Chapter 471: The First Coins
Fan Yang smiled: "It's still Mr. Li who has studied thoroughly." β
"Where, it's just a little opinion, today is your home field, and then it's up to you to perform. β
"I hope I don't mess it up. β
The forum will always come, and the forum officially began at 2 p.m.
The first guest speaker was the Minister of Finance of Kazakhstan, who spoke about monetary policy.
The audience suddenly became solemn, this is the most important thing, first of all, it is regrettable to announce that Kazakhstan will abolish the ruble and issue the first version of the national currency, the tenge, the first issuance of the amount of 8 trillion.
There was a lot of discussion in the audience.
This is the first coin.
Li Qilin, Jia Jingyuan, and Gao Lu sat together and said, "22 trillion, this number is still very conservative, right?"
Gao Lu smiled: "Look at how they calculate, the population announced now is 13.7 million, and the base currency needed per capita is almost two trillion, which is relatively conservative." β
Of course, Jia Jingyuan is a currency idiot, and he was stunned and couldn't speak.
Gao Lu showed his heart and explained: "There are three main reference aspects for the issuance of the first currency, one is the number of people, the total price of goods, and the estimated number of times of currency circulation, and the reserve of central bank reserves and government fiscal expenditures, which have a very complex set of algorithms, which need to be repeatedly approved. β
Seeing that the people next to him did not understand, Gao Lu said: "Let's take an example, suppose you are a king, with 2 million square kilometers of land and 13 million people, how should you manage it? If you want these people to work willingly, let the harvest of labor be worthwhile, let them have enough food to eat, and complete the construction, do you force them? β
"Then the question is, you need a batch of currency, but how much does it be issued? Infinite printing? It doesn't work, if there is too much currency, it will not be worth much, it will depreciate rapidly, prices will rise, the industry will shrink, it will cause inflation, and eventually it will go to a dead end. β
"So a benign currency is just enough to meet demand, no more and no less. β
Jia Jingyuan said with a smile: "It's interesting, I just pondered, isn't Kazakhstan poor, everyone has no money, so there will be money." β
Li Qilin said with a smile: "It's not interesting for you to just have money, the social productivity is not enough, the materials are insufficient, you can't buy things with money, and the currency will depreciate." β
Gao Lu nodded and said, " Macroeconomics has a precondition, this is must be understood, for the country, currency is not wealth, just a medium of payment, under the premise of sufficient resources, you must first consider stable prices and full employment, then it is necessary to have a reasonable division of labor, how many people are workers, how many people are farmers, without considering the premise of the market, assuming that your country is very dynamic, rich in resources, the 13 million people are fully employed, all by the state wages, according to the current Almaty monthly salary of 3,000 yuan standard, each person needs to pay 3,600 yuan per year, multiplied by the population base, the general issuance of three years, almost two trillion, to meet the basic circulation needs of the first issuance. β
Jia Jingyuan said with a smile: "Doing it for a long time is based on the number of heads." β
Li Qilin said: "At present, there is no reserve for credit currency, which is like this, currency issuance first considers the needs of domestic circulation, and the difference is made up for how much, but with the development of the economy, the gap between the rich and the poor will gradually become larger, and the quantity of commodities and the gross domestic product will be added." β
After talking about these two sentences, the exchange rate policy was announced on the stage, using a basket of currencies weighted algorithm of the floating exchange rate system, and the exchange rate of the US dollar, British pound, euro, ruble, Chinese currency, and US dollar is 1:371.
The benchmark interest rate and the central bank's reserve ratio were announced, the accession to the International Monetary Fund was announced, the governor of the Central Bank of Kazakhstan joined the member council, and IMF Managing Director Aymanga was invited to speak.
Naturally, the audience was noisy.
Fan Yang didn't feel anything, he didn't understand what he said, he just needed to know the stability of the currency.
Then we will move on to the formal presentation.
