Chapter 843 "New Federal Reserve" Established!

On the morning of September 25th, the National Bureau of Statistics of Singapore released various data such as GDP and economic aggregate in the first half of 2018, and pointed out that the increasingly large domestic market in Singapore is already sufficient to support the issuance of national currency.

In order to cope with the fluctuations in the international exchange rate market, it is necessary for the new country to use its own currency to price its own products.

As soon as this report came out, smart people immediately sensed that it was the government of the new country trying to create momentum for the issuance of its own currency!

Sure enough, shortly after the report was released, the Future People Group stood up and expressed support for the initiative.

At the same time, Future People Bank, together with a number of domestic banking companies in Singapore, announced the establishment of the "Singapore United Savings General Administration" and issued a currency called "Singapore Dollar". It is planned to completely get rid of the domestic use of foreign exchange as currency by the end of 2019. situation.

The currency issued is mainly in 6 denominations of 1, 5, 10, 20, 50, and 100 yuan.

A total of 50 billion Singapore dollars was issued for the first time, guaranteed by precious metals and foreign exchange worth 54.1 billion U.S. dollars. It was mainly put on the market in the form of loans, and at the same time, the currency exchange channels were opened to citizens of the country. In the future, 50 billion Singapore dollars will be put into the market one after another to ensure that the total amount of money will be 100 billion.

Considering that the currency has just been issued and the foreign exchange reserves of Future Bank are still sufficient, the new Federal Reserve has temporarily adopted a fixed exchange rate system, that is, stipulating that 1 Singapore dollar is exchanged for 1 US dollar, and using foreign exchange reserves to make the Singapore dollar fluctuate around the current exchange rate.

After waiting for the currency to stabilize, the new Federal Reserve will gradually loosen monetary policy and transition to a floating exchange rate system in which the value of the currency is determined by market supply and demand.

As the largest shareholder of the New Federal Reserve Bank, the first president of the New Federal Reserve Bank is David Smith, the president of Future People Bank, and the vice president is elected by votes from other banks in the country.

Financial matters are easy to say, but quite troublesome in practice. In line with the principle of specialization in the technology industry, Jiang Chen handed over the specific matters of the new Federal Reserve to Mr. Smith. He believed that the former Citibank executive would definitely live up to his expectations.

The issuance of currency by a small country in the Pacific did not cause any big waves in the international arena.

However, compared with the lukewarm response from the international media, under the fuel of the media, there has been a wave of support for the national currency in Xinguo from top to bottom. Driven by the future group, many shopping malls have put labels of Singapore dollars on the shelves, and offer discounts of 10-20% to customers who use Singapore dollars to purchase goods.

In Penglai City, Singapore dollars are added to the personal electronic accounts of urban residents, and a "one-click exchange" button is provided.

In order to reduce travel costs, many tourists also choose to exchange US dollars, soft sister coins, rubles and other local currencies into Singapore dollars for consumption when entering the country. However, for things like the Singapore dollar, many foreigners have shown quite confused emotions.

"Singapore dollars? Secured by coconuts?"

"Maybe it's rubber, or shells or something. (Smiling face)"

"Why can't we just use the U.S. dollar? A small country with a population of less than a million has to issue its own currency. Apart from making it more troublesome to pay the bill, I see no benefit."

"Maybe it's because the chairman of Future People Group wants to print his face on banknotes? In order to achieve this goal, it seems that he can't think of a better way."

Miscellaneous jokes can occasionally be seen in the comment area of ​​related news.

Although people don't care about the new Federal Reserve and the Singapore dollar, they are still very interested in the Future Group itself.

Self-made businessmen can achieve this level, not only controlling offshore countries to set up a monopoly group in the trust model, but also issuing their own currency, which is awesome enough.

Countless capitalists and businessmen regard Jiang Chen as their goal, and countless aspiring young people regard him as a beacon that illuminates their path in life. Fortunately, Jiang Chen didn't know about this, if he knew, he might laugh out loud.

