Chapter 1654

Myanmar.

Xin'an city.

A quiet teahouse.

They all sit around and drink tea. Tang Kai is not so generous. He takes out the tea from Tang Qing, so that these people don't always come to ask for it. It's not easy to refuse and make Tang Qing embarrassed.

"You say, this time, will inflation break out and money is worthless?"

I took a sip.

One head of a local family worries.

Just at the meeting.

I didn't dare to mention it.

But it doesn't mean that they don't care about the issue of large amounts of money and inflation. This is the basic financial knowledge. If there is more money, it's worthless. If so, it's disturbing.

"Why didn't you just ask."

"How dare you?"

"I dare not."

"That's it."

"In fact, you should look at it from a different perspective. As long as any country is in a period of rapid development, inflation is inevitable, but as long as the exchange rate fluctuates little, there is no need to be afraid."

"Inflation mainly refers to the decline of money purchasing power and the rise of domestic commodity and asset prices. But do you think it will happen when the prices of raw materials are not fully market-oriented?"

"No, in the special economic zone of Myanmar, for food, vegetables, meat and industrial raw materials, in order to stabilize the price of the end consumer market, the Bank of Myanmar group has been implementing pricing."

"As long as this mouth is not loose, the purchasing power of money held by people will not change too much. The price of rice last year was a kilo, and the increase in the first half of this year was not 3 percent."

"Ordinary people don't feel it at all."

"Wages are still enough."

"However, the stability of commodity prices is due to policies and pricing. But asset prices are rising, so inflation is not something we should be concerned about, it's a matter for ordinary people. "

"Exchange rate."

"That's what determines the absolute value of our wealth."

Miao Yin said.

I had a sip of tea.

Go on.

"The current fixed exchange rate system, which is directly decided by the Central Bank of Myanmar, plus foreign exchange control, will not change much in the short term unless someone shortens the Asian dollar."

"However, this road does not work for the time being. The Central Bank of Myanmar has not relaxed its lending policy to foreign capital, such as Soros's short selling of the Thai baht. Don't even think about it."

"In the future, with the increasing circulation of Asian dollar, floating exchange rate will definitely be implemented. There is no doubt about this, but it does not mean that our wealth will be greatly devalued."

"How to avoid devaluation?"

"First, of course, the exchange rate system."

"Secondly, there are several products of Myanmar Asia family that can earn a lot of wealth from other countries."

"In the end, it's us."

"Why let's go out? Why encourage investment in foreign trade enterprises, in addition to increasing the circulation range of the Asian dollar, is to let us make more money, form internal circulation, and protect the value of the Asian dollar. "

I heard that.

Some people have crooked heads.

I feel like I can't understand you!

Internal circulation?

What is the cycle?

Shake your head.

Miao Yin feels that these old friends use their brains to make money and seldom think about their intention of going to the peak. He also has a son in charge of economic policy design, and his vision is much higher.

"What is internal circulation?" Someone asked.

Miao Yin laughs.

"For example, in the past, if people didn't accept Asian dollars for importing wood, we had to give them foreign exchange. In this way, the foreign exchange reserves would be reduced and the ability to withstand the impact of the exchange rate would be reduced."

"Now, even if people are willing to accept the Asian dollar, they may turn to our central bank to exchange it for us dollars or euros. In this way, the foreign exchange reserves are still reduced, which is not much different from the previous ones."

"However, if we acquire this enterprise and settle accounts with Asian dollar, do we need to exchange US dollars when we get Asian dollar? No, we can hold it for a long time. "

"Once someone wants to short the Asian dollar."

"For example, if Soros shortens the Thai baht, in addition to his own funds, there must be those who follow suit, such as enterprises, individuals, financial capital, and foreign exchange management institutions of various countries that hold the Thai baht."

"When the wind blows, one side falls."

"It's dangerous."

"However, if an internal circulation is formed, the Asian dollar earned by our enterprises investing abroad will not join the ranks of selling after the trend, which will reduce the storm that speculators want to brew."

"Even the foreign exchange we earn can, in turn, cost the short sellers nothing."

Speaking of which.

Miao Yin can't help but feel the strength of this move.

Through the chamber of Commerce.

Tie everyone together.

Through expansion.

To improve the self-protection ability of Yayuan.

If these foreign trade enterprises controlled by them continue to expand, even if only one third of Myanmar's foreign trade demand is controlled by Myanmar Asian enterprises, it will have a huge effect.Anyone wants to be short.

We have to figure it out.

As long as one-third of the capital is stable, it is likely to affect the other one-third of the conservative capital, and the rest is hard to make waves.

。。。

Qingyan city.

Manor.

After listening to Miao Yin.

Tang Qing just laughs. There are still many smart people in the world. This deep-seated benefit has come to mind. Indeed, there is also a reason for them to acquire foreign trade enterprises.

Foreigners make money.

Many of them have gone in foreign currency, which is uncontrollable capital.

In the future.

Myanmar's Asian companies gradually control Myanmar's main imports, and the Asian dollar they earn is stable capital, which will not be affected by short capital, thus greatly maintaining the stability of the Asian dollar's exchange rate.

。。。

Tea house.

By such an explanation, everyone nodded at the same time.

Great.

I didn't expect to have this deep meaning. As long as they don't betray Yayuan, it's not easy for outsiders to shake Yayuan, and will they betray? Silly, who has nothing to do with digging his own grave.

Exchange rate.

It determines the absolute value of their wealth.

Protect Yayuan.

It's about protecting your core interests.

"But other holders will not."

In addition to enterprises and individuals.

There are also international financial institutions and foreign exchange management institutions in various countries.

"As long as the main commodity trade is settled, the problem is not too big. Generally, there are not many individual holdings. If financial institutions want to borrow Asian dollars from banks here, it's not that easy."

"As for the foreign exchange management agencies of various countries, it's a risk, which is also what we have to work hard for. As long as we are strong enough, we can make them worry more and not easily fall to one side."

On falling into the well.

Miao Yin thinks that the risk of the last party is not small.

It's very simple.

If you give someone a loan for a project, they will be in debt. Well, if they are in debt, they will have to repay it. If they borrow Asian yuan to repay Asian yuan, then of course they are willing to devalue Asian yuan, so that they can repay less in the future.

The depreciation is 20%.

That's 20 percent less.

The world.

It's just so cruel.

It doesn't matter that morality is just a kind of profit seeking behavior of capital. Because of this, their existence is needed.