Francisco gave a thumbs up, which is tantamount to taking over the power of the central bank, and the United Group has a second air force that is not enjoyable, but also a second central bank.

"Liar...... Swindler...... He cheated us out of foreign exchange and refused to pay it back! Your Excellency Admiral, you have to help me......" This decision was made, Volpi was so anxious that he jumped to his feet, so that the Union Bank had set up the central bank, what could he, the Chancellor of the Exchequer, do? He did not dare to go to Mussolini, so he had to go to the old Ciano, hoping that the latter would help him talk to Contini and ask him to return the foreign exchange.

"Earl, it's not kind enough for you to say that, and I can't help you enough? Who sent the telegram to the leader? Who is responsible for dismantling the excess foreign exchange of the central bank? "You can't expect us to think of Union Bank when we help, we have to have a sense of contract, we have to have a sense of contract, we have to have a spirit of contract......

"However, it is clearly said that the central bank can take it back at any time if it is needed."

"What do central banks need? Isn't it just an exchange? We took this job, and the window and service power of Union Bank are more extensive than that of the central bank! Isn't it just a change of foreign exchange? "It's not that hard at all. ”

Volpi was speechless, and could only turn his eyes to the elder Ciano for help.

The latter was a little inexplicable at first, what was the son doing with the central bank's foreign exchange? Besides, the Union Bank also has to be exchanged, and it can't make a fortune by speculation, so why bother to do this kind of work that offends people? But Francisco whispered a few words in his ear and he understood: the same exchange of foreign currency, to whom it is worth it - right now, it is a great power.

"Well, let's not argue, I'll call the leader and listen to his opinion on who will do this."

After that, Volpi was not allowed to question, and directly picked up the old Ciano's phone and dialed the Prime Minister's Office, after listening to the report of Contini, Mussolini was also a little inexplicable, why did the Union Bank go to fight with the central bank for this right? But then Contini understood the next sentence: "Leader...... Of course, I will take care of the work or special needs of the party and the leaders, and I will leave you a limit of 100 million US dollars here, and no one is allowed to use it without your warrant. ”

Volpi was dumbfounded, what else could he do?

Old Ziano shook his head, don't argue about this matter, it's useless to fight, his son's words are almost a certainty.

Sure enough, Mussolini understood, but he said: "Calais, you are very thoughtful, the Union Bank has foreign investors, and there is an international background, I think it is appropriate to put foreign exchange here, and in the event of a run, it will not endanger the credit of the central bank, and your method is very good." However, we must not only consider 1.2 billion US dollars, but also consider the economic and financial situation of the whole country, and the United Group, as a national economic stabilizer, must stand up at this time, play the role of the main force, and stabilize market confidence - confidence is more important than a little foreign exchange! Of course, you have to communicate more with His Excellency the Earl in terms of specific business, after all, he is involved in all aspects and is in charge of the country's finances......"

"Understood, I will definitely ask the Earl for the ...... of the situation."

Francisco raised his thumb and raised it demonstratively at Volpi, who shook his head with a wry smile and said that the president was domineering, and today he finally understood - this is not a gap.

"Your Excellency, you can put a hundred hearts on foreign exchange in my place, we will not use it for speculation, so we will not allow others to speculate, I will let the bank carefully verify the look of exchanging foreign currency, and we will reject all exchange requests that exceed the historical foreign exchange usage limit, including Fiat......"

In fact, a big consortium like Fiat would have had a ghost if he didn't take the opportunity to make waves at this time, but now that the foreign exchange card is in the hands of Contini, there is no way. Francisco certainly knows the trick: the United Group can decide for itself who to issue foreign currency, and it is a killer in the market to call for power and expand its influence.

Sure enough, when I heard that foreign exchange was concentrated in the hands of the United Bank, speculative capital was worried: to impress the central bank to release foreign exchange, it only needs a small price, and how much does it cost to buy the president? Who can afford that? And other companies in the market that really need foreign exchange and have dealings with Union Bank at the same time are almost shouting long live - when the United Group was faced with bank forced debts, they were resolutely on the side of the president, and this will not get foreign exchange to get us, right?

The situation is not as optimistic as they think, but it is not as pessimistic as other observers think that the United Group intends to monopolize it, and foreign exchange is still constantly being replaced under control, but if you look closely, there are prerequisites: if you have a close relationship with the United Group and do have import and export business, you will be fully satisfied; If the relationship is close but there is no business or the business volume is not large, the satisfaction part; If the relationship is not close but the business is indeed satisfied, it is partially satisfied; It doesn't matter and there is no evidence that you just want to speculate, sorry, your exchange request is under review - and I don't say that it will not be exchanged for you, after all, Fascist does not admit foreign exchange control......

Of course, there was also a steady stream of calls to Ciano Sr. and Francisco, but they all laughed and asked them to call Contini directly, but did they really want to call Contini? The speculative capitalists are worried, what do they say when they meet the president?

But there was a man who opened his mouth and smoothly exchanged foreign exchange from Contini, who is it? Adriana!

Contini gave her a $1.2 million limit, and told her with a smile while filling out the check: "This is your private money, you haven't received last year's dividends, you like to exchange it for whomever you want, but you are not allowed to cry in front of me if you lose it in the future......"

This is the president's family affair, and Francisco can only treat it as if he didn't see it - not only does he have a father who is the deputy mayor, but he also gave birth to a son, and he has to give 1.2 million face. Besides, it was Contini out of his pocket, and Vivian had just spent $1.7 million in New York, and he couldn't say anything more.

Other than that, nothing was successful - it was such a simple move that kept the exchange army under control. The fact is that the normal foreign trade demand is sufficient to meet here, and the current massive increase in foreign exchange demand is completely speculatively driven and not worthy of recognition.

However, Francisco is also a little worried: will the rumors outside be more detrimental to the stability of the lira's value if it is controlled in this way?

Contini nodded: "There is no doubt about it, but we can't expect to keep the foreign exchange on the one hand, and on the other hand, not to let others question it, as long as it takes a long time, the rumors will subside, now is the critical moment, I would rather be attacked with foreign exchange in my hand than be empty and cowardly at the critical moment." ”

July 16 was the last delivery day for the July crude oil contract, but there was not so much crude oil in the market that could be delivered, so there was a rush to buy and close the position, and by the way, the price also rose a little, but soon Leo told him that not only the August contract, but now the September contract is rapidly declining.

"Don't they care about the responsibility for default?"

"Nope! Persian Oil is ready to meet market delivery needs, while U.S. crude oil is ready to flood into full delivery demand. ”

"U.S. crude oil?" Contini was stunned, "It is not profitable to deliver American crude oil at all, and now the price in the US market is higher than that in Europe, and it has to be shipped back, which is completely a loss-making transaction!" ”

"But people may not mind the penny a barrel loss here, they will suck up our foreign exchange and at the same time leave the delivery of crude oil with nowhere to put it – that's a big problem!"

"I see, let them come." Contini thought for a moment, "Be ready, intend to continue financing from the U.S. market." ”

"As I mentioned, several major banks offer prices of more than 5%, and the amount is not much, only about 5000-100 million."

"Yes, just integrate at this level, 3 years!" Contini said, "We have to plan ahead and accumulate a little bit of hole cards, otherwise we will be too passive." ”

"What about crude oil contracts in the market? Continue to earn? ”

"Continue to open the acquisition according to the reserve regulations, don't be afraid to spend money...... "Contini thought for a moment, "the point is the August contract, find a way to stabilize, eat as much as you want!" ”