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Chapter 475: Chapter 387: Border Bank, People Arriving (Please Subscribe!)_1
Thinking about the scale of ’cashing out’ in the future, Tang Qing was getting more and more excited. As long as he could use Asia Dollars to exchange for goods in the mall, his future financial pressure would be greatly reduced, which would also be beneficial to the establishment of the future industrial alliance.
As for the black prison, it didn’t worry him so much. With the ’Pixiu Plan’ and Tongtian’s help, he wouldn’t have to spend much money on it in the future.
However, the industrial alliance was different. It required astronomical amounts of money, as it was primarily involved in industries that operate on a heavy asset model, requiring tangible funds.
He had thought that the bottomless pit of the industrial alliance would give him a massive headache. Indeed, whether it’s acquiring companies or buying equipment and land, everything required money, and lots of it. Throwing a hundred billion RMB in might not even make a splash. Moreover, there were many other plans that needed funding, so he forecasted that the pressure on future funds would be great.
But with the Myanmar Bank, he could use the overdraft assets of Asia Dollars, without having to use other money. This way, it could basically solve the problem of future funds, and he would no longer have to rack his brain.
And this could be considered as indirectly collecting a seigniorage tax.
It was as if he could immediately use assets that couldn’t be cashed in a short time, and without interest too. 𝖓𝔬𝖛𝔭𝔲𝖇.𝔠𝔬𝖒
It was absolutely a gift when in urgent need.
Perfect assistance.
Meanwhile, thinking about the future industrial model within his territory, Tang Qing suddenly developed a desire for land and population.
It seems.
It was time to make new plans.
...
The next day.
June 2nd.
Thailand border.
Early in the morning, Wangsa’s ’staff’ noticed a new sign next to the ’Entry and Exit Commodity and Personnel Registration Management Center’ building on the opposite side -- ’Myanmar Bank’.
They remembered that the building was a storeroom before, and they didn’t expect a ’science fiction’ building to appear overnight.
Fuck.
Isn’t this science fiction?
A bank has appeared on the other side, and it has words with national identification. Even though they had never heard of this bank before, it didn’t stop the masses from guessing. Could it be... that the area on the other side has been incorporated by the Myanmarese government?
This bold speculation made their heads spin.
And the more they thought about it, the more possible it seemed.
So, everyone got excited and started a heated discussion.
However, no one could provide an explanation. They were not from the other side, nor did they have the courage to cross the river and ask.
At this time, the first middle-aged merchant from the territory who came to purchase goods had his entries registered, and crossed the river into Thailand’s territory on his tricycle.
All of a sudden, a crowd gathered around him.
"Brother, what does the Myanmar Bank mean?" A ’staff member’ hurriedly asked. Others also watched him curiously like babies.
"What does it mean? It’s just as it says. Our Leader Ling started a bank and issued a new currency." The merchant proudly declared, seeing the ’unsophisticated’ expressions on the crowd. He is also a descendant of the Chinese diaspora in Myanmar, who used to be a farmer and couldn’t earn much money all year round.
Later, one of his sons became a soldier in the territory, and the other maintained security in Xin’an Town. Both of them were well-compensated, and their family members also enjoyed preferential treatment. He was given a qualification to trade and a market stall.
Therefore, he had a strong sense of identity with the territory.
This morning, he came to purchase goods, and on the way, he realized that he had exchanged all his money for Asia Dollars yesterday. Today, he realized that the other side might not recognize Asia Dollars, so he exchanged various foreign currencies in the Myanmar Bank. However, he knew that it was not allowed to exchange foreign currencies in other places in the territory. Only businesses involved in import and export settlement could exchange foreign currencies at the bank.
"New currency, do you guys believe it?" That ’staff member’ said with an ’you guys must have been duped’ look on his face.
At these words, the merchant was not pleased and said grumpily: "Believe it, of course I believe it. Alright, I have to rush to stock up." He must keep up his calm exterior, even if he has to force it.
