Rebirth of the Super Banking System

Four thousand tons.

On value.

It has exceeded one trillion yuan. It is equivalent to saying that the gold dug out from the ground this year alone exceeded the GDP of most countries.

Really.

Impressed.

If such a gold mine was also found in China, how good would it be? If so, China’s gold reserves will soon surpass that of the United States.

Ranked first in the world.

At that time.

International confidence in the renminbi will be stronger.

of course.

There are also drawbacks.

now.

The United States has been clamoring that the renminbi should appreciate. And China Xia’s strategy is to be stable, because too fast appreciation will greatly impact exports.

and so.

Even if the reserves actually surpass the United States, there will be a high probability of being clumsy.

"Ugh!"

Sun Jiang sighed.

The road to China's rise is not easy. At every step, you have to be cautious. You can't do it too quickly. The stall is too big and you must be cautious.

Seek fast in stability.

. . .

at this time.

After China announced its gold reserves, India once again misfired.

A well-known Indian economist said on television, “India needs more gold reserves to maintain currency confidence.”

"Suggest."

“The authorities recycle private gold in large quantities, or buy it overseas, so that at least India’s gold reserves will exceed 2,000 tons in order to deal with future risks.”

"..."

Talking eloquently for ten minutes.

One sentence.

--- Collect gold.

otherwise.

With the existing Reserve of the Central Bank of India, it is impossible for the rupee to truly go international, which is considered to seriously restrict the future development of the rupee.

at the same time.

A series of additional measures such as cracking down on counterfeit currency and maintaining confidence in the rupee were also put forward, but the core point is to increase the central bank’s gold reserves.

Upon hearing this.

The answer is like a cloud.

"This is a good idea. Our folks have the best gold in the world."

"Yes, who can compare?"

"buy."

"As long as we are willing, who has more gold than we have in India?"

"Hmm."

"..."

A large number of Indians feel that this is the only move that can raise the rupee. He was beaten in the face one after another, his face was hot, and I wanted to get back a round.

To know.

India’s private gold is almost the highest in the world, and none of them can exceed Burmese’s reserves even if 20% is recycled.

this point.

They are very confident.

then.

The major media in India began to report on this method one after another, advocating the benefits. Even the Indian authorities have spoken about their willingness to recycle gold at a high price.

just.

The reality is a bit cruel.

Thunder, little rain.

Counterfeit currency.

Devaluation.

It is the rupee, the biggest obstacle, everyone would rather save gold than cash. You can verbally support, but you have to come up with your own gold.

To exchange for the rupee that may depreciate at any time?

cut!

When am I stupid?

The price of gold is rising and the rupee is depreciating. Everyone knows how to choose, so an interesting phenomenon arises, the word of generosity on the Internet in India.

but.

The place where the official gold purchases are made can be seen.

. . .

See here.

"..."

The Indian authorities were speechless for a while, saying good and sincere? Routines are all routines. Just say and don't do it. How can you do this? It's so irritating.

in this way.

What else to talk about the rise of the rupee?

Humph!

The digging is almost the same.

but.

The authorities also know.

There is also half of the responsibility for this. If nothing else, the authorities have an inescapable responsibility for the huge amount of counterfeit currency circulating in the Indian market.

Blow?

Yes I do!

however.

The difficulty is too great, because many of the counterfeit coins have deep backgrounds. From the outside, India is a whole, but the internal states are almost like small countries.

Taxation policies are different.

headache.

It seems.

We can only wait for the limelight to pass, what should we do, this kind of eloquence has appeared countless times, and in many cases, it is huge.

result.

Shouting.

Shouting.

on. . . Get used to it, there is no more to follow.

. . .

And just after all countries had digested Myanmar’s more than 3,000 tons of gold reserves, on November 25, Myanmar once again released a heavy news.

from now on.

Suspend the annual gold sale.

changed.

At the beginning of next month, the Bank of Myanmar will launch the first batch of 300 billion Asian dollar ‘gold treasury bonds’. The bonds have a three-year term and promise zero interest on the bonds.

Yes it is.

No interest will be given on maturity.

however.

Three years later, they can be exchanged for the same amount of gold at the current market price, or exchanged for the equivalent Asian dollar at the gold price on the maturity date.

at the same time.

This batch of gold treasury bonds can only be bought with Asian dollars.

Suddenly.

The eyes of the world are focused once again.

"What? Golden Treasury Bond?"

"No interest?"

"This is the first time I have seen interest-free national debt, which means that the deposit bank has no interest, but if it can be exchanged for gold at maturity, it will be very different."

"Correct."

"If the price of gold rises, the national debt will be earned, and if the gold falls, the national debt will be lost. It is quite interesting. Three hundred billion is more than a thousand tons of gold."

"It seems that the amount of gold mined in Burma is not enough. Only then did I want to delay it, and the delivery will be made in three years. Sure enough, God's favor has its limits.

"Hmm!"

"Good business!"

"..."

Many people will not lose much if they do the calculations. Even if gold falls, it is a big deal to want physical gold. As a natural currency, everyone is very confident.

Fell.

It will always rise back ~www.wuxiaspot.com~ has risen.

Then you have earned it, and you can receive gold settled at the current price as a guarantee.

In short.

The risk is controllable. Thinking of this, a large number of central banks and investment institutions have contacted Myanmar, especially the major central banks that bought gold before.

Previously.

They also have national debts that they bought in Burma.

after all.

Part of the foreign exchange reserves will always be deposited and will not be used temporarily. If they don't invest, they just wait to see the depreciation, and they will naturally buy it.

It's just not much.

this time.

Looking at the balance of their Asian dollar foreign exchange reserves, many central banks are ready to buy ‘golden treasury bonds’ all that are idle for the purpose of not making money.

It is for gold.

strictly speaking.

This is the same behavior as buying gold from Burma before, except that the delivery date is placed three years later, and the difference is only a few years later.

No problem!

buy.

of course.

There are also many central banks who want to buy but don’t have Asian dollars, so they will find a way to change it. It’s definitely impossible for Burma to change it. What is the difference between foreign currency exchange and foreign currency?

therefore.

You can only find other countries, countries with a lot of Asian dollar reserves.

one look.

The most, it seems to be China.

Ask.

Ok.

The exchange fee of 1.5% is not too high, but it is equivalent to the price of gold, which has increased by 1.5%.

not much.

change!

Many countries have exchanged the US dollars, euros, or yen in their hands to China, and they can make more than two billion yuan while lying down.

Why not do it?

More.

It won't work, China Xia also needs a certain amount of Asian dollar reserves. It can be said that in just one week, hundreds of billions of Asian dollars were transferred from overseas accounts.

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