Vol 3 Chapter 1340: New Monetary System of the Islamic Federation

After arriving in the wasteland for a few days, Cai Ruichen returned to the present world. It is not that he does not want to stay in the wasteland, but that there is work that needs to be done in the present world.
As the supreme leader of the Iraq-Syria Federation, it was time to appear after leaving the public eye for several days.
Of course, Cai Ruichen does not need the media to publicize his achievements, nor does anyone need to deliberately publicize how busy he is, just normal.
When he returned to the present world, he immediately checked some plans that needed to be implemented in the follow-up, and ended his extremely easy work.
Cai Ruichen nowadays does not look like a leader should be, and can be said to be doing nothing all day long.
A lot of heavy work is all handed over to the people below to complete, and the documents that can be left for him to see are just one or two occasionally.
But this is also normal. Cai Ruichen is the commander of the Red Police Base, not a politician, nor a pure head of state. If he is required to come for everything, even if he has ten heads and ten bodies, it is not enough.
Of course, this is not to say that Cai Ruichen really let go of his work. Many things require him to look at them before they can be executed.
Otherwise he would not know anything.
Just like now, after the war, the Islamic Federation is undergoing a brand-new currency reform, and currency reform is the highlight of the economy.
In the past, the Iraqi-Syrian Federation only temporarily used the Iraqi Dinar as currency for circulation, but in Syria, the original Iraqi Dinar can also be used.
In addition, the infrastructure construction in Syria is still continuing, and the Red Police Corps has to prepare for war. Cai Ruichen has always put this matter on hold.
In addition, the new Iraqi dinar was temporarily used as the federal dinar, and it was also temporarily launched. The currency system between Iraq and Syria has many problems.
One of the problems is the currency purchase and exchange system. If it were not for the strict management of the future technology bank, the loopholes in it would inevitably bring extremely serious consequences once they were exploited.
This is also because the new Iraqi dinar has not been used as a currency open to the outside world. The currency circulating in the Islamic Federation is all US dollars.
Because in the Islamic Federation, the U.S. dollar is actually a hard currency. Those who have obtained the Iraqi dinar cannot exchange this currency for U.S. dollars or directly put it in circulation on the market.
For this reason, the Islamic Federation also has an inevitable currency reform, formulating a brand-new currency to replace other currencies currently circulating in the Islamic Federation, while protecting the assets of citizens and enterprises without any loss.
This may seem simple, but it is actually a very complicated matter, because it also involves foreign exchange, and the purchasing power of currency also needs to take into account the economic benefits of national production.
It is the easiest to think about currency, and the most difficult to make monetary policy.
In the few days after the war, the Islamic and Syrian Federation also immediately began to discuss the new currency policy.
Currency itself has no value. The country uses its own credit and the constitution to give the value of currency, and currency therefore has purchasing power.
When a country’s currency is creditworthy, not only domestic people can safely hold their own currency, but foreigners can also hold the country’s foreign exchange reserves with confidence.
In the international market, if you want to buy oil, those countries that import oil must hold U.S. dollar foreign exchange, and if you want to get U.S. dollars, you need to export things in exchange for U.S. dollars.
This is how the US dollar status came about.
Cai Ruichen has no ambitions to challenge the U.S. dollar hegemony. It is not that he does not want to, but that he knows that his current strength is completely insufficient to challenge the bottom line of the United States.
Of course, formulating a reasonable monetary policy can bring stable wealth to the country and maintain domestic economic stability.
What's more, in a country with a federal system, if there is no reassuring currency that can circulate in the various member states, the existence of a federation will basically be meaningless.
If you want to centralize power, you must control the economy and the military, and both are indispensable.
This is also Cai Ruichen's minimum requirement. The military is relatively simple and the Red Police Corps is in hand, so he is not worried at all.
The economy is the core of all interests, and it is also the most difficult to control.
In the process of formulating a new currency, the Bank of Science and Technology in the future will act as the central bank of the Islamic Federation, managing the adjustment of currency interest rates and printing and issuing currencies.
