King Who Will Cross

The news of the new Tuvalu currency spread throughout the world in a short period of time. ΩNovel ┡

For ordinary people, a country's currency is a very normal thing, and there is nothing to make a fuss about.

But for many people working in the financial industry, this is something that they have to pay attention to.

Because there is a financial method called foreign exchange speculation.

But when those who thought they could make considerable profits through the new Tuvalu currency, after understanding the situation clearly, they couldn't help but complain.

Only 2 billion Singapore dollars have been paid? How can we play with it? An executive of a certain fund began to complain at a regular meeting.

This is still a trivial matter. The most important thing is that they don't open foreign exchange business in New Tuvalu! Another executive also complained and said: Now, except for citizens of New Tuvalu, they can conduct foreign exchange. In addition to the service of exchanging new currency, non-citizens of New Tuvalu who want to exchange new currency must go to New Tuvalu and then exchange the same amount of new currency according to their personal consumption budget.”

Someone suggested: We can contact a group of new Tuvalu citizens and ask them to help exchange new currency. Although the total amount of 2 billion is relatively small, if we can grasp part of it, we can operate it.

You really think too much. Someone immediately retorted: Let's not talk about how many New Tuvalu citizens we can contact, and how likely it is that such a large-scale operation will be discovered. Let's just talk about New Tuvalu. Lu’s limit on citizens’ exchange of new currency prevents us from obtaining new currency in large quantities.”

Limit? Apparently some people didn't know the news yet and couldn't help but ask: What should citizens do if they want to spend a large amount of money?

You can swipe your card for large purchases, and the cash exchange limit is controlled. Someone explained: If the new currency is in the account of a new Tuvalu citizen, there is no way to directly trade with foreign countries. It needs to be converted into foreign currency. , to be able to trade directly.”

It's so troublesome? Are the citizens of New Tuvalu willing to do it?

Of course I am willing. When they use this new currency to spend in New Tuvalu, they can get bonus points, and these bonus points are related to the level of the living allowance they can receive every month. How could they not Do you want to?

This method is really clever. Someone commented: When he announced that every citizen's living allowance can reach 3,000 US dollars per month, I have been waiting to see his joke. Because when New Tuva After Lu's population reaches one million, the monthly expenditure will be simply an astronomical figure.

He is not stupid! Look at the legal system and scoring system of the new Tuvalu. How many people can receive full living allowance? A senior executive also admired and said: In addition, Most of the industries in New Tuvalu belong to him, and the money given to the people will go back to his pockets. Whether it is goods or public services, there is profit, just like New Tuvalu The houses that the Tuvalu people live in now have to pay rent. In the short term, this is a loss-making transaction, but when the population of New Tuvalu increases to a certain number, his payment will become less and less. Because as time passes, As the market grows, costs will fall and profits will increase.

Another person answered and said: Now, he directly pays the new currency. Whether it is living subsidies or people's consumption, all the money is printed by him, and there is no need for additional expenditures at all.

The CEO of this fund company said: You have all overlooked one point, that is, His Majesty the King of New Tuvalu has many high-profit industries. For example, VR glasses, or even other derivatives of 3D projection technology, or They are silicon batteries, which are about to become necessities for human life. If the new Tuvaluans use these products, in fact, it is only equivalent to purchasing these products at cost price. In other words... the money he gave out, in the end It will all go back into his pocket, and even more.

When others were about to continue discussing the cost of the monthly living allowance paid to the people by His Majesty the King of Tuvalu, someone cautiously said something.

Everyone, we... seem to be having a meeting to discuss how to make profits from the new currency of the New Tuvalu Bank.

The others woke up instantly. The content of the meeting was off-topic, which was not what they, self-proclaimed social elites, should do.

I think there is no need to discuss it. A senior executive said: With New Tuvalu's current defensive posture, it is simply impossible for us to make profits by manipulating the market exchange rate of the new currency in a short period of time.

It is not unthinkable for these elites to ignore a country's official exchange rate and manipulate the country's market exchange rate to make profits.

In the financial industry, they are gods. Not to mention a small country like New Tuvalu, even Thailand had a large chunk of its bones chewed off by a certain financial giant, turning the Thai baht into almost useless paper.

The CEO of this fund concluded: “Now, all we have to do is wait for New Tuvalu to officially open its external currency exchange business, or issue national debt, or even use new currency to import various goods from foreign countries. As long as If there is a hole in their defense, then we can cut a piece of flesh off them.

There are many companies similar to this fund company, but these people have almost made the same conclusion.

Li Daniu, who was holding a regular meeting at the New Tuvalu Palace, didn't know how many people had ideas for him, but he could imagine it.

Burns, are there any problems with current prices and the exchange rate of Singapore dollars?

Burns talks about his profession with more confidence than when talking about other government affairs.

Your Majesty the King, please rest assured that the method we have formulated can be said to be the stupidest method in the world. But the stupidest method is the most effective method to resist financial attacks in a short period of time.

In fact, the current monetary policy of New Tuvalu is completely closed to the country and has its own internal system. Without external interfaces, how could those foreign financial organizations take action?

As for New Tuvalu, although there are some people who know the relevant knowledge. But because of the exchange quota and the price bureau's regulations on the value of goods, there was no chance to make a move. The most important thing is that so far, almost all foreigners who have chosen to immigrate to New Tuvalu are people who did not do well in their original countries.

Together, these people can't exchange S$2 billion, so what do they have to worry about?

Although this strict defense method is effective, it is still a temporary solution rather than a permanent solution. Li Daniu ordered: I hope you can introduce more detailed policies as soon as possible to fundamentally solve this problem of worrying about financial attacks. At the same time, , we should encourage more of our current citizens to start businesses. Only when per capita income increases and consumption power increases, will the GDP of the entire country rise. Relying solely on my own industry to drive the GDP of the country is not a long-term solution after all.

After hearing Li Daniu's words, everyone participating in the meeting looked ashamed. These people are all the main leaders of the new Tuvalu government. All their current funds are loans they received from Li Daniu.

Although Li Daniu's properties are all registered in New Tuvalu, because of the royal family's privileges, he does not need to pay a penny of tax at all. And depending on the current business climate in New Tuvalu, it is very difficult to pay the salaries of all government personnel through taxes.

Burns replied: Your Majesty the King, please rest assured that we will do our best to let our new Tuvalu's business develop. Whether it is by allowing citizens to start businesses or attracting foreign investment, we will definitely make our new Tuvalu The total GDP has grown by leaps and bounds.

I hope you can give me a satisfactory answer then. Li Daniu said seriously: But I need to remind you that some industries that can boost GDP must not be done, such as those that pollute the environment seriously. If any citizens want to To make this kind of investment, they can build factories abroad and then sell domestically. (To be continued.)