King Who Will Cross

When the press conference was held, the 300-person conference room was already filled with reporters from all over the world. Almost all of these people were arranged to be based in New Tuvalu by their own media. ┡Novel┡

When Li Daniu stepped onto the podium, the reporters on the scene raised their hands in unison and wanted to ask questions.

I'm sorry. Li Daniu smiled and said, The question time is not yet up. It will be question time after I announce the relevant information about the new Royal Bank of Tuvalu.

Many reporters immediately put down their raised hands, took out relevant equipment, and prepared to start recording.

Li Daniu said: The Royal Bank of New Tuvalu is a bank jointly controlled by the royal family of New Tuvalu and the government of New Tuvalu. It is not a state-owned bank or a private bank.

So what is its nature?

The Royal Bank of New Tuvalu has the power to issue the legal tender of New Tuvalu in accordance with the coinage law promulgated by New Tuvalu.

Who doesn’t know that you have the final say in the new Tuvalu government?

“According to the relevant provisions of the new Tuvalu Currency Law, in the short term, the new Tuvalu legal currency, that is, the external exchange rate of the new currency, will be stipulated by our new Tuvalu government. At present, the new currency pair formulated by our government The exchange rate of the US dollar is 1:1, and the exchange rate of the legal currencies of other countries will be used as a reference, but it will not be a complete reference!

Are you, New Tuvalu, planning to allow this currency to circulate only in New Tuvalu?

When Li Daniu introduced relevant information about the new Royal Bank of Tuvalu, the reporters in the audience began to make crazy complaints in their hearts. However, even though these reporters had many doubts, no one dared to interrupt Li Daniu's speech regardless of the order of the venue.

In New Tuvalu, disrespecting the king is a serious crime. None of these reporters would be unaware of the origins of the previous diplomatic incident between Tuvalu and Japan.

After Li Daniu announced that it was time for questions, all the reporters raised their hands in unison.

A reporter who was called out asked: Your Majesty the King, I am a reporter for..., may I ask, how much of the share structure of the new Royal Bank of Tuvalu does your royal family and the government each occupy?

Although everyone knows that Li Daniu, the king of New Tuvalu, has the final say in the current government of New Tuvalu, this issue still deserves concern. Because so far, the royal family of New Tuvalu only has Li Daniu. Many people have expected that if something unexpected happens to Li Daniu,

Then, the government of the new Tuvalu will become completely independent.

This is a commercial secret, so it is not convenient for the new Royal Bank of Tuvalu to disclose it to the public when it has no plans to raise funds or go public.

Before the reporter was about to ask further questions, Li Daniu named another reporter.

Your Majesty, as we all know, the legal value of currency circulation depends on the economic strength of the country represented by the traveler. What is the guarantee for the currency of your country? As far as I know, your country's current tax revenue is almost zero. , and the government has no related industries.”

Li Daniu replied: This is why we established the new Royal Bank of Tuvalu. When the government did not have a corresponding economic strength foundation, the royal family represented by me provided guarantee for the currency. In addition to preparing a considerable amount of gold reserves, we In addition, the ownership of all the land, infrastructure, and buildings I own in New Tuvalu will also be transferred to the Royal Bank.

After hearing Li Daniu's explanation, many reporters finally understood why he just said that the share structure of the Royal Bank of New Tuvalu was a commercial secret. Obviously, after Li Daniu has given away so many industries, the government, which is completely dependent on Li Daniu's support to survive, will definitely have very few shares.

Even if the amount of debt currently owed by the new Tuvalu government to Li Daniu is included, the shares owned by the government will definitely be mortgaged to Li Daniu in some way.

Many reporters couldn't help but wonder, since this is the case, why does it have to be said that the government also owns a certain share?

Just to put on a nice layer of clothes?

Another reporter asked: Your Majesty the King, most of the current international exchange rates are determined based on market rules. Will your country's mandatory exchange rate of the new currency cause other countries to refuse to recognize it?

As you said, the market has rules. Li Daniu said: Whether the international market will recognize the new currency or not, let the market verify it.

Li Daniu is not worried about this. In fact, it is not impossible for the country to forcibly set the exchange rate with other countries' currencies when issuing currency. Many countries, including China, have relevant policies, which are commonly known as official prices.

Your Majesty the King, I just noticed that after applying for a new card, citizens of your country directly received new currency equivalent to the US dollar, which is the living allowance for new Tuvalu citizens that you stipulated before. A reporter asked this Many people are concerned about the question: So, how can you guarantee that the previously promised monthly living allowance of US$3,000 will have the same purchasing power after being converted into the equivalent amount of new currency?

What I want to explain is that this policy of converting U.S. dollars into new currencies is not mandatory. Li Daniu explained: If some citizens don't like new currencies, they can receive the same amount of U.S. dollars. In other words, using new currencies The currency is exchanged for U.S. dollars according to the official exchange rate. In this case, the purchasing power abroad will not change at all.”

As for our domestic purchasing power, our newly established Price Bureau will carry out pricing plans based on the purchasing power of US dollars for all goods on the market. Even if you use new currency to purchase, you can get a certain degree of discount. , so there is no need to worry about our domestic purchasing power.”

Also, what I want to say is that the U.S. dollar may also depreciate, and the exchange rate of the Singapore dollar against the U.S. dollar cannot be static. All this must be verified by the market.

Another reporter stood up and asked: Your Majesty, what is the amount of currency in the first batch of banks in your country?

The amount of the first batch of currency is S$2 billion.

Printed money is not the same as the numbers in the bank. The annual GDP of the United States is over ten trillion U.S. dollars, but the U.S. dollars circulating in the global market are only a few hundred billion U.S. dollars.

Judging from the current population and spending power of New Tuvalu, SGD 2 billion in real currency is simply more than enough.

Your Majesty the King, as we all know, almost all banks with currency execution powers will not be involved in external business. Does your country's Royal Bank want to break this routine?

Li Daniu laughed and said: In view of the national conditions of our new Tuvalu, we can only take the path with the characteristics of the new Tuvalu. Because there are no other countries with similar national conditions to our country, so what you are talking about is not a common practice.

After answering many more questions, Li Daniu's mouth was a little dry even with his current physical condition. But apart from him, there was no one else in New Tuvalu who could host this press conference.

Neither the current president of the Royal Bank nor Prime Minister Burns can fully represent the new Tuvalu government and the Royal Bank.

After the press conference, many reporters went back to catch up on their reports. Li Daniu, on the other hand, started a new round of online television speeches to once again convey the message of the New Royal Bank of Tuvalu to all New Tuvalu citizens.

For those foreign immigrants who were already panicking after receiving the news, Li Daniu's online TV speech was like a shot in the arm.

You can exchange it for U.S. dollars at any time, and you can get a certain degree of discount with the same purchasing power as the U.S. dollar.

This is simply their King, once again giving them benefits.

Li Daniu, who returned to his office, asked: How do citizens respond to the new currency?

Burns replied: According to relevant information, the vast majority of citizens have strong support for our preferential policies. After all, it will take time for them to get a government score. But if they use new currency, You can add points to varying degrees according to the amount of consumption.” (To be continued.)