Chapter 156 The Financial Beast
The establishment of the financial exchange not only formalizes various foreign exchange transactions in Greenwater, but also provides a large amount of tax revenue for Greenwater. Pen @ fun @ pavilion wWw. ļ½ļ½ļ½Uļ½Eć ļ½ļ½ļ½ļ½
And the situation is not only the case now, the listing of various commodities such as steel, grain, and thermal oil has also stabilized the resources needed for the development of Huaxia City.
However, the high level of the renminbi has gradually disappeared from the circulation market.
Instead, gold coins re-entered the market.
And Wang Bosi, Huang Xiucheng and others still care about what control at this time, looking at the rising transaction price of the trading center every day, their hearts are already happy.
Whenever a price is listed for RMB, there is always a buyer who buys it quickly.
Unconsciously, the exchange rate of gold coins to RMB has broken the 1:100 mark in Green Water City.
At this time, Shang Weiyang had already begun to order the financial isolation of Green Water City.
After all, someone has already reached out to Huaxia City and began to exchange a large proportion of gold coins for the RMB in the hands of the people of Huaxia City.
This kind of thing must be forbidden, and when the bubble bursts, the renminbi will fall to its normal value in an instant, and countless people will go bankrupt.
And what Shang Weiyang has to do is to control this range into Green Water City, and it is among the landlord forces of the sect of Green Water City.
At this time, the landlord forces of the sect had given up the struggle for the dominance of the goods in Huaxia City, and instead plunged into the financial whirlpool of speculation and speculation.
Huaxia City's goods are settled in RMB, but in order to sell them, they need to collect gold coins for sale.
And now the exchange rate of gold coins to RMB is so high, which is equivalent to ten times the inflation of goods in Huaxia City.
This has also led to the fact that goods are now starting to accumulate in the warehouse of the railway station, and no one cares about it, after all, it is too expensive.
However, Shang Weiyang, who learned about this, did not delay, he already had a way to crack it.
As mentioned above, the renminbi is a credit currency, and its value depends on the productivity and credit of Huaxia City.
And now the renminbi has lost its trading value, or rather, it has been deprived of it by artificial speculation.
In order to re-circulate goods in Greenwater City, an alternative currency must be found.
Obviously, gold coins are untenable, gold coins are pegged to the renminbi, and when the renminbi appreciates, it depreciates, and it cannot be used at the center of fluctuations.
Seeing the current situation, the landlord forces of the sect already felt that they had won the victory.
But they forgot that there is a hard currency on the Celestial Crystal Continent that cannot be hard - Celestial Crystal!
When the renminbi was just issued, Shang Weiyang expected this kind of thing to happen.
Therefore, the financial plan was delayed again and again, until the ruins of the Three-Eyed Clan were discovered and a large amount of Celestial Crystals were hoarded.
Therefore, the RMB is not only exchanged for gold coins, but he also exchanges Celestial Crystal, but it is usually only a small transaction, which makes people forget the monetary value of Celestial Crystal.
The gold coin exchange method of Mingyue Pavilion is not established in Huaxia City, in Huaxia City, a piece of low-grade Tianjing is priced at 100 yuan, a medium-grade Tianjing is 10,000 yuan, and a high-grade Tianjing is 1 million yuan.
So in turn, using Tianjing can also be used to conduct business transactions with Zheng Yun of Green Water City.
After Shang Weiyang spread the news in Baiyan City, the merchants there went crazy one by one.
They have always been not far from Green Water City, and they have relied on the goods of Huaxia City to eat and drink spicy food.
And they can only be a bad master, which is really unwilling.
Greenwater City's finance is seemingly prosperous, and Wang Bosi and others have looked down on the profits of doing trade. This made them see an opportunity, and Huaxia City was simply within easy reach.
However, the sharp depreciation of the gold coins and the appreciation of the renminbi prevented them from trading.
Now that they know that they can buy goods with Tianjing, these people can't be happier.
The carriages of White Rock City drove in a line from the newly built highway like Green Water City.
Shang Weiyang's hand not only revitalized the trade of Green Water City, but also gave Baiyan City huge benefits, which was a huge benefit for attracting him into the Huaxia Alliance in the future.
The people of Green Water City are still immersed in the huge fantasy of RMB speculation and speculation.
"Haha, Lao Huang, today I bought a full billion, it seems that the buyer is the merchant Weiyang.
Now he has to buy RMB with gold coins from us, a whole 100 billion gold coins, I have never seen so much money in my life. ā
"I see that you are afraid and want to clear the warehouse, I advise you to hurry up and put this gold coin into it, otherwise you will regret it if it rises in the future. ā
"It's still going up, it's all 1:100 exchange rate!"
"What is this, haven't you read today's newspaper? The Iron Horse Gate turned into a strong man and joined the Labor Party, and the construction of the Iron Horse City officially began.
The god is strong, that is the existence of the gods, he is optimistic about Huaxia City and the Huaxia Alliance, I think there is still a wave of market. ā
Sure enough, after Huang Xiucheng said this, Wang Bosi's face turned green at that time, and he hesitated for a long time for this transaction, and he hadn't read the newspaper for a few days.
Immediately, Wang Bosi and Huang Xiucheng came to the exchange and began to hang up the acquisition card, but in time, his price had been listed at 1:105 and still no one sold it, and everyone saw the newspaper and knew that it would rise.
Even if the transaction is successful, Wang Bosch's last transaction is a loss, which is the saying that it is sold early.
Finally, when Wang Bosi put up a high price of 1:109, the market began to act, and people began to ship one after another.
When this huge transaction of 100 billion gold coins was completed, Wang Bosi's original book of 1 billion yuan was only 900 million after deducting taxes, and 100 million yuan evaporated directly.
This incident gave confidence to speculators, and even put forward a slogan: the earlier you sell, the more you lose.
However, only the people on the exchange know that 800 million of the 900 million yuan shipped this time were from the account of Huaxia Bank.
These accounts are broken into pieces, hiding people's eyes and ears, and the outside world does not know that Shang Weiyang has begun to ship.
As the price of RMB continues to push to new highs, in the actions like ants moving again and again, Huaxia Bank, the government of Green Water City, and all relevant personnel have sold out the RMB in their hands.
Hua Xia Bank's gold coin stock reached a staggering more than 1.6 trillion gold coins.
This money will appreciate enormously when the bubble bursts.
And Wang Bosi and others are still immersed in the sweet trap of the RMB price breaking new highs and breaking through 1:120.
Little did they realize that the renminbi in their hands would soon become a price of waste paper relative to its current value.
This day will finally sweep away the vast wealth they have accumulated, and then they will lose everything except for cultivation and some poor family resources.
And this day has become closer and closer as time goes by, and a beast called the financial crisis has begun to open its bloody mouth.