Bangkok.

Headquarters of the Bank of Thailand.

Central Bank Governor Sonny stood upstairs watching the people marching through the streets.

His face was full of exhaustion, and his eyes were full of sadness and anger.

The Thai baht collapsed in its entirety.

When the central bank announced the implementation of a floating exchange rate system for the Thai baht, the Thai baht began to plummet.

In just one week, it fell from $23 to $1 to $38 to $1.

Unstoppable, the whole of Thailand was plunged into great panic and chaos.

After the collapse of the Thai baht, more than 100 foreign-funded companies have divested and relocated out of Thailand.

In Thailand, more than one-fifth of companies have declared bankruptcy.

More than two million people have lost their jobs and more than 300,000 have been left homeless.

Prices are skyrocketing, skyrocketing.

Food, daily necessities, daily necessities, industrial goods, all of them are skyrocketing.

The price has risen by almost half, and the Thai people are already overwhelmed.

The chaos is out of control.

Every day, thousands of crimes are committed across the country.

Robbery, theft, smuggling...

Even if Thailand's prisons are overcrowded, it still can't stop the rising crime rate.

Throughout Thailand, people are taking to the streets to demonstrate on their own.

Even in front of the Prime Minister's Office, surrounded by angry people.

In the face of growing chaos and widespread unemployment, people in Thailand have launched attacks and demonstrations against the Prime Minister's Office.

They shouted banners and banners holding up the blood-soaked head of Chavali.

"Get out of the way, damn embezzler. ”

"We're going to change the prime minister and let Chawalit get out. ”

"Get out of here, Chawalit, we don't need embezzlers like you. ”

"We want stability. The incompetent Chawalit has plunged the country into hell, and we don't need scum like you. ”

“......”

The Royal Thai Police has been dispatched.

But despite the use of a large number of tear gas, it has not been able to stop the onslaught on the Prime Minister's Office.

In front of the bank, there were also people who couldn't see the edge.

Every day, a large number of people take Thai baht to the bank to exchange dollars.

In the midst of the panic, the whole of Thailand is already in a panic.

All of this makes Sonny sad and angry, angry and blamed himself.

Blamed himself, as the governor of the Bank of Thailand, his duty is to ensure the security of the domestic monetary system.

However, during his tenure, the country's economic system collapsed entirely.

Sadly, he knew that the baht would collapse, but there was nothing he could do.

He watched as Thailand sank into hell step by step.

That's why Sonny has suppressed anger under sadness and self-blame.

Because he knows very well why Thailand has come to where it is today.

"Bang bang...".

There was a knock at the door.

At the knock on the door, Sonny had to put away his emotions.

He is well aware that any negative emotions are useless now.

Only by facing it bravely can Thailand be saved.

After a knock on the door, the Deputy Governor of the Bank of Thailand hurriedly walked in.

He was stunned.

Today's Sonny no longer has the heavy bearing of the past.

His hair was messy like straw.

A suit crumpled against his body.

The eyes are red like a rabbit.

Apparently Sonny hasn't had a break in a long time.

After a moment's pause, he had to speak.

"Sonny. You have to take care of yourself, you must not fall down now. ”

Sonny said with a wry smile.

"It's fine. How's the contact?"

Kuan hesitated for a moment, but finally sighed.

"As you might have guessed, we can't borrow any money these days. Except for Standard Chartered's response, all other banks rejected our request. What's even worse is that Sumitomo Bank and Fuji Bank also asked us to repay the loan we owe as soon as possible, otherwise..."

In the end, Kuan's words didn't bear to say more.

He understood, even if he didn't say it, Sonny understood what the consequences would be.

Sonny closed his eyes tiredly after listening.

These damn capitalists.

Now is the most difficult time in Thailand, but also the time when you need help the most.

But banks that have made a lot of money in Thailand are shrinking their loans at such times.

This is simply trying to drive Thailand to death.

The current floating exchange rate of the Thai baht can be maintained for a while with the central bank's reserves.

However, if you repay the loans from Sumitomo and Fuji, you will no longer be able to exchange the Thai baht in circulation.

If you can't get the money, the baht will completely sink into the bottomless abyss.

Fifty, a hundred, even sinking again and again like the ruble.

These damn bankers.

"Sonny. What should we do? No, let's turn to IFM for help. ”

IFM。

English name, International Monetary Fund.

That is, the IMF.

It was established in Washington on 27 December 1945 under the Articles of Agreement of the International Monetary Fund signed at the Bretton Woods Conference in July 1944.

It was established at the same time as the World Bank and is one of the world's two largest financial institutions.

Its role is to monitor currency exchange rates and trade among countries, and to provide technical and financial assistance to ensure the proper functioning of the global financial system.

The original IMF was part of a reconstruction plan after World War II.

Subsequently, in order to create a more stable financial system, the IMF established the Special Drawing Rights of Member States in 1969.

This SDR is allocated on the basis of the share pledged by Member States.

In the event of a balance of payments deficit, a member country can use it to exchange foreign exchange with other member countries designated by the IMF to repay the balance of payments deficit or repay IMF loans, and it can also be used as an international reserve in the same way as gold and freely convertible currencies.

Thailand is also a member of the International Monetary Fund.

So Thailand also has the right to this SDR.

And now, in the case of overseas commercial banks forcing debts, the best thing to do is to apply for a bailout from the IMF.

From a financial point of view, there is nothing wrong with this proposal.

But Sonny, after thinking about it for a moment, shook his head.

He spoke.

"We can't go to the IMF unless we have to. ”

Excused himself, he wondered.

"Why?"

"Although IFM is a third-party institution, if we apply for SDRs, we will inevitably be subject to various monitoring restrictions. ”

"That's better than going on like this. If you don't stabilize the baht as soon as possible, you will be in big trouble. ”

"I know. But once we accept the aid, everything in our country will be exposed, and the price is too great!"

“......”

Kuan was silent.

He already understood what Sonny was trying to say.

Although IFM is a third-party financial institution, in principle, it is in the most impartial position.

However, just because an institution is neutral and impartial does not mean that the people in the organization are also impartial and neutral.

Thailand receives IFM assistance and is required by IFM to be regulated by IFM in accordance with the agreement.

This regulation is very demanding.

From fiscal revenue to trade and exports, to all economic operations, IFM must be tracked throughout the process.

However, once these things fall into the hands of other countries, they will form a great hidden danger to Thailand's future development.

After thinking about this, he sighed widely.

"So what do we do now?"

"You just said that Standard Chartered Bank has responded, how did you respond? ”

Under Sonny's questioning, Kuan's expression became a little strange.

After a long time, he spoke.

"Standard Chartered is willing to lend us USD at the peer rate. amount, within four billion dollars. However, I always felt that there was something wrong with this. ”