Rebirth: Super Banking System Chapter 2442 - 2282: This Is Confidence

Right now.

Upon catching sight of this update, hordes of folks deemed it utterly unbelievable.

"Has it really been just a handful of years? Climbing to fourth place globally already?"

"Five years."

"No, precisely four years since the Myanmar Kyat vanished from the scene."

"A true miracle!"

"I wager those folks in Japan are seething with jealousy, haha."

"..."

Within a mere span of years, a fresh currency emerged and swiftly ascended to join the elite ranks in global trade usage.

A genuine miracle.

Nevertheless.

It truly unfolded.

Asia Dollar.

Following the replacement of the Myanmar Kyat, it surged forward relentlessly, overtaking the payment shares of countless nations in worldwide commerce, even eclipsing the Yen.

Remember.

The Yen's position stems from decades of dedicated effort, so being outpaced by the Asia Dollar highlights its remarkable triumph.

That said.

Give it some thought.

And it starts to make sense.

To begin with.

Myanmar boasts essential global commodities like Filtering Solution, Transcription Fluid, Oasis, Fruit wine...

Next.

Myanmar has vigorously pushed Asia Dollar in trade via tax cuts to boost its widespread adoption.

Thirdly.

And crucially, the almost three thousand tons of gold held by the Myanmar Central Bank position it as the second-highest in gold reserves worldwide, instilling solid trust in the Asia Dollar.

Gold.

Serves as inherent money.

Thus.

Opting for Asia Dollar brings a sense of safety, unlike depending solely on fiat money. In this age of fiat currency, has gold forfeited its core qualities?

Ha!

Anyone who thinks so.

Is a complete idiot.

The United States constantly urges nations everywhere to embrace the fiat currency age, cut back on gold, while hoarding over eight thousand tons themselves, staying at the top spot.

And they keep holding onto it.

Hear this.

Don't merely heed their words; observe their actions.

Clearly.

The moment the United States dumps eight thousand tons of gold, that's when we can trust their advice; until then, it's like them stockpiling grain while telling others to offload theirs.

What rubbish!

Only an idiot would buy into it.

...

In truth.

To be precise, a fourth factor exists: the profound assurance Myanmar offers in upholding the Asia Dollar's value, through stable exchange rates and unwavering commitment.

At that time.

Myanmar's foreign exchange reserves were on the brink of exhaustion.

Still.

They stood firm, refusing any devaluation of the Asia Dollar, and actually, it has steadily strengthened against other currencies from then on.

Hence.

For the markets, it's like a powerful incentive.

The dread.

Stems from absent robust defenses against risks and firm resolve from leaders, akin to the Polar Bear, a colossal country where its currency ought to thrive logically.

Yet.

The Polar Bear's currency sees little demand in international trade, largely due to worries over abrupt exchange rate plunges.

In history.

Such events have repeated multiple times.

From within.

From without.

Diverse factors caused these outcomes.

Ruble.

Slowly turned into a dubious form of money; picture holding it, then awakening to massive devaluation, leaving you with no recourse.

...

South Korea.

Seoul.

Conference Hall.

Top officials rapidly caught wind of this news, gazing at Ling with strange glints in their eyes, as a share exceeding four percent is impressively substantial.

Outstripping the Yen, trailing only the top three currencies.

The reality.

Proves highly desirable.

So.

Myanmar can now skim some seigniorage fees from various nations. Simply issue currency and procure goods worldwide—who wouldn't crave that?

Gathering foreign exchange proves quite taxing for numerous countries. When your currency finds no takers abroad, it's a disheartening affair.

Powerless.

The global currency landscape has largely solidified.

Thus.

Expecting an upset borders on the impossible, but the Asia Dollar pulled it off; in contrast, they glimpse faint hope, though victory hinged on unique circumstances.

-Gold.

-Exclusive products.

These two elements elude most other nations, lacking monopoly on vital global necessities.

Lacking them.

All else.

Amounts to mere fantasy.

"Alas!"

Plenty heaved quiet sighs.

This moment.

It wasn't over the Asia Dollar edging past the Yen, nearing the British Pound and possibly surpassing it shortly, but rather the leading duo.

That forms an unbridgeable chasm.

Surpassing them?

Pure fantasy.

The top two embody the world's mightiest powers today—the United States and the European Union, dominating tech and military spheres.

Overturning that?

Ha!

Far too lofty.

Moreover.

Many nations smirked darkly at Ling, musing: before long, the Asia Dollar will bump against the limit, revealing an impassable void that breeds only despair.

At this thought.

Some found mild relief.

...

Once the gathering concluded.

The leaders headed back to their homelands.

Yet.

The press showed no mercy, with various spiteful outlets irked by the Asia Dollar's rise to fourth in worldwide trade payments.

Such as in India.

Upon viewing it.

Watching the Asia Dollar hit this mark made their Rupees appear worthless, barely accepted by other countries, stirring deep resentment.

Certainly.

The Rupee's exchange rate swings wildly.

Certainly.

Fake Rupees abound.

Certainly.

India lacks ample gold reserves.

Still.

Why not adopt ours? To many, India stands as a superpower, armed with vast weaponry, gear, and populace.

Why the distrust in the Rupee?

"So what if it's fourth—it's forever stuck there."

"Spot on."

"Those three giants ahead block any path for the Asia Dollar."

"As trade with Asia Dollar grows, so do the risks to confidence; over two thousand tons of gold won't back such enormous deal volumes."

"Well put, Myanmar acts shortsightedly, foolishly offloading so much gold."

"Utterly myopic."

"..."

A swarm of individuals weren't knocking the Asia Dollar's present feats but acted as if they held top-three status, mocking the fourth place as eternally fourth.

In this manner.

They gleaned a bit of malicious joy.

Look.

You'll remain fourth at best, and third? No chance, as part of the Commonwealth of Nations, they harbored odd faith in their former ruler.

Topple the British Pound?

Ha!

Keep dreaming.

Even though.

The United Kingdom no longer rules an empire where the sun never sets.

Even though.

The United Kingdom's economy lately struggles.

Even though.

Brexit still stirs controversy.

Nonetheless.

In their views, the United Kingdom stays superior and mighty, utterly beyond the Asia Dollar's reach—India's sentiments buoyed briefly.

...

That said.

India's smugness didn't ripple far.

After all.

Other nations lacked India's bordering envy toward Myanmar; they just noted the Asia Dollar's fourth-place ascent mildly.

That said.

India's gloating drew scorn.

Hah!

At least try to shine—haven't you failed to crack the top ten? What right do you have to jeer at fourth, just because third once ruled you?

Such arrogance feels shameful.

Fine.

Evidently, the other side feels no shame.

...

That said.

While Indian press sneered, the very next day, a Myanmar Central Bank declaration shocked all of India.

The message was straightforward:

---Myanmar Central Bank’s gold holdings, updated from 2,800 tons to 3,600 tons, thus bolstering faith in Asia Dollar payments.

After scanning it.

Those smug moments before turned to quiet.

Good lord.

Yet another 800 tons.

Blast!

Didn't you just unload a thousand tons of gold two months back? Now 800 more—what on earth, is your gold like leeks?

Does it sprout anew when harvested?

Heavens.

What sort of godly gold mine yields so abundantly?

All at once.

It rebutted the Indian media's doubts on Asia Dollar reliability and alerted all: here's real confidence—doubt it? Then flaunt your own gold reserves.