The first is the abolition date of the old several-mile currency. Some people suggest that there should be no exchange deadline for the time being. Anyway, the old several-mile currency is no longer issued and the stock is limited. It can be exchanged at any time in the future until it is completely withdrawn from market circulation.

I think this is inappropriate. In fact, from now on, the old dollars will be completely withdrawn from the market. Residents who hold old dollars must exchange them for new dollars if they want to use them.

And you need to set a redemption deadline. I suggest that the shortest time is half a year, and the longest time should not be more than two years.

These are actually minor problems. Old several-mile coins are only circulated in the country, and local ordinary people have no savings habits. And the hard currencies hoarded by gangs in the country are all rice gold, Luo yuan and gold.

The process of issuing new currency this time will truly test the mobilization and publicity capabilities of our grassroots organizations. Through currency exchange, we must publicize the establishment of New Guinea and various policies to every corner of Guilin.

The real big issues and the most important disputes focus on two points, the opening of the financial market and free trade. First of all, my personal opinion is that given the current situation of the country, the financial market must be strictly controlled, and the new Guinea currency must not be free.

exchange.

As for the domestic trade market, it cannot be fully opened to allow foreign capital to enter and exit at will. Some people say that the country of Kyrgyzstan had this kind of policy before. We are now stronger and have a higher level of management, so why can't we continue?

As a digression, when the International Monetary Fund provides assistance to countries in debt crisis and financial crisis, it will have additional conditions, or in other words, it will prescribe a prescription.

This prescription has two focuses, privatization and open market, also known as shock therapy.

Why didn't anyone prescribe this prescription to Jiliguo? Don't we deserve help? The reason is very simple. Jiliguo has been in shock for many years, has become too cold, and is no longer profitable, so it was abandoned.

Let’s talk about privatization reform first. Its theory is to sell state-owned assets to improve finances in the short term, and at the same time transfer poorly managed state-owned assets to private capital management, thereby improving efficiency.

Do you think there is any problem with this theory? Selling state-owned assets to improve finances is completely unsustainable, because the assets will always be sold out. What will happen in the next crisis?

For example, the country of Jili once had almost no state-owned assets, everything that could be sold was sold out, and even the entire country was divided by major armed forces. But our current First Five-Year Plan is to build up some wealth again.

come out.

Is this an inevitable result that private capital operations can improve efficiency? Combined with privatization reforms, some people will make the industries they operate inefficient and lose money, thereby achieving the goal of low-cost privatization for their own personal benefit.

Therefore, the problem we have to solve is how to prevent corruption and improve efficiency when operating non-privatized industries, instead of letting some people see the profit opportunities of privatization.

This problem is difficult to solve, but it is what we should work towards.

As for open free trade, it is integrated with privatization in the prescription. International capital can directly purchase the materials they want, especially the acquisition of production materials, including land, mines, reservoirs, power stations, docks, telecommunications...

We also have private enterprises, but their competitiveness is far from sufficient. They are either absorbed or squeezed out of the market.

Some people can also become spokespersons for international capital, first obtain capital support to acquire state-owned assets from within, and then transfer them for profit. Another way is to immigrate, allowing asset owners to directly become foreigners, thereby changing the ownership of the assets.

The previous system design and various policies of the Kingdom of Miles were within this system, which is equivalent to dangerous streaking. If we continue to be as bad as before, we may not encounter the things just mentioned.

But once the country develops and accumulates enough wealth worth harvesting in the future, it will definitely encounter such a thing.

International capital cannot be evaluated with good intentions or bad intentions. As long as you give others the opportunity to harvest, someone will definitely come to harvest!

Others say that the current wealth creation model is different from that of the last century. At the top of the food chain is financial capital, followed by capital that controls the consumer market, and the final profit belongs to manufacturing production.

This is reality, but it is unreasonable and unfair. Just like the country of Jili, the various status quos are unreasonable and unfair, so we have to overthrow it and build a new country.

We are powerless to change what the entire world is like now, but when our own country has a choice, we must be careful not to embark on such a path again.

In a group discussion after dinner yesterday, Commissioner Tang Sen explained a case. The harvesting of international capital at the national level has become very simple and crude since the end of the last century, directly through the currency market.

If our domestic market is completely open and our kilograms are freely convertible, and someone is shorting in the currency market and selling kilograms on a large scale, we will need to sell foreign exchange reserves to stabilize the exchange rate. Who can do this in this war?

win?

You need to pay attention to the internationally accepted trading rules. The other party can use leverage to sell several miles of coins, or you can overdraft the currency. You don't need to actually have a few miles of coins in hand, just have rice gold as collateral.

When the time comes for delivery of the few miles of coins they sell in short orders, the delivery will be calculated directly in rice gold according to the exchange rate at that time, without having to pay several miles of coins!

The foreign exchange reserves we are selling require real foreign exchange. Even if we can do leverage financing in the market, the foreign exchange must be delivered when the time comes.

This kind of currency war is different from what many people imagine. It does not have any superb skills, let alone any profound academic theory. It is based on unequal rules.

Under this set of rules, Jili Country is destined to fail!

By that time, the local currency will depreciate significantly, the country's foreign exchange reserves will be exhausted, and overdrafts will form a large amount of debt. International capital will not only make huge profits, but also enter the market at the lowest cost and acquire valuable assets within our borders.

We haven't developed yet. If our hard work for many years is harvested in one fell swoop and the economy regresses for ten or even decades, the frustration will be indescribable, and we'd better not experience it.

Ever since many years ago, when gold futures trading could not use physical gold for final delivery, but pay cash based on the current quoted price, international financial capital has completely torn it off.

We can't win at this gambling table, because the casino is opened by others and the rules are set by others.