Nima, can my success be copied casually?

If you want to copy it, get a jump bracelet first!

...

No work on Saturday.

At 8 o'clock in the morning, Natasha fell asleep, rubbed her sleepy eyes and walked out of the room, just in time to run into Jiang Chen who came out of the bathroom.

"morning."

"Ha...ah, morning."

Hatching, Natasha echoed Jiang Chen and walked around him to the bathroom.

After washing up, I went to the dining room,

There were sandwiches and milk on the table, and Jiang Chen, who was already dressed, was enjoying breakfast.

The Freemasonry was sternly held back by Russia on the Ukraine issue, and it temporarily took no action against Jiang Chen, and it was a rare leisurely day. Although the two sides are still fighting in Madagascar, Africa is still far away from Asia after all.

Picking up a sandwich, Natasha put her arms lazily on the table, resting her face with one hand, her blue eyes looked suspiciously at Jiang Chen.

"It's really strange, why did you get up so early today?"

And in formal attire.

Who wears formal clothes early in the morning? And it's still on the weekend?

Hearing Natasha's question, the corners of Jiang Chen's mouth twitched with pride. I saw him straighten his collar, wrinkled his eyebrows, and said with a smile.

"Ahem, the one standing in front of you now is Professor Jiang."

Natasha rolled her eyes unceremoniously, took a big bite of the sandwich, her eyes suddenly lit up, she looked at the sandwich in her hand in disbelief.

This smell... is it really a sandwich?

"how is the taste?"

Jiang Chen smiled, stuffed the last piece of sandwich into his mouth, then took a tissue and wiped his hands.

"It's great!" Natasha praised without hesitation, quickly finished the sandwich in her hand, and licked the salad dressing on her fingers, "What is this made of?"

"Actually, it's nothing. The vegetables produced by the seabed planting base are added with Aisha's craftsmanship."

While speaking, Jiang Chen subtly looked away.

Obviously she didn't notice how seductive and criminal this action was in the eyes of men.

Especially when she's still in pajamas...

At this time, the door of the dining room opened, and Aisha appeared at the door.

Walking behind her, she lightly put her hand on Jiang Chen's shoulder and massaged it. Like a docile little wife, Aisha leaned close to her ear and whispered.

"The car is ready."

"Well. Come and eat something, too."

"I ate in the kitchen after my morning run."

If Jiang Chen hadn't been too late the night before, Ayesha would usually get up around 6:30, run along the beach for half an hour, then go to the bathroom to take a shower, and then prepare breakfast for Jiang Chen.

"Do you have any plans for today?" Seeing Jiang Chen preparing to go out, Natasha couldn't help asking.

"Didn't I say that? Please call me Professor Jiang today." Jiang Chen smiled, showing his white teeth.

"……speak English."

Seeing Natasha's disbelieving expression, Jiang Chen shrugged helplessly.

"Okay, Koro Island University's public elective class is starting. As an honorary professor, I just have my public elective class today."

After listening to Jiang Chen's words, Natasha looked at him dumbfounded, and even dropped the sandwich in her mouth back onto the plate.

"Professor? You? Pfft...haha...cough!"

"Smile!"

Jiang Chen stared fiercely at Natasha, who was slapping her chest vigorously and taking a sip of milk, her chest rising and falling.

Just kidding, how can I be a successful person, young master?

What's wrong with being a professor with gold plating? I'm still the first president! Many students who want to take my class don't know where to go!

"By the way, what are you going to give your students?"

With a serious face, Jiang Chen replied honestly.

"cosmology."

"Puff...cough cough! Water! Cough cough! I'm going to die!"

The milk was finished just now, and Natasha, who was choked, held back a smile and rushed into the kitchen like a wind.

Looking at the dangling door of the kitchen, Jiang Chen adjusted the tie around his neck, and complained hard in his heart.

Choking to death! (To be continued.)

...