Chapter 360： Strictly defending the new Tuvalu

The news of the new currency in New Tuvalu spread all over the world in a short period of time. ΩNovel┡

For ordinary people, it is a very normal thing for a country to issue currency, and there is nothing to be surprised about.

But for many people working in the financial industry, this is something that has to be paid attention to.

Because there is a financial method called foreign exchange speculation.

But when these people who thought they could get considerable profits through the new Tuvalu currency, after understanding the situation clearly, they couldn't help complaining.

"Only SGD 2 billion? How can we play with it?" An executive of a certain fund began to complain in a regular meeting.

"This is still a small matter, the most important thing is that their new Tuvalu does not open foreign exchange business!" Another executive also complained, saying: "Now, except for the citizens of New Tuvalu, they can conduct foreign exchange business." In addition to the service of exchanging new currency, non-new Tuvalu citizens who want to exchange new currency must go to New Tuvalu, and then exchange the same amount of new currency according to their personal consumption budget.”

Someone suggested: "We can contact a group of new Tuvalu citizens and ask them to help exchange new currency. Although the total amount of 2 billion is relatively small, if we can grasp a part of it, we can operate it."

"You really think too much." Immediately someone retorted: "Let's not talk about how many New Tuvalu citizens we can contact, and how likely is this large-scale operation to be discovered. Let's talk about New Tuvalu Lu’s quota for citizens to exchange for new currency makes it impossible for us to obtain large quantities of new currency.”

"Quota?" Apparently someone didn't know the news, and couldn't help but ask, "What should citizens do if they want to spend a lot of money?"

"Large consumption can be done by swiping the card, and the amount of cash exchange is controlled." Someone explained: "If the new currency is in the account of a new Tuvalu citizen, there is no way to directly trade it externally, and it needs to be converted into foreign exchange. , to be able to trade directly.”

"So troublesome? Are the citizens of New Tuvalu willing?"

"Of course they are willing. When they use this new currency to spend in New Tuvalu, they can get extra points, and these extra points are related to the level of living allowance they can receive every month. How could it not be Would you like to?"

"This method is really clever." Someone said with emotion: "When he announced that the living allowance of each citizen could reach 3,000 US dollars per month, I have been waiting to see his jokes. Because when New Tuva After Lu's population reaches the million level, the monthly expenditure is simply an astronomical figure."

"He's not stupid! Look at the legal system and scoring system of New Tuvalu, how many people can receive the full living allowance?" An executive also admired and said: "Plus, Most of the industries in New Tuvalu belong to him, and the money given to the people will return to his pockets. Whether it is goods or public services, there are profits, just like the new Tuvalu The houses that Valuans live in now need to pay rent. In the short term, this is a loss-making business, but when the population of New Tuvalu increases to a certain number, his payment will become less and less. As the market grows, costs will come down and profits will go up.”

Another person answered, "Now, he directly prints the new currency. Whether it's living allowances or people's consumption, the money is all printed by him, and there is no need for additional expenditure at all."

The CEO of this fund company said: "You have all overlooked one point, that is, His Majesty the King of New Tuvalu has many high-profit industries. Such as VR glasses, or even derivatives of other 3D projection technologies, or It is silicon batteries, and these are about to become the necessities of human life. If the new Tuvaluans use these products, in fact, it is only equivalent to buying these products at the cost price. That is to say... the money he gives will eventually be Back in his pocket, and even more."

When others were about to continue discussing the cost of living allowances paid to the people every month by His Majesty the New Tuvalu King, someone cautiously said a word.

"Everyone, we... seem to have a meeting to discuss how to make a profit from the new currency of the new Tuvalu trip."

The others woke up in an instant. The content of the meeting was off topic, which shouldn't be what they, who claim to be social elites, should do.

"I don't think there is any need to discuss it." A senior executive said: "With New Tuvalu's current posture of strictly guarding against death, it is impossible for us to make profits by manipulating the market exchange rate of the new currency in a short period of time."

For these elites, it is not inconceivable that they ignore a country's official exchange rate and manipulate the country's market exchange rate to make profits.

In the financial industry, they are gods. Not to mention a small country like New Tuvalu, even Thailand was gnawed off a large bone by a financial giant back then, making the Thai baht almost useless.

The CEO of the fund concluded: "Now, what we have to do is to wait for New Tuvalu to officially open its foreign currency exchange business, or issue national debt, or even use new currency to import various goods from foreign countries. As long as There's a hole in their defense, so we can take a piece out of them."

There are many companies similar to this fund company, but these people have almost made the same conclusion.

Li Daniu, who was holding a routine meeting in the New Tuvalu Palace, didn't know how many people had his idea, but he could imagine it.

"Burnes, is there any problem with the current commodity prices and the exchange rate of the new currency?"

When Burns talked about his major, he was more confident than talking about other government affairs.

"Your Majesty, please rest assured that the method we formulated can be said to be the most stupid method in the world. But the most stupid method is the most effective method to resist financial attacks in a short period of time."

In fact, the current monetary policy of New Tuvalu is completely equivalent to a closed country with an internal self-contained system. Without an external interface, how could those foreign financial organizations get involved?

As for New Tuvalu, although there are some people who know the relevant knowledge. But also because of the limit exchange and the price bureau's regulations on the value of goods, there is no chance to start. The most important thing is that so far, almost all foreigners who choose to immigrate to New Tuvalu are people who did not do well in their original countries.

These people can't exchange 2 billion Singapore dollars together, so what is there to worry about?

"Although this method of strict defense is effective, it is still a solution to the symptoms rather than the root cause." Li Daniu ordered: "I hope you can introduce more detailed policies as soon as possible to fundamentally solve the problem of worrying about financial attacks~www .novelhall.com~ At the same time, we should encourage our existing citizens to start businesses. Only when the per capita income and consumption power increase can the gdp of the whole country rise. Relying on my own industry to drive the gdp of the whole country will not last long after all plan."

Hearing Li Daniu's words, the people participating in the meeting were ashamed. These people are the main leaders of the new Tuvalu government, and all their current funds are "borrowed" from Li Daniu.

Although the properties under Li Daniu's name are all registered in New Tuvalu, because of the privilege of the royal family, he does not need to pay a penny of tax at all. And counting on the current business climate in New Tuvalu, it is very difficult to pay the salaries of all government personnel through taxes.

Burns replied: "Your Majesty, please rest assured that we will do our best to develop the business of our New Tuvalu. Whether it is through enabling citizens to start businesses or attracting foreign investment, we will definitely make our New Tuvalu The total gdp of the country has grown by leaps and bounds."

"I hope you can give me a satisfactory answer." Li Daniu said solemnly: "But I need to remind you that some industries that can boost GDP must not be done, such as those that pollute the environment seriously. If any citizen wants to To make this kind of investment, it is entirely possible for them to build factories abroad and then switch to domestic sales.” (To be continued.)