Vol 6 Chapter 96: They promised us $1 billion

Shen Jiannan's wild laugh made William dumbfounded.
In the twenty years since the establishment of the Bretton Woods monetary system and the end of the current period, although currencies of various countries have undergone violent turbulence, no matter how they fluctuate, there will be a certain amount of room for devaluation.
Often, even in the worst economic expectations, currency fluctuations will not exceed 10%.
Just like the currency devaluation that occurs in European countries, such as Italy, Spain, Finland and other countries, it is already the biggest impact that international speculative institutions and Zerg can have on a country’s currency system.
After all, currency in the foreign exchange market represents a country’s sovereign reputation, and represents a country’s comprehensive economic strength and influence.
As long as the country is there and the government is there, the currency of this country has legal purchasing power.
After all, there is room for devaluation.
It's like a pair of leather shoes. No matter how bad the economy is, no one buys one hundred yuan, no one buys eighty, no one buys fifty, but if the price drops to thirty or twenty, there will be a lot of special discounts. People go to buy.
Or, like stocks.
In the absence of the possibility of a stock being delisted, everyone knows that there will be room for a decline.
The infinite depreciation of the ruble in Eastern Europe is largely due to the division of the country and the disappearance of the former country.
As the old saying goes, both rise and fall are suffering.
However, although the country is broken, it means that all wealth will be turned into fly ashes, and it will be precarious.
In the divided Eastern Europe, the political system is still unstable, conflicts and frictions between each other are constant, and the internal chaos is also insecure. Even the political situation is unstable. The economic situation and financial system are of course completely decorated.
Because of this, the currencies of these countries will continue to depreciate, to find the market's final recognition of it.
But Turkey is different.
In any case, Turkey is once the overlord of the Mediterranean and now the strongest country.
Although it is no longer the glory of the Ottoman Empire, Istanbul, which can firmly occupy the three-point intersection of Asia, Europe and Africa, affect the entire Mediterranean, and control the economic transportation routes of Asia, Europe and Africa, is still very powerful.
For such a Turkey, the devaluation of the lira from 1700 has been ruthless enough now, it is impossible that it can be devalued into waste paper.
It's not ten thousand, is it one hundred thousand?
What is the difference between that and waste paper.
William's throat squirmed uncontrollably several times, and sometimes he always felt that his boss was really crazy.
Shen Jiannan ignored William's shock, patted William on the shoulder, walked to the map, and scanned the entire Middle East from the Mediterranean.
"William, you have to learn to look at the economy in different dimensions."
Different dimensions?
William was puzzled.
"Do you think God cares about the life and death of servants?"
God?
William was at a loss for a long time, and suddenly shivered wittily.
Over Turkey, a Sukhoi Super 100 passenger plane gradually emerged from the clouds. Through the portholes, you can see that the Marmara Sea quietly surrounds the lights.
Turkey, with an annual GDP growth rate of 9.9%, was considered by many countries as one of the fastest growing economies.
Walking out of the airport, a heavy and textured quaint city intertwined with Eastern and Western civilizations is presented in front of you. The Mediterranean Sea and the Black Sea are connected here, the Eurasian continents meet here, the dust of history accumulates here, and the lead of the years still remains.
The Roman Empire, the Byzantine Empire, and the Ottoman Empire all left their marks on this land.
As it straddles Europe and Asia, Turkey has become a link between Eastern and Western civilizations, while Istanbul is the only city in the world that spans two continents.
Starting in the evening, fashionable young people walk through the nightclubs, as many as the crucian carp crossing the river; during the day, tourists from all over the world fill the city with almost ubiquitous places of interest.
The unparalleled Saint Sophia Cathedral is a must visit place.
One of the earliest churches in the world is a great building from the Byzantine period, but the soul-stirring changes that occurred in the struggle for the empire are simply a brief history of civilization.
It used to be the headquarters of the Greek Orthodox Church at that time, but six towering minarets were added, and a small door was opened in the direction of Mecca.
Today her identity is the Saint Sofia Museum.
