Rebirth: Super Banking System Chapter 2574 - 2412: Gold Asia Dollar

Evening.

As soon as Qin Yugang got off work, he went to the Villa.

"Dad!"

"I’m the general manager now, and I have.. a lot of people under me."

"Ten billion in registered capital."

"..."

Qin Shiqi chattered away, gesturing animatedly, introducing her ’spending career.’ Qin Yugang knew Tang Qing wanted to create a public welfare company.

But I didn’t expect it.

Would be so big.

Billions.

Handed over to a girl who just graduated from university. Even though Qin Shiqi interned at Sky Eye for four years, in Qin Yugang’s eyes, she’s still a little girl.

"Tangtang, it’s better to find someone with experience for so much money."

"It’s fine, experience is accumulated bit by bit, Shiqi will have a lot of people under her in the future, and there’s Sky Eye to support her. A billion is just the beginning."

Tang Qing didn’t care at all.

A billion?

What does it mean to him now?

Upon hearing this.

Qin Yugang no longer said much, just advised Qin Shiqi to be careful not to be taken advantage of. Spending money is easy, but spending it wisely is the key.

"Don’t worry, I won’t spend recklessly."

"Let’s go, let’s study the company’s business." The three women huddled together and went off to study the project.

So many threads to manage.

Very troublesome.

First.

The first project alone, just buying land, building fitness centers, decorating, recruiting... there’s a pile of things to do, and it can’t be straightened out in less than half a year.

If this can’t be completed, the second project can’t be either.

As for the third one, it’s not easy either.

Development.

Testing.

Operations.

If it’s fast, it can go live before the end of the year. Seeing the tasks on the plan, Qin Shiqi almost got dizzy and felt that spending money is not easy!

...

The next day.

The three women were even busier.

Recruitment.

Interviews.

A thirty-story building, now only some security guards, filling it up won’t be easy. Fortunately, the initial goal isn’t to fill it up.

Three projects.

Each takes one floor.

As for the rest.

Take it slowly.

In the future, according to Tang Qing’s intentions, there will definitely be more than these three projects, possibly exceeding ten, or even twenty or thirty.

In short.

It will be filled.

Sky Eye, as the largest headhunter in Huaxia, is full of talents, and those they recommend are outstanding, which saves the company the cost of trial and error.

...

July.

Europe.

The Euro’s retreat proceeded rapidly, and national currencies began to circulate again. As the economy warmed up, people’s lives returned to stability.

In the shadows.

Some subtle changes were underway.

For example.

Many consortium subsidiary companies started accepting Asia Dollar trade. Many Myanmar-based enterprises found that the Asia Dollars in their hands seemed to be easier to spend.

Whether in commodity trade.

Or financial investment.

Asia Dollar.

Much smoother than before.

"What’s so strange about that? As the second currency, it should have such treatment. Wasn’t it the same with the Euro when it rose rapidly back then?"

"Yeah, right."

"Indeed, the Asia Dollar does have the qualifications."

"..."

In the end.

They could only attribute it to the title of ’second currency,’ a world-class currency wasn’t acquiring new rights, but possessing the treatments it should have.

Moreover.

Since the beginning of the year, the exchange rate of the Asia Dollar has risen by about three percent, maybe this factor also strengthened the confidence in the currency.

Hmm.

It definitely is.

...

Then, on July 21, the Myanmar Central Bank announced another currency release, with a scale of 1.5 trillion Asia Dollars, drawing numerous experts to criticize.

However.

The next day.

A piece of news shook the world.

"From now on, Asia Dollars held by authorities of various countries can be exchanged for gold at the ratio set by the Myanmar Central Bank, but only starting from one ton per exchange."

Instantly.

It ignited public opinion.

"This... is fake news, right?"

"Yeah."

"Even the United States wouldn’t dare to do this. Back then, the gold standard was abolished because it couldn’t be sustained. What makes the Myanmar Central Bank think it can handle it?"

"Hype."

"Definitely won’t last long."

"..."

Countless people were shocked. You have to know, the gold standard has been gone for almost forty years. The United States couldn’t hold on back then, so it abandoned the gold standard.

Now.

The Myanmar Central Bank came out, reverting to the gold standard.

My God!

Are they crazy?

"The Asia Dollar is digging its own grave. How much gold will it take to support this policy? Even with its more than four thousand tons of gold reserves, it’s not enough."

"A foolish move."

"The Asia Dollar will flounder; pulling back now is as good as saying it won’t keep its word."