In the past, the gamblers who lost everything in the country of Jili have been kicked off this gambling table. We must not think about saving more money and then go to this gambling table to make money again, but we should not think about it again.

Participate in gambling..."

Tang Senzhi got a small whiteboard last night and explained several cases to the members of the same group. The first was the battle between Mikin and Sabah, which was the famous Sabah market in the history of international finance.

It occurred at the end of the last century and triggered financial crises in a series of countries.

If a currency system that is completely open to exchange is established, given the size of the country's economy, the New Guinea Dollar will be just a small bubble next to the vast ocean.

Whether it's rice gold or Luo Yuan, or even Dong Guo coins, as long as you put a little water in it, and someone who is willing to stir up a storm can wash away the small bubbles.

What if a few miles of coins are used to release water on their own? It has no impact on Wang Yang at all, and can only destroy itself.

Therefore, Hua Zhenxing, Tang Senzhi and others all firmly believe that the New Guinea Dollar cannot be freely converted. This is somewhat based on the financial policy of the East Country. The East Country currency is also not freely convertible, which has long been criticized by the Western world.

.

Tang Sen also cited another small example yesterday, which was about complete market opening and free trade.

If in this extreme situation, a large capital group can purchase most of the cassava in the country, unless you forcibly prohibit selling it to it, otherwise it will lead to famine.

Someone may ask again, if you get foreign exchange from selling cassava, you can also go to the market to buy food? But there is no cassava in the domestic market, and the price of rice, wheat and other staple foods in the international market is much higher than that of cassava with the same calories.

Even if you use all this income to buy rice and wheat, not to mention whether you can make it in time or whether they will sell it to you, it will not be enough to feed the same number of people.

So if you are not careful, someone can create famine for you, triggering social unrest, and at the same time supporting opposition forces to subvert the regime. This kind of thing has been seen too much in the Black Wasteland, and there are many other tricks.

Nowadays, there must be market protection measures to decide at the national level what can be exported and how much, and what needs to be imported and how much should be imported.

Kilili Country was originally a strange country. One of the strange things was that there was no foreign exchange control policy at all. A large amount of foreign exchange was not in the hands of the central bank. It was mainly hoarded by various gangs within the country and could be freely circulated.

When the expert group formulates financial policies, some basic concepts still need to be repeatedly emphasized and clarified.

For example, the New Guinea Currency is not freely convertible, and the Kingdom of Guinea cannot completely open its market for free trade, but foreign investment and consumption are also welcome, as long as it complies with the policies and laws of the Kingdom of Guinea.

However, foreign currency cannot be used directly for consumption and investment. After entering the country, you must first exchange it into new currency, and then you can enter the investment and consumption fields. Many people don't even have this concept.

It's no wonder that all the major gangs used to trade directly with rice gold, Luo yuan, and gold. Many people here didn't realize there was anything wrong with this situation, and they weren't studying economics anyway.

They are all introducing foreign capital. Why do they need to go through such extra procedures? Hua Zhenxing and others have to waste their time explaining. After the foreign capital is converted into new Guinea dollars, and then enters the investment and consumption fields, it is converted into the foreign exchange reserves of the Central Bank of Guinea.

.

If it is directly circulated and used, it will become foreign currency cash for various merchants and enterprises, which is equivalent to annexing the market and financial system of several countries without any hindrance.

Small sporadic private transactions are fine, but when it comes to large-scale investments and acquisitions, this is absolutely impossible.

Hua Zhenxing continued: "As for foreign exchange policy, based on the special situation of the Kingdom of Kilin, it is recommended that we recognize three international currencies at the same time, the rice gold, the Luo yuan and the Dongguo currency.

At present, we have the most cooperation with Dongguo and have the most channels to obtain Dongguo currency. Dongguo currency can buy almost most products in the world, but there are also some things that Dongguo itself needs to import.

For example, minerals and crude oil are things we strive to produce ourselves.

What I want to focus on today is a special situation.

Huanxiang Industrial has built a razor wire fence in the northern part of Fesuo Port. To the north of the fence is the agricultural reclamation area of ​​​​the Beiluo River Basin. Currently, three towns have been built, and a large number of Dongguo aid workers and their families live there.

Next, we will build a special zone called Huanxiang Special Zone, which covers the existing agricultural reclamation area and the northern wasteland, which is also the land of Huanxiang Industrial.

In order to create a more convenient living environment for these construction aid workers, Dongguo currency can be directly circulated in the Huanxiang Special Zone. The wages of Dongguo construction aid workers are Dongguo currency, and they can also use Dongguo currency to directly spend money in the special zone.

.

Dongguo staff employed by Huanxiang Industrial are also paid in Dongguo currency in the special zone, and the currency source is raised by Huanxiang Industrial itself.

That razor-striped fence is not a physical dividing line, but also a firewall for monetary policy.

In the Huanxiang Special Zone north of the grille, Dongguo currency can be circulated directly, mainly in the investment and service fields. However, when going to Fesoport City and other states in the country south of the grille, it needs to be exchanged for new currency.

Only a few miles of coins can be invested and consumed.

I also noticed one thing. Kilili Country has not yet had an officially released, official country map.

In the past, the maps used by various states and regions were inconsistent. Many areas were divided using colonial-era territorial lines, others based on occupied areas or even claimed areas, and some even based on tribal legends.

Now we are going to release an official national map and start cultivating national consciousness based on tribal consciousness. In order to pave the way for certain future plans, on this official map, I suggest marking the Huanxiang Special Zone in different colors..."

When they heard this sentence, some people's expressions changed slightly, as if they had figured something out. Some people were completely indifferent, neither knowing what was going on nor reacting. As for Charles, his expression remained unchanged, as if he had known it for a long time.
Chapter completed!