Reborn Capital Madman

Gaofu Garden, a middle-class residential community in Xiangjiang, has a strong atmosphere of stocking up and preserving daily necessities. If you can’t buy food such as canned food and dry goods, just buy some household items. Anyway, you are careful and try not to be depreciated by the Hong Kong dollar.

Throwing too far.

Among the people, Zhou Chengchang, Qin Sumei and Qin Zixin were not abrupt in moving things, and at most they were envious and spoke a few words.

After sitting at home, the three of them chatted casually. Qin Sumei was also very concerned about the rumor that was rumored. Sir Gao and the Finance Secretary Peng Lizhi publicly quarreled. "Many people were talking about the government, and the government has never taken measures to depreciate the Hong Kong dollar sharply.

At least it was the Finance Minister Peng Lizhi who could not refuse the blame. This Xiangjiang Caizhe would be better off asking Sir Gao to be his role."

Zhou Chengchang smiled, "The boss really didn't like the position of the Finance Department. What he cares about is the stability of the Hong Kong dollar. This is the real big thing."

"Apart from knowing that money is becoming less and less valuable, we ordinary people don't understand anything else." Qin Sumei sighed softly, "Fortunately, everyone can still count on Sir Gao and believe in Sir Gao."

On this topic, Zhou Chengchang really has nothing to talk about with Qin Sumei. At most, he often passes the endless stream of customers and the voices of grassroots people represented in Qin Sumei's tea restaurant to his boss as a reference

.

After talking about the current family matters of the villagers in Muwu District, Zhou Chengchang got up and said goodbye, and went to report to Gao Xian.

Qin Sumei asked her daughter casually, "Zhaodi, the things have been sent back, and there is still half a day left. Don't you go back to the company?"

"I was on holiday in the afternoon. In the business department, no one cared about the Hong Kong dollar business, and the foreign currency business quota was exhausted. Apart from sorting out the information, there was really no job to do. It just so happened that I could take a break." Qin Zixin answered,

I tuned the TV channel and switched between BTV's Jade Channel, Pearl Channel, Atv's Hong Kong Channel, International Channel, etc., and wanted to find a program that I was interested in, but finally stopped at the replay of a conversation program.

On TV, Huang Zhan, Ni Fu, and Cai Lan, three famous celebrities in Xiangjiang, revolve around one Hong Kong dollar nearly fifty years ago, which is equivalent to at least four hundred Hong Kong dollars today. This very entertaining topic is full of talk and laughing and angering.

The scolding and witty words not only made Qin Zixin laugh, but even Qin Sumei was attracted. She forgot to go back to the store to work, sat next to her daughter, and looked like she looked.

Huang Zhan recalled: "I still have the impression that the official depreciation of the Hong Kong dollar I experienced occurred in 1967. The pound depreciated by more than 14%. At that time, the Hong Kong dollar, which was linked to the pound, also depreciated by a hundred.

More than 14 points, and it happened that the advertising company sent me on a business trip to the United States. When I wanted to buy some local souvenirs and take them back to Xiangjiang and give them to my relatives and friends, I found that the money was not enough. In order to avoid the trouble of favoring one and the other, I simply did nothing.

I bought it, but it saved a lot of expenses.”

Cai Lan cut, "You are stingy, just be stingy, and you always find a decent excuse."

Ni Fu also blew up the situation, "Why didn't I feel like you at that time?"

Huang Zhan laughed and scolded: "Are you very rich at that time?"

Cai Lan said with a helping voice: "At that time, his royalties might not be less than the salary of your executive, an advertising company."

Huang Zhan fought back mercilessly: "But his money was spent in bars and nightclubs in Hong Kong. How could he directly experience the depreciation of the Hong Kong dollar if he didn't go overseas?"

Ni Fu coughed and changed the topic: "Did the official government transferred the foreign exchange fund from the London bank account to the local bank account in Xiangjiang at that time?"

Huang Zhan kept chasing and replied casually: "That's not the case. It was not until the pound exchange rate fluctuated freely in 1972 that the Hong Kong dollar was decoupled from the pound and turned to the US dollar. The government went all out to do a lot of effort.

Transfer the foreign exchange fund from London to Hong Kong.”

"But this period is not long. In 1973, the US dollar depreciated 10% against gold. In order to avoid the disadvantage of linkage depreciation when it was previously linked to the pound, the Hong Kong dollar continued to maintain its original value with gold.

