Chapter 1110 Sakura Coin War (2)
Sakurai Musashi's eyes widened and he couldn't believe it!
Although Sakura Country encountered an economic crisis in the 1990s, its strength was not as strong as before.
But as the saying goes, a skinny camel is bigger than a horse!
The Sakura Kingdom at its peak claimed to be able to buy two overlords! ! !
And after so many years of recuperation, Sakura Country's economy has begun to rise steadily, and it is still the core of the largest economy in the East! ! !
I didn’t expect that someone would be so bold as to launch a currency war against Sakura Country! !
"Have you found out who is so bold?" Sakurai Musashi asked in a deep voice.
"We are checking the source. At present, we only know that the main force of these short sellers comes from Daxia." Naoki Hansawa said.
"What?!"
Sakurai Musashi's pupils shrank sharply, feeling a burst of absurdity and anger.
Daxia is still a poor country, and the problem of food and clothing has not yet been solved!
Last month, most of Daxia's manufacturing industry even relied on Sakura Country!
But this month, he actually dared to launch a currency war against Sakura Country!
This is simply rubbing Sakura Country’s face on the ground! ! !
"President Banze, you immediately urge all the senior officials of the Financial Department to come to the palace for a meeting.
Also, all the bosses of the six major consortiums also called me over! "
"The situation is urgent. This meeting is marked SSS level for me!!!"
Sakurai Musashi said loudly.
In the afternoon, Naoki Hansawa, Kari Mitsui and other experts in the economic field gathered at the palace to hold the first SSS-level economic meeting in Sakura Country's history to discuss how to resist this super short.
The meeting lasted for three days and nights.
During this period, Chen Mo kept borrowing Sakura coins from the Bank of Sakura Country, then selling the Sakura coins, and finally converted them into Hegemon coins.
In this way, with repeated operations, many Sakura coins on the Sakura Country market were soon on the verge of being ruined. Panic in the market also began to spread, and many people began to sell Sakura coins.
By the time the Sakurai Musashi Conference was over, the exchange rate of Sakura Coin had fallen by 10%!
In this case, the exporters of Sakura Country were the first to feel extremely uncomfortable.
Because they didn't do anything, the profit from foreign exchange settlement was reduced by 10%!
The transfer rate from the exchange rate to daily prices is not that fast, but many people at the bottom of Sakura clearly feel the slight increase in prices.
Under the prosperous surface of Sakura Country, a storm is coming and the building will collapse!
Three days later.
Sakurai Musashi and others finally formulated a response policy.
Led by Sakura Head Office and assisted by six major consortiums, they competed with Chen Mo and other international big short sellers to conduct currency hedging!
In the palace conference hall.
Sakurai Musashi and other high-ranking members of the royal family are personally supervising!
The presidents of major banks ended up becoming traders!
Naoki Hanzawa took the lead in trading.
"Everyone is ready to invest the 50 billion foreign exchange reserves of the head office and let me eat the excess Sakura coins on the market!!!"
Following Naoki Hanzawa’s order!
The presidents of all the banks started issuing orders!
The huge foreign exchange reserves of 50 billion Hegemonic coins are like a huge flood, pouring on the booming Sakura coin short market!
As soon as a large amount of foreign exchange entered the market, the excess Sakura Coins were wiped out, and the exchange rate of Sakura Coins rose accordingly!
"Report, San0 Bank has completed the repurchase of Sakura coins with 10 billion hegemonic coins!!!"
“Sanjing Bank’s 10 billion hegemonic currency has also been released!!!”
"President Banze, Ruihui Bank's 5 billion has been secured!!!"
"The exchange rate of Sakura Coin is steadily correcting, and it has now increased from a decrease of 10% to a decrease of 4%!"
"After this wave of foreign exchange reserves are released, the exchange rate will definitely return to normal levels!!!"
Listening to everyone's reports, Hanzawa Naoki breathed a sigh of relief.
Then, Naoki Hansawa narrowed his eyes slightly and said in a cold voice: "Immediately implement the first and second orders issued by the meeting!!!"
"This time, I will make the international short-sellers lose all their money!!!"
The other side.
Daxia Kingdom, Ziyuan Building, Moyuan Capital Company.
Han Li and all the traders at Moyuan Capital were highly nervous, and they were typing rapidly on the keyboard with their hands.
The war continues, and the atmosphere is tense and depressing!
Han Li suddenly turned his head and looked at Chen Mo behind him.
"Mr. Chen, the Sakura Country officials have taken action! The Sakura Head Office released a huge amount of foreign exchange reserves and ate the Sakura coins we sold!"
"The exchange rate of Sakura coins is now almost back to normal levels!"
Chen Mo nodded: "It seems that Sakurai Musashi reacted much faster than I thought."
Han Li asked: "Mr. Chen, should we continue selling, or should we stop selling first?"
"Continue! Don't stop! Once we stop, our losses will be astronomical!"
Chen Mo's eyes flashed: "Give me the order to continue borrowing and selling!!!"
"Yes! Mr. Chen!"
Han Li nodded and ordered loudly:
“Continue to borrow Sakura Coins from Sakura Country Bank and sell them!!!”
"Boost!!!"
"Yes, Mr. Han!!!"
All traders of Moyuan Capital, your computer operation speed is a little faster!
And at this time.
Gong Ziyuan twisted her graceful figure and came to the office.
After receiving the certificate from Chen Mo, Gong Ziyuan became more charming and charming as a mature woman, and less immature as a girl.
"Brother Mo, it's not good!! Look at this quickly!"
Gong Ziyuan handed a laptop to Chen Mo.
A piece of news was being displayed on the computer screen. It was the latest economic terms issued by the top bank of Sakura Country!
"Sakurai Musashi directly issued an order prohibiting foreign banks from lending Sakura coins to us and other foreign capital!"
"In addition, Sakurai Musashi also increased the overnight lending interest rate from 1% to more than 100%! Our borrowing cost has directly increased by 100 times!!!"
"Now it is impossible to borrow Sakura Coins from Sakura Country Bank."
Gong Ziyuan said anxiously.
As if to confirm Gong Ziyuan's statement.
Han Li also anxiously ran over to report:
"Mr. Chen, traders have just reported that all foreign capital and companies in Sakura Country who want to borrow money through mortgage loans have been rejected!"
"In addition, the overnight lending interest rate has skyrocketed to 100%! If you borrow now and sell it the next day, you will borrow 100 and owe the other party 200! The cost is too exaggerated!!!"
"What do we do next?"
Chen Mo thought for a while and said: "Stop borrowing temporarily and wait for my next order."
"yes!"
In the first round of the Sakura Coin war, Chen Mo failed to take advantage and was defeated. He even lost 30 billion, while Sakura Coin was stabilized.