Similarly, the Islamic Federation will not prohibit the emergence of private capital banks. Of course, there are also regional banks and banks established by each member country.
According to the results of the discussion, the final result of this system is that all local banks and the banks of member states must transfer all their money to the central bank's account every day.
In other words, other banks actually have no money. Of course, the central bank will give these local banks a reasonable interest rate that is lower than the loan interest rate but higher than the ordinary deposit interest rate.
The interest given by the central bank is the so-called benchmark interest rate, and the central bank only needs to control this benchmark interest rate to control the currency and economic markets.
This is a bit similar to the United States, and the same as most countries in the world.
In addition, in order to prevent people from making false accounts and trying to arbitrage interest in one entry and one exit, the future technology bank will also conduct the most stringent network monitoring in history.
Because the entire operation between banks will also be carried out by the network, and all regions within the entire federal territory will be networked.
This network also includes all regional cash machines. This is completely monopolized by the Future Technology Bank. All bank cards of the banks in the Federal District of Iraq and Syria can be withdrawn from the cash machines of the Future Technology Bank, and only the minimum handling fee will be charged. .
Controlling the actual currency and the benchmark interest rate are also Cai Ruichen's requirements for the new monetary policy.
In terms of loans, it has become another profitable project for banks. In return for recovering all ATM business, in the future, Tech Banks will not extend loans to ordinary enterprises and individuals, but will lend to the federal government or the governments of various member states. .
When discussing the new monetary policy, a large number of cash machines are being installed in every community and town in the Islamic Federation.
Almost every 3,000 people in the neighborhood, there will be a cash machine.
Moreover, this kind of cash machine also uses the most advanced means. It can not only perform face recognition, face-swiping card-free deposit and withdrawal, but also has the most advanced service-only system that can automatically identify various fraudulent accounts that have been suspicious.
While new cash machines are being installed everywhere, new currencies are also under intense printing.
The new currency printed is also called the dinar in order to conform to the habits of the people of the Middle East. In the currency, the heads of the characters have been removed, and all of them have been replaced by scenic spots.
The brand-new dinar is a complete set ranging from one cent to one hundred, and there are also a large number of coins, ranging from one cent to ten yuan.
While preparing for the formulation of the new monetary policy, propaganda in this area was also carried out in the Islamic and Syrian Federation, and the statistics department also began to calculate the actual price of the existing currency.
The statistics of the new Iraqi dinar are the simplest, and at the same time, the current commodity prices have been set.
A new currency will be released soon. All Iraqi Dinars and Syrian Dinars can be exchanged for the new currency, and there is no upper limit for exchange.
Ten dollars in Iraqi dinar can be exchanged for one dollar in a brand new currency, while 100,000 Syrian dinars can be exchanged for one dollar.
It is not partiality, but the Syrian dinar, which is really devalued too much. To drink a bowl of soy milk, you have to take half a basket of banknotes to pay.
The value of the exchange is naturally very low. The exchange will last for one person, and after a month, all the old currencies will be unusable.
At the same time, the Future Technology Group also stipulated that the exchange between the Islamic Federal Dinar and the United States is currently one to one, but it is not tied to the US dollar. The value of the currency will fluctuate with the market.
Regarding the new currency issued by the Iraqi-Syrian Federation, all capitalists in the world have their eyes open to see if there is any advantage they can take.
What disappointed them was that there was no bargain at all, and the currency exchanged was only for domestic purposes. In any case, no country has a penny of foreign exchange in the Islamic and Syrian Federal Dinar.
However, some people feel uncomfortable with the new movements of the Iraqi-Syrian Federation, and this is naturally the United States.
Although it is normal for the Iraqi-Syrian Federation to formulate a reasonable currency, it is an extremely normal thing, but seeing the new monetary policy announced by the Iraqi-Syria Federation, I feel a little bit worried.
This is because there are many similarities between this system and the existing system in the United States. Although there are some differences, in general, they are almost the same.
This makes the United States naturally vigilant, and coupled with the fact that the Islamic Federation is now entrenched in the Middle East, it is directly related to US oil interests in the Middle East.
