Chapter 2261 Golden Government Bonds

Four thousand tons.

On value.

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

real.

Impressed.

How great would it be to discover such a gold mine in Huaxia? If so, Huaxia's gold reserves will soon surpass that of the United States.

Ranked first in the world.

At that time.

International confidence in the RMB will be stronger.

certainly.

There are also disadvantages.

now.

The United States has been clamoring that the renminbi should appreciate. The strategy of Huaxia is to be stable, because the appreciation of value too fast will greatly hit exports.

so.

Even if the reserves really exceed those of the United States, there is a high probability that they will be clumsy.

"Ugh!"

Sun Jiang sighed.

The road to China's rise is not easy. Every step has to be careful, not too hasty, the stall is too big, you must be cautious.

Steady and fast.

. . .

at this time.

After China announced its gold reserves, India was misfiring again.

A prominent Indian economist said in a televised remark, "India needs more gold reserves to maintain confidence in its currency."

"Suggest."

"The authorities recycle private gold in large quantities, or buy it overseas, at least let India's gold reserves exceed 2,000 tons to deal with future risks."

"..."

Brilliantly, he spoke for ten minutes.

In a word.

——

Take gold.

otherwise.

With the existing reserves of the Reserve Bank of India, it is impossible for the rupee to truly internationalize. It is believed that this will seriously restrict the future development of the rupee.

at the same time.

He also proposed a series of additional measures such as cracking down on counterfeit currency and maintaining confidence in the rupee, but the core point is to increase the central bank's gold reserves.

Upon hearing this.

Responders are like clouds.

"That's a good idea. Our private gold is the best in the world."

"That is, who can compare?"

"purchase."

"As long as we want, who has more gold than us in India?"

"Uh-huh."

"..."

A large number of Indians feel that this is the only move that can raise the rupee. He was slapped in the face one after another, his face was hot, and he wanted to make a comeback.

To know.

India's private gold can almost be said to be the largest in the world. Even if it recovers 20%, it can exceed the reserves of Myanmar.

this point.

They are very confident.

then.

Major media in India began to report on this method one after another, trumpeting the benefits. Even the Indian authorities have spoken out and are willing to recycle gold at high prices.

only.

The reality is a little cruel.

Thunder, little rain.

counterfeit money.

depreciation.

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

In exchange for a rupee that could depreciate at any time?

cut!

when i'm stupid?

The price of gold is rising and the rupee is falling. Everyone knows how to choose, so an interesting phenomenon has arisen, and there is a lot of generosity on the Internet in India.

But.

The place where the official gold is bought, the door can be swept away.

. . .

See here.

"..."

The Indian authorities were speechless for a while, what about sincerity? Routines are all routines. How can you do this if you just say it and don’t do it? It’s so annoying.

in this way.

What about the rise of the rupee?

snort!

Digging a hole is almost the same.

but.

Authorities know it too.

There is also half of the responsibility here. If nothing else, the authorities have an inescapable responsibility for the huge amount of counterfeit money circulating in the market in India.

blow?

Yes I do!

However.

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

Taxes vary.

Headache.

It seems.

We can only wait for the limelight to pass, what should everyone do? Such sentimental words have appeared countless times, and many times, they are all powerful.

result.

shouting.

shouting.

At once. . . Get used to it, no more text.

. . .

And just after the countries have just digested Myanmar's more than 3,000 tons of gold reserves, on November 25, Myanmar once again released a major news.

from now on.

Suspend annual gold sales.

changed.

At the beginning of next month, the Central Bank of Myanmar will launch the first batch of 300 billion Asian dollar 'golden government bonds'.

Yes.

No interest is paid on maturity.

However.

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

at the same time.

This batch of golden government bonds can only be bought with Asian dollars.

Immediately.

The eyes of the world are once again focused.

"What? Gold Treasuries?"

"No interest?"

"It's the first time I've 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."

"right."

"If the price of gold rises, the national debt will make a profit, and if the gold falls, the national debt will lose, which is quite interesting. Three hundred billion is more than one thousand tons of gold."

"It seems that the amount of gold mined in Myanmar is not enough. That's why I want to delay it and deliver it in three years. Sure enough, Tianjiao has a limit."

"Uh-huh!"

"Good business!"

"..."

Many people do not lose much after calculating, even if gold falls, the big deal is physical gold. As a natural currency, everyone is very confident.

fell.

always come back up.

Up.

Then you earn it, and you can also receive the gold settled at the current price at the bottom of the 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 bought Myanmar government bonds.

after all.

Some foreign exchange reserves will always settle down and will not be used for the time being. If they don't invest, they just wait to see the depreciation, and they will naturally buy it.

Just not much.

this time.

Looking at the balance of their own Asian dollar foreign exchange reserves, many central banks are preparing to buy all the 'golden government bonds' that are idle for the purpose of not making money.

but gold.

strictly speaking.

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

No problem!

purchase.

certainly.

There are also many central banks who want to buy but do not have Asian dollars, so they will find a way to exchange them. It is definitely impossible for Myanmar to exchange. What is the difference between exchanging with others and accepting foreign currency?

therefore.

You can only find another country, a country with a large reserve of Asian dollars to exchange it.

one look.

The most, seems to be Huaxia.

ask.

Um.

The exchange fee of 1.5% is not too high, but it is equivalent to an increase of 1.5% for the price of gold.

not much.

Change!

Many countries have exchanged their dollars, euros, or yen to Huaxia, and they can earn a dozen or two billion while lying down.

Why not do it?

more.

No, Huaxia also needs a certain amount of Asian dollar reserves. It can be said that within a week, hundreds of billions of Asian dollars were transferred from overseas accounts.