Chapter 360: The Power of Exchange Rates

Not long after the market opened, people from the marketing department of Xinguo put up a sign in the market.

[Nutritional mixture for Xingyuan, 1 point Xingyuan for 10 nutritional mixtures. 】

The people of the seventh district are no strangers to Xingyuan.

In the control area of the new country, as long as the signal can be received, you can access your bank account in the new country through GS, interact with other accounts, and complete operations such as payment and collection.

In addition to electronic money, banks in the new country also issued a certain amount of banknotes for merchants to use in other places.

It is precisely for this reason that in other areas outside the 9th arrondissement, you can also see the figure of Xinguo banknotes, as long as it is a caravan heading east, they will recognize this thing.

At present, the accepted exchange rate between Xingyuan and Yuanjing is 1:5.

In the farther part it may be 1:4 or 2:5, but in the 7th arrondissement, the standard exchange rate of 1:5 is still used.

Under normal circumstances, the price of 1 nutrient mixture is 0.5 yuan crystal, and the current market price is 0.2, which is converted into 0.04 credits.

But what does this mean?

A nutritional mixture for 0.1 star dollars? Is this an attempt to forcibly raise the price of nutritional mixtures?

Jia Yong smiled disdainfully.

At this time, it is too late to do anything, even if they do not hesitate to spend their money to feed this already indigestion market to take tonics, it will not help.

Survivors will be happy to sell their nutritional mixtures for 0.1 Star Dollars, but will they be happy to buy them for 0.1 Star Moon?

Moreover, they have achieved the goal of increasing the value of the source crystal, not to mention that the survivors here are not used to the currency of Xingyuan, even if everyone recognizes the value of Xingyuan, the high-value Yuanjing is still the strongest currency.

Unless Xinguo transports the source crystals here from somewhere else, truck by truck, and forcibly injects them into the market, no matter what they do, it will be in vain.

"Jia, Mr. Jia."

"What's the matter?" Jia Yong happily looked at the shopkeeper who came over.

He is in a good mood now, and he will soon lead the Causeway Chamber of Commerce to fire the first shot to monopolize the nutrition mixture market in the seventh district!

However, just as he fantasized about what the Chamber of Commerce would do to him when he returned to the Commonwealth of Ghana, his buddy trembled and handed over the newspaper in his hand.

"What is this?" Jia Yong frowned slightly and took the newspaper in his hand.

"It's a newspaper from the new country, and this is a scanned copy of our caravan over there."

Jia Yong opened the newspaper and scanned the contents of the newspaper slowly, but when he saw the headline for the first time, his heart pounded.

[Ten radiant pig ranches in the ninth district announced an increase in production at the same time, and the value of Yuanjing may usher in the largest decline in this quarter. 】

[The bank of Xinguo has raised the official exchange ratio between Xingyuan and Yuanjing, from the original 1:5 to the current 1:10!] 】

At the same time, Xinguo issued an announcement that because of the overcapacity of Yuanjing Ranch, Yuanjing is currently in a state of oversupply in Xinguo, in order to encourage investors to use more purchasing power. All real estate transfer procedures in the coverage area of the new country signal must be carried out by Xingyuan.

If you insist on using Yuanjing for transfer, you will be charged a high VAT on both the buyer and the seller!

Seeing this, looking at the official store of Xinguo that was gradually surrounded by the crowd, Jia Yong's head broke out in a cold sweat.

Actually shot directly at the exchange rate! It's just outrageous!

This is not over, this combination punch played by Xinguo directly blocked the possibility of them wantonly buying real estate in the hands of bankrupts!

Not to mention anything else, in the past five days, they have used the hoarded nutritional mixture to lose money and realize the source crystal, and they have directly smashed it in their hands!

At this time, even if they were holding tons of source crystals, no one would trade with them.

Unless they pay a greater price and sell the source crystal in their hands at an exchange rate of 1:15 or even 1:20, no one will exchange the star yuan in their hands for the source crystal in their hand when the source crystal is facing a large depreciation.

The Causeway Chamber of Commerce has been completely trapped in the source crystal!

It's all over......

Jia Yong sat down on the ground in a daze, he felt his brain a little dizzy, pushed away the guy who tried to help him up, he ran back to the store and pulled the phone out of the drawer.

He now needs to get in touch with his boss in the shortest possible time.

At this moment, Jia Tongluo, the boss of the Causeway Chamber of Commerce, was also sitting on the office chair dejectedly, looking at the ceiling of the office in a daze.

