Vol 3 Chapter 7: , Guarantee the Federal Reserve?

Ferdinand cherishes feathers. Even if it is to win the coinage rights to strengthen the government's economic control, he will never emerge!
If Ferdinand's prestige is forcibly passed, even this time he has no selfishness. One day in the future, a lot of conspiracy theories will be interpreted by people, which is not conducive to the rule of his descendants!
For this kind of thing, it is more appropriate for a private enterprise like Union Bank to take the lead. Although it is only a vest, it is clear that Union Bank also represents most of Bulgaria's industrial and commercial circles!
Moreover, private banks have the right to mint coins, which is not news at all in Europe. Everyone is used to it.
"Mr. Victor, this matter involves a lot of questions, I can't answer you now! But I want to know how much gold your bank can use as a reserve this time? This is very important!" Kennedy said seriously
Obviously in his heart, Kennedy has accepted this proposal. As long as the United Bank can really come up with enough gold, it is not impossible to let them join in!
Victor thought for a while and said: "Within one month, Union Bank can take out 10 tons of gold, within half a year we can take out 20 tons of gold, and within one year we can raise more than 30 tons of gold, basically the same as the current government The gold reserves are comparable!"
Yes, the current gold reserves in Union Bank are less than ten tons, but it does not prevent Victor from bragging! Businessmen, when discussing business, they naturally have to raise their prices!
Victor is not sure whether Union Bank can come up with so much gold, but the boss behind has already given a promise, so he dared to say it.
Having been the manager of the United Bank for so long, Victor can roughly infer that there must be a big power behind the United Bank, specifically which power, his curiosity is not so heavy.
Kennedy was taken aback by what Victor said. If Victor said before: "Take out the same royal gold reserves as the government", he still doesn't believe it, but now he does!
At least there are ten tons of gold in Union Bank now, otherwise Victor would not dare to make any promises!
The Bulgarian government is very powerful. If you dare to deceive the government, even if the backstage of the Union Bank is very hard, you will not be able to go around. At least the president of Victor will be out of luck!
Kennedy looked admiringly on his face, and said with expectation: "Mr. Victor is amazing. I have seen it. Union Bank has been established in just a few years. It is already one of the three largest banks in Bulgaria. It is not without reason. , Your ability really makes me admire!
In contrast, the National Bank of Bulgaria is far behind! Now, on behalf of the Bulgarian Ministry of Finance, I invite you to invite Mr. Victor to take the post of President of the National Bank of Bulgaria. What is your intention? "
Victor froze suddenly, what is this operation? It was originally a business talk, but now why is it now a digging wall?
However, looking at Kennedy's expression, it does not seem to be lying. Is the position of the president of the National Bank of Bulgaria attractive?
For the former Victor, it must have been. Now, he has become the president of United Bank and is not so keen on that position!
"Thank you Mr. Kennedy for your love, I'm sorry! I am very happy at Union Bank, and I have no plans to change jobs!" Victor shook his head and refused.
Kennedy sighed and tried hard to say: "Your Excellency is worried about the internal control of the United Bank! You can rest assured that this time the government has decided to ruthlessly rectify them!
If you are the president, the Ministry of Finance can give you full authority to handle all bank affairs, even if you dismiss all current employees! "
Victor's eyes lit up, and then he was sad again.
There are indeed many advantages of the Bulgarian National Bank. If he serves as the president, reorganizing the system, I believe it can quickly bring new vitality to this big bank!
It is a pity that government companies, especially established companies, have too many bad things! It is definitely not a matter of one day or two days that you want to be smooth. Instead of fighting with people every day, it is better to work comfortably in the United Bank!
"Sorry, the ability to play is limited, I can't help the National Bank!" Victor thought for a while and said
Kennedy smiled awkwardly and said: "It's difficult to be a strong man! The problem with the National Bank of Bulgaria is no longer a day or two. Even if the government has rectified it twice, it still hasn't changed much!
Well, let's continue our previous topic!
Regarding the issue of Union Bank's participation in currency issuance, it has exceeded the scope of authority that I can decide, and it cannot be decided by myself!
After I return, I will hold a meeting of the Ministry of Finance. If it is passed, I must report it to the cabinet before I can make a final decision!
However, I think Mr. Victor can prepare gold. Even if the cabinet fails to pass, we are willing to pay a high price for it! "
...
