Chapter 760

Myanmar also spent too much money in this period.

And then there are many investment plans, which have led to a considerable impact on its trade settlement with China, and some restrictions have to be introduced. Otherwise, now langcai's headache is not printing money and devaluation of kyat.

It's about running out of Yuan reserves.

The currency problems faced by Burma and China are similar.

It's just that Myanmar's anti risk ability is weaker than China's, I don't know how many times.

But China's foreign exchange reserves are large.

However, if other people want to withdraw a large amount of profits generated by the investment of foreign-funded enterprises, China's foreign exchange reserves will be a little stretched. At present, the size of domestic foreign investment represents the size of funds that may be withdrawn.

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

This is the calculation.

How much foreign exchange reserves are there?

Ha ha.

What's more.

If foreign enterprises transfer profits back to their country on a large scale, it is still a problem that the central bank has enough foreign exchange cash. It is not surprising that the central bank needs to sell a large amount of US Treasury bonds in an uneven way, and that the foreign exchange reserves will shrink by half.

This has happened in Myanmar.

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

But now in Burma.

For hundreds of millions of US dollars to go, Myanmar has to have a headache and limit it, because its foreign exchange reserves are too precious. A former agricultural country basically relies on selling resources and digging food in the field.

It's not easy to save money, expand production, invest in building roads and factories, and let him consume foreign exchange reserves before he sees profits. Lang CAIDE is heartbroken.

So.

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

Let this large sum of money stop in Burma.

To preserve the value.

It's changed to Yayuan.

It stopped at the Bank of Maine.

"I remember the Bank of Maine didn't lend to us? So a large amount of money, more than 100 billion, is it not good to use this money to transfer the retention funds of Chinese enterprises? " Liu Jin suggested.

Other economists are finding it feasible.

This time, less than 10 billion yuan of money was left behind, and the loans in the hands of the Bank of Myanmar and Asia could be fully supported.

But.

Yuan Yi shook his head helplessly and said, "no, they're all finished."

As soon as that is said.

They were shocked.

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

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

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

“。。。”

The meeting room was fried.

More than 100 billion yuan.

What concept.

Did you suddenly tell me?

Yuan Yi motioned to everyone to be quiet and said, "there was a loan in batches, but their investment was too large, too miscellaneous, and a lot of money had been withdrawn, which was to be allocated to various projects.

And they have applied for a fast loan, and now there is less than 20 billion yuan left. They say that the money is the risk capital for maintaining the company's operation, which can't be moved. "

“。。。”

Face the speed of spending.

What else can they say.

"There's no way. They don't have much RMB in their hands. In the short term, they also have a trade deficit with our country. They can open their mouths, but they shouldn't be too big. They have to set a ceiling. If they exceed that, they have to use their assets as collateral." Liu Jin said.

"I would suggest that they could take out the 20 billion yuan and put it on the mat."

"It's easy for you to say, will others be willing? This is their real gold and silver asset mortgage loan, and this time it is to help Chinese enterprises to transfer funds back to China, which is different in nature."

"We've helped them so much, and we shouldn't ask too much."

"It's not too much, but if other people need funds in the future, they don't need loans, which is equivalent to doing no work. It's better to have another fund channel, less than 10 billion yuan, not too much."

“。。。”

The meeting room broke into a dispute.

On the one hand, what a big deal it is to open up. Anyway, the total volume of trade between the two sides is constantly expanding. At present, the situation in Myanmar is relatively stable. The development of the special economic zone of Myanmar and Asia is good and cannot be lost.

On the other hand, it is believed that there is a great risk of holding the Asian dollar, which means that it will become waste paper at any time. Although the Myanmar dollar is weak, at least it is the legal currency of Myanmar coin, which can't be reversed.

There are reasons on both sides.

Yuan Yi has been listening.

His staff 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 the experts discuss a result, but to form a detailed risk assessment report, which can supplement the facts and theoretical basis for the 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 argument.

This is the case.

An hour later.

The meeting ended.

Yuan Yi handed the minutes of the meeting to his subordinates.

3 p.m.

A detailed research report of more than 20 pages will be published.

To the central bank's leaders.

The next morning.

At the meeting of the central bank, it was decided to temporarily include the Asian dollar in the list of reserve currencies. In the future, the trade settlement with the special economic zone of Myanmar and Asia has increased the Asian dollar currency on the basis of the Myanmar dollar.

The result came into effect the next day.

Of course.

Langcai's side also needs to communicate, and Huaxia can't decide unilaterally.

For China.

Langcai didn't say anything, but also expressed understanding.

He doesn't understand that. Myanmar's RMB reserves are not enough, and the US dollar reserves are also being consumed. Myanmar's dollar is depreciating by a large margin. It's no fault that Chinese enterprises are looking for a new channel for capital outflow.

But that's good.

Let the Asian dollar ease the pressure of the Burmese central bank.

I'm relieved.

As for the consequences and impact, Lang Cai didn't care. It was only 10 billion yuan in total. Myanmar is now a special period. The Asian yuan is a little cheaper, breaking the limit he set.

But China is a great country.

Won't give the Asian dollar a chance to take advantage.

Think about it.

Langcai was relieved.

My heart is still full of happiness.

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

In this way, the capital transfer of private enterprises alone can give the bank a headache.

Previously, this part of the pressure was all borne by the Central Bank of Myanmar.

Now we have a top pot.

Lang Cai thinks that zero is a brain teaser, and asks Huaxia for it.

。。。。。。

Myanmar Asia special economic zone.

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

Many companies act immediately.

Just one day.

Chinese enterprises have transferred back nearly 4 billion yuan, and they have all changed their Asian yuan to the industrial and Commercial Bank of China, which has opened a branch in the Myanmar Asia special economic zone. The industrial and Commercial Bank of China will find the central bank to cash this money.

Let the bosses of these Chinese enterprises take a deep breath of relief.

Although the Bank of Maine said.

It's OK for you to change RMB into Asian yuan, but if you want to change RMB into Asian yuan, it must be in the way of trade, which makes many businessmen who are optimistic about Myanmar Asia Special Economic Zone hesitate.

But most Chinese enterprises still choose to transfer money back to a safe place..

This kind of semi free currency exchange mode is mainly to avoid someone maliciously changing the Asian yuan of the Central Bank of China and completing the task of unstable reserves. Tang Qing added it specially.

We can't let people mess about, and China also supports this kind of behavior. Now the future of the Asian dollar is not clear. It's better for both sides to control the degree of freedom of currency exchange.

That's it.

Tang Qing's task of Asian yuan reserve has been completed.

The rest... There are nine in particular.

His eyes were once again on the surrounding countries.