Chapter 606 - Fiat Currency

The proposals put forward by the deputies of the Congress were endorsed by the majority of the country's public office, and there was nothing more attractive than a currency with strong purchasing power.

Public officials are fed up with the weakness of the strong bolívar, even if their wages have increased by more than 3,000% in the past year, they still can't keep up with the speed of currency depreciation, and now the blue dollar used outside has the powerful Blue Star Group, and the purchasing power must be thousands of times stronger than the strong bolívar.

Public officials belong to the middle class and affluent class of Venezuela, and they know more about the outside world than ordinary people, according to the financial report released by the Blue Star Group last year, the economic volume of the Blue Star Group has long exceeded that of the Venezuelan countries.

What is there to believe in a currency issued by a stronger, wealthier, and more reputable enterprise than the Venezuelan country?

After the delegates' proposal, the National Congress held an extraordinary meeting to vote on whether to list the blue dollar as legal tender and whether to use the blue dollar to issue the salaries of civil servants.

There was little suspense about the outcome of the vote, the deputies passed the bill by a large margin, and no one wanted a strong bolívar anymore, and this waste paper had no other purpose than to wipe the butt.

"No, no, no, my ass is still scratched, and my ass is delicate." A representative of the National Congress complained.

Maduro, of course, raised his hands in favor of the delegates' proposals.

But where to get so many blue dollars to pay the salaries of public officials?

If you use a strong bolívar to exchange it for the Blue Star Group, the Blue Star Group won't want it, right?

Thinking determines the way out, and if there is no way, we must find a way.

Maduro thought that the price of the Maracaibo oil field sold to the Blue Star Group was 1.8 billion RMB, and it would be right to replace the 1.8 billion RMB materials with the corresponding blue yuan?

There are also a lot of minerals, seafood and forest resources in Venezuela, as well as a lot of labor and investment projects, and even land, which can be mortgaged to the Blue Star Group in exchange for the Blue Star Group's blue yuan. However, Venezuela must guarantee that all blue yuan can be exchanged for materials of no less than current value.

To this end, Maduro consulted with experts from the country's finance ministry and the financial community.

These experts are the experts who formulate the monetary policy of Venezuela, and they are already disappointed with their own currencies and believe that according to the current credibility and national power of Venezuela, they are not capable of creating a new strong currency.

Therefore, it is not impossible to put hope in the Blue Star Group.

As long as the Blue Star Group has the ability to redeem, it must be much better to cooperate with the Blue Star Group to use the Blue Dollar than to cooperate with the United States to use the Blue Dollar, because the Blue Star Group is an enterprise, and he has no territorial and political power to claim, and the United States is different.

With the advice of domestic experts, Maduro and the top level of Venezuela again negotiated with the Blue Star Group.

After arduous negotiations, the Blue Star Group signed a currency agreement with Venezuela.

First, the materials of 1.8 billion RMB for the mining rights of Lake Maracaibo were temporarily kept by the Blue Star Group, and the Blue Star Group immediately paid 200 million blue yuan in cash to Venezuela.

Second, Venezuela recognizes the blue dollar as one of the legal tender of Venezuela, and all major banks, financial institutions, and public institutions in Venezuela may not refuse to accept it. At the same time, Bluestar Group has the obligation to ensure the stability of the purchasing power of Blue Yuan. If the blue dollar depreciates significantly and exceeds the warning value estimated by the Ministry of Finance of the Venezuelan country (according to the purchasing power of flour, meat and other daily necessities), the Venezuelan state has the right to terminate the agreement;

Third, in accordance with the assistance agreement signed by the two parties, Bluestar Group currently pays 500 million yuan in cash assistance;

Fourth, Venezuela handed over all 30-year land use rights in some areas outside Caracas and Lake Maracaibo to the Bluestar Group, and obtained an interest-free loan of 300 million yuan from the Bluestar Group, which was offset by oil, coal and other commodities.

Since then, Bluestar Group will pay a total of 1 billion blue dollars to Venezuela.

First of all, the blue dollar will be determined as the legal tender of Venezuela, and it may also radiate to Latin America in the future, and the blue star group will also establish various factories in Venezuela, and the goods exported from Venezuela to the world can also be settled with blue yuan, laying the foundation for a strong currency of blue yuan.

In addition, in a series of cooperation between Bluestar Group and Venezuela, the material aid provided by Bluestar Group to Venezuelan countries of 10 billion RMB is the basis.

This is quite a one-time exchange of materials from the Blue Star Group for installment exchange, and there is no interest, which is of course a good thing for the Blue Star Group.

Most of the food is imported from China and Brazil, and Chen Nuo has asked Blue Island to send technicians to build a planting building in Venezuela, which is expected to be self-sufficient in food in one to two years.

At that time, the cost of exchanging blue yuan for the food of the Blue Star Group was much lower.

After the agreement was signed, Maduro announced on state television: "Venezuela will abolish the use of rice knives throughout the country, and will use the blue dollar as the national legal tender, and in the future, the blue dollar and the strong bolívar will be used at the same time." The salaries of public officials throughout the country will also be paid in both strong bolívars and blue dollars. ”

Maduro said: "We have taken a series of measures to improve the economic situation in our country, and in fact our country's economy has also improved, and the shortage of materials in the capital and the Lake Maracaibo region has basically been solved." People can buy or receive daily necessities for free at the supply stations of Bluestar Group. In the future, Bluestar Group's material points will be all over the country, and the factories established by Bluestar Group and us will also create employment opportunities for the people. ”

Maduro felt that his regime should be more stable, saying: "I firmly believe that as long as the people of the whole country work together, they will overcome difficulties!" ”

Maduro's speech made the people of Venezuela excited and excited! In the past, leaders talked empty words and nonsense, but Maduro made the people really see that society is progressing and the economy is improving.

As long as you persevere, you must have food and work! This is the belief of the people.

Maduro's approval rating soared to 65 percent, a record high.

With Bluestar Group, all difficulties will be solved.

Maduro has tied himself to the chariot of the Blue Star group, both for his votes and for the fate of the country.

At the same time, Bluestar Group placed an order of 1 billion blue yuan to Huaguo Banknote Printing Company, and the latest news from Venezuela reached Huaguo, and the people of the whole country were dumbfounded.

Does the Blue Star Group rely on its own efforts to reverse the grim economic situation in the Venezuelan countries, and replace the strong bolívars of the Venezuelan countries with its own currency?