Chapter 1112 Sakura Coin War (4)
According to Hansawa Naoki's investigation, the current situation is that a large amount of money is flowing out of Sakura Country.
Many domestic and foreign companies in Sakura Country have lost confidence in Sakura Country.
Even though the government started capital controls, Hansawa Naoki still felt that Sakura Coin could no longer hold on.
However, as the president of the Bank of Sakura Country, Naoki Hansawa still performed his duties and issued orders to many banks:
“Immediately use all foreign exchange reserves for currency hedging!!!”
"All banks, please submit the loan records of Sakura coins in the past month to the head office within three days for investigation!!!"
"I hope the interbank interest rate will continue to rise. No matter how exaggerated it is, it is right to rise!!!"
"I don't care what methods you have, you must hold on to me!!!"
The presidents of the private banks under the Sakura Country Head Office have some tacit understanding.
In the past few days, 50% of the foreign exchange reserves have been exchanged by the country's citizens alone!
How can there be money to hedge 1 trillion?
But everyone is still pretending to be busy.
They don't know exactly what they are busy with. In short, they should act like I'm very busy and show it to the boss first!
As a result, in late May, all banks in Sakura Country entered a state of emergency preparation, and all staff were on standby almost 24 hours a day and worked overtime!
Everyone seems to have endless work on their hands!
The fierce fighting continued.
The many traders of Moyuan Capital seemed to be typing the computer keyboards to sparks!
A massive amount of 1 trillion yuan was sold out in one fell swoop, almost triggering a landslide and tsunami! ! !
Sakura Country Imperial Palace.
"Your Majesty, our reserves are running low! We can't keep up with their selling speed!"
"Citizens are panicking and exchanging the hegemonic currency. International public opinion is all bearish and market confidence is jumping!!!"
"Your Majesty, the stock market, futures market and foreign exchange market have suffered a comprehensive blow. Financial pressure no longer allows us to borrow power from these places. Even the leaders of these markets have asked us for help!"
"..."
In the palace, the presidents of major banks, the head of the Economic Department, the head of the Senate Pavilion and other senior officials were all sweating profusely while making reports.
not only.
The housekeeper secretly came over and whispered to Sakurai Musashi: "Your Majesty, there are already people in the country who are dissatisfied with you.
They want to support the new emperor to ascend to power.
Please also find a way to quell this disaster as soon as possible..."
Sakurai Musashi was already livid.
The Sakura Kingdom’s hundreds of billions of hegemony coins have all been released, but the goods released by Chen Mo on the market are still coming like yellow sand all over the sky. The Sakura Kingdom officials simply cannot hold on!
What can he do in this situation?
Sakurai Musashi felt such great despair for the first time after becoming a god!
At this moment, Sakurai Musashi fell into a long silence.
The atmosphere in the palace became extremely depressed, desperate and suffocating.
After a long time.
Sakurai Musashi gritted his teeth and said: "Immediately convene domestic and foreign reporters for a press conference, and stabilize market confidence first!"
Daxia Kingdom, Ziyuan Building.
Moyuan Capital Company is already a sea of joy! ! !
All the Moyuan Capital traders were shouting excitedly in front of their computers!
"Fall! Fall! Fall! Fall!!!"
"Hahaha, fell again!!!"
"It has dropped by 50%!!! It's 51, it's 52!!!"
"..."
Amid bursts of cheers, Han Li said excitedly:
"Boss, thank you for giving me this opportunity to win glory for the country! My father, uncle and grandfather knew what we were doing and severely suppressed the financial community of Sakura Country. They all praised me as a good son and grandson of the Han family. ! He also said that after this time, he will hold a special celebration banquet for me, and the whole family, old and young, will come to congratulate me!"
"Hahaha, this is the first time in my life that I am treated as a hero by my own family!"
Chen Mo's lips curled up slightly and he said, "No need to be modest, everyone present is a hero!"
This is not something I say casually.
Once shorted successfully, Sakura Country's national power will even drop 100 ranks!
The economy is likely to be in recession for 10 years!
The stock market may not even recover within 20 years!
At this moment, a trader suddenly stood up and said: "Boss, the Emperor of Sakura Kingdom held a press conference, and it seems to be about this short sale!"
"Huh? What's going on?"
Chen Mo said in a deep voice.
The trader immediately sent a link to Chen Mo's TT.
Chen Mo clicked on the link.
At this time, Sakurai Musashi is shown speaking into the microphone.
“Recently, some people with bad intentions have conducted malicious short selling.
However, through the efforts of our Sakura Country officials, the situation has gradually improved and everything is gradually recovering smoothly. "
"Here, I swear on the honor of the royal family that within two days, all drops will be restored to their original state, and our Sakura Country government will make those speculators lose their money!!!!"
Chen Mo smiled: "Sakurai Musashi is in a hurry, I'm afraid he has no cards left to play!"
"Han Li, keep up the pressure! Don't stop selling!"
"Forcing Sakura Country officials to abandon the fixed exchange rate!"
The so-called fixed exchange rate means that the exchange rate of Sakura currency against the national currency is fixed. No matter what the economy is like, the money will always maintain its value without depreciation.
However, it is obviously impossible to continue to maintain a fixed exchange rate when the official foreign exchange is almost running out of ammunition and food!
Only by abandoning the fixed exchange rate and implementing a floating exchange rate system can the government have enough money for citizens to exchange foreign exchange.
Sakura Country Imperial Palace.
The presidents of major banks, senior officials of the Senate, and senior officials of the Economic Affairs Department all exclaimed one after another! ! !
"The other party's selling is still continuing, the pressure is too great!!! The emperor's press conference did not restore the market's confidence!"
"Oh my god! It's down 60%!!!"
"Are these citizens crazy? They have smashed the bank doors!!! They all want to exchange currency!!!"
"The negative effects of the current decline have begun to be transmitted to daily commodities. Domestic inflation is now too serious. Prices of food, water, oil and other daily necessities have skyrocketed, and the price increases every day!!!"
"My lord, please think of a solution quickly. If this continues, there will be a financial crisis in the Sakura Congress!!!"
"..."
A series of exclamations poured into Sakurai Musashi's ears.
He was already in a irritable mood, his face became more and more gloomy, and the anger in his chest grew stronger and stronger! ! !
"Shut up, everyone!!!"
Sakurai Musashi roared loudly:
"Where is Naoki Hansawa? Why didn't he come to the palace today?!"