Seeing the merchant unhappy, the staff member quickly stepped aside.
Gradually, a large number of merchants came over to purchase goods. They also gradually understood the series of events and were all flabbergasted. Just one day, only one day, and they had completed the establishment and issuance. The speed was astounding.
But looking at the exquisite currency they curiously exchanged, the crowd fell silent. The Asia Dollar was much nicer and more delicate than the Thai Baht. The anti-counterfeiting and paper technology were also better than the Thai Baht. Out of curiosity, all the staff members exchanged a lot, planning to collect them. Even if the bank goes bankrupt in the future, these well-made bills might still be valuable collectibles.
Unfortunately, they never got to see that day.
At the same time.
The soldiers also hurriedly reported this new situation to Wangsa.
In the camp.
When Wangsa received this news, his expression was like ’are you kidding me’.
A look of bewilderment.
Start a Bank?
How creative can your minds get?
Is that something your small local force could do?
Do you have any intelligence?
Clearly.
The other side does.
Just, he’s unaware of where Ling got the courage to issue a new currency. Could it be that Ling is sent by the Burmese government? Holding the Asia Dollar in his hand, Wangsa was starting to believe it.
He immediately dialed his father’s number.
"Son, what’s the matter, calling so early?" His father’s dissatisfied voice came through the phone. At this time, his father was usually dealing with public affairs and was very busy, but due to the urgency of the matter, he had to make a call right away. Otherwise, if his father knew about it elsewhere first, he’d be in big trouble.
"Father, there’s an emergency. They’ve set up a bank and started issuing new currency." Wangsa briefly explained.
On the other side the news shocked him, causing him to stand up and exclaim, "What? They’ve issued a new currency? Are you sure?"
"Yes, father, rest assured, I have their issued currency in my hands, it’s very exquisite, very beautiful, and the anti-counterfeiting technology is even higher than Thai Baht’s. Moreover, it is said that it was established only yesterday morning, and it was massively, forcibly issued in the afternoon. They have also confiscated a lot of foreign currencies in their territory and even issued bank cards to their people." Wangsa’s tone was filled with incredulity.
In one day.
This level of execution is too terrifying, right? And there wasn’t even any opposition.
After listening, Wangsa’s father fell silent.
What Wangsa was thinking about was the speed of execution, but his father was thinking about the other side’s ambition. If this was any other force, they would be prepared to hit and run, or ready to escape at any time. But this new group of people isn’t. They are investing heavily in infrastructure, rectifying public security, boosting the economy, and establishing laws.
If previously he thought those on the other side were only a bit ambitious, now it’s clear that they’ve already bared their fangs. If it wasn’t for the Burmese government pushing behind the scenes, the situation on the Burmese side will become more interesting.
Thinking about this.
Wangsa’s father couldn’t help but chuckle.
As neighboring countries, it’s impossible to not have friction. Not just friction, but there’s also latent hostility, they are not only economic competitors, but there are also no real friendships, that is just for show of the world.
In standing with the principle of "you’re weaker, so I’m stronger. You’re unlucky, so I’m happy," Wangsa’s father finds the situation more and more amusing.
If Burma isn’t the one pushing behind this, he can imagine the confused expressions of the Burmese politicians when they hear about this. Just thinking about it makes him want to laugh.
After pondering it over, Wangsa’s father can’t completely confirm who’s behind this event, so he replied, "Son, you should go to their territory later and meet with Leader Ling, try to find out their background, and ask about their plans. They have issued currency so quickly, according to economic principles, they must have an ulterior motive. This pond is too small for them to mess around in."
Being a sly old fox, he saw through the essence of the event at a glance, that money isn’t that easy to issue.
"Yes, father, I’ll contact Leader Ling right away." Wangsa hurriedly agreed. Having an elder at home is like having a gem, Wangsa’s belief in this has never changed, he was happy to think that he didn’t have to rack his brain about complicated things.
After hanging up.
Wangsa quickly went to the ’Registration Center’