If it weren't for rebirth, if it wasn't for personal experience, no matter how much information and jokes he read, Zhang Chen couldn't believe how greedy and crazy the upper echelons of Rakshasa were in this era.

On the evening of December 28, the first day of the first meeting of the Paris Club in the fourth quarter, the Rakshasa delegation had just been negotiating with the Paris Club for two hours, and the news came that the Rakshasa senior management had collectively withdrawn and the negotiations had failed.

Rakshasa cut off his only way to survive with his own hands.

The Paris Club is not an official organization, but an international informal organization of twenty of the richest (in absolute terms) countries in the world. Its main role is to mediate debt disputes between creditor and debtor countries by proposing debt restructuring and debt relief programs.

Rakshasa is also one of the members of the Paris Club, before Yeliqin participated in the meeting, he originally had high expectations for the Paris Club, so he went to Paris in person, but he did not expect to be poured cold water at the beginning of the negotiations.

In addition to the Rakshasas, the Group of 19 put pressure on the Rakshasa to use the oil reserves of Siberia and the Kara Sea as a debt guarantee, although this request is somewhat unacceptable, but at this time the Rakshasa has no bargaining chips to negotiate, so he can only pinch his nose and agree.

What really led to the breakdown of the negotiations was the currency reform.

The so-called currency reform of the Rakshasa is an outright looting, which fully reflects the essence of the collusion between the oligarchs and the Rakshasa leadership.

A week before the crisis erupted, Rakshasa had announced that it would carry out a currency reform on January 1, 1998, exchanging the new ruble for the old ruble at a ratio of 1:1000.

What is this concept, that is, you originally had 100,000 rubles of monetary assets, but after the currency reform, you will only have 100 rubles of monetary assets. The new ruble is pegged to the US dollar, in response to the "foreign exchange corridor" policy proposed by the Rakshasa and has an exchange rate ratio of 6.2:1 to the US dollar.

But before the collapse of the Soviet Union, the official exchange rate of the ruble was 1.8:1 to the dollar! Of course, this is only for the sake of pretense, if the Rakshasa people go abroad to exchange dollars, the official Rakshasa will exchange it at an exchange rate of 6.26.

This means that the real value of the so-called new ruble is comparable to the value of the old ruble before the collapse of the USSR, but the old ruble has depreciated a thousandfold!

In other words, all the monetary wealth accumulated by the Rakshasas before the currency reform in 1998 has become waste paper!

This is the real looting! The financial oligarchy and the Rakshasa high-level leaders have looted the wealth of the people!

The Paris Club said that in view of the current economic situation in the country, the Rakshasa is required to slow down the currency reform and wait for the debt crisis to stabilize before making plans.

This kind of demand is not excessive, but how can the financial oligarchs behind Yeliqin agree to it? They are the biggest beneficiaries of this currency reform, and how can they give up halfway after spending so much effort to promote this matter?

Without the support of the oligarchs, Yeliqin had no choice but to suspend negotiations with the Paris Club and return to Moscow by special plane that evening.

This outcome was beyond everyone's expectations, and the three markets of Rakshasa stocks and bonds, which had already stabilized, fell in response, and the Rakshasa financial department invested 8 billion US dollars to stabilize the exchange rate, but they didn't even hear the sound of water.

And at this moment, Khodorkovsky, who had already run to the hidden hiding place to avoid the scourge of killing, gave Rakshasa another fatal blow.

The specific fiscal deficits of 25 of the 46 states of Rakshasa, all 3 federal municipalities, and 5 of the 7 regions of Krai were made public.

The data that have not been released are all poor states where birds don't poop, and the proportion is too small.

For a time, the world was in chaos.

Khodorkovsky completely killed the rakshasa bottoms and ripped off the last bit of fig leaf for the vast empire.

The truth is shocking.

Judging from the data, almost more than half of the Rakshasa administrative divisions are on the verge of bankruptcy or have gone bankrupt, and the real asset-liability ratio in some areas has even exceeded 200 percent, and the fiscal deficit has exceeded 20 percent!

When the U.S. fiscal deficit is above 2.5%, it may lead to a government shutdown, and the Plaza Accord caused the bubble to burst, and the deficit rate does not exceed 10% at the most severe stage.

As soon as this data was released, almost everyone realized that the Rakshasa was finished, and the Rakshasa national debt was also finished.

Countless snowflakes of debt collection letters flew to Rakshasa from all over the world, and the value of short-term bonds plummeted to 60% of the face value!

And it's still plummeting!

"It's over, it's over. Vinogradov's face was earthy, and beads of sweat the size of beans oozed from his forehead.

Vinogradov trembled and picked up the phone on the table, "Dear Anatoly, I... ”

Before he could finish his sentence, Vinogradov heard the beep of the microphone hanging up.

"President, Alexei just called, Chubais asked you to go to the Ministry of Finance for a meeting. "The beautiful female secretary of Vinogradov came over with a lot of style.

Vinogradov was granted amnesty, ignoring the female secretary's deliberate display of affection, "When?"

The female secretary was rather bored: "It's now." ”

Vinogradov picked up his coat, walked out of his 200-square-meter office in a hurry, and instructed the driver: "Pull me to the Ministry of Finance, immediately!"

Sitting in the back seat of his comfortable Mercedes-Benz S600, Vinogradov was still in a nervous mood, "Will bail out, definitely, definitely, definitely。。。。。。 They can't help but stand the chain reaction。。。。。。 ”

"What if they abandon you?"

"No, no, you can't think like that... ”

"No, maybe that's not the worst ... ”

"It's a big deal!"

。。。。。。

Vinogradov's mind went up and down, and the more he tried not to think about it, the more chaotic thoughts came to his mind.

Not long after the car drove, it stopped in front of the Ministry of Finance near Red Square.

Vinogradov straightened his coat, took the mink winter hat from the driver, put it on his head, and walked into the door of the Ministry of Finance with heavy steps.

Coming to the conference room on the third floor, Vinogradov pushed open the door of the conference room and couldn't help but be stunned.

The conference room that can accommodate 20 people was full, and many of them did not have seats, standing on the side, and more than 30 people were crowded into the small conference room.

At a close look, these people are all leaders in the Rakshasa financial industry. Including a few of their oligarchs, the people in this room have more than fifty percent of the wealth of the rakshasas.

"Anatoly! I'm coming... Vinogradov's eyes lit up when he saw Chubais walk into the conference room, and now Chubais was the only one who could save him, and his Moscow International Commercial Bank would at least be able to survive the crisis if it could get a capital injection from the Ministry of Finance.

Chubais did not look at him and walked straight to the rostrum.

"The Ministry of Finance has decided to promote the merger and reorganization of the two banking enterprises, and during this period, the short-term bonds of the two banks will not be accepted until the merger is completed. ”

Chubais lifted his glasses and looked calm, as if he was talking about an event that had nothing to do with him.

"Merge?" Villagonodov was stunned.

I have to change the plot and re-compile the outline, hehe, no wonder Chinese movies are all bad movies, and TV series are all thunder dramas.

A basin of cold water.

All the content of this book is fiction, and there is no archetype of display, including the state-to-state relations and operating methods in the book, which are all literary plots imagined by the author out of thin air, and have nothing to do with any real events.

If there is any similarity, it is really a coincidence.

(End of chapter)