Chapter 709 (1/2)

Subsequently.

At Tang Qing's command.

The gold and silver mines controlled by the soldiers immediately began to be busy.

The gold that has been mined and stored in the mining area. Silver deposits have also started the mode of crazy mining. It's true that soldiers have a lot of inventory during this period.

Among them, there are 49 large and small silver mines, with high and low reserves. The difference between the highest and the lowest is more than ten times. Many of them are still poor. But the purpose of this kind of mining is not to make money, but to obtain real gold and silver.

Therefore, as long as we don't lose money, even if we lose a little bit, the business will have to be done.

And the number of gold mines is much smaller, only 17, of which Algeria's gold production can top the sum of the other 16, or even more.

No way.

That gold mine in Algeria is too rich.

It has completely exceeded the industry's definition of rich ore and super rich ore.

In this way, gold deposits can only be found when the African continent was colonized before. Of course, it does not rule out that some people, like Tang Qing, found them but did not disclose them to the public. Instead, they secretly groped for them to make a fortune.

The lower the gold mine in Algeria, the higher the gold content. Tang Qing pointed to this thing and issued a large amount of collateral for the future issuance of the Asian dollar.

At present, people in the special economic zone of Myanmar and Asia will not hold kyat in their hands, because its depreciation is a bit fierce. It is declining every day. Although the range is not large, the depreciation expectation is true.

The devaluation of kyat will last for at least one year or more in this economic stimulus policy.

At the current rate of depreciation.

A year later.

I don't know if half of the kyat is now.

After all, it has increased the liquidity of more than one trillion RMB in the market. The domestic commodity market of Myanmar is not big, and the base of total money supply of Myanmar dollar is also low, which has a great impact.

So.

Many people in Myanmar have the need to change kyat into Asian dollar. The bank will definitely lose money, but Asian dollar has not been allowed to carry out banking business in other places in Myanmar, and they do not have enough channels to exchange US dollars and other foreign currencies.

Therefore, Yayuan has become the first choice, and many people in Myanmar have taken refuge in their assets.

This led to a large increase in demand for Asian dollar notes.

Langcai actually found out about this.

But there's no way.

Because the devaluation of the kyat is a fact and irreversible, it is no doubt that other people choose the Asian dollar. Anyway, the kyat is still the first legal currency of Myanmar. At present, the Asian dollar cannot be circulated in the special economic zone of Myanmar and Asia.

If you change it, change it.

Everyone is busy with the feast.

I'm not interested in this kind of behavior at all.

That's it.

It turns out that the Asian dollar banknotes have become the currency to keep the value of Myanmar currency, and gradually flow into the people of Myanmar. Although it is only personal reserves, not into the commodity trading market, but when there are enough, Myanmar dollar will be found.

Like the ants that etch bones, they can't be thrown away until... Swallowed by ants.

Of course.

It's impossible for Yayuan to eat Myanmar dollars in this way that ants steal rice.

That's a joke.

This is just a strategy to make the reliability and stability of the sub elements deeply rooted in people's minds.

The loan this time.

The devaluation of kyat will be between 25% and 30% in the next six months, and then the market will begin to stabilize, because the investment has been implemented and there is no reason for the bank to print money.

At that time, Myanmar will surely find a way to stabilize the value of kyat.

But in this half year.

The value of the Asian dollar is strong.

The kyat depreciated significantly.

What will ordinary people think of kyat? The most important thing is confidence. Once they lose confidence, money is paper. In other words, this half year is a period of self depreciation of kyat and a period of crazy demand for kyat preservation.

If there is no Asian dollar.

The kyat depreciates at will. Anyway, your people have no other choice. You have to use it, not use it.

It's like RMB.

People have no other currency to use, and it is very difficult to exchange US dollars to preserve their value. They can only invest in fixed assets and other hedging channels.

Once there is an alternative currency with stable value, then, compared with the large fixed assets, it seems to be a better choice to change the savings that a house can't afford into Asian dollars.

Lang CAI and others also saw this situation.

Yawon is craving territory in Myanmar.

But they don't have policies to stop it.

Ha ha.

Langcai is even happy to see why, because in their opinion, in this case, the more Asian dollars people exchange, the greater the loss of the bank.

For example.

If.