Chapter 911: Proud Thai Central Bank

As Feng Yu expected, the foreign exchange reserves of the Thai government are not insufficient. We have to reserve a part to deal with other things. So the government of Thailand, looking for Nanyang government, the government, let Nanyang government Five billion dollars.
Together with the $5 billion invested by the Thai government, and invested another two billion dollars, a total of $12 billion was invested. Suddenly, Nanyang’s $5 billion new force was added to absorb the Thai baht, and the exchange rate of the Thai baht began to rise.
From 26.3:1 in these two days, it is now 26:1, and is still in the ascension.
The funds for absorbing the Thai baht suddenly increased so much, and Soros did not sell the baht.
Soros also panicked, how could this be the case, why did Nanyang suddenly join?
Because Nanyang has a lot of trade with Thailand, and the relationship between the two countries, at least in this period of government, is still very good.
Another important reason is that Soros’s establishment of a forward foreign exchange contract in Nanyang was also discovered by Nanyang Administration.
They look at it, good guy, Soros, this is going to clean up Thailand, just come and clean us up. If you are working separately, then we may not be able to get you. But if you are at the same time, then don't blame us for being polite.
Nanyang has the same idea as Thailand, that is, it will hurt Soros all at once, to fight Soros’s will, let Soros know that it’s not a few years ago, it’s not so easy to control the exchange rate of a country’s currency. .
If it fails in Thailand, then Soros’s reputation will definitely be seriously affected, then he can’t attack the country’s currency, especially the Nanyang.
They want Soros to retreat and have confidence in it.
......
The governor of the Bank of Thailand faced the reporter and looked solemn and solemn: "We fight for defending the Thai baht, and let those speculators lose their blood!"
It is self-evident that the speculators are referring to who.
The governor of the Bank of Thailand has suddenly become the patron saint of many Thai people, and used $7 billion in foreign exchange, and with the help of the $5 billion provided by Nanyang, the price of the Thai baht began to rise.
Correspondingly, the stock market has begun to pick up, and it seems that everything is moving in the right direction.
But Feng Yu is convinced that Thailand will be defeated!
First of all, the Thai government's foreign exchange reserves are still insufficient, and there are a total of two billion dollars. This time, Nanyang intervened, and Soros was not prepared enough, and there was still a lot of money to be transferred.
Another Feng Yu did not intervene at this time. If Feng Yu also intervened, then all the foreign exchange reserves of the Thai government must be used to stabilize the situation.
And there is still a phenomenon, let Feng Yu know that there is no other means in the Thai government, they have to spend a lot of money to stabilize domestic housing prices.
Seeing that there is a financial crisis, the stock market has started to fall, but the price is still rising!
To put it bluntly, the Thai government has not dared to let the real estate collapse. They believe that once the real estate price plummets, it will repeat the tragedy of the island nation.
Therefore, while they are trying to support the stock market, they will fight against Soros in the foreign exchange market, while stabilizing the domestic real estate market. Finally, they must stabilize those foreign businessmen and cannot let them withdraw their capital!
If it is one thing, or even two things, Feng Yu believes that the Thai government can handle it. But when these things happen at the same time, then you can't take care of them.
Moreover, Feng Yu judged that compared with the fall of the Thai baht, the Thai government is more worried about the real estate crash, so more funds will definitely be used in real estate.
But for the moment, the Thai government has really won, and the exchange rate of the Thai baht has risen sharply. How long has it been, it has reached 25.7:1, and it looks like it will return to 25:1 tomorrow.
At this exchange rate, the funds of the Thai government and the Nanyang government will also be spent. They can also stabilize at this exchange rate, and return to 24:1, Feng Yu thinks impossible!
......
Soros watched the Thai baht's exchange rate continue to rise, but he was powerless.
It seems that this time, he is defeated. If the Thai baht returns to the exchange rate of 25:1, even if he contracts the foreign exchange futures, he will lose at least $400 million. Moreover, the stock market has begun to pick up, the stock index has rebounded, and the profit of his stock index futures has become lower and lower.
The clamp-off offensive of the stock market and foreign exchange is his means. If it is successful, both roads can make money. But now, it makes him a little self-sufficient, because the two roads, all lost a lot, the stocks he sold, also lost a lot of money, stock index futures can not make up!
The Thai government’s hand was very good, and he lost more than 600 million dollars in total! Especially when I think of Feng Yu retreating and earning some profits, Soros is even more blazing!
His inner resentment against Feng Yu exceeded the resentment against the Thai government, surpassing the resentment of the Thai central bank governor who had fallen in front of the reporter.
It is normal for the Thai government and the Thai central bank to fight back. He had already anticipated it when he was in the layout.
However, Feng Yu’s sudden withdrawal was unexpected. If there is no Feng Yu's participation, he will prepare more funds. Maybe he has already killed the Thai government, and the Thai baht has been devalued.
It’s like now, when you look at losing money, he doesn’t even have the power to fight back!
Soros had never thought about it. He actually had no trust in Feng Yu. He has been staring at the flow of funds from Feng Yu.
Both sides have no basis for trust. How can we cooperate happily?
"Boss, what do we do? Is it to continue to borrow the Thai baht and fight with them, or?" asked Zhu Ken? Miller.
The way they originally discussed was to continue to suppress the pressure slowly, and then to withdraw funds, while persuading Feng Yu to join, while continuing to spread negative news on the Thai baht, let the panic continue.
But now suddenly there is more of the new force of Nanyang, they can't help it. Just by borrowing the high interest rates of the Thai baht, how much does it cost up? Even the most convenient short-term loans can't be used at all. It's just like sending money to the Thai government.
Soros made a tough decision: "Stop it, first throw the stock index futures out of the stop loss, temporarily withdraw, wait for our funds in place, we will make a comeback!"
He decided to admit that he had temporarily failed, and the money he lost was recognized.
Zhu Ken? Miller wants to persuade, this acknowledges the failure, and the impact on the reputation of the fund can be very large. But he does not know how to persuade, do not admit defeat, continue to fight, the loss will be more!
......
The governor of the Bank of Thailand was once again surrounded by reporters today. The exchange rate of the Thai baht has returned to 25.2:1, and it is still slowly climbing. It should be no problem to return to 25:1.
This time, together with Nanyang, the speculative funds that attacked Soros have already seen results! Soros was scared by them, retired, they won!
"I said that we must let those speculators lose their blood. Now, we have done it! No one can fight the Thai baht in the people of Thailand, no one can fight the great Thailand!"
Soros threw the remote control at the TV, slamming, expensive LCD TVs, and a black smoke.
Want to make me lose my money? Ok, then take a look, who can laugh at the end!
......