Chapter 843: The "New Federal Reserve" is Established!
On the morning of September 25, the National Bureau of Statistics released various data on Singapore's GDP and economic aggregate in the first half of 2018, proposing that Singapore's increasingly large domestic market is enough to support the issuance of its own currency. Pen | fun | pavilion www. biquge。 info
In order to cope with fluctuations in the international exchange rate market, it is necessary for the new country to price its products in its own currency.
As soon as this report came out, smart people immediately smelled the wind from it, and this was the new government building momentum for the issuance of its own currency!
Sure enough, shortly after the report was issued, the Future People Group stood up and expressed its support for the initiative.
At the same time, the Future People's Bank and a number of domestic banking companies in Singapore announced the establishment of the "Singapore United Savings Administration" to issue a currency named "Singapore Dollar", and plans to completely get rid of the situation of using foreign exchange as currency in China by the end of 2019.
The currencies issued are mainly in 6 denominations: 1, 5, 10, 20, 50 and 100 yuan.
The initial issuance, totalling S$50 billion, secured by precious metals and foreign exchange with a total value of US$54.1 billion, was placed on the market mainly in the form of loans, while opening up channels for currency exchange to the country's citizens. In the future, 50 billion Singapore dollars will be put into the market to ensure that the total amount of currency is 100 billion.
Considering that the currency has just been issued and that the foreign exchange reserves of the Bank of China are still sufficient, the new Fed has temporarily adopted a fixed exchange rate system, that is, it stipulates that 1 Singapore dollar is exchanged for 1 US dollar, and the new dollar will fluctuate around the current exchange rate through foreign exchange reserves.
After the currency stabilizes, the new Fed will gradually liberalize its monetary policy and transition to a floating exchange rate system in which the value of the currency is determined by the supply and demand of the market.
As the largest shareholder of the new Fed, the first president of the new Fed was David Smith, the president of Future Bank, and the deputy governor was elected by the votes of other banks in Singapore.
This aspect of finance is easy to say, but it is quite troublesome to operate. In line with the principle that he has a specialization in the art industry, Jiang Chen handed over the specific matters of the new Fed to Mr. Smith to deal with, and he believed that the former Citibank executive would definitely live up to his expectations.
The issuance of currency by a small country in the Pacific did not make any big waves on an international scale.
However, compared with the cold reaction of the international media, fueled by the media, a wave of support for the national currency has been set off from top to bottom in Singapore. Driven by the Future People Group, many shopping malls have labeled their shelves with S$ labels, and customers who use S$ to buy goods are given a 9-8% discount.
Penglai City, on the other hand, has added Singapore dollars to the personal electronic accounts of city residents and provided a "one-click exchange" button.
In order to reduce the cost of travel, many tourists also choose to exchange their national currencies such as US dollars, soft sister coins, and rubles for Singapore dollars when entering the country. However, many foreigners have shown considerable confusion about things like the new dollar.
"S$? Is it guaranteed with coconut? ”
"Maybe it's rubber, or shells. (smiley)"
"Why can't you just use dollars? Small countries with populations of less than a million have to issue their own currency, and I don't see any benefit except that it becomes more cumbersome to pay for it. ”
"Maybe it's because the chairman of the Future People Group wants to print his portrait on the banknote? To this end, it seems that he can't think of a better way. ”
Miscellaneous ridicule can occasionally be seen in the comment area of related news.
Although people don't care about the new Fed and the Singapore dollar, they are still interested in the Future People Group itself.
It is awesome enough that a self-made businessman can do this to the extent that he not only controls offshore countries and sets up a monopoly in the form of a trust, but now also issues his own currency.
Countless capitalists and businessmen regard Jiang Chen as their goal, and countless aspiring young people regard him as a beacon to illuminate their life path. Fortunately, Jiang Chen didn't know this, if he knew, he might laugh out loud.
Nima, can my success be replicated casually?
If you want to copy it, let's get a jump bracelet first!
……
You don't have to go to work on Saturdays.
At 8 o'clock in the morning, Natasha slept lazily, rubbed her sleepy eyes and walked out of the room, just in time to meet Jiang Chen who came out of the bathroom.
"Early."
"Hah...... Ah, early. ”
With Hatche, Natasha echoed Jiang Chen, bypassing him and walking to the bathroom.
After washing, I came to the dining room,
There were sandwiches and milk on the table, and I saw Jiang Chen, who was already dressed, enjoying breakfast.
The Freemasonry was held back by Russia on the Ukraine issue, and Jiang Chen did not act for the time being, and this day was also rare and leisurely. Although the two sides are still fighting each other in Madagascar, Africa is still far from Asia.
Picking up a sandwich, Natasha rested her arms lazily on the table, one hand supporting the side of her face, and her blue eyes looked Jiang Chen up and down suspiciously.
"It's really strange, why did you get up so early today?"
And in formal attire.
Who wakes up early in the morning and wears formal clothes? And still on the weekend?
Hearing Natasha ask, the corners of Jiang Chen's mouth hooked up with a touch of pride. I saw him straighten his collar, squeeze his eyebrows very stinkily, and said with a smile.
"Ahem, it's Professor Jiang standing in front of you now."
Natasha unceremoniously rolled her eyes and took a big bite of the sandwich, her eyes suddenly lit up, and she looked at the sandwich in her hand in disbelief.
This taste...... Is it really a sandwich?
"How does it taste?"
Jiang Chen smiled, stuffed the last sandwich into his mouth, and then took a tissue and wiped his hands.
"Great!" Natasha said without hesitation in praise, quickly nibbling on the sandwich in her hand, and licking the salad dressing on her finger with great satisfaction, "What is this made of?" ”
"Actually, it's nothing, the vegetables produced by the seabed planting base are adding Aisha's craftsmanship."
As he spoke, Jiang Chen subtly looked away.
Apparently she didn't notice how seductive and criminal this action was in the eyes of men.
Especially now that she's still in her pajamas......
At this moment, the door of the dining room was pushed open, and it was Aisha who appeared in the doorway.
Walking behind him, his hand gently fell on Jiang Chen's shoulder and squeezed it massagely, Aisha was like a docile little wife, and leaned close to her ear and whispered.
"The car is ready."
"Hmm. Come and have a bite to eat. ”
"I ate in the kitchen after my morning run."
If Jiang Chen hadn't tossed too late the night before, Aisha would usually get up at about half past six, run along the beach for half an hour, and then go to the bathroom to take a shower, and then prepare breakfast for Jiang Chen.
"Is there anything on schedule for today?" Seeing Jiang Chen preparing to go out, Natasha couldn't help but ask.
"Didn't I say that? Please call me Professor Jiang today. Jiang Chen smiled, revealing a mouth full of white teeth.
“…… Speak human words. ”
Looking at Natasha's expression of disbelief, Jiang Chen shrugged helplessly.
"Okay, the public elective course at the University of Korro Island has started, and as an honorary professor, there happens to be my public elective class today."
After listening to Jiang Chen's words, Natasha looked at him dumbfounded, and even the sandwich that was in her mouth fell back on the plate.
"Professor? You? Burst...... Ha ha...... Cough! ”
"Laugh at the fart!"
Jiang Chen glared fiercely at Natasha, who patted his chest hard, poured a mouthful of milk, and his chest continued to rise and fall.
Just kidding, how can I be a successful person, sir?
What's wrong with being a professor, I'm still the first president! Many of the students who want to take my class don't know where to go!
"By the way, what are you going to give your students?"
With a serious face, Jiang Chen replied honestly.
"Cosmology."
"Poof...... Ahem! Water! Ahem! I'm going to die! ”
The milk had just run out, and Natasha, who was choking, couldn't help but smile and rushed into the kitchen like the wind.
Looking at the swaying door of the kitchen, Jiang Chen straightened the tie around his neck and complained fiercely in his heart.
Choked to death! (To be continued.) )