When the team just landed from the plane, Peng San felt agitated, his face flushed, and there was an indescribable excitement and excitement.
Although it is said that Shen Zhi has already given him a ticket to recognize his contribution to the country, it is completely impossible to be able to follow the mission and be recognized and remembered, may be recorded in history, and the country’s sense of identity for himself. Compared with private communication.
Especially when I think of telling my parents, telling my relatives and friends that I represent the country as an envoy, that kind of blood boiling can burn my whole body.
But after getting off the plane from the airport, following Shen Zhihe's embassy tour guide in Istanbul's major scenic spots for a long time, the flame in Peng San's heart was consumed a little bit.
This is going around everywhere, just like outing, when can I go home and pretend to be forced?
There are so many things waiting for him in Hong Kong.
"Sink the game. Why are you not in a hurry? We have all been delayed for so long, and if we delay, when will we be headed."
The entrance of the Sofia Museum.
Peng San no longer lost the excitement he had when he first got off the plane, and his face was anxious and impatient, like a young and Dangerous boy with a big watermelon knife trying to cut people.
harm!
Although this guy is a young and Dangerous boy.
Shen Zhi didn't look anxious at all, watching Peng San's emotional and psychological changes, and even wanted to laugh secretly.
I still remember that when I was this age, I seemed to be like Peng San.
I can't keep my breath.
This guy is so much like himself back then.
"Little Peng. You said I had a hard time coming out of the country. If I don't get better, am I worth the cost of this trip?"
"Do you think I'm stupid?"
"No."
"Then you still say."
"I think you are so stupid."
"..."
"Think about it, who should be anxious now? We are in a hurry to deliver it to the door at this time. They are still the cabbage we gave to Zhu Gong."
what!
This is the truth.
Come to your door to pretend to be coercion, and wait for someone to come to your door to pretend to be coerced.
It seems that the latter is better!
"Shen Ju. You mean, we spend their money, pick up their girls, eat their food, and then wait for them to call Dad?"
"I didn't say this, don't talk nonsense everywhere."
"I know, I know everything."
"..."
Office of the President, Central Bank of Turkey.
Engel Altan Cady looked at the information handed by his subordinates with a gloomy face.
In one day, the lira depreciated from 1700 to 5600.
This means that in just one day, one-third of the wealth of Turkey's 80 million people was evaporated, and the rest were taken away by those currency speculators.
Worse still, due to the sudden and rapid depreciation of the lira, domestic steel products and metal products such as electromechanical and machinery have increased more than doubled or even tripled in a single day. The military in Diyarbakir and Trabzonspor The factory had to be forced to shut down.
"President. What should we do now?"
Secretary Carlo looked frustrated and panic. In a normal country, there has never been a country's currency that has fallen so much in a single day.
Such a terrible depreciation, the inflation brought about will soon spread to all walks of life. If the exchange rate cannot be stabilized as soon as possible, the rich and the poor will try their best to convert their money into U.S. dollars and other The currency of the country, leaving from Turkey.
This situation is a great disaster for any country.
How to do?
I also want to know what to do.
Engel Altan Khadi had a splitting headache. He proposed to implement a free currency exchange rate because the Turkish Central Bank's foreign exchange reserves are pitifully small, only 5 billion U.S. dollars.
In order to avoid the strong impact and influence of the Soviet ruble, it had to change from a fixed exchange rate to a free exchange rate.
However, the free exchange rate has brought such a heavy price.
"You go to hold a press conference, first stabilize the people, no matter what method you use, you must prevent those untouchables from going to the bank to exchange money. I need to return to Ankara to hold an emergency discussion meeting."
Carlo was dumbfounded.
Let him do such a big thing, he is just a secretary.
"I... what should I say?"
"Idiot, do you still use me to teach you? I don't care whether you use coaxing or cheating, I must guarantee me that there will be no runs in major banks. Before I come back, I don't want to hear about bank runs. Do you understand? ?"
"I...understand! Then do we intervene in foreign exchange market prices."
With this sentence, Engel Altan Cady jumped up with excitement, and he was furious and smashed the information in his hand onto Carlo's face.