In other words, the Hong Kong dollar appreciated against the US dollar; but within a few months, the US dollar broke off the hook with gold, and the Hong Kong dollar had to decouple from the US dollar, becoming the current exchange rate free floating."

Cai Lan sighed, "It seems that the two backers of the British pound and the US dollar are not always reliable."

Ni Fu couldn't hide his nature and analyzed: "The current severe turmoil in the Hong Kong dollar is because of the right factors related to the north, right?"

"It's not entirely because the negotiations are deadlocked." Huang Zhan laughed, "The operation of the foreign exchange fund itself in recent years is indeed debatable."

"During the pound exchange standard period, Huifeng and Standard Chartered are beneficial to the three issuing banks. When issuing new banknotes, the corresponding value of the pound will be deposited into the foreign exchange fund; when the foreign exchange fund is transferred from London to Hong Kong, the Hong Kong dollar will be pegged to the US dollar,

Even in the next period of free floating Hong Kong dollar exchange rate, although that principle has not changed, the specific operation is that when the issuing bank allows the issuing bank to issue new banknotes, it only transfers the corresponding Hong Kong dollar to the foreign exchange fund, and then the official government uses these

Hong Kong dollars, go to the international foreign exchange market to buy US dollars."

"It is obvious that when the Hong Kong dollar value is strong, the official government has the enthusiasm to buy the US dollar, but when the Hong Kong dollar value is weak, the official government has no compulsory constraints that it must do, which actually leads to the failure of the Hong Kong monetary policy management, Gao Jazz

This is the dispute with the Finance Department.”

"Perhaps, making the foreign exchange fund independent of the government and operate neutrally is really a good solution."

...

A daughter who graduated from college explained patiently that after Qin Sumei watched this conversation with relish, she felt that she had benefited a lot. She was about to go back to her own tea restaurant to work, and by the way, she was promoting science in the circle of that street.

, the phone rang.

It turned out that Gao Xian was a little worried after listening to Zhou Chengchang's report, so he took the time to call and asked Qin Sumei and Lu Renbao's family to pay attention to their personal safety and not to care about the temporary gains and losses of the tea restaurant. When this special period has passed, he will make up for the losses;

Don’t go to the store to rush to buy it, so as not to encounter an unexpected incident of stampedeship. You will ask Zhou Chengchang to send daily necessities again, so on.

Qin Sumei, who was smiling from ear to ear, agreed repeatedly, "Sir Gao is right, we all take the attitude of letting things go with the flow in the tea restaurant. Baozai doesn't live in the store to see the store, so you can think about the money.

If you make another profit, people must not take risks; Achang sent a lot of things this time, enough for half a month."

Gao Xian let go of the phone and breathed a sigh of relief. At this time, Ye Licheng walked in. "This year, the Hong Kong dollar exchange rate against the US dollar is roughly 8.4, and the downward trend is terrible. I don't know that after the announcement of the fourth round of negotiations on the weekend came out,

What will happen?"

"Now the public is suspicious, the media is talking about it, and the pressure is getting greater and greater. They are all on the side of the Finance Department. Maybe Peng Lizhi really wants to take the blame to give the Hong Kong government a step forward." Gao Xian's eyes flashed with a cold light, "I think,

In a few days, the Hong Kong government will hold academic discussions on the new monetary policy.”

...

On September 24, against the backdrop of Britain's use of Hong Kong prosperity as a bargaining chip to threaten negotiations, the Hong Kong dollar exchange rate continued to turn sharply, even hitting a new low of 9.6. Almost all foreign investors refused to accept the Hong Kong dollar and the bank's

The exchange rate for US dollar was also exhausted, and the panic in the society of Hong Kong reached a new high. All stores in Hong Kong were overcrowded, and all customers were racking their brains to find products that could help them reduce their losses.

It is no exaggeration to say that at this time, the entire Xiangjiang financial system was in danger.

The Hong Kong government finally couldn't sit still. That night, the Finance Minister Peng Lizhi publicly stated on TV, "Well, everyone should not panic. The government is actively formulating a plan to stabilize the Hong Kong dollar."

At the same time, the Finance Department Peng Lizhi did not forget to issue a warning that it would be illegal for anyone in Xiangjiang to require the use of foreign currency in local transactions.

Many people who were dragging their tired bodies and returning from the store were unable to help but roared after seeing the TV speech of the Finance Secretary Peng Lizhi, saying, "What have you done?" If you listen to Sir Gao's opinion, take action as soon as possible.

Why did the situation collapse so much when the Hong Kong dollar stabilized?