Once the Iraqi-Syrian Federation announces that oil exports will not be settled in U.S. dollars, then the United States will be skipped.
Of course, this is also the point that the United States is most worried about. After all, the current Future Technology Group holds the lives of 8 million people in Washington. If you use this to threaten, it will be quite passive for the United States.
When the new dinars of the Islamic Federation began to be issued, the US government also began to act.
U.S. President Obama and Bama’s Air Force One landed in Saudi Arabia. Obama and Bama will pay a three-day friendly visit to Saudi Arabia.
This is the first visit to Saudi Arabia by Austria and Bama after the new Saudi king took office. It is also the friendly visit of the US president to Saudi Arabia after the deteriorating relationship between the United States and Saudi Arabia in the past two years.
As for the results of the visit, the outside world is not very clear, but for Austria and Bama's purpose, that is the heart of Sima Zhao.
As the third largest oil-producing country in the world, Saudi Arabia also has the richest oil reserves. It exports more than 20% of the world's oil every year, and the Persian Gulf is respected by Saudi power.
Nearly 40% of the world's oil comes from the Persian Gulf, and once Saudi Arabia shook its head, it was not enough, that is, only a small part of it.
The United States cannot give up Saudi Arabia, its oil ally, nor can it give up its oil control over Middle East oil.
Israel’s current results are irretrievable, and the United States can only put all its thoughts on Saudi Arabia.
With a humble attitude, Austria and Bama also brought apologies from the United States. At this time, the United States could not continue to maintain its superior attitude.
That year, the United States did not fight Syria, which has already disappointed Saudi Arabia. With regard to the problems of Yemen and Saudi Arabia, Saudi Arabia was once again disappointed, and the problems of Israel really disappointed Saudi Arabia.
The prestige of the United States in Saudi Arabia has also fallen to the lowest point in history.
When the new Saudi king was acting, many criticized Americans for being timid, and they almost pointed at the American nose with other kingdoms in the Middle East.
It can almost be said that Saudi Arabia now has the worst relationship with the United States in history.
This trip to Austria and Bama also made a lot of determination. It is indeed hope that through their own efforts, the relationship between the United States and Saudi Arabia will be improved. Even if it does not return to the sweet period of the past, we must ensure that it cannot continue. Worsen.
It was just beyond the expectations of Austria and Bama that the results of this trip did not disappoint him. Although Saudi Arabia's attitude was not very good, it did not want to break with the United States.
Of course, this is also under the circumstances that the United States has paid a lot of price. What finally assured Austria and Bama is that Saudi Arabia will still choose to stand on the side of the United States.
This made the hearts that Austria and Bama had always been hanging in their stomachs completely.
What only left Austria and Bama helpless was that the Saudis demanded that the United States not relax sanctions on Iran, nor could Iran’s nuclear negotiations really yield results.
In the eyes of Austria and Bama, Saudi Arabia is still trying to compete with Iran, which makes the United States mixed.
The good news is that Saudi Arabia is still the same.
The worry is that things in Iran are a little bit troublesome.
Because now the United States is concerned about the issue of the Middle East ~EbookFREE.me~ The main focus is on the Islamic Federation and Baghdadi.
The United States is stepping up its redeployment of its military forces in the Middle East and strengthening its military structure in Saudi Arabia.
The purpose of this is to kill Baghdadi, the murderer who caused this disaster to the United States.
This is also the best excuse for the United States to increase its troops in the Middle East. However, the United States does not send troops on a large scale, but only strengthens its military intelligence capabilities.
At present, the United States still regards strategic eastward movement as its main strategy. There is no intention to change this point.
However, it is also possible that the United States was secretly crossing the warehouses on the Mingxiu plank road, with the help of Baghdadi, re-deploying military forces in the Middle East, and began to target the Islamic Federation.
Cai Ruichen was also prepared for this, and Austria and Bama's journey in the Middle East did not end. After leaving Saudi Arabia, he visited almost every kingdom in the Middle East.
The American wishful thinking is clear and loud. (To be continued.) To find this site, please search "" or enter the URL: