Chapter 511 It’s time for us to cut the leeks all over the world.

Yanguo Foreign Exchange Administration.

The sporadic sound of keyboards and discussions echoed in the office area of ​​the fifth team. The strings of red and green numbers on the computer screen were still beating as usual, but compared to the tense crisis half a year ago, the place had already returned to calm.

.

The leader of the fifth group, Lao Gao, pushed open the door and walked into Director Lin Qiang's office.

"Lao Gao, you're here."

Seeing Lao Gao walking in, Bureau Lin greeted him with a smile on his face.

"Forest Bureau, are you looking for me?"

Lao Gao is still like that. No matter where he goes, he still holds a mobile phone in his hand and looks at it from time to time.

Bureau Lin didn't take it seriously at all. He stood up and poured a cup of tea himself and said with a smile:

"How's it going, Lao Gao? Is there any problem with today's exchange rate?"

"There is no problem. The U.S. dollar has depreciated seriously. Now our exchange rate to the U.S. dollar has reached 6.3..."

After saying this, Lao Gao put away his mobile phone, shook his head and said with emotion:

"Who would have thought that half a year ago our exchange rate would fall below the historic mark of 8...and in just six months, instead of breaking 8, it has returned to below 6.5, and has even now exceeded 6.3, the highest exchange rate in more than 20 years.

Already."

"There are no greater ups and downs in life than this."

Bureau Lin laughed, nodded, and said with the same emotion:

"Yes, half a year ago we were worried about the impact of the RMB's substantial depreciation on the economy, but now the situation has changed, and we are actually starting to worry about the impact of the RMB's substantial appreciation!"

Having said this, the forest bureau lowered his voice and said in a mysterious manner:

"Lao Gao, it is said that the central bank has begun to consider more aggressive monetary policies to deal with the substantial appreciation of the RMB."

Lao Gao gave a rare smile.

Of course he could hear the "getting carried away" that could not be hidden in the Forest Bureau's tone.

As a top talent in finance, he is very familiar with these things.

What is the impact of the substantial decrease in RMB exchange rate?

It is the reduction of national purchasing power.

To put it bluntly, money is becoming less and less valuable, prices are rising, and inflation is beginning to emerge.

At this time, the best way is to reduce liquidity, reduce the money put on the market, and increase foreign exchange at the same time.

However, anyone with a little bit of financial common sense knows that once money supply is reduced, economic growth will almost certainly slow down. In the end, inflation may not be resolved, but the economy will not be good.

So... lowering inflation and reducing liquidity, to a certain extent, is another kind of harm to economic development, which makes financial institutions in any country very worried about lowering inflation.

but.

It is much easier for Yan Guo to cope with the appreciation of the exchange rate.

A depreciation of the exchange rate requires tightening monetary policy and reducing currency supply, while in response to an appreciation of the exchange rate, all one needs to do is turn on the money printing machine at full capacity and print money frantically to put it on the market.

"Forest Bureau, isn't this simple?"

“Isn’t it enough that the money printing factory prints money 24 hours a day and then frantically waves the printed RMB around the world to buy it?”

"Should we harvest all the leeks in the world?"

Hahaha.

The forest bureau also laughed.

The current appreciation of the exchange rate means that the purchasing power of the RMB is getting stronger and stronger, and its liquidity in international currencies is getting harder and harder.

At this time, just buy like crazy all over the world. What did Yan Guo pay?

It’s no longer foreign exchange, it’s just pieces of paper printed by yourself!

What do you get in exchange for these pieces of "paper"? They are serious foreign resources and products.

This is the benefit of a strong currency.

This is also one of the so-called monetary hegemonies.

However, the Lin Bureau did not continue the discussion on this issue. After a brief pause, his face suddenly became serious and he asked in a low voice: "Old Gao, when our exchange rate was most difficult, the capital behind the intervention to help stabilize the market has been determined.

?"

"Is it the Phoenix Group?!"

Hearing this, even though half a year had passed, there was still a flash of fluctuation in Lao Gao's eyes.

Six months ago, when the RMB exchange rate nearly collapsed due to conflicts, a mysterious force suddenly appeared and helped the administration completely stabilize the exchange rate at the most critical moment.

Whether it is Wall Street or other capitals around the world, they all believe that Yanguo officials are taking the lead in strong resistance. However, only insiders like Lao Gao know that their side has already run out of ammunition and food. Someone else took action at that critical moment.

!

It was also because of this mysterious capital that the RMB exchange rate was completely stabilized!

The storm is about to collapse, but the building is about to collapse!

It is no exaggeration to say that this behind-the-scenes capital that no one knows about is like a white knight in the dark night, silently protecting the Yan Kingdom!

Later, after the conflict ended quickly, Lao Gao always wanted to know who saved the exchange rate at the most critical moment, but it was as if this capital had never appeared and quietly disappeared.

It wasn't until a chance news came out a few days ago that the financial department of the Phoenix Group might have finally taken action on the exchange rate, that Lao Gao realized that the capital behind the scenes was most likely the Phoenix Group.

but……

Thinking of this, he looked at the Forest Bureau, shook his head and said with some disappointment:

"Not sure."

"Phoenix Group did not respond positively. For them, this may not be something worth publicizing."

Bureau Lin also sighed. When it comes to patterns, Phoenix Group's pattern is truly a pattern.

At this moment, Lao Gao suddenly paused and said with deep emotion:

"But there will always be a day when things will be known."

"The good result is that all foreign capital participating in shorting the RMB this time has been basically wiped out. Judging from the amount of the latest news, these large capital consortiums have lost more than 10 billion US dollars this time!"

"The foreign exchange businesses of Goldman Sachs, Morgan and other large consortiums have been severely damaged in almost all aspects... This time they have really suffered a huge loss."

"Moreover, the worst thing is not our exchange rate, but the crude oil futures. This time they are treated like the biggest leek and have been cut off from the roots."

After hearing this, Bureau Lin walked back to his desk, skillfully opened the crude oil futures trend chart in the computer software, and asked:

"If you don't tell me, I haven't paid attention to it for a long time... By the way, Lao Gao, do you still remember what the highest price of crude oil was six months ago?"

"$115."

After a while, the current price of crude oil futures appeared on the computer screen of the Forestry Bureau.

$16.

"It was 16 US dollars, and now the price is only 16 US dollars... The price has dropped really hard!"

Lao Gao suddenly smiled.

16 US dollars is not low.

Six months ago, after the Phoenix Group suddenly announced the technology to achieve "controllable nuclear fusion", it was the end.

The price of crude oil fell directly from more than 90 US dollars to 40 US dollars, then fell directly to only 9 US dollars the next day, and finally on the third day, the crude oil price fell to negative 21 US dollars!

All overseas capital consortiums that were long in crude oil liquidated their positions one after another, and all long positions were wiped out!

And all this is because of the emergence of "controllable nuclear fusion" technology, which will completely change mankind's dependence on crude oil!

In other words, crude oil is no longer as important as it once was!

Thinking of this, Lao Gao suddenly remembered that today was the meeting of the famous oil organization - "OPEC".

According to news reports, officials from China will also participate in this "OPEC" meeting.

…

PS: Thanks to Sunset 1437 for the huge 1,500 coins.

PS: I know it’s uncomfortable to stop abruptly in the middle and jump directly to half a year later, but there are many things that are beyond the author’s control. Anyone who has been reading knows that the last dozen or so chapters have been very sensitive.

The Light of Domestic Products will be finished on the 28th of this month, which means there are only three days left. I will write the last two chapters in flashbacks to make the ending happy, but it is impossible to write it too straightforwardly.

Thank you for your understanding.
Chapter completed!