mr. Smith. He believed that the former Citibank executive would not fail to live up to his expectations.
The issue of currency by a small country in the Pacific has not caused any great waves in the international scope.
However, compared with the indifference of the international media, the new country has raised a wave of support for its currency from the top to the bottom with the help of the media. Driven by futuren group, the shelves of many shopping malls are labeled with SGD one after another, and customers who use SGD to buy goods are given a discount of 9-20%.
In Penglai City, SGD is added to the personal electronic accounts of urban residents, and a ”one click exchange” button is provided.
In order to reduce the cost of tourism, many tourists choose to exchange US dollars, soft currency, ruble and other domestic currencies for consumption. However, many foreigners are quite confused about the new yuan.
”Singapore dollar? With coconuts? ”
”Maybe it's rubber or shells. (smiling face) ”
” why can't we use US dollars directly? A small country with a population of only one million has to issue its own currency. I see no benefit except that it becomes more troublesome to pay the bill. ”
”Maybe it's because the chairman of futuren group wants to print his picture on the money? In order to achieve this goal, it seems that he can not think of a better way
Miscellaneous ridicule, occasionally can be seen in the comment area of relevant news. Although people don't care about the new fed and SGD, they are still very interested in the future people group itself.
The self-made businessmen can not only control the offshore countries, but also issue their own currency, which is also very powerful.
Numerous capitalists and businessmen regard Jiang Chen as their goal of struggle, and countless aspiring youths regard him as a beacon to illuminate their own life path. Fortunately, Jiang Chen didn't know this. If he did, he would laugh.
Nima, can I copy my success?
If you want to copy it, make a jump Bracelet first!
……
No work on Saturdays.
At 8:00 a.m., Natasha fell asleep and came out of the room with her sleepy eyes rubbing. She happened to meet Jiang Chen, who came out of the bathroom.
”Good morning.”
”Ha Oh, good morning
Hit hachet, Natasha to Jiangchen back, around him to the bathroom.
After washing, he came to the dining room, and there were sandwiches and milk on the table.
The Freemasons, trapped by Russia on the issue of Ukraine, have no action on Jiang Chen for the time being. This day is also a rare leisure. Although the two sides are still fighting in Madagascar, Africa is still a long way from Asia.
Picking up a sandwich, Natasha laid her arm lazily on the table, one hand holding her side face, blue eyes suspiciously looking up and down at Jiang Chen.”It's strange. Why did you get up so early today?”
And in formal clothes.
Who gets up early in the morning and wears formal clothes? And it's still on the weekend?
Hearing Natasha's question, Jiang Chen's mouth was filled with pride. He cut his collar, squeezed his eyebrows and said with a smile.