Chapter 757

It's also because Myanmar spends too much money these days.

There are also many investment plans in the future. As a result, its trade settlement with China has been greatly affected, and some restrictive measures have to be introduced. Otherwise, what langcai has to worry about now is not the printing of banknotes and the depreciation of the Myanmar dollar.

It's about running out of RMB reserves.

The currency problems faced by Myanmar and China are similar.

But Myanmar's ability to resist risks is much weaker than that of China.

China's foreign exchange reserves are large.

However, if foreign-funded enterprises want to withdraw a large number of profits from their investment, China's foreign exchange reserves will be a bit stretched. The current scale of domestic foreign investment represents the amount of capital that is likely to be withdrawn.

When these foreign funds leave, they have to be converted into US dollars.

That's how it works.

Are there many trillions of dollars in foreign exchange reserves?

Ha ha.

More what more.

If foreign enterprises transfer their profits back to their countries on a large scale, it is still a question whether the central bank has enough foreign exchange cash in its hands. If they fail to keep their balance, they need to sell a lot of US Treasury bonds, and it is not surprising that their foreign exchange reserves will shrink by half.

This is what happened in Myanmar now.

In China, billions of dollars is not a big deal now.

But now in Burma.

If Myanmar wants to go with hundreds of millions of dollars, it will have to have a headache and limit it, because the foreign exchange reserves in hand are too precious. In a former agricultural country, making money basically depends on selling resources and ploughing food in the field.

He managed to save money, expand production, invest in building roads and factories. Before he saw any profit, he let him continue to consume foreign exchange reserves. Lang CAI was very distressed.

So.

The Central Bank of Myanmar held a discussion with major Chinese enterprises.

Let this large amount of money stop in Myanmar.

In order to preserve the value.

It's changed to Yayuan.

It's on the Bank of Burma.

"I remember, didn't the Bank of Myanmar borrow from us? Well, a lot of money, more than 100 billion, isn't it good to use this money to transfer the stagnant funds of Chinese enterprises? " Liu Jin suggested.

Other economists have found it feasible.

The remaining funds are less than 10 billion yuan, and the loans in the hands of the Bank of Myanmar can fully support it.

But.

Yuan Yi helplessly shook his head, said: "no, they are spent."

That's the first thing to say.

They were shocked.

"What? It's all gone. It's impossible. "

"Yes, more than 100 billion, faster than that of Burmese flowers?"

"Yes, where did it go? It's only a few months. "

“。。。”

The meeting room exploded.

More than 100 billion yuan.

What's the concept.

You suddenly told me it's gone?

Yuan Yi motioned for everyone to be quiet and said: "originally, there was. The agreement we signed before was to loan in batches, but their investment was too large and too miscellaneous. A lot of money had been taken out and had to be allocated to various projects.

Moreover, they applied for a quick loan, and now there is less than 20 billion yuan left. They said that the money is the venture capital to maintain the company's operation and can't be moved. "

“。。。”

Faced with the speed of spending money.

What else can they say.

"There's no way. They don't have much RMB in their hands. In the short term, they have a trade deficit with China. The gap can be opened, but it shouldn't be too large. They have to set an upper limit. If it exceeds, they have to use their assets as collateral." Liu Jin pondered.

"I suggest that they can take out the 20 billion yuan to the cushion."

"It's easy for you to say. Will others like it? It's their real asset mortgage loan, and this time it's to help Chinese enterprises transfer their funds back home. The nature is different."

"We've helped them so much. It's not too much to ask for."

"It's not too much, but if other people need funds in the future, they don't want loans. It's useless. It's better to create another channel of funds. It's less than 10 billion, and it's not too much."

“。。。”

There was an argument in the meeting room.

One side thinks that it's time to start. Anyway, the total volume of trade between the two sides is expanding. At present, the situation in Myanmar is relatively stable. The development of the Special Economic Zone in Myanmar and Asia is good.

On the other hand, they think that holding the Asian dollar is very risky, which means that it may turn into waste paper at any time. Although the kyat dollar is a bit weak, it is at least the legal tender of Myanmar, and certainly not.

There are reasons on both sides.

Yuan Yi has been listening.

They quickly formed reports.

He didn't participate because he didn't make the final decision.

The significance of this kind of seminar is not to let experts discuss a reason, but to form a detailed risk assessment report to supplement facts and theoretical basis for leaders' decision-making.It is ultimately up to the top of the central bank to decide what kind of policy to implement.

The more reason, the more clear.

That's the situation.

In an hour.

The meeting is over.

Yuan Yi handed over the minutes of the meeting to his men.

Three in the afternoon.

A detailed research report of more than 20 pages was published.

Submitted to the leaders of the central bank.

The next morning.

At the meeting, the central bank decided to temporarily include the Asian dollar in the list of reserve currencies. In the future, the Asian dollar will be added to the Myanmar Special Economic Zone's trade settlement on the basis of the Myanmar dollar.

The result came into effect the next day.

Of course.

Lang Cai also needs to communicate, and Huaxia can't decide unilaterally.

For Huaxia's practice.

Lang Tsai did not say anything, but also expressed his understanding.

He doesn't understand. Myanmar's RMB reserves are not enough, and its US dollar reserves are also being consumed. A substantial depreciation of the Myanmar dollar is imminent. It's understandable for Chinese enterprises to find a new channel for capital outflow.

But that's good.

Let the Asian dollar ease the pressure on the Central Bank of Myanmar.

I'm also relieved.

As for the consequences and effects, Lang Tsai didn't care. It was only 10 billion yuan. Myanmar is now in a special period. The Asian dollar is a bit cheap, breaking his quota limit.

But China is a great country.

It won't give Yayuan a chance to take advantage at all.

Think of it.

Lang Tsai was relieved.

I'm still happy.

Because Huaxia's policy will quickly consume the RMB in the hands of the Bank of Myanmar, and even the US dollar and other foreign currency reserves in the hands of the Bank of Myanmar if possible.

In this way, the transfer of funds by private enterprises alone will be a headache for the Bank of Myanmar.

In the past, this part of the pressure was borne by the Central Bank of Myanmar.

Now we have a top pot.

Both Lang and Cai felt that zero was not in the right mind and asked Huaxia to do so.

。。。。。。

Myanmar Asia special economic zone.

Hearing that this part of non trade funds can be transferred back to China.

Many companies immediately took action.

Just one day.

Huaxia enterprises transferred back nearly 4 billion yuan. They exchanged all the Asian dollars in their hands to Huaxia Industrial and commercial bank, which has opened a branch in the Myanmar Asian special economic zone. Huaxia Industrial and commercial bank will cash this money out with the central bank.

Let the boss of these Chinese enterprises be mercilessly relieved.

Although the Bank of Myanmar said so.

It's no problem for you to change into RMB, but if you want to change RMB into Asian dollar again, it must be in the form of trade, which makes many businessmen who are optimistic about Myanmar Asia Special Economic Zone hesitate.

But most Chinese enterprises still choose to transfer the money back to the safe point..

This kind of semi free currency exchange mode is mainly to prevent someone from maliciously changing the Asian dollar of the Central Bank of China and failing to complete the task of stabilizing the reserve. Tang Qing specially added it.

We can't let people mess with it, and Huaxia also supports this kind of behavior. Now the future of the Asian dollar is uncertain, so it's better for both sides to control the degree of freedom of currency exchange.

That's it.

Tang Qing's Asian dollar reserve task has completed one.

What's left is... There are nine.

He turned his eyes on the neighboring countries again.