Chapter 128: A loss of

Chapter 128: Chapter 128: A loss of Feng Yiping was a little surprised. These days, Lin Hui seemed to have become much more serious. She often came to him with questions. Had she really changed her ways? But that really wasn't like her!

It was just a question about calculating friction, and he had already explained it twice. Lin Hui still looked like she didn't understand. If it weren't for the people around them, he would have told her directly to go do something more promising like flirting, because studying was really not for her.

Lin Hui was a delicate person, and of course she could sense Feng Yiping's impatience sometimes, but she still came over with the question. Feng Yiping didn't think much of it, because he was not narcissistic enough to think of himself as a piece of meat.

Finally, it was time for the holiday. Xiao Zhijie didn't want to go home that day either. At noon, Feng Yiping had just made one of his signature dishes, a very high-sounding name, 'Xiao Feng's Air, Land and Sea Three-Dimensional Stew'. The hodgepodge uses chicken frames to make the soup, and then bacon , fresh pork, mushrooms, tofu, yuba, dried shrimp, kelp, etc., and of course a few chestnuts, and then stir-fry it all together, finally topping it with a layer of greens, sprinkling on a layer of vermicelli, and adding spring onions, garlic and various seasonings to finish.

He bragged that it had all the delicacies from the mountains and the sea, grown in the ground, borne by the trees, swimming in the river, drifting in the sea... everything, so it was called 'a three-dimensional stew from land, sea and air'.

This dish was quite popular with the three of them because it was easy to make and tasted pretty good. It was steaming hot and exuded a fragrant aroma. As the pot was just brought to the table, before anyone started eating, they heard someone knocking at the door.

'Needless to say, it must be your father, and maybe your mother has followed.' Feng Yiping said to Xiao Zhijie as he walked away. But when he opened the door, he saw a post office worker with a cap, wearing a dark green uniform and carrying a large bag. He was holding a registered letter in his hand and said, 'Is Feng Yiping here?'

'I am.'

'There is a registered letter for you. What's going on? Why has no one been home these few days? This is already the third time I've come.'

'Sorry, brother, I'm at school during the day, I've caused you trouble, why don't you come in and have a cup of water?' Feng Yiping politely asked.

The postman just muttered a few words. He thought Feng Yiping's home was the hospital. In such a small town, it might be an acquaintance after a few turns. Although he had some opinions, he didn't want to say anything too much. He shook his head, took the receipt and left.

Feng Yiping looked at the envelope and saw that it was from Dacheng Law Firm. He guessed that it was probably about the division of profits and that the first batch of audio-visual products should be launched on the market.

Sure enough, it was about this matter. The first batch to be released had already been produced. According to the agreement, after deducting their agency fees, Feng Yiping would receive more than 30,000 US dollars. However, at present, domestic foreign exchange settlement is mandatory. Feng Yiping was asked what he should do about this matter, whether the money should be remitted in or what to do.

Feng Yiping then vaguely remembered that starting this year, the country had implemented a foreign exchange system reform and introduced a compulsory foreign exchange settlement and sales system. Not to mention individuals, the vast majority of enterprises could not keep foreign exchange accounts. As long as there was foreign exchange coming in, it would generally be directly converted into RMB at the exchange rate of the day.

His bank happened to be the Bank of China, which also saved the bank a procedure by being directly bought by the central bank to accumulate national foreign exchange reserves. It is estimated that his passbook now only shows RMB deposits, and he does not know at what exchange rate they were calculated for him.

In a way, this system was probably forced upon the country. Searᴄh the Nôvel(F)ire.ηet website on Google to access chapters of novels early and in the highest quality.

Broadly speaking, a country does not lack its own currency, as it can simply print its own. The key is whether these banknotes can be used internationally. For example, if we use RMB to buy an airplane in Europe or America, and if they accept it, then there would be no need for this system.

However, this dream of internationalising the RMB had not yet come true before Feng Yiping was reborn, let alone now.

It seems that even earlier, the use of foreign exchange required the signature of our beloved Premier Zhou Enlai.

Therefore, the mandatory introduction of such a system is very beneficial to the country. While bringing in a large amount of foreign exchange, it also erects a barrier for the domestic financial market, preventing it from experiencing the kind of economic crisis that Southeast Asian countries suffered from a few years later.

Of course, there are also many disadvantages. For example, it seems that as of November 2001, there were only a few hundred companies that could have foreign exchange settlement accounts, which shows how strictly they were controlled.

In addition, the central bank ended up with trillions of dollars in foreign exchange reserves. That old guy Alan Greenspan, whenever something happened, would immediately resort to the magic weapon of 'monetary easing'. If the US dollar depreciated by, say, 14 parts per million, then on average, every citizen of our country would lose at least one US dollar.

Of course, this does not offset the part of the investment income. With such a large amount of foreign exchange, the central bank of course will not just let it sit in the vault and gather dust. It must have invested it, and it must have made money.

As for ordinary people, the most inconvenient thing is that when going abroad, they can now only exchange a maximum of 1,000 US dollars or the equivalent in other foreign currencies when going to Hong Kong, Macao and other places. Outside Hong Kong, Macao and Taiwan, they can only exchange 2,000 US dollars or the equivalent in other foreign currencies. As for the capital account, just wait and see.

He really lost out on this matter. If he had withdrawn it before this and exchanged it with someone else, he would have got at least ten times as much.

There will definitely be more than one split this year, so let's just leave it for now. During the summer vacation, I'll find a way to open an account in Hong Kong and directly deposit it there.

On Sunday morning, the three musketeers rode their bikes, chasing each other towards the town. Feng Yiping went to the post office, and the other two accompanied him.

Actually, it's fine in the countryside. You can send registered mail and make phone calls. But the owners of those public telephones in the countryside are always there, and you're just a teenager. Do you want to be laughed at for talking about hundreds of thousands of dollars on the phone? So it's better in the town, where the post office and public telephones are in small cubicles.

When the call was made to Cai Hong's store, Mei Yiliang was already waiting there. 'Are you ready to buy a building?' Hearing his nephew say this, he asked twice. When he heard Feng Yiping tell him to tell Feng Zhenchang and the others to also look at houses in the province and get ready to buy the right ones, he completely lost his composure.

'How much money do you have now?'

'About 300,000 yuan,' Feng Yiping looked outside the cubicle and whispered.

'More than 300,000?!' When he said this, Mei Yiliang felt his throat go dry. Are you sure you didn't look at it with an extra zero?

On the way back, they stopped by their third uncle's house. Grandpa, two uncles and three aunts were all there, busy making noodles. The three of them stayed for lunch and when they left, they took a big basket of noodles with them.

What is the noodle head? It is the part of the dried noodles that gets tangled in the chopsticks stuck in the holes on the rack when the noodles are stretched out on the rack. The chopsticks have a hole in the middle and are thicker at the sides. This part of the noodles is cut off when they are finally served. They took them back home just in time for breakfast.