Rebirth: Super Banking System

Chapter 1892: Chapter 1717: Buyback

Need help?

Kan Qin smirked.

In your dreams.

The moment you got the technology, you tossed us aside like old shoes. No promises can be trusted. Over the years, you’ve betrayed your partners as if it were a routine.

Hmph.

Do you think we are fools!

“We can handle it ourselves,” Kan Qin said.

“The more, the merrier.”

“No worries, we’ve got plenty of people.”

“…”

Bluem complained inwardly. Weren’t you just apologizing a moment ago? You said monopolies were undesirable. What you say and do are completely different. Bluem actually knows well that it is Kan Qin’s flattering rhetoric.

After all.

As a technology holder

They wouldn’t truly oppose monopolizing profits.

This time.

It seems they aren’t interested.

Forget it.

Let’s end it here today. Saying anymore would make the intention too obvious, so he changed the subject.

“Your country’s foreign exchange reserves are continuously decreasing. If needed, we are very willing to provide assistance. Moreover, a prolonged fixed exchange rate will cause significant losses to your country. Please consider carefully.”

“Thanks for the reminder.”

Shortly after,

Bluem left.

This time,

It was just to test the waters, not expected to be so tight. It’s not urgent; it’s only just started. They can’t possibly shake Ling genuinely. Their ’alternatives’ haven’t even been tested yet.

Even at the worst,

it must be tested for efficacy within the Myanmar Bank Group before making any decisions. It’s not just because Fray said it could be an alternative that means it can. There aren’t that many fools in the world.

Luckily,

they have something that can pass as real.

…

“It dropped again today.”

“What to do.”

“Let’s withdraw. The myth might be about to shatter, and we need to stop the losses quickly. There are increasingly more reports from Germany. Heard they received substantial investments, seems credible and shouldn’t be wrong.”

“Sigh!”

“Better to stop the losses first. At this rate of decline, no one can withstand it.”

“I just held onto Qingyuan Technology, sold everything else.”

“Same here.”

“I also sold Qingyuan Technology.”

“This is too much.”

“…”

Panic.

Continued to spread.

A week later.

September 26th.

Myanmar’s foreign exchange reserves dropped to less than 20 billion US dollars, but the decline started to slow down. That’s when the Myanmar Bank Group’s years of planning and developmental achievements began to show their power.

The ones leaving,

were mostly international capital.

Initially invested, made a lot through investments in tourism, real estate, stock market, etc. Two years ago, Myanmar was really short on cash, but now, the issuance of Asia Dollar has increasingly grown, the money has increased.

If someone sells,

someone else buys.

Among them,

the Myanmar Asia Chamber of Commerce members played a crucial role, spontaneously collaborating to buy back those assets, businesses, and stocks intending to slow down the decline. They don’t want this ship to sink.

If the ship sinks,

everyone kneels.

…

Within Nedu (內必都).

The Miao Family.

Manor.

Miao Yin noticed a few more gray hairs.

“All our liquid funds are exhausted, the new loan of 7 billion Asia Dollars from the Myanmar Bank Group is about to be completely used, now we have over 33 billion Asia Dollars debt.”

After hearing the report,

Miao Yin bitterly smiled.

This time,

We’ve amassed a huge debt.

In just one week,

bought over a hundred billion in stocks.

Also bought several companies and dozens of properties. Myanmar Bank Group is willing to lend; otherwise, we couldn’t have bought them. They’re gambling that the transcription fluid technology is the best.

Through the effort of the Chamber of Commerce members,

The stock prices didn’t collapse.

Asset prices also didn’t plunge.

Some decrease,

But not much.

It was at this time Miao Yin truly understood that only your own people can be trusted, others are here to make money. When the winds change, they’ll quickly vanish, leaving the mess for you to clean up.

Fortunately,

from the very start, Ling strongly supported their own people.

Myanmar Bank Group.

Like the stabilizing needle in the sea.

Kept the Asian Economic Special Zone stable in terms of asset prices despite stock price fluctuations, because the permits granted were precious. Regarding housing, real estate, they’re entirely in the hands of Myanmar Bank Group.

If it doesn’t move,

no one else can, because there isn’t even a buying or selling market.

Therefore,

in such a situation, relying on less than 20 billion US dollars of foreign exchange reserves, they can forcibly stabilize the exchange rate, because here, a large number of assets are in the hands of their own people, there’s no running away.

If no one runs,

foreign exchange won’t be consumed.

The exchange rate is stable.

Asia Dollar.

Will have purchasing power, so their assets can maintain value. Therefore, it’s a situation where one thrives, all thrive; one falls, all fall. Ling doesn’t want the Asia Dollar to depreciate. Myanmar Asia Chamber of Commerce members don’t want it either.

At night,

Miao Ye came back,

saw the son’s frown, Miao Yin asked:

“What’s wrong?”

“Things are getting more complicated,” Miao Ye sighed. Unexpectedly, an alternative product caused so much trouble. The economic prosperity driven by a single technology indeed has great risks.

Of course,

he trusts Ling,

believes they can overcome the crisis. But things went downhill too fast.

“What happened?”

“A few countries announced, starting today, restricting investments in Asia Dollar, and intend to remove Asia Dollar reserves from their foreign exchange reserves. They even exchanged some reserves for foreign currency at the Central Bank.”

“What?”

Miao Yin was shocked.

Are other countries starting to move too?

Before,

it was just financial institutions and individuals. Now, this kind of announcement represents a different level of significance. You have to know, foreign capital that was supposed to withdraw has already done so, and foreign exchange reserves have welcomed stability.

But,

countries still hold a lot of Asia Dollar.

This time,

it might be another shock wave, and they really can’t withstand it. The stock market and assets can still be bought back, but the countries want foreign currency; they want to help; the only way is to get foreign currency.

However,

that’s too difficult.

“What to do?” Miao Yin was a bit anxious.

Upon seeing this,

Miao Ye laughed.

“No problem, you have already tried your best. Ling had a meeting today, saying your contributions are significant. There’s nothing more you can help with, just do your own things, don’t worry about the rest.”

“Huh?”

Miao Yin was stunned.

What does it mean?

Does Ling have a solution?

“What’s going on?”

“Our largest Asia Dollar holder is Huaxia. They sent a friendly message that under no circumstances will they sell their Asia Dollar reserves. Therefore, there’s no need to worry too much.”

“They’ve expressed it clearly?”

“Yes.”

“That’s great.”

Miao Yin said happily, still the motherland is reliable.

This way,

even if foreign exchange reserves deplete, they can uphold the Asia Dollar exchange rate. Furthermore, letting it run dry isn’t going to be that easy, Myanmar Bank Group holds considerable overseas assets, not scared of bank runs.

“Endure this period, and it’ll be fine,” Miao Ye said.

“Yes, yes.”

“As for the assets you purchased with the loan, you can hold them yourself, or let Myanmar Bank Group buy them back. The price will be what you purchased at; it’s up to you.”

Just like that,

it’s as if stopping the losses for everyone.

Miao Ye sighed.

Ling really is generous; now they have no worries.

“Great, great, great.”

Miao Yin said ’great’ three times.

“About the timing?”

“Within a month, buyback at the original price, after a month, considered willing to hold, will not buy back these assets anymore.”