The Chancellor of the Exchequer Kennedy was sent away, and Victor smiled. He knew it was almost done.
For the Bulgarian government, as long as the domestic currency circulation is sufficient, it is not unacceptable that part of the coinage rights should be distributed.
There are many examples of this in the world. Think about the Federal Reserve and you will know that Americans simply split the currency issuance power from the government!
Of course, even if international capital participates, no country is willing to have foreign powers participate in its own currency issuance. The current Greece is a negative example. After the currency collapse, it had to seek help from the great powers to restore the currency value, so that the European powers completely controlled the financial power!
Kennedy went directly to the Ministry of Finance, and instead of going to the Royal Bank, he convened an emergency meeting.
With the current economic volume of Bulgaria, even if an additional billion lev is issued, the market can easily digest it!
But the gold reserves needed for this are simply not what the Bulgarian government can solve now, even if the Royal Bank is added, it is not enough!
Only the combination of the three major Bulgarian banks can barely solve it! If there is no United Bank to join, there will be a huge gold gap!
"I went to the United Bank just now, and their reserves of gold are much more than we expected, at least ten tons of reserves!
If you give them time, they can even raise 30 tons of gold within a year!
But they also put forward the condition that Union Bank wants to join the currency issuance! "
As soon as Kennedy's voice fell, everyone was shocked. Unexpectedly, the United Bank Bank alone had such a strong strength. From this, it can be inferred that Royal Bank's gold reserves are definitely not low!
The head of the Department of Currency turned dark, which is definitely not good news for him! If Union Bank joins in, then Royal Bank will definitely join in.
With the addition of two shareholders, the rights of the Currency Division will definitely be restricted by then! But now the Bulgarian bureaucrats have not completely corrupted, and he has not directly opposed the power in his hands!
After thinking about it calmly, the Director of the Department of Currency unexpectedly said: "I have no objection to the joining of Union Bank, but the right to issue currency must be firmly controlled by the government! Is there any way to ensure that Union Bank will not be accepted by the international Capital holding?"
Kennedy was taken aback, and then reacted quickly. Now the Bulgarian government has no extra options.
Instead of allowing foreign currencies to occupy the Bulgarian market, it is better to teach yourself to control it, at least the minting authority can control it!
If this is the case, it is unnecessary to oppose Union Bank's participation in currency issuance. On the contrary, it is even more important to ensure that Union Bank is penetrated by international capital!
Of course, Royal Bank, everyone did not mention that the strength of the Ferdinand family is unquestionable, and they do not think that any international power can control Royal Bank!
At this time, the Director of the Taxation Department spoke: "To ensure the purity of Union Bank, we can restrict it by enacting laws.
For example: prohibit all banks with foreign investment background, plus currency issuance! Or directly restrict international capital from participating in Union Bank! "
After Kennedy thought for a while, UU read www.uukanshu.com simply and neatly said: "Well, if others have no other suggestions, we will vote directly! Now our time is very tight, there is no more time. Go and discuss it slowly!"
...
The result is self-evident, there is no better way, usually people will not object, this is also the characteristic of the Bulgarian bureaucracy!
The clear streamers who oppose for the sake of opposition have no place in the Bulgarian government! You can oppose any decision made by the government now, provided that you can come up with better strategies to solve the problem!
This is also the atmosphere that Ferdinand has been working hard to create. Anyone in the government can propose a better strategy. Even if the cabinet has already made a decision, it can be revised!
This kind of thing happens a lot and everyone is used to it. Anyway, if there is a more suitable method, it has become the norm for the Bulgarian government. This is the case from top to bottom, and there is nothing to be embarrassed about!
Kennedy's efficiency is very high, and it was approved by the Ministry of Finance on the same day. The next day, it was submitted to the cabinet for deliberation, and in the evening, the proposal was passed to Ferdinand!
Of course, there are also a bunch of restrictions on joining the bank, such as: participating banks prohibit all international capital from entering the board of directors; participating banks in equity transactions that exceed 1% must be reviewed by the Ministry of Finance...
Ferdinand took a look and found no problems, so he signed the proposal with a name, and the famous "Federal Reserve Bank of China" came out!
The specific participants have not yet been finalized, but now Bulgaria has the strength to participate, with the exception of Union Bank and Royal Bank, local financial institutions have not become a climate, this kind of big scene, they can not participate in it!