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Chapter 465: 380
At this moment, Tang Qing realized he had dug his own pit.
At that time, he thought ambitiously, believing it would be good to have a foothold abroad. He could gain many benefits, have somewhere to explore in his spare time, and also help his uncle’s business. It was a win-win situation. Now it seems that his decision wasn’t wrong; the system indeed wanted him to fly. It just seems that the wings are a bit heavy.
But he doesn’t have a choice.
He can only march forward courageously.
There is no way back.
He was now faced with numerous issues from all sides, the first step in enforcing these might give him a headache for some time.
He decided to take it one step at a time and establish the bank. He already had a vague idea in his mind, but he needed to think it through carefully. The system wouldn’t give him a task that he absolutely couldn’t complete, right?
"Damn this system...." Tang Qing murmured to himself.
"Gold, show me around." Tang Qing commanded, planning to first familiarize himself with the surroundings and then think about his next step.
"Yes, Commander."
Soon after, led by Gold, Tang Qing roughly visited all the buildings in the Currency Clearing Center. There were all sorts of robots busily working. Some were sitting upright, while others were busy checking and repairing equipment. The outer banks were not open yet, so the robots had only ’exchanged’ a part of it, as per what Gold said.
The previous five hundred million RMB meant that Tang Qing did not need to spend any more money for any personnel working in the Clearing Center. Rather than having them all sit there doing nothing, which would be incredibly stupid, the center was also equipped with a teleportation device, which was connected to the teleportation area of the Combat Dispatch Center. It did not provide separate teleportation nodes but rather shared the two teleportation nodes with the Combat Dispatch Center.
As he walked and asked questions, Tang Qing found himself understanding quite a bit.
He realized there was a lot to learn.
With this, he gained more confidence in completing his task. 𝚗𝚘v𝚙𝚞b.𝚌𝚘m
It turned out the Currency Clearing Center not only played a supervisory role in managing the operations of outside banks but was also responsible for currency manufacturing. In other words, all the money issued in the future could be produced here without having to set up new factories in the outside world. This was good, saving the time needed for paper research and anti-counterfeiting technology. Otherwise, by the time he was able to print the qualified currency, the worth of it would have changed drastically.
Not just paper money, but other forms of currency like coins, gold coins, silver coins could also be manufactured here. Basically, any currency that existed in the outside world could be made in the Clearing Center.
However, there was a tricky catch.
That was the issuance scale and the value of paper money.
After all, you have to first determine the worth of one unit of your currency and only then can it be exchanged with various currencies in the outside world. In other words, the exchange rate had to be locked down before issuing the currency. Also, issuing was not as simple as printing it and throwing it out there for people to use. Such a method was never plausible in the real world. It was not the year of the Gold Yuan. If it were to be that way, the economy would collapse and inflation would skyrocket, leading to widespread public resentment.
Thus, the Clearing Center set strict restrictions on currency issuance.
The following methods can be used to issue currency in the Currency Clearing Center at present.
The first method was to recycle various national currencies and, in exchange, give out an equal number of the new currency based on the international exchange rate. This was similar to the domestic issuance of RMB. Domestic companies making foreign exchange would be forced to exchange it, thereby handing over the money to the state, which would then recreate the equivalent RMB for the enterprise. Therefore, each foreign exchange gain was equivalent to an issuance of RMB.
The second method was to make an issuance based on international gold and silver prices, using these two precious metals as collateral.
The third method was to issue currency accounting for three percent of the total assets of the controlled area.
The fourth method was to issue currency based on the total amount of the bank’s tier one assets.
The fifth method was to make an emergency issuance of three percent of the total regional assets. But the catch was that it had to be recovered within half a month, followed by a one-month privilege freeze.
These were the options available, indicating that Tang Qing couldn’t issue as much money as he may wish. That was impossible, and it was only a dream.
While appearing to be messy, all these options made good sense. Money could only be issued with collateral, and it was not like money could be manufactured out of nowhere. Not only could physical assets be used, but so could credit. The third method, which computed total asset statistics in the controlled area, embodied the notion of credit, because it would be impossible to cash in those assets in a short time.
It was like national credit, which stood on the aspects of land, population, minerals, technology, etc. These elements were those that could repay the debt after the country went bankrupt.
There were five entire choices, albeit seeming like a lot of options, yet when seriously computed, the currency that he could issue initially didn’t exceed fifty billion RMB. This was quite simple. The money you issued had to be accepted by people, which was a process. There were many tasks to do for that.
Moreover, the precondition for this was the existence of a bank.
As of now, there wasn’t even a brick in place.
It wasn’t as easy a job as hanging a signboard saying "Bank". There had to be the procurement of equipment and personnel from the Currency Clearing Center. Yes, the Currency Clearing Center could exchange robots as well and sold all kinds of equipment, documents, bank cards, credit cards, POS machines, operating systems that a bank needed, etc. It included everything, which saved a lot of trouble.
Since they were not combat personnel, all the robots had a uniform price of one million RMB each. They were all proficient in their jobs, but there was a limit to the quantity. Only a hundred could be exchanged at most, not a single one more than that.
Tang Qing thought this was indeed very reasonable. After all, it wasn’t anything confidential or too difficult, so it wasn’t necessary to have robots doing everything. People could do the job too. With these hundred initial robots, more human experts could be trained, and these robots could serve as the core of the bank’s management in the future.
What he had to do now was find a place, install bank equipment, put up the sign for the bank, and then make the head office binding connection. After that, business could be started.
Tang Qing first came back to the command room.
The Combat Dispatch Center and the Currency Clearing Center were linked together and had no boundary. Therefore, after authorization, Tang Yi also had the right to pass orders to Gold. Tang Qing wasn’t interested in playing around on the ’street’ of the Clearing Center, because he was more familiar here and found it convenient to do anything.
"Tang Yi, tell the guys in Myanmar to find a larger, centrally-located property in Xin’an Town. Have the fighters move the equipment there, install it, and hang a sign for the bank. As for the bank’s name...Damn it, this is a huge problem." Tang Qing complained, holding his head.
Naming was the most troublesome thing to do.
Ordinary names were too common, and names that sounded more dominant looked a bit too pompous. The name needed to be in between, pleasant to hear, otherwise even the name of the currency would be hard to decide.
Tang Qing sat on his chair with his chin resting in his hand. His mind was a mess as he had put himself in a difficult situation.
After a while, Tang Qing made a decision.
"Tang Yi, the bank’s name will be ’Myanmar Bank’," Tang Qing was prepared to do whatever it took to get the outside world to acknowledge it and gain negotiating leverage. This shell was needed for now, as his control area was situated in Myanmar. Right now, it wasn’t suitable to challenge the nerves of international public opinion too much.
If the need arises, we can change it later.
PS: The third update, thank you for all the votes!
