Chapter 208 Full State Ownership

But before that, he first had to set up a central bank, and he also had to issue his own currency, the original Malagasy central bank and the ariary they issued would definitely not be able to be used, and it would be very shameless for him to continue to use the banknotes of 10,000 yuan for dozens of yuan, so His Majesty the king must issue banknotes that match his identity.

"The new bank is called Yongning Royal Bank, which is wholly owned by the royal family, and the banknotes issued are called dragon yuan, and the old currency is recovered according to 100 to 10,000, as for the exchange rate, don't worry about him for the time being, anyway, it is impossible for foreigners to accept our banknotes now."

Wang Yue thought for a while and said, in terms of exchange rate, he is now struggling with whether the floating exchange rate or the fixed exchange rate will be considered, but this will have to be considered later.

As for the president, it is naturally concurrently served by the Chancellor of the Exchequer, this kind of thing is very simple for Lin Tong, who has been a bank executive for nearly ten years, although the banking talents of the original Malagasy have run clean, but this is also just right, it is enough to recruit a large number of people from China, anyway, Wang Yue's goal is to immigrate from China to this side to improve the breed.

"I'm going to be an official, too."

As soon as His Majesty returned to his palace after the cabinet meeting, Chen Xiaoya was very dissatisfied with the request.

His palace is actually the former Malagasy presidential palace, although it was also affected by the war, but it was not strict, so the restoration was quickly completed, after all, before the new palace was built, His Majesty the king still had to have a place to live.

"Okay, then you can be the police chief!" His Majesty the King said very casually.

"What about me!" Rourou said eagerly on the side.

"You are the Minister of Health and Health, and all the hospitals in the country are under your control, as for you, are you the queen?" Wang Yue asked Lin Ying while touching her head.

"Inappropriate!" Lin Ying glanced at him and said.

To become the queen is definitely to give up her Chinese nationality, and her current identity is a high-ranking official of the military intelligence agency of Huaguo, and she is about to be promoted to colonel, and the major general will definitely not be able to run before the age of thirty, and she is about to catch up with the promotion speed of the fat major general. Therefore, it is difficult for both herself and their Lin family to give up this qiē.

"It's boring, I still want you to be the Minister of Defense!" Wang Yue said.

"You can have fun with your home!" Lin Ying said angrily.

"Family world, don't say it, it's good to have more wives, I should marry a few more and replace all the cabinet ministers, so that the cabinet meeting can be held in bed, I wipe, you want to murder your husband!"

His Majesty the King was imagining a cabinet meeting on the dragon's bed when he was knocked down by the queens who rushed up.

Yongning Royal Bank was soon established in Antananarivo. Then by the king Xià personally designed the layout, the money printing machine imported from China in the operation of the workers directly recruited from China, began to print new dragon dollar banknotes day and night, the banknotes are naturally indispensable Wang Yue's head, the highest face value of 500 yuan, the original Malagasy script is no longer used on it, all use Chinese characters, as for the problem that the common people in China do not know...

If you read too much, you won't know it, and then you don't know the Chinese characters. The numbers above will always be recognized.

The 500 yuan banknote has Wang Yue's portrait on it, and the next 100 yuan has Lin Tong's portrait, and then according to age, 50 is Chen Xiaoya's portrait. Twenty is the soft head, as for the remaining ten yuan, five yuan, two yuan. One yuan and then a few cents, just casually print the natural scenery to fool around.

While printing money, it also set up exchange points in various places. The army supervised the exchange of old and new banknotes, and as the Malagasy people lined up to get to the point of exchanging the old ariary for the new dragon yuan, the country became a state of eternal peace.

Immediately afterwards, His Majesty the King personally held a press conference to announce that a series of nationalization reforms would be carried out.

First of all, the railways are state-owned.

Yongning currently has three railway lines with a total length of 673 km, of which the TCE line (Antananarivo - East Coast) is 372 km, connecting the capital to the port of Tamatave; The TA line (Antananarivo-Angelab) is 159 km and connects to the port of Tamatave, passing through Angelab and reaching the southern part of the country; MLA Line (Muramanga – Lake Alaotra) 142 km.

The railways were operated by the former Malagasy Railways, but this was a privatized railway company in which the Malagasy government had only 25 per cent of the shares, and was mainly controlled by a Belgian company.

This is easy to do, in the new Yongning National Railway Company, the 25% equity owned by the original government remains unchanged, and then among the remaining shareholders, all the shares that have been cleared out are naturally gone, confiscated and state-owned, and those that have not been cleared out, their equity is purchased by His Majesty the King, including the part held by the Belgians, which is also purchased by His Majesty the King, so that in the end, basically the King Majesty accounts for 60%, and the government accounts for 40%, although it is said that it is the national railway company, but in fact it belongs to the royal family.

