blackstone code

Chapter 1466 Something went wrong

"Some troubles..."

The president of the Lemar National Bank is organizing a high-level meeting of the bank. Since President Lemar expressed his dissatisfaction with the federal government, many foreign capitals have frantically fled Lemar.

It's just that now, the effect of the escape of these foreign capitals has not been revealed immediately!

As a country with a loose structure in the eyes of the president, once foreign capital flees, it will be a disaster for the country's financial market.

Ordinary people may not understand this, why the escape of foreign capital will cause financial disasters in Lemar's homeland.

In fact, this is not such a complicated matter, just a bank loan is enough to cause headaches!

During the period when foreign capital engages in business activities in Lemar, all funds are stored in the Lemar National Bank.

The National Bank has temporary access to the money until they are withdrawn, or transferred.

During this period, how to use the money is the bank's own freedom!

Of course, in order to ensure that banks will not overuse this money and cause some unpredictable troubles, all countries have a bottom line.

In areas like Lemar, where finance is not well developed and most of the investment is industrial, the control over funds is a little weaker.

In Lemar National Bank, the total loan amount cannot exceed 80.00% of the total deposit. Compared with the federal 30.00% gap, Lemar seems to have no settings at all!
Because it will only leave a maximum of 18.00% of the total loan to prevent possible runs.

The run did not happen, but the transfer of foreign capital was real!

As soon as the foreign capital was transferred out, the cash flow in the hands of the bank was almost exhausted. This was also an unavoidable thing. No one thought that the president would suddenly offend the federation, and the federation's response was so quick and violent!

By this time, it was too late to say anything.

While asking regional banks in various regions to recover their loans, the National Bank is urging corporate and personal loans as soon as possible.

And this is also the main business of the National Bank.

Because Lemar's financial market order is stable and the economic model is stable, there has never been a problem before.

Now there is a problem, and there is no better way to solve it.

The only way to relieve the pressure on funds is through collection.

The president looked at the colleagues at the conference table who were very serious, but couldn't be said to be annoying to him, and shook his head.

He threw the pen on the table casually, leaned back, and gave himself a comfortable posture, "Let's contact those regional banks first, there are several large fund transfer applications recently, if we still don't approve , there will be trouble."

"Also, contact those international bankers and ask them if they can give us some funds to use first."

There are still several large transfers that have been applied for before, but the National Bank has not approved the money for the time being on the grounds of "procedural procedures".

Fortunately, the federal people expressed their understanding of Lemar's decision last week, which eased the current bilateral situation, otherwise they would definitely have to press.

If it really doesn't work, I can only find other banks to borrow a little money temporarily, and then exchange the money after the loan is fully recovered.

In fact, this kind of lending between banks often happens, for example, among the six major banks of the Federation, they often borrow from each other.

The borrowing between them is not because they have no money, but because, for example, there is a large withdrawal or inter-bank transfer in a certain area, and the cash in the branch or sub-branch is lower than the insurance premium.

It will take time to transfer from the head office. In case someone is out of his mind and hears some rumors, the bank will temporarily borrow some money from the other five banks.

The loan period for these money is very short, and can be replaced after the money from the head office is transferred. It may be three to five days, or it may be a week or ten days and a half months, but it will definitely not be longer.

The Federation has a very rich financial ecological environment, and there are many strong banks, so they are not short of funds.

Because of its special financial and economic environment, there are not many financial activities here.

Sometimes being stable also means being slow or even lagging behind!
Then if the big banks in such a small country are short of money, they will actually borrow.

Some borrow from neighboring countries, and some from international bankers.

It is still a little troublesome to borrow money from neighboring national banks. First of all, this matter will definitely be disclosed.

The bank actually ran out of money. This news is fatal to the bank itself, and people will ask, where the fuck did my money go?

So once a run on the bank breaks out, the bank is really unable to withstand the run, and any bank is the same.

Because of the money, the bank will definitely have to divert it to other financial businesses, and it is impossible for everyone to run on it together.

So borrowing money from international bankers will not let the news leak out.

Those international bankers are also tight-lipped. They know what to say and what not to say.

The international business manager nodded immediately, "I'll contact those people after the meeting."

