Romanian Eagle
Chapter 33 Financial Turmoil
"What to do now." Wariochi is now troubled by the bank's problems these days.
As a banker with a good reputation in Bachava, Wariochi also values his own reputation. After all, without a good reputation, no one came to Wariochi's bank to deposit money and pay for goods. It can be said that it is Wariochi's wish for the small bank that his father left him to grow and develop. Wariochi, the bank with the big name (Romanian Development Bank), has been in a bit of trouble in recent days.
The name that gave him trouble was the National Bank of Russia. It turned out that Wariochi's small bank made a profit from the price difference by taking low-interest loans from the Russian National Bank and paying the money to local people in need of funds. This profit accounted for 60% of the Romanian Development Bank. This is not because the National Bank of Russia needs to be a philanthropist, mainly because foreign banks need the help of local people in order to better expand their business. Now most of the small banks in Romania survive in this way. Whoever told them that their capital is weak can only develop by relying on the local area.
After the recent introduction of the Finance Act. Seeing that foreign banks and the government are becoming more and more antagonistic, small banks like Wariochi are even less afraid to stand in line. One is for food and clothing, the other is for state organs, any of them can kill their group of small banks. Now it is clear that the time has come to force them to stand in line. The Romanian Development Bank is the brainchild of Wariochi, and it will be over if they are wrong, so there is now trouble.
Now Wariochi has no choice. Who told him that his capital is too weak and unable to resist. I believe there will be other actions to force him in the future. This is also what Wariochi has long expected, but he will never give in until the last minute. This is not because of the pride of the Wariochi nation, but because he cannot afford to lose.
Most of the small banks in the country felt the pressure of standing in line. Some gave in immediately, or they were stubborn to the end, but most of them made the same choice as Wariochi, and the reasons were similar.
In the palace, Carroll and his son are also listening to the report of the secret agent Milok, "Now the four major foreign banks are forcing the small domestic banks to stand in line, and the Jiuerjiu City Bank and the Yaxi Farmer Bank have all fallen to them, but the domestic Most of the small banks are still hesitating, and if it takes a while, it is estimated that they will not be able to withstand it.”
Milok stopped here for a while, "A lot of people are staring at the palace and the prime minister's office recently, and it is estimated that they are the beginning and the end." After speaking, the old king waved to the secret probe, Milok quietly left go out.
Carol I vented his anger after seeing Milok gone. "Who do they think they are, the God of Romania, we need to ask them to forgive." Edel persuaded after seeing his father's vent. "Father, don't be irritated by these vampires, they will feel the power of Romania, I promise."
King Carol looked at his son and was very satisfied with his crown prince. Whether it is a means or a strategy, it is good, but sometimes it is a little soft-hearted. This can be tempered. After a few years of training, you can take on the heavy responsibility of being a king.
Edel still didn't know that his father's mind was changing so quickly, and continued to say: "The loan from the United States is coming, I believe we will catch them off guard." After listening to the crown prince's persuasion, Carroll said slowly. "Edel, my child, I know you are doing well. This matter is mainly up to you now, and you will give me a good result, right?"
"Yes father, I won't let them succeed, I will give you a satisfactory result." Edel assured his father. Then King Carroll called the Prime Minister and continued to discuss the details of the action plan with the Crown Prince. After all, no one dared to relax in the slightest.
On the third night a heavily guarded train arrived at the Bucharest railway station, the platform was full of praetorian guards. Commander Adrie and Crown Prince Guard Carust were waiting for the train on the platform.
After the train stopped at the station, an American was the first to get off,
Went to the front of the two royal cronies and said. "I've seen you two, I'm Brockley, a senior executive of Morgan Bank in Europe." Director Adri stepped forward first, "Hello Mr. Brockley, I'm glad you can come to Romania, I believe I'll give you one here. unforgettable memory."
"Your Excellency, let's get started."
, Carust waved to the guards behind him, and a group of people entered the carriage to count. After all, this money is at stake, and no one dares to take it lightly. Brockley said after coming in with Adrie and Calust. "It's all in pounds as you asked." The three of them watched a large group of guards count the pounds in a carriage, and it was almost dawn.
A guard in charge of calculations walked up to the three. "There is no problem, and the quantity is the same." Carust, who had received the report, ordered, "Load it to the vault." He turned his head and said to the two of them. "I'm sorry, I'm going to arrange transportation." The two people who were sitting a little sleepy nodded, and after the captain of the guards went out, Brockley yawned, "I also want to take a rest, this train has worn me out. "We arranged a room for Mr. Brockley to rest." Director Adrie showed an expression that a man could understand.
Brockley went to enjoy his 'rest', but Steward Adrien was not so lucky and returned to the palace to meet the king and his son who had just woken up for breakfast. "Your Majesty's things have arrived, there is no problem." "You can go and call Prime Minister Stuart to come." Carroll replied and continued to eat breakfast. Edel saw that his father was still eating, so he could only continue to eat.
After breakfast, the kingdom and the crown prince soon waited in the room for the prime minister. After a discussion, the prime minister returned to the government to make an announcement.
After careful consideration by the government, the financial bill is reasonable and feasible, and every bank needs to abide by it. Within one month, all banks need to pay the deposit to the Romanian Reserve Bank. Banks that fail to pay the deposit will suspend their banking business in Romania until the deposit is paid before they can resume business.
The Romanian Reserve Bank was created by the royal family and the government. Among them, the royal family invested 6 million pounds to account for 60% of the shares, and the government provided 400 pounds to account for 40% of the shares. The main functions are 1. To formulate and be responsible for the implementation of relevant monetary policies; 2. To supervise banking institutions and protect consumers' legitimate credit rights 3. Maintain the stability of the financial system; 4. Provide reliable financial services to the government, the public, financial institutions, foreign institutions, etc. 5 Issue the currency lei.
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