Of course, these railways were not worth much, they were built during the Gallic colonial era, and at that age, His Majesty the King was beyond his reach.

Immediately after that, the new Yongning National Railway Company announced an ambitious plan for the Cross Railway, which stunned the outside world.

Second, electricity is owned by the state.

Integrate all domestic power generation enterprises and establish the State Power Corporation.

At present, the existing power generation enterprises in Yongning are mainly the state-owned former Malagasy Hydropower Company, which accounts for more than 60 percent of the country's power generation, and there are two private power generation enterprises with special management rights, the main holding parties are Germany and Gaul. However, the domestic electricity supply is simply not enough to meet the demand, with the exception of Antananarivo and the five provincial capitals, there is basically no decent electricity supply anywhere else, and the rural electricity coverage is less than one-tenth, one of the lowest in the world.

The new State Power Corporation is still a joint venture between the royal family and the government, but the equity ratio of the two sides of this company is reversed, after all, all Wang Yue needs to do is buy the two power plants in the hands of the Germans and the Gauls, and the main part of the country's electricity supply is still the state-owned hydropower company.

However, this is only temporary, because the next large-scale construction investment is completely Wang Yue's, if the power generation increases the nuclear power plant that Huaguo rents, in fact, the gap is not much, at most two or three more will be built, and now the country is not the previous tens of millions of people at that time, but the construction of the power grid is a huge amount of money, after all, the vast majority of the country is not connected to the wires, he must carry out large-scale infrastructure construction.

"As the king of this country, I have to make sure that every citizen of my country, whether he is in the city or in the country, can enjoy the glory of industrial civilization, to be honest, when I know that only a tenth of the rural areas in my country have electricity lines, I can't believe my ears, I can't believe how the previous governments ran the country? Could it be that they would not have lived without the yoke of the colonizers? His Majesty the King said with disdain.

Well, as absurd as this is, the journalists also have to admit that without the yoke of colonizers, it is true that the vast majority of African countries do not know how to live.

Third, the telecommunications business is state-owned.

The country's original three major telecom operators, all have foreign backgrounds, compared with the backwardness of other fields, the telecommunications here is not backward, and has even entered the 4G era, and the number of mobile phone users has reached almost 100 percent, the nationalization reform in this regard is very simple, by the king Xià to fund the full acquisition of it, the establishment of the national telecommunications corporation, monopoly of all telephone, mobile phone, network business, and then nationwide network coverage.

Fourth, the radio and television system is state-owned.

This is a must, the mind must be controlled in their own hands, Yongning must only have the voice of His Majesty the King, you must know that the previous president of this country who was not old enough started with this thing, he was the owner of a private TV station, and he also made a fortune as a radio DJ, and finally he was able to engage in a mutiny, which shows how easy the people of this country are to be impulsive.

fifth

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All in all, in addition to being state-owned or state-owned, the control of the country, from the economy to the media to education, is firmly in the hands of the state, or His Majesty the King.

Of course, Yongning is not a state, this principled issue must be adhered to, what parliament, elections are all necessary, and there is a constitution, this must not be forgotten, the reason why all of them are nationalized is only because His Majesty the King has money, and it has nothing to do with his army, not to mention anything else, how much must be done with the 100 billion dollar national debt!

Treasury bonds worth a total of 100 billion US dollars are not issued by the Ministry of Finance, but directly issued by the Royal Bank of His Majesty, which is sold directly to the central banks of various countries, that is to say, this is not money borrowed by the government, but borrowed by His Majesty the King, except that the government will borrow from the Royal Bank, and Her Majesty will personally make a world visit and sell it as the president of the Royal Bank.

Although in fact, up to now, His Majesty the King has not yet canonized the queen, but the identities of Lin Tong and these people are basically known to everyone on the earth, and his fiancée personally came to borrow money, which is more than the King Majesty personally came to the door, and everyone knows that there is an essential difference between a man's treatment of his wife and his fiancée.

"The first stop is to go to the Middle East, in the Middle East you have to sell at least 30 billion, and the Najd royal family has to buy at least 10 billion, and the remaining Kuwait, Qatar, and Dubai share the remaining 20 billion equally."

Wang Yue said to the Chancellor of Finance seriously while lying on his dragon bed.

"And what if they don't buy it?" The Chancellor of the Exchequer asked lazily.

"You ride our mammoth and take those six gorillas with you, I think they'll buy it." Wang Yue said with a smile. (To be continued......)