Chapter 1311: Three Suggestions
Li Siwen saw that it was Verawan, and he was secretly happy in his heart, because this person not only has great authority, but the most important thing is that the Thai baht in the previous life collapsed quickly, and Veravan can be said to be an indirect fuse, if he hadn't resigned at a critical moment, the Thai baht would not have collapsed so quickly.
"Mr. Minister, look up for a long time." Li Siwen immediately smiled and stretched out his hand.
"Mr. Li is polite, let's go up and talk?" Villawan and Li Swen shook hands lightly and spoke.
"Oops, sorry, sorry, I'm so excited." Li Siwen pretended to sigh, and took everyone to the elevator, and did not forget to say: "Minister don't worry, I have already ordered the wine and food, and it is definitely the highest standard in Bangkok." ”
Soon, the group disappeared into the parking lot, and in a van in the distance, two men and women wearing hats were talking to each other.
"This is big news, and if it is reported, it will definitely cause a sensation."
"As I said above, it's just for us to take pictures, and as for the report, it has nothing to do with us, don't mess this up."
"Don't worry."
Ten minutes later, in the box upstairs, Li Siwen and the others had already raised their wine glasses and were polite to each other.
"Mr. Li, let's get down to business!" After only three or two sentences, Villawan was a little impatient.
"Okay, then I won't go around in circles, I want to help your country raise the exchange rate." Li Siwen said directly.
Although this was just an ordinary sentence, the voice at the scene was quiet, and everyone put down the wine glasses in their hands and locked their eyes on the two of them.
"I'm not afraid of your jokes, now we in Thailand are struggling in the financial market, I'm curious why you help us." Villawan asked.
"It's very simple, firstly, I am unhappy with Soros, and secondly, I also want to make a profit from it." Li Siwen said without hesitation.
"Hehe, Mr. Li is really honest!" Wirawan smiled: "Let's not talk about whether you can get the baht back to a high position, even if you really succeed, you won't make much." After all, our country implements a fixed exchange rate policy, and the fluctuation will not be too large. ”
The so-called fixed exchange rate policy, that is, the Thai baht is closely focused on the US knife, according to the regulations, the ratio is 25 to 1, that is, 25 baht for 1 dollar, and once there is a fluctuation in the international financial market, the Thai official will intervene, try to maintain the exchange rate at 25 to 1, to put it bluntly, whether it is the depreciation or appreciation of the Thai baht, the Thai official will intervene.
This practice is to reduce financial uncertainty and help control domestic inflation, but it is easy to control when the plate is small, and once there is more and more foreign investment, import and export are linked to the international market, and it is extremely difficult to control it.
Today's Thailand is at such a stage, once the Thai baht depreciates, they need to use a large amount of foreign exchange reserves to intervene in the market, which is why Li Siwen, who has 5 billion US dollars, will be personally received by the finance minister.
"That's why I'm seeing you." Li Siwen pursed his lips and said with a smile.
"Oh? Let's hear it. "Villawan.
"Now that the exchange of Thai baht for US knives has fallen to 28.5 to 1, I dare to say that the Thai management is very big, because you have not yet found a good way to intervene, after all, if you only throw foreign exchange into it, you may not be Soros's opponent."
"So what?"
"So I'm going to give you my most precious advice, but at the same time you need to promise me that you won't intervene until the baht rises to 20 to 1." Li Siwen said.
"Mr. Li, what are you kidding? Although we cannot accept depreciation, it is also not acceptable to appreciate, which will have a great impact on our exports, especially the flow of foreign exchange reserves. Villawan responded.
Regarding Villawan's answer, Li Siwen knows that in fact, the financial market is like this, complex and changeable, and whenever he stands at a crossroads, he will face selective contradictions.
"Mr. Minister, you should be very clear about the current situation, once Soros increases his efforts, I am afraid that the Thai baht will collapse for a thousand miles, which is completely beyond your control. But if I can really pull the baht up, at least the baht will be within your control in the future, and 20 to 1, the fluctuation is not too big, I just want to make more money. Li Siwen smiled lightly: "Now it's time to sacrifice the interests of some people, and I promise you, this time will not be too long, at most a month, when the time comes, I will throw away all the baht in my hand, not only make money, but also stabilize the baht exchange rate." ”
Veravan moved his eyes and said: "Li always played well, first bought Thai baht with a US knife at a low position, and then bought a US knife with Thai baht at a high position, and earned a full 8.5 baht in the middle. ”
"This is the deal, there is nothing to hide, and I not only want to make money, but also make Soros lose a lot of money." Li Siwen smiled lightly: "Mr. Minister, do you want me to make some extra money, or do you want Soros to defeat the Thai baht, it's all up to you." ”
Wirawan didn't say anything, took a sip of his glass, and after a while, said, "Are you so sure you can pull the baht up?" ”
"Of course, but it will take our joint efforts." Li Siwen said.
"Tell me what you think." Veravan got serious.
"I won't talk about things like increasing the capital of a finance company, or raising the bank's bad debt reserves, or raising the overnight lending rate. This is what you can think of, and it is the basic way to deal with currency depreciation. Li Siwen paused slightly: "And I have three suggestions next." ”
"First of all, Soros's attack has risen from borrowing and selling the Thai baht in February to a multi-dimensional attack, and he has carried out a large-scale strangulation of the Thai baht from short-term loans, discounted bills, interbank certificates of deposit, marketable securities and other financial instruments.
In this case, our response must not be limited to domestic countries, and I propose that you immediately contact Singapore, South Korea, the Philippines and other countries and explicitly ask them to help intervene in the Thai baht exchange rate, and you should tell them that if the Asian region does not come together, then the financial markets will prosper and lose. ”
As soon as Li Siwen said this, Villawan frowned: "Each family sweeps the snow in front of their door, will they agree?" ”
"Attitude and fighting, as long as there is a country to help, it will be earned." Li Siwen said.
"What about the second suggestion?" Villawan also came to be interested.
"Second, we must strictly review the behavior of domestic financial institutions lending Thai baht, and even prohibit lending if necessary, of course, this directive may be difficult to enforce, but we must let the outside world see Thailand's attitude and determination to increase the baht."
"And the third?"
"The third and most critical is what you Thailand has overlooked."