There was a shrill ringing ringing in his ears, but he didn't want to take it.

Just half an hour ago, the wealth in the hands of the Causeway Chamber of Commerce had shrunk by half, and the shareholders had already called him.

He considered various situations, including the fact that the new country did not hesitate to buy nutritional mixtures from the hands of civilians at a premium and forcibly stabilized prices.

He also considered breaking the free trade agreement and following the example of the Gree Federation, imposing high tariffs on foreign businessmen to avoid a depression in the market at the cost of raising the cost of living for the locals.

However, he did not consider that the people of the new country would actually knife the currency itself.

And this knife directly cut off the arms of the Causeway Chamber of Commerce.

Suddenly it caught people off guard.

After being silent for a long time, Jia Tongluo silently took out a cigarette from his pocket and lit it to his mouth.

He rarely smokes in his office, and although he is the most powerful man in the entire Ghanaian Federation, he has always kept himself in check, but now he ...... He needs a proper amount of relaxation.

Closing his eyes, Jia Tongluo leaned back in his office chair and began to think about the next countermeasures.

However, to his despair, he couldn't think of a good way to do it.

If the New National Railway is determined to implement a new currency in the seventh district, even if the Causeway Chamber of Commerce controls more source crystals in its hands, it will not be able to withstand the weapon of this exchange rate.

Waiting for the value of the source crystal to return? They can't afford to wait!

Just then, his secretary pushed open the door and walked in.

Looking at the pretty figure under the suit, Jia Tongluo was bored for the first time.

"What's the matter? I said let me be quiet. ”

"Boss......" the secretary swallowed and foamed.

"Hurry up." Jia Tongluo pinched his brows and said impatiently.

"Our third shareholder, through the Stock Exchange of the Federation of Ghana, sold his shares to the new country." The secretary said quickly.

In an instant, Jia Tongluo's eyes were red, and he suddenly stood up and grabbed the secretary's collar.

"What do you say! Yan Weimin's stinky woman sold her stock to Xinguo?! ”

"Yes, yes." The secretary replied trembling and breathless.

Jia Tongluo loosened the collar of the secretary and sat back in the office chair in despair.

The exchange rate is like a knife, if used well, it can easily cut a large piece of meat from the players who participate in this market.

Businessmen in the Federation of Ghana attempted to completely shrink the planting area of bitter grass on their farms by dumping low-priced nutrient mixtures, and to dominate the production of nutrient mixtures at one time.

However, what the Causeway Chamber of Commerce did not expect was that the new country would directly depreciate the source crystal in their hands through the leverage of the exchange rate.

You must know that Xinguo holds shares in all the radiant beast ranches in Xinguo, and the source crystals produced by these radiant beast ranches account for 30% of the energy consumption in Xinguo! That's a high number.

The depreciation of the source crystal is like a double-edged sword, hurting others and hurting oneself.

The only difference is that Xinguo can bear this loss and can wait for the value of the source crystal to return, but the Causeway Chamber of Commerce can't.

Unless they don't do business and cover the source crystals in the warehouse for a year and a half.

Or the new country will open a special channel for them to exchange the source crystal and the star yuan, but this is obviously impossible.

About half a million boxes of nutrient mixtures were recovered from the market and airlifted back to District 9 by cargo airship in the new country.

At present, the permanent population of the new country has exceeded 100,000, and the floating population is more than 70,000, and there are hundreds of caravans coming and going here.

Not to mention that the daily consumption of nutrients is three times that of the seventh district, and the surplus nutrients will soon be transported from the new country by other caravans.

The trade route from the new country to the eighth district has become a security zone controlled by the new country, so the transportation cost is very low.

Solve the indigestion of the riverside town market, this is not the end.

The Causeway Chamber of Commerce is already in a desperate situation, and anyone can see that they are about to face a fiasco.

Xu Yuan then sent businessmen from Xinguo to register a shell company in the Ghana Federation, and then approached shareholders other than Jia Tongluo, the boss, to buy their shares.

Not with depreciated source crystals, but with star elements.

The small shareholders were eager to give away their shares with both hands.

The more sensible major shareholders, while wary of the hostile takeover proposal, are also starting to sit still as the new country raises the premium to 10 percent or even 20 percent.

Is it to hold the full warehouse of Yuanjing Library, and be trapped together with Jia Tongluo, or take the banknotes in Xinguo's hands and go to other places to make a comeback?

Smart people have made their choice.

However, a smarter person, "Yan Weimin", made a choice that Xu Yuan expected!