Chapter 1289 The merger of the financial systems of East and West Germany! Imperial Group profits

the end of April.

The AFC Champions League final was held at the Xiangjiang Stadium. The football team from the Xiangjiang League A team named Oriental Pearl played against the domestic Liaoning team and won the Liaoning team with a total score of 5:2.

This is the first league team in Hong Kong to win the intercontinental championship, and it still has a great influence in Hong Kong.

Historically, it was the Liaoning team that originally won the first domestic AFC Champions League, but it was because of this Xiangjiang Football League team that they could only finish second.

In addition, the 1990 World Cup was held in Italy in early June. In the Asian division, Xiangjiang and Dongyang entered the World Cup for the first time. There is no doubt that this will have a greater impact on Xiangjiang.

In the eyes of many people, this is all due to Sir Yang. It was under the chairmanship of Sir Yang that the Xiangjiang Football Association made rapid progress in football.

Although there are many white people in Xiangjiang's football team, there are also Chinese people. This also shows that the Chinese football team is no worse than those white people and black people.

May.

June.

Yang Ming always crossed the Xiangjiang River.

In addition to my normal commute, I also occasionally go to the Xiangjiang Science and Technology Park.

As July approaches, global developments are important events.

On July 7, East and West Germany merged their financial systems. East Germany switched to West German marks, and the original East German marks were exchanged for West German marks on a "1:1" basis.

This meant that East and West Germany were about to merge.

The most important thing here involves the financial merger of East and West Germany.

East German Marks were actually exchanged at 1:1.

However, the economy of East Germany was seriously overestimated before this. At the end of the 80s, the per capita national income of West Germany was about 3 East German marks, and the per capita national income of East Germany was about 2 East German marks.

Because both Germanys believed that they were the only legitimate countries in the country and insisted on a 1:1 exchange rate between East German and West German marks, many people used this as a basis to believe that East Germany had half the economic strength of West Germany.

But in fact, this is not the case at all. After the Plaza Accord, the exchange rate of the West German mark rose sharply. 3 West German marks is almost equivalent to 2 U.S. dollars, while the official exchange rate of the East German mark to the U.S. dollar is 1:4.4, and 1.5 East German marks It can be redeemed up to US$3. This is still the official exchange rate, and only the privileged class can exchange dollars at this rate.

Calculated at a fair exchange rate, the East German mark can only be exchanged for 7 cents, and the per capita national income is only about one thousand US dollars.

With the disintegration of the Economic Cooperation Council system, the East German economy fell into collapse. On the eve of the merger of the two Germanys, no one expected the government to exchange East German marks at an exchange rate of 1:1. An exchange rate of 1:4 was considered conscientious. Yes, according to fair exchange rate calculation, the exchange rate between West German mark and East German mark should be between 1:8 and 1:10.

Of course, on the black markets of East Germany and West Germany, before that, the exchange rates between West German Mark and East German Mark were about 1:5, 1:6, or even 1:8.

If you use US dollars to exchange for East German Marks on the black market, the East German Marks will be worthless. ,

After Yang Ming went to East Germany for the first time, he began to ask Li Jun to plan the financial merger of East and West Germany.

In other words, the imperial group collected a large amount of East German marks in East Germany, West Germany, Soviet Union and Eastern European countries.

It is still exchanged at a ratio of 1:5 between West German Marks and East German Marks.

This time, in order to merge East and West Germany, West Germany made very big concessions.

Historically, in order to bridge the gap between the east and the west, a policy of 1:1 exchange of two German marks was implemented. The wages, pensions and social benefits of former East German civil servants were all paid in West German marks. In other words, the former East German civil servants received gold yuan coupons. West Germany wants to pay real money for things that are priced.

After Yang Ming saw this explosive news, he knew that the Imperial Group had really made a lot of profits this time.

1990 7 Month 5 Day.

Thursday.

A direct international flight from Moscow to Xiangjiang.

The person who got off the plane was Li Jun wearing sunglasses.

This time, he came back to report to Yang Ming.

When Lin Dezhong sent by Yang Ming picked him up at Xiangjiang New International Airport, Li Jun sat in the car and looked out the window, still a little excited.

As he sat the Bentley stopped.

At this time, Yang Ming was already waiting for him.

"Boss, I'm back."

Li Jun got off the car and immediately greeted the boss.

Yang Ming nodded and went upstairs with him.

It can be said that more major events have happened in Soviet Union and Eastern Europe this year.

Like in March, Li Taowan announced that it would break away from the Soviet Union and become an independent country.

In May, Latvia announced its separation from the Soviet Union and became an independent country.

In June, Goose State announced its separation from the Soviet Union and became an independent and sovereign country.

East Germany in Eastern Europe has been in talks with West Germany. West Germany has made concessions, and East and West Germany has taken the lead in financial mergers. This means that East Germany is prepared to exchange West German Marks at a 1:1 ratio.

These things have a huge global impact.

"Boss, Su Lian is really in a mess."

Su Lian now seems to be in the last generation, really in chaos.

At this point, Li Jun really felt it.

It is precisely because of that that the Imperial Group has been doing business in Sulian. Many of Sulian's valuable things have been sold to the Imperial Group.

Including a large number of arms, technology, technical personnel, etc., all have been bought or poached by the Imperial Group.

In addition, the Imperial Group in Eastern Europe and the Soviet Union bought a large amount of East German Marks and have now made six or seven times the profit.

I originally wanted to buy more, but when East and West Germany announced the merger financial plan, Li Jun and the Imperial Group had no chance.

"How much profit will be made this time?"

"Nearly 800 billion marks."

800 billion marks?

In conversion, it’s almost 500 billion US dollars.

This is definitely a lot of money.

I originally wanted to buy more East German Marks, but there were no more East German Marks on the market. What's more, when East and West Germany announced a financial merger, Imperial Group and Li Jun would have no choice.

It can be said that the Imperial Group made the biggest profit this time, followed by the wealthy East Germans and some people.

After all, their East German mark exchange rate suddenly increased several times.

On the other hand, West Germany spent a lot of money to buy East Germany. Without using force or making sacrifices, West Germany could be considered a winner.

After all, for West Germany, doing that was to make up for the economies on both sides.

Now West Germany is too developed, while East Germany is much worse.

"Next, East and West Germany will be officially merged soon, but many state-owned enterprises in East Germany will be sold. You can use the money you earn this time to buy some properties and companies in East Germany as much as possible."

East German companies were unable to compete with West Germany in terms of competitiveness.

West Germany has produced many world-class international companies, but there are really not many companies in East Germany that are famous.

However, even then, East Germany still had a number of good state-owned enterprises, but they were not very competitive before.

This time, after the merger of East and West Germany, the state-owned enterprises in East Germany will definitely be sold.

Historically, most of these East German companies were swallowed up by West German companies.