"You idiot. What are we doing to intervene? Can't you see that the Yankees and the Soviets are all doing the trick? The Bank of England is not able to resist it. Isn't it good for us to keep that little money? ?"
Engel Altan Cardi's reaction was not unpleasant.
But there is a famous saying in the capital market that the market’s response is always faster than the execution of decisions and news.
Ankara Bank.
A team of hundreds of people blocked the entrance of the bank.
Many businessmen in suits and leather shoes stood at the door with their passbooks, their faces anxious and uneasy, looking panic, as if they were being forced to life by the devil.
Due to the excessive flow of people, the normal traffic order has been affected. Many people passing by were curious and asked why these people lined up.
"God. Don't you know? Shen, he has predicted before that Lira will usher in a disaster and fall into the end."
"Shen? Who is he?"
A child following an adult interrupted and said, "God, you don't even know him. He is a demon from the East, with three heads, six arms, and a pair of fangs as long as jagged teeth. He specializes in eating people's pockets. Money in it."
"what?"
"Ford, don't talk nonsense."
"..."
"Hassan, are you at home? Bring our bank card to the commercial bank. I'll be waiting for you here. Shen Jiannan predicted that the lira will be finished not long ago. Now it has been fulfilled. We must take our money away as soon as possible. He is A holy person like a prophet can predict the future. Don’t ask any more, we have no time."
"Saka, what are you doing in line here? The bank is doing activities today?"
"Damn activity. Sarcas, my good friend, listen to me, our money is going to depreciate. If you don't want your money to become waste paper, you'd better change it into dollars as soon as possible."
"What are you talking about? It's impossible. How could our money become waste paper? Just now, I bought a lot of potatoes."
"That is now, don't you see these people are waiting for money?"
"..."
When Engel Altan Khadi returned to Ankara, news of the devaluation of the lira had been fermenting in every corner of the city.
Fortunately, the Presidential Palace’s decision was made fast enough to cut off media coverage in the fastest time, so that all news could not be passed on to the public, but only spread in a small area.
But everyone knows that this kind of news cannot be suppressed for a long time.
"Kadi. What are you idiot doing? Do you know that the equipment development and investment of Diyarbakir and Trabzonspor are related to our control in the Black Sea field and the future of imperial honor?"
Engel Altan Kadi hurried to the Presidential Palace as soon as he got off the plane. He didn't know that as soon as he walked through the door of the conference room, the Minister of Defense Mir Zaoru immediately scolded him angrily.
In order to strengthen the country's armaments, the military invested a lot of manpower and material resources to buy advanced weapons and equipment from the United States for research and development, and finally achieved certain results.
Therefore, two arsenals in Diyarbakir and Trabzonspor began construction and production.
But the plant cost a lot of money and just built it, UU Reading www.uukanshu.com, the supply of the military and several local steel trading companies and copper companies suddenly soared three to five times the price.
The supplier's explanation was that they had to do so due to the depreciation of the lira.
Mir Zaolu received the report from below, and was suffocated to send it out.
Mechanical and electrical products, mineral products and base metals and products account for 60% of Turkey’s imports.
Simply put, it is the metal mining industry. These resources can only be obtained by importing Turkey.
The lira suddenly depreciated and counted the basic points, and those suppliers were hoarding goods for sale.
If it was a domestic resident, Mir Zaolu would have killed people long ago, but these miners and steel trading companies had nothing to do.
These guys are all multinational mining companies behind them, including DuPont, Rockefeller, and Melon, which he can't afford.
As soon as he came back, he was scolded by Mir Zaoru indiscriminately. Engel Artan Kadi’s face was a little bit uncontrollable. He wanted to fight back with a sullen face, but because of the military’s consistent strength, he had to turn his attention. Prime Minister Irmaz.
At this moment, the Deputy Minister of Foreign Affairs Memit Fuad Koprulu rushed in from the door with a smile of joy.
"Haha. The idiots from China just came here, and they promised to pay us a billion-dollar deposit to pass through Istanbul."
"..."
"..."
"..."