Chapter Fifty-Eight: Two Billion

In the presidential palace, Brahim was so angry that he almost knocked off the table.

"Why I don't know this news until now." Brahim slammed the papers on the table, his eyes red and he asked.

On the other side, Finance Minister Ali shivered and turned pale.

He knew about the fluctuations in the foreign exchange market at the first time, but he didn't take it seriously.

The stock market is sluggish, all kinds of bad news are coming, and the foreign exchange market is not abnormal if there is no fluctuation.

And in the past few days, Ali has more important things to do, and representatives of PetroChina came to question them about the loss of a large number of investments.

There is also the possibility of a war, Mirza, that bastard, holding chicken feathers as an arrow, full armament war, logistics supplies, and various expenditures, making Ali exhausted and anxious, where is there still time to pay attention to the fluctuations of the foreign exchange market.

"The latest exchange rate, 11.8 Sudanese pounds per dollar, you tell me, is all this true?" Brahim asked sharply,

Brahim has also been very busy these days, and Huaguo's attitude has suddenly become unclear.

An invitation to Li Baodong's visit has already been sent out, and the other party has agreed to it, but the specific date of the visit is second only to the South Sudan.

No, not only after South Sudan, but also behind Kenya.

Li Baodong's visit to South Sudan, no matter how unhappy Brahim was, he could only accept it, but when Li Baodong visited Kenya, Brahim immediately felt that something was wrong.

The South Sudan had been planning to build an oil pipeline to transport oil from the southeast, through Kenya, so that it would not have to endure the high transit fees of the North Sudan.

The Kenyan side has been arguing with various excuses, and it is clear that it also wants to take advantage of the fire to rob and make a transit fee.

So this matter has never been negotiated, but once China intervenes, it will be different, and China is also very influential in Kenya and can fully facilitate this matter.

Once this is done, with the support of China's capital, the large tracts of untapped oil in the South Soviet Union can be turned into capital, and the economic rise and national strength can be predicted.

Therefore, Brahim, who was busy discussing how to deal with it, did not notice the fluctuations in the foreign exchange market at all.

In just a few days, a large number of follow-up sales, the value of the Sudanese pound has depreciated again and again, and now, it has fallen almost five times, and it has paid off.

If this continues, the economy of the North Soviet Union will not be completely paralyzed.

"Come forward with a political axe and save the city!" Brahim didn't bother to care about foreign opinions, and gave orders arbitrarily.

On the brink of war, if there is another fire in the backyard, then Brahim will really sit on pins and needles.

……

The hotel where Traust is staying.

A group of people went out of their way to ask for a bottle of champagne to celebrate the success of the first step plan.

Taking advantage of the continuous negative news in the market and the impact of the imminent outbreak of war, Traust used the borrowed 3.5 billion Sudanese pounds to sell aggressively, causing panic in the market, and countless followers sold Sudanese pounds.

The size of the foreign exchange market in the North Soviet Union is not large, and 3.5 billion Sudanese pounds can already roll up a tsunami.

In the initial sell-off, 3.5 billion Sudanese pounds were sold at low prices in batches, and at different exchange rates, they ended up converting about $800 million.

And when the market completely collapsed and countless followers sold off, the exchange rate became lower and lower.

When it was as low as 11 Sudanese pounds for one dollar, Traust re-entered the market, changed his account, and bought about 14 billion Sudanese pounds with the 800 million US dollars he had exchanged and the 500 million US dollars he had previously held.

This exchange rate is a figure that Traust thinks is reasonable after taking into account the size of the market and the amount of foreign exchange reserves of the North Soviet Union.

You must know that after several days of selling, the funds in the market are almost sold out, and if the North Soviet Union does not act again and uses foreign exchange reserves to save the market, the market will completely collapse and the economy will regress.

Inflation is so high, and the currency in the hands of the people depreciates several times, what kind of crisis will be triggered, you can figure it out with your ass.

Now the only thing Traust has to do is wait, wait for the political axe of the North Soviet Union to start bailing out the city.

Traust didn't wait too long.

Soon, there were big players in the foreign exchange market and they started buying Sudanese pounds.

This is a clear signal, on behalf of the North Soviet State political axe to use foreign exchange reserves, to start to save the market.

And Traust's group, like wolves searching for prey, spread out their formations and opened their sharp fangs.

……

Central Bank of the North Soviet Union.

Ohade, who was authorized by the president, has already commanded his manpower, used his foreign exchange reserves, and began to buy Sudanese pounds on a frenzy.

There are now more than 30 billion Sudanese pounds on the market, and according to the current exchange rate, at least several billion dollars will have to be invested to stabilize the exchange rate.

With so much money, almost all the foreign exchange reserves accumulated by the North Soviet Union in recent years.

What O'Hard fears is that the situation will continue to deteriorate, and billions of dollars will not be able to undo it.

"The exchange rate has gone up, and now it's 11.5 Sudanese pounds per dollar!"

The successive good news came to Ohard, which made Ohard visibly relieved, and the situation seemed to have really stabilized.

The changes in the foreign exchange market were soon noticed, and some large investors began to buy Sudanese pounds, how many were bought, and without much thought, it was possible to guess that it was the political axe that began to intervene and save the market.

With this frenzied, cost-free buying, the exchange rate began to climb gradually.

The frenzied sell-off was curbed, and some large investors who still held Sudanese pounds also adopted a wait-and-see attitude and no longer blindly sold blindly, and the entire foreign exchange market began to stabilize.

……

"2.4 to 11.8, the madness of the forex market!"

"All kinds of negative events affect the big crisis in the foreign exchange market."

"The political axe struck hard, intervened in the rescue with thunderous means, stabilized the market, and the exchange rate returned to 3.4, is the high price worth it, who profited from it, and who swallowed the consequences?"

A week of madness, a week of ups and downs, everything that happened in the foreign exchange market in the North Soviet Union has attracted the attention and coverage of countless media.

Some media have praised the political axe for its timely rescue and its efforts to turn the tide before the market collapses completely.

And some media sang lamentations in unison, asking who suffered from the ups and downs?

In addition, a large number of media accused the political axe of the North Soviet Union of interfering in the market economy.

But in the end, on the surface, the market has returned to stability, and both the political axe and the general public are the winners.

But the problem is that the political axe of the North Soviet Union poured everything into its own and invested almost all its foreign exchange reserves to save the situation. And ordinary people, selling Sudanese pounds at low prices, when the exchange rate returns to normal, between one in and one out, most of the funds in their hands have disappeared out of thin air.

Who will pay for this loss?

At this time, the political axe of the Northern Soviet Union could not delve into it, and under the premise of the aggressiveness of the Southern Soviet Union, they needed a stable rear.

And ordinary people don't have the capital to reprimand, so they can only look at the lost funds and secretly cry.

Of so many people, only a small fraction are happy.

Undoubtedly, Traust was the happiest man.

The 14 billion Sudanese pounds exchanged at a low price, and in the end, Traust probably returned to the exchange rate of about 5 Sudanese pounds for one dollar, throwing out 10.5 billion.

The 10.5 billion Sudanese pounds were exchanged for about 2.1 billion US dollars.

The remaining $3.5 billion in unsold Sudanese pounds were used to repay the loans.

In nearly two months, Traust made $1.6 billion, which is indeed much faster than robbery.

Of course, after doing all this, there is still one last step left, which is to find a legitimate reason to withdraw from the North Soviet market.

And this reason couldn't be more difficult to find.

Traust met again with Commerce Minister Siddle and halted the original wind energy investment plan on the grounds that war was about to break out in the Soviet Union and that the political axe would intervene in the operation of the market.

In two months, a super project with an investment of 2 billion yuan came to naught.

In the intervening two months, in addition to signing the contract, Traust spent several thousand dollars to rent an office building.

The act of withdrawing from the Mercedes Wind Energy is not a killing donkey, and Siddle can't find a good reason to refute it.

Especially after such a series of events happened in the North Soviet Union, it is normal for the other party to withdraw its investment and abandon the investment plan.

Even, when a series of events happened, Siddle approached Traust and probed Traust's mouth, wondering if Messes Wind Energy would withdraw its investment.

The 3.5 billion Sudanese pounds were returned, and Siddle could only wave his arms and watch Traust and his party leave on the plane, crying sadly in the wind.

;