Chapter 756

When this loan of more than 200 billion kyat was launched.

The news was immediately sent back home.

Early in the morning,

Beijing.

The central bank.

International division.

Yuan Yi, the person in charge, organized a seminar.

Major members of the Department, as well as some experts in economics and currency of the research institute were invited.

He gave Myanmar such a large loan.

Post loan risk control is a must.

But now the situation is a bit complicated. At present, there is no problem with Myanmar's economic development, but the currency problem suddenly highlights, which makes the leaders of a central bank have a big nod.

One country.

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

But it's like this in Burma.

As a minority currency, the Asian dollar is playing a more and more important role in the main currency circulation areas, even directly participating in economic activities, which makes them a little confused.

Just like the day when the Hong Kong dollar suddenly circulates in China and keeps its value, it's so incredible.

This has never been the case.

There is no precedent at all.

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

As a result of the huge inflow of Myanmar dollar into the market and the over issuance of Myanmar government, the devaluation of the domestic currency of Myanmar dollar began, which was within our expectation. The value of Asian dollar remained stable, which was also within our expectation.

However, what we didn't expect is that the Asian dollar has become a safe haven for Myanmar's domestic capital in the process of the Myanmar dollar. Because there is no way for Myanmar's domestic capital to reserve us dollars.

Later, they found that the Asian dollar could be freely convertible, so they took the Asian dollar as a hedge currency similar to the US dollar, and carried out a lot of exchange, making the Myanmar dollar participate in the domestic economy and savings activities.

This is not the most important. General commercial banks have deposit reserves for loans, and some of them must be turned over to the central bank to ensure the ordinary people's deposit and withdrawal, as well as the security of residents' and enterprises' deposits, and control the total amount of domestic currency flow.

However, the Bank of Myanmar does not have this restriction. They can lend out all the kyat they get. As a result, the market circulation of the kyat has completely exceeded the original expectation, and the depreciation of the kyat is expected to lengthen and deepen.

This is not only a domestic matter in Myanmar, but also has affected our import and export trade with China. Many domestic enterprises have joined in this kind of behavior to ensure their capital security.

The purpose of this meeting is to gather wisdom and discuss the impact it will have on the economy and trade between China and Myanmar, and even on the future economic development of Myanmar. We attach great importance to this issue. "

Yuan Yi first gave a comprehensive explanation of the current situation.

The experts here all look down at the documents in their hands. The more they look at them, the more frightened they are.

I feel like I'm crazy.

How to allow such a thing to happen.

"Before, there were restrictions on the exchange of Myanmar dollar and Asian dollar? When did you let it go An expert who has participated in the loan to Myanmar has searched through the documents in his hand, but has not found the answer to this question.

"This time is not sure. The Central Bank of Myanmar has not released relevant information, and we do not have the government work report of 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 estimation is that the major interest groups in Myanmar have made efforts to lift the limit together, so as to facilitate their asset preservation. We should know that the sum of the kyat in their hands is huge, and the banks in Myanmar will suffer serious losses.

The reason is also very easy to find. First, the Bank of Myanmar holds half of the right to allocate RMB, and the economic activities in the special economic zone of Myanmar and other places of Myanmar are increasing day by day. There are many possibilities. "

Yuan Yi's answer.

It's the same as not saying.

The experts looked at him speechlessly.

Yuan Yi is still calmly drinking tea, but also rolled his eyes, I do not know things, you ask me what to do?

After thinking about it, the expert asked, "the problem now is that without the restriction of deposit reserve, the demand for value preservation from all walks of life in Myanmar is strong, which leads to the huge amount of kyat owned by the Bank of Myanmar. However, the Bank of Myanmar is not willing to take the loss of devaluation and invest heavily. As a result, the domestic liquidity of kyat is completely out of control?"

"Yes." Yuan Yi nodded.

"If we go on like this, the inflation rate in Myanmar will be frighteningly high, and they will not fail to see that." The expert doubts a way.

Yuan Yi replied: "of course, he can see it, but now we think that Lang CAI has a bigger plan, and they have also tasted the benefits of economic stimulus. Now we give so much money that they will not use it.

Lang Tsai may want to work hard again, with the help of external forces, to complete the construction of Myanmar at one time, but it's all speculation, and the specific way is not known, but it can be seen from the excessive budget this time. "Another expert said: "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 also had to compromise and agree to this excessive budget plan."

"I also agree with this view. It may be the result of Lang Tsai's final compromise because he doesn't want to print money. He's afraid that this trend can't be stopped. After all, the power of interest groups is too strong." Another said.

"I don't agree. I don't think it's necessary to repeat the prestige of Lang Tsai in Myanmar. Even if he compromised, he would not compromise completely. Have you noticed that the loan limit this time is larger than the budget overrun. Is this a compromise decision made by Lang Tsai?" One has been silent, said Liu Jin.

When people listen to it, it's the same.

Compromise is OK.

However, Lang Cai's prestige is not so low that he needs to compromise unconditionally.

If it's not compromise.

If it's not the initiative mentioned before, it has other purposes.

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

Liu Jin thought for a moment and said, "I don't agree with the statement that Lang Cai wants to build in place at one time. Lang Cai is not like that. It's decided by his character. I think he has other purposes."

"What's the purpose?" Yuan Yi asked with great interest.

"Abolish the Asian dollar." Liu Jin said lightly.

This words, the meeting room fell into silence, abandoned Asia yuan, logically.. It seems to make sense.

Liu Jin went on to explain: "it is basically impossible for Lang Tsai to abolish the Asia dollar by executive order. Zero will not agree with it, and the Myanmar Asia Special Economic Zone will not agree with it. Because of their important strategic position and strength, Lang Tsai is unable to solve the Asia dollar militarily.

Then, only in the form of economy and currency can he realize that economically, the Myanmar Asia Special Economic Zone has completed the initial industrialization, bordered on the three countries, and the road is smooth. Economically, it is not restricted by langcai.

So it ended up in money.

The disappearance of the exchange limit during this period, as well as the current loans and possibly more loans in the future, are all the problems of langcai, which not only solved the development funds, but also solved an opponent

the result is self-evident, langcai has the opportunity and all the advantages, and he is still the orthodox of Myanmar, he will be the final winner, of course Without accident. "

"What accident?" Yuan Yi asked.

"That's a lot. There are still two years to go before Lang Tsai takes office. Two years later, the attitude of the new president towards Yayuan will not be certain. The longer the time is, the greater the variables will be. However, it is certain that Yayuan will be included in the Myanmar yuan system." Liu Jin shook his head.

When he said this, a little doubt flashed in Liu Jin's eyes, because Yayuan didn't seem to be a master waiting to die, and zero was not, but he couldn't think of any hope for Yayuan to win.

Yuan Yi was speechless.

He said a piece of rubbish.

We are continuing with today's other issues.

"Now it can be concluded that the construction and development of Myanmar will last for quite a long time. Our Huaxia company has won more and more projects. In addition to the RMB appropriation projects, all the other additional projects are converted into Asian dollars for the first time.

Due to the restrictions of the Central Bank of Myanmar, the money can not be converted into US dollars in large quantities. If it is 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 China.

The Bank of Myanmar is not the Central Bank of Myanmar. Although they have a lot of US dollars and other foreign currencies, they have no obligation to exchange foreign currencies for our enterprises. Therefore, the Bank of Myanmar proposed to our bank last week to open the free exchange of Asian dollar and RMB on a large scale.

In order to solve this part of China's enterprises to earn money stranded, unable to return to the problem. In this way, it is equivalent that we will officially regard the Asian dollar as a kind of foreign exchange reserve. What are your views and suggestions on this issue