Chapter 359： SGD question?

When the press conference was held, the conference room with 300 people was already filled with journalists from all over the world. Almost all of these people were arranged by their own media to stay in New Tuvalu. ┡Fiction┡

When Li Daniu stepped onto the rostrum, the reporters at the scene raised their hands in unison, wanting to ask questions.

"I'm sorry." Li Daniu smiled and said, "The time for questions is not up yet. It will be time for questions after I announce the relevant information about the New Royal Bank of Tuvalu."

Many reporters immediately put down their raised hands, took out relevant equipment, and prepared to start recording.

Li Daniu said: "The Royal Bank of New Tuvalu is a bank jointly controlled by the new Tuvalu royal family and the new Tuvalu government. It is neither a state-owned bank nor a private bank."

So what is its nature?

"The Royal Bank of New Tuvalu has the power to issue the legal tender of New Tuvalu according to the mint law promulgated by New Tuvalu."

Who doesn't know that the new Tuvalu government has the final say?

"According to the relevant provisions of the New Tuvalu Currency Law, in the short term, the legal currency of New Tuvalu, that is, the foreign exchange rate of the new currency, will be regulated by our new Tuvalu government. At present, the new currency formulated by our government is against The exchange rate of the U.S. dollar is 1:1, and the exchange rate of other countries' legal currencies will be used as a reference, but it will not be completely referenced!"

Are you, New Tuvalu, planning to let this currency circulate only in New Tuvalu?

When Li Daniu introduced the relevant information of the New Royal Bank of Tuvalu, the reporters in the audience began to complain crazily in their hearts. However, even though these reporters had many doubts, none of them dared to interrupt Li Daniu's speech regardless of the order of the venue.

In New Tuvalu, disrespecting the king is a serious crime. None of these reporters would know the cause of the previous diplomatic incident between Tuvalu and Japan.

After Li Daniu announced that it was time for questioning, all the reporters raised their hands in unison.

A reporter who was pointed out asked: "Your Majesty, I am a reporter from... May I ask, in the composition of the shares of the New Tuvalu Royal Bank, how much does your royal family and the government occupy?"

Although we all know that Li Daniu, the king of New Tuvalu, has the final say on the current government of New Tuvalu, this issue still deserves attention. Because so far, Li Daniu is the only one in the royal family of New Tuvalu. Many people have expected that if something happens to Li Daniu, then the government of New Tuvalu will be completely independent.

"This is a commercial secret, so it is not convenient for the New Tuvalu Royal Bank to announce it when it has no plans to raise funds or go public."

Before the reporter was ready to ask questions, Li Daniu ordered another reporter.

"Your Majesty, as we all know, the legal value of currency circulation depends on the economic strength of the country represented by the traveler. What is used as a guarantee for the currency of your country? As far as I know, your country's current taxation is almost zero. , and the government has no related industries.”

Li Daniu replied: "That's why we established the New Royal Bank of Tuvalu. When the government does not have a corresponding economic strength base, the royal family I represent will provide guarantees for the currency. In addition to preparing a considerable amount of gold reserves In addition, the ownership of all the land, infrastructure, and buildings in New Tuvalu that I own will be included in the Royal Bank."

Hearing Li Daniu's explanation, many reporters finally understood why he said just now that the share composition of the New Royal Bank of Tuvalu is a commercial secret. Obviously, after Li Daniu has contributed so much property, the government, which is poor and completely dependent on Li Daniu's support, must hold very few shares.

Even, if the amount of debt owed to Li Daniu by the new Tuvalu government is counted, the shares owned by the government will definitely be mortgaged to Li Daniu in some way.

Many reporters couldn't help asking, since this is the case, why do you have to say that the government also owns certain shares?

Just to put on a good-looking dress?

Another reporter asked: "Your Majesty, most of the current international exchange rates are determined according to market rules. Will your country force the exchange rate of the Singapore currency to cause other countries to refuse to recognize it?"

"As you said, the market has rules." Li Daniu said: "Whether the international market will recognize the new currency, let the market verify it."

Li Daniu is not worried about this. In fact, when the country is issuing currency, it is not uncommon to force the exchange rate with other countries' currencies. Many countries, including Huaxia, have related policies, which are commonly known as official prices.

"Your Majesty, I noticed just now that after applying for the new card, the citizens of your country directly received the new currency equivalent to the US dollar, which is the living allowance for the new Tuvalu citizens that you stipulated before." A reporter asked this question Many people are concerned about the question, saying: "So, how can you guarantee that the monthly living allowance of US$3,000 promised before will have the same purchasing power after being converted into the equivalent amount of new currency?"

"What I want to explain is that this policy of exchanging U.S. dollars for new currency is not mandatory." Li Daniu explained: "If a citizen does not like the new currency, he can receive the equivalent amount of U.S. dollars. Or, use the new currency Currency is exchanged for U.S. dollars at the official exchange rate. In this case, the purchasing power abroad will not change at all.”

"As for the purchasing power in our country, our newly established price bureau will carry out a pricing plan based on the purchasing power of the US dollar for all commodities on the market. Even if you use the new currency to buy, you can also get a certain degree of discount , so there is no need to worry about our domestic purchasing power.”

"Also, what I want to say is that the U.S. dollar may also depreciate, and the exchange rate of the Singapore currency against the U.S. dollar cannot remain unchanged. Let the market verify all of this."

Another reporter got up and asked, "Your Majesty, what is the first batch of currency issued in your country?"

"The amount of the first batch of currency is 2 billion Singapore dollars."

The printed currency is not equivalent to the numbers in the bank. The annual GDP of the United States is more than ten trillion U.S. dollars, but the U.S. dollars circulating in the global market are only a few hundred billion U.S. dollars.

Judging from the current population and spending power of New Tuvalu, the real currency of 2 billion Singapore dollars is more than enough.

"Your Majesty, as we all know, almost all banks with currency rights will not be involved in foreign business. Is the Royal Bank of your country going to break this routine?"

Li Daniu laughed and said: "In view of the national conditions of our new Tuvalu, we can only take the road with the characteristics of a new Tuvalu. Because there are no other countries with similar national conditions to our country, so what you said is not a common practice."

After answering a lot of questions, even with Li Daniu's current physical fitness, his mouth was a little dry. But apart from him, there is no one else in New Tuvalu who can host this press conference.

Neither the current Governor of Royal Bank nor Prime Minister Burns can fully represent the new Tuvalu government and Royal Bank.

After the press conference ended, many reporters went back to catch up on their manuscripts. Li Daniu, on the other hand, started a new round of Internet TV speeches, conveying the message of the new Royal Bank of Tuvalu to all new Tuvalu citizens once again.

For those foreign immigrants who were already a little panicked after getting the news, Li Daniu's speech on the Internet TV was tantamount to giving them a shot in the arm.

It can be exchanged for U.S. dollars at any time, and can get a certain degree of discount under the same purchasing power as U.S. dollars.

This is simply their majesty the king, giving them benefits again.

Li Daniu, who returned to his office, asked: "How do citizens respond to the new currency?"

Burns replied: "According to the relevant information, the vast majority of citizens are very supportive of our preferential policies. After all, it takes time for them to get the government's score. But if they use the new currency, You can add different degrees of points according to the amount of consumption.” (To be continued.)