"..."

No one has faith in it, because the gold standard requires a prerequisite---gold, and a colossal amount of it. Otherwise, it’s simply unsustainable.

They are quite skeptical whether the Myanmar Central Bank can handle it.

Thus.

The next day.

The Myanmar Central Bank issued another statement: "The Myanmar Central Bank, for the exchange of Asia Dollars, has already prepared 2,000 tons of gold outside the central bank reserves for exchange."

"From now on."

"No more selling of gold bonds; all gold mines within Myanmar’s borders other than for commercial use will continue to accumulate in this exchange pool."

Now.

Public opinion exploded again.

"I must not be awake... 2,000 tons of gold, where did it come from? If you add the central bank reserves, it seems like they have nearly 7,000 tons of gold."

"God!"

"Unbelievable, strongly urge Myanmar to disclose the locations and reserves of the gold mines; the offshore gold mine can’t let Myanmar quietly store 2,000 tons."

"Exactly."

"Disclose! Disclose!"

"Are you guys stupid? Why would they disclose?"

"..."

They were shocked; apart from the Myanmar Central Bank’s more than 4,000 tons of gold, there’s also 2,000 tons of gold used for exchange, damn, they’re freaking out.

2,000 tons.

It’s gold.

Not cabbage; this is gold worth billions of dollars. Just how much more is Myanmar hiding? It’s almost become a global mystery.

"Will such dumping cause international gold prices to plummet?"

"Those playing with gold futures, better run."

"If you don’t understand, don’t talk nonsense, there’s been transactions of gold between countries before, have you seen international gold prices plummet? Your brain must be damaged."

"Exactly, if you don’t understand, don’t show your lack of intelligence."

"..."

This is public gold trading, just like the previous bonds.

If it flows into the central bank reserves of various countries, it won’t enter the public realm.

Currently.

Gold prices are mainly decided by a few global gold futures markets. Previously, there were two, New York and London, later added one, Myanmar.

Now.

Clearly.

Myanmar is competing for pricing power in the international gold market.

"It’s going to be lively; will the United States and United Kingdom just sit idly by and let this happen? They’ll surely give Myanmar a good lesson."

"Let’s watch."

"Apparently, Myanmar’s gold will soon be depleted."

"Uh-huh!"

"..."

Everyone watched with a sense of anticipation; such actions are tantamount to offending major financial institutions in Europe and America, and the consortiums behind them.

Thinking about it.

Myanmar will soon be taught a lesson.

"But if the Asia Dollar gets through this, what then?" someone asked.

After a long time.

Each gave a nearly identical answer in their hearts: The Asia Dollar will have a new name -- Golden Asia Dollar, provided it doesn’t perish.

...

India.

A bunch of clamoring.

"Stupid, keeping so much gold isn’t good enough? And challenge international gold pricing power, even wanting to go back to the gold standard era."

"Dreaming!"

"Myanmar’s in trouble."

"If only this gold were ours, that would be great!!!"

"..."

The 2,000 tons of gold once again had them silently swallowing lemons, teeth practically aching from the sourness, hoping Myanmar gets a dose of reality.

Then.

They could add insult to injury.

Hmph!

Daring to blatantly provoke the currency hegemony of Europe and America, the pricing of gold, it’s practically suicidal. Each one grabbed a small stool, prepared to sit back and enjoy the show.

...

One day.

Two days.

Five days.

Ten days.

Time.

Entered August, and the Indian side was baffled, carrying over small stools, their butts sore from sitting, why hasn’t it started, right, they’re definitely holding back for something big.

Keep waiting.

...

There were many people watching.

Meanwhile.

Some countries started acting, carrying Asia Dollars to the Myanmar Central Bank, requesting an exchange, and the Myanmar Central Bank naturally welcomed everyone, as long as they had money.

Five tons.

Ten tons.

A hundred tons.

...

The massive success of transactions shocked the world. Just by early August, in a mere half month, Myanmar had exchanged 1,300 tons of gold.

They still had 700 tons in stock.

Upon seeing this.

Countries calmed down, stopped exchanging, people kept their word, and you crazily redeeming was inherently an unfriendly act.

Furthermore.

Countries also need Asiadollar reserves for commodity trade, not much could be freely allocated by their central banks, they’re just a bit worried the West might stir up trouble.

Seven hundred tons.

Could very likely be depleted by them.

Therefore.

Always keeping an eye on related movements, thinking it was the calm before the storm, however, this storm... seems to have lost its way.

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