The general manager nodded slightly, "Remember, this matter must not be revealed. Whoever reveals it and causes a run is a sinner!"

At this very special time, once a run occurs, people will have distrust of the bank, which will in turn lead to distrust of the country, which is not allowed to happen.

Although many of the shares in the National Bank are in the hands of capitalists, the real control of the bank is still the ruling class, otherwise it would not dare to call it the National Bank casually!

After the meeting, the president returned to his office. He hesitated for a moment, then picked up the phone and called President Lemar.

In less than half a minute, the phone was connected, and after the president's voice came from inside, the president's face unconsciously smiled.

"Yes, it's me, Mr. President, I have something I want to talk to you about cash reserves..."

On the phone, he carefully explained how this happened, what process he went through, and the situation he was facing now.

In the end, he also told the president his own solution, but he felt that doing so was not particularly safe.

"I mean, in the event of some sudden change in circumstances, can I be authorized to print an additional batch of cash?"

The National Bank has the right to issue currency, and as long as the Lemar government authorizes it, its money printing machine can be turned on.

There are reserves of raw materials and so on. If the horsepower is fully turned on, they don't even need to borrow money from the outside world, and the additional cash printed is enough to deal with this turmoil.

What the president meant was to print the money first to avoid any unexpected situation. If something really happens that no one wants to see, the money can play a big role.

If no such terrible things happen, the money will be sealed in the treasury and will not be used for the time being. When it is needed, the government will announce additional issuance, and the bank will be able to take out the money directly.

In general, this is a countermeasure, a precautionary measure.

After hearing this, the President had a headache. Many things have troubled him recently, and he is not sensitive to the financial economy. He is not very clear about the consequences of doing so.

Sometimes he felt that Sea God made a joke with him, otherwise how could the situation have become so bad?

Fortunately, the president's explanation was quite careful. After listening to the president's words, the president understood to some extent.

He hesitated for a moment, but soon he became less hesitant.

Compared with the international situation, what is it to print a batch of money in China?
"I agree with your request, let's arrange it immediately. Does this matter need to be kept secret?"

The president held the phone in both hands, "Yes, Mr. President."

"Well, I see. If you have any news, tell me again. The authorization will be delivered to you in the afternoon."

In the afternoon of the same day, two government officials sent the authorization documents to the office of the chief executive for a handover.

At around four o'clock in the afternoon, the coin printing factory started to work, a large amount of raw materials came in and out, and the engineers also came back to work.

In fact, none of them knew what happened, why they suddenly wanted to print a batch of currency.

But this kind of thing is classified as a confidential matter, and with the president's order, everyone didn't say anything.

The newly printed banknotes did not use a new design. Considering issues such as identification and anti-counterfeiting, they made some changes to the previous design.

For example, the printing date is changed to this year, for example, the composition of the Lemar Islands on the front of the banknote is rotated by fifteen degrees.

These are details that cannot be seen without careful inspection, but they can still play an important role in anti-counterfeiting and restricting the circulation of counterfeit money.

This day, I worked until two o'clock in the middle of the night. Under the supervision of the general manager, the plate-making work was completed.

Early the next morning, after seven o'clock, the chief executive drove to the printing factory. When the first version of banknotes exuding the fragrance of ink and still slightly warm appeared in front of him, he had some smiles on his face. .

With this money, the consequences of foreign capital fleeing will be ignored, which also made him breathe a sigh of relief.

After he signed his name on the final plate and also signed a document agreeing to the printing of the plate, the whole mint started to work, and the machinery roared!

Under the rumbling rotation of the printing press, those worthless papers will change from white paper to white paper full of lines, and then to white paper filled with color and become currency. In fact, it will not take a very long time.

The money was piled up step by step, and with the activation and fall of the steam paper cutter, they became a stack of one hundred coins.

The engineers checked again and again, confirmed that they were correct, and took some sample coins back to the general manager.

When the money was in the purse of the chief executive, he felt relaxed.

The President soon found out about this matter, and after confirming that there was no problem in the printing process, he ended the communication between him and the president with the words "Contact me if there is any problem".

He didn't take this matter to heart, but concentrated on dealing with some bad signs in the country, and this was also related to the escape of foreign capital.

(End of this chapter)