Sure enough, Li Qilin's topic was on point, and the first guest speaker was a professor of macroeconomics from the London School of Economics and Political Science, and the topic of the speech was "Potential Risks of Monetary Policy and Fiscal Coordination".
The title is huge, but the first sentence of the opening paragraph makes people laugh: "Almaty in June is bright and sunny in spring, flowers are blooming......"
As soon as I read through the script, the original 45-minute speech was finished in less than half an hour.
But it still received warm applause from the audience.
The second speaker, also from the United Kingdom, gave a speech entitled "Structural Upgrading and Healthy Development of State-owned Enterprises", talking about marginal effects and labor resources.
The third topic of the speech was "Output Budget and Economic Scale of Nonferrous Chemicals".
Although the topics of the lectures seem to be professional, most of them are also clichΓ©s, and the form of this level of forum is more important than the content, and many people in the audience doze off.
After grinding for a long time, it was finally his turn to be the highlight, the host on the stage introduced a private entrepreneur, took the microphone, and Fan Yang walked up.
The first few people in the front, Rory, talked for more than three hours, and the atmosphere in the venue was not as warm as before, the venue of more than 8,000 people was dispersed at least one-thirds of the time, the back row was empty, and the important leaders were almost gone.
But it still looks dizzy.
After the sparse applause, Fan Yang said tremblingly: "I feel very honored to be invited by Mr. Alarabi to Almaty, first of all, I want to express my gratitude, thank you for the trust of the leaders, but to be honest, I am really a little nervous." β
Fan Yang on the stage took out a tissue and wiped the sweat from his forehead.
How many people can be calm in the face of such a situation?
But nervousness is one thing, the effect of admitting it in person is different, the first few people are all reading from the script, and after sitting in the audience, seeing this young man actually wiping his sweat on the stage, he smiled knowingly.
Others burst into laughter.
But the atmosphere is much better: "Thank you, thank you very much for your tolerance of me, I'm a thick-skinned person, can you give me a little more smile that doesn't need money, plus 5 cents of applause?"
Most of the people in the audience were shocked, he gave a speech in Russian, and the effect of these words was very different, 5 cents of applause?
Given, given.
The applause from the audience crackled.
But in the eyes of others, it is very different, the welcome applause on the stage is a must, everyone has it, and after the speech, there will be another applause from the stage, which will be more face-saving.
But this person is so good, who can say two words and cause the audience to applaud warmly?
Gao Lu looked at it and was happy, Jia Jingyuan touched Feng Shuwen next to him with his elbow: "Look, there is a set, the person is a gold medal lecturer, this aura is different, the typhoon is in place, and the stage atmosphere is Hong Kong." β
Feng Shuwen wiped his sweat: "Yes, yes, who dares to applaud in an international forum......
The British professor who talked about monetary policy before, sitting in the audience felt deeply, really people are more dead than people, the Chinese on the stage seem to be nervous, but they have a special charm, secretly calling for learning, such ridicule, the atmosphere is much more relaxed.
Fan Yang on the stage didn't speak, was silent for a few seconds, and put his hand next to his ear: "This applause is not warm enough, I can't hear it, can it be more enthusiastic?"
How can anyone be so brazen? Most of them applauded.
"It's still not enough, if it's a little more warm, I wish everyone a thousand cups not to get drunk, stretch out the left hand of fortune, the right hand of success, and once again applaud warmly......" Fan Yang's tone was very calm, without any mood fluctuations, and after a pause, his palm was erected: "Go out and pick up money." β
Because of simultaneous interpretation, there will be a delay of three to four seconds.
A few seconds later, hearing this, and Fan Yang's serious expression, the people in the audience were completely amused.
Pity these foreigners are more sincere, where have you seen this kind of Northeast two-person routine?
This time, the crowd was enthusiastic and applauded.
In just two or three minutes, the main venue, which can accommodate more than 10,000 people, broke out into applause three times in succession, and the last one was extremely enthusiastic.
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