Chapter 173: Banks and Money
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(Regarding the existing bugs of the African Union, it will be changed to the African Federation, referred to as the African Union.) )
Gold, a chemical element of gold, is symbolized as an elemental form of Au.
It is a soft, golden-yellow, corrosion-resistant precious metal.
This thing is not only a special currency for reserves and investments, but also an important material for the jewelry industry, the electronics industry, modern communications, aerospace industry and other sectors.
Despite the fact that the price of gold has been falling in recent years, the status of hard currency has not been lost.
In Liu Muang's view, if the temporary African Federation wants to transition to a formal African Federation, in addition to a strong military force, it also needs money, a lot of money.
This time, the gold brought back from Eros was not much, only five hundred tons, but it was endless.
As long as mining and refining on Eros are not stopped, Africa's gold reserves are bound to become the world's first.
As for Eros, don't worry after the mining is finished, there is a planet in the constellation Cancer, about 2,500 light-years from Earth, east of Gemini and west of Leo.
The planet, named K-star, was detected by an international ultraviolet detection satellite jointly launched by the United States imperialism, the corrupt countries and the European Economic Community.
Following this clue, Liu Muang sent an exploration starship, and preliminary exploration showed that the surface of the planet did contain a large amount of gold.
However, the overall amount of gold reserves is not 100 billion tons detected by US imperialism, corrupt countries and the European Economic Community, but trillions of tons.
Because the gold on this planet does not only exist on the surface of the planet, but extends deep into the interior of the planet.
In a sense, this K star is Venus in the true sense of the word, the Golden Planet!
Liu Muang didn't think about putting this gold directly into the market. 500 tons is not enough, then 5,000 tons, 5,000 tons is not enough, then 50,000 tons.
Such a large amount of gold flowing into the market will inevitably cause a sharp drop in the price of gold, which will bring about a new round of economic crisis.
After all, the monetary units of countries in the real world are on the gold standard. That is, a monetary system with gold as the standard currency.
Once the price of gold collapses, hehe...... The catastrophe that can be brought about is not a single country, but a global one.
But on second thought, this is not really good for me, at least not at the moment.
So, after the first batch of gold weighing 500 tons was brought to Uncle Black's territory, a piece of news quickly spread through various channels.
"The temporary non-federation will set up its own bank with thousands of tons of gold reserves!"
Well, opening a bank can be a tall idea for ordinary people. In fact, for those financial capitalists, it is really nothing.
Especially in the United States, private banks abound, and that is called more than one.
What really attracts attention to this news is actually the last half of the sentence "Thousands of tons of gold reserves!" ”。
What is the concept of 1,000 tons of gold, which is equivalent to 35 million ounces.
At today's gold price, the minimum price is just over $1,000 per ounce, and this 1,000 tons of gold is worth more than $35 billion.
Well, this amount doesn't seem like much, and what Liu Muang brought back was only five hundred tons. That's about $17.5 billion.
But for the financial community, this $17.5 billion can be amplified by leverage.
Not to mention that the Provisional African Union was formed by a number of African countries. It's a private person, and if you have such a sum of money, it's not impossible to open a bank.
I don't look at the private banks in China, the registered capital is tens of billions, and the units are all soft sister coins.
Of course, private people want to open banks. This will definitely involve some procedures, policies, and interest distribution and other issues.
But for the Temporary AfCFA, this is not a problem at all.
There was not even a meeting, and after receiving the detailed formation plan from the Star Spirit, the Federal Bank of Africa directly entered the formation stage.
For ordinary people. Uncle Hei has nothing to do with his own half a cent when he opens a bank, at most he is amazed, Uncle Black is not poor at all, or so poor that there is only gold left.
But for the high-level leaders of various countries, the purpose of the temporary non-joint series of actions is definitely Sima Zhao's heart, and everyone knows it.
Well, there are certainly not many foreigners who understand this sentence, but it does not prevent them from having the same understanding.
However, for those financial predators, it doesn't matter whether the bank is a bank or not, what matters is where the 1,000 tons of gold come from!
To say that this thousand tons of gold is really nothing compared to the gold reserves of the whole world.
But no matter what you say, gold never falls from the sky.
Just when the outside world set off a new round of discussion because of the news that Uncle Black tossed out again, there were many changes on the African continent.
One of the things that attracted the most attention was that when the African Federal Bank was officially established, more than a dozen small countries joined the big family of the provisional African federation.
You must know that although the African continent looks chaotic, it has actually been divided by the five hooligans.
Originally, a few small countries that were really chaotic were forgotten, but now even a few medium-sized countries supported by themselves have joined the African Federation, and it is strange that the five hooligans can not pay attention.
But what makes the four hooligans of the United States, Russia, Britain, and France even more strange is that China's attitude towards the African Federation seems to be very ambiguous.
Not to mention the previous $60 billion in sponsorship, in the face of various actions of the African Federation, it actually chose to remain silent.
Well, the other four hooligans will never admit that they are envious of the huge benefits that China has gained from the successive actions of the African Union.
But no matter what the reason is, we can't sit idly by and watch the African Federation continue to grow and develop.
As a result, more and more agents, spies, and various figures in the business field began to gather on the backward continent of Africa.
On the surface, however, the African continent still does not see the intention of countries to make a big move.
With the full support of Liu Muang, the Federal Bank of Africa was soon officially established.
In order to be more international, the name of the bank was also changed to the Federal Reserve Bank of Africa.
As banks are established, new currencies are naturally issued.
However, all the countries that are part of the African Union have begun to recycle the currency that was originally in circulation and turn to the currency called the non-yuan.
Some financial predators who also planned to take the opportunity to get a vote were dumbfounded after getting this batch of non-yuan in different denominations for the first time.
Originally, I thought that without excellent technology, this new currency would be easy to imitate, and the so-called Federal Reserve Bank of Africa would not be able to knead whatever it wanted.
But who would have thought that the manufacturing technology used in this new type of currency is not only not backward, but on the contrary, it is also advanced and terrifying. (To be continued......)