British Civil Servant

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"But having said that, what do your French shareholders think of the good news in Libya. I think the key is whether the French government can provide stable work in Libya. The current situation is very clear, even if Britain and France are standing Together, we can only withstand pressure from the United States or the Soviet Union, and together we and France still have 20 million square kilometers of colonies. The more our interests overlap, the easier it will be to cooperate.”

Freed from being unable to breathe, Alan Wilson hasn't forgotten to ask Pamela Mountbatten about the progress of Libyan oil.

"I don't think it's a problem. The French are very enthusiastic about this." Pamela Mountbatten expressed optimism. "For this reason, I even apologized to the French on some occasions."

"This? Well! It's really time for unity." Alan Wilson opened his mouth, but he couldn't say anything.

If you are in the French perspective after the First World War, then you see things like this. Britain and the United States, who fought side by side during the war, are now condemning France for being harsh on Germany. On the one hand, they forbeared Germany, on the other hand, they gave Germany loans and investments, and even repaid France's debts during the war.

In World War II, France did not surrender, but was defeated. Although the territory of France is very large in Europe, it does not have the capital for a protracted war. In the short time before France's defeat, it also caused 200,000 to Germany. casualties.

Most countries in Europe do not have a fault tolerance rate, and the same is true for the Soviet Union now, so even if Alan Wilson believed that the Soviet Union would not really invade Europe, he could not convince others. After all, the current Europe is intolerant of mistakes.

He really wanted to find a balance, but when he really started looking for it, he realized that it was not so easy to find.

On this day, Alan Wilson received a telegram about the preparations for the new banknotes of British Malaya. The new banknotes have been printed and are ready to be put into the market. The basic conditions for currency reform are in place.

Alan Wilson thinks this is a good time, after all, the Americans are busy and the Soviets can't reach them. It's a quiet time! The news was revealed to Pamela Mountbatten, "Honey, are you interested in opening a bank?"

"In Malaya?" Pamela Mountbatten asked back, and then saw Alan Wilson nod, and went further and asked, "Is there any reference to your work in Malaya?"

"It's about the same as the Hong Kong dollar." Alan Wilson told the truth. Taking the Hong Kong dollar as an example, the most beautiful time of the Hong Kong dollar should be in the early years of the Republic of China. At that time, the Hong Kong dollar was not only the currency of a city, but the currency in circulation in the entire Pearl River Delta. .

After all, compared with the chaotic political situation at that time, Hong Kong, which is managed by the United Kingdom, is very stable, not to mention that the Hong Kong dollar is pegged to the British pound.

"I want to discuss it with my mother!" Pamela Mountbatten added after a pause. "Mother knows a lot of bankers and has many friends with Jews in the United States. Of course, we will certainly not go against the interests of the British Empire. But this kind of Professional things, I want to know about it, what do you think?"

"No problem! The issuance of Asian sterling will definitely require several banks to play a regulatory role." Alan Wilson revealed, "If the exchange rates of neighboring countries are unstable, the use of Asian sterling may expand. It depends on the future. Is there a gap in development between Malaya and its neighbors?"

As for the Asian pound, it must be bound to the pound by using the pound as a spear. Where Asian sterling is circulated, it will also become a reservoir for sterling.

When researching the value of the Asian pound before, according to the local basic conditions, Alan Wilson submitted a proposal to exchange one pound for six Asian pounds, and fixed the currency value accordingly.

After Whitehall conducted an investigation, the exchange rate was set at one to eight. For example: if the current market exchange rate is eight Asian pounds to one pound, the bank can exchange seven and eight Asian pounds for one pound, so that every exchange of one pound A profit of 0.2 Asian pound can be obtained. Banks would buy and sell Asian pounds in the market and the exchange rate would drop until it was close to the real exchange rate.

If the current market exchange rate is 7.5 Asian pound to 1 pound, the bank can exchange 1 pound to the issuing bank for 7.5 Asian pound, so that for every pound sold, a profit of 0.3 Asian pound can be obtained. Banks would buy British pounds and sell Asian pounds in the market, and the exchange rate would rise until it was close to the real exchange rate.

Under this kind of operation, the initiative lies entirely in the British pound. The basis for this implementation is that in the early stage, the United Kingdom must find a way to maintain the value of the Asian British pound. The value of the Asian British pound must be more stable than the currencies of neighboring countries.

This stabilization means includes, but is not limited to, financial support, industrial support and even military support. The African franc was forcibly promoted in the French-speaking region in Africa by relying on the military power of France.

But for the UK, military support alone is not enough, there must be financial and industrial support. Few countries must dig the foundation of the French because of poor Africa.

But changing to British Malaya is not necessarily the case, the Strait of Malacca is not generally important. After all, although Britain and France are both colonial empires, the value of the colonies occupied by the two countries is not the same.

This logic can be roughly understood by replacing gold in the gold standard with money. When a shop that issues paper gold has less and less gold reserves, what does it mean for the paper it issues? Similarly, when the central bank's currency reserves decline, it means something for the renminbi.

Compare the difference between high-consumption countries and high-saving countries. The euro area is a place with extremely high debt in later generations. The rise in debt means that when the flow rate of broad money decreases, deflation occurs, and companies owe money at that time. And money getting more expensive is equivalent to rising real debt. When the scale of debt continues to rise, the central bank will do the opposite, making money cheaper, which is equivalent to reducing the debt of companies and preventing the occurrence of a deflationary spiral.

Each has advantages and disadvantages. Just like Prime Minister Attlee said, we have to combine the advantages of capitalism and socialism to create the Socialist Union of Great Britain...

There may not be one bank issuing Asian pounds, for example, there are three Hong Kong dollars in Hong Kong;

If Malaya wants to issue Asian pounds, it must hand over one pound and receive a certificate of indebtedness before printing money. When the note-issuing bank wants to withdraw the banknotes, it has to take out the proof of debt and exchange it back to the bank for pounds, and then exchange it back from the market for Asian pounds.

Pamela Mountbatten doesn't understand it, and Ellen Wilson doesn't understand it, but her mother Edwina Ashley understands very well, seeing the good son-in-law who is a high commissioner in British Malaya, related issues are disclosed.

Edwina Ashley immediately told her daughter that this opportunity should be seized, and even went directly to find out about the situation with Alan Wilson.

"At this stage, we just need to change the currency and replace the currency that used to flow with the new Asian pound." Alan Wilson pondered for a while, "The formal currency reform will start after the old banknotes are out of circulation, I think a few months. Then you can start.”

When it comes to the issue of currency, Alan Wilson doesn't dare to pat his chest with a big wave of his hand. He really wants to be as domineering as Modi's old fairy. With a demonetization order, he can finish everything in a short time.

But everyone is backed by Hindu populism. Alan Wilson does not. Not only does he not, he is also the head of the local colonial government, a pure foreign colonizer.

The British Empire and the general European colonial countries are different, similar to France and Portugal are ruled. Britain, so to speak, ruled rather than ruled, and is only now beginning to make the transition to direct management. He didn't dare to take a shot in Malaya's head!

After messing up Malaya, the United Kingdom does not have another colony that is suitable for spare tires. Even if he is confident, Alan Wilson does not think that he can lead a group of black uncles in Africa and have a good relationship with Japan.

"That is to say, it is now in the currency exchange stage, and you ask Pamela to set up a bank to play part of the central bank's responsibilities." Edwina Ashley thought about it, "Does it feel smooth?"

"It shouldn't be a problem. It was initially decided to use three banks to share the responsibility of the central bank." Alan Wilson said with reservations, "Of course, I am a civil servant, and I don't understand all financial knowledge, but I just have this idea."

"No, Ellen, you actually understand." Edwina Ashley praised ~www.wuxiaspot.com~ Pamela was completely attracted by your talent. "

Talent? Have that kind of thing yourself? Alan Wilson asked himself, is it not the ability of money?

When Alan Wilson heard the word talent applied to himself, he immediately thought of a sentence, do you think I can't find you if I hide here? It's useless, no matter where a man as good as you is, he is as bright and outstanding as a flaming worm in the dark night...

Touching the stubborn stubble on his chin, Alan Wilson's eyes became melancholy.

With the fierce fighting in the Busan defensive circle, the currency exchange of British Malaya was officially launched. On such an important occasion, it was indeed unreasonable for Alan Wilson to lose contact at a glance in Europe.

But there is no way. If it is not too far away, he would like to go to the United States to comfort Great Britain Treasure, who is nervous about filming. Even so, he keeps frequent contact with Vivien Leigh, and communicates his thoughts about the national treasure through telegrams.

"When I settle the payment, I will go to Malaya to buy a manor to accompany you." Vivien Leigh looked at her son in the stroller, full of the man's shadow.

Ms. Vivien Leigh, the major shareholder of Lianmei Pictures, walked over and picked up her son, feeling that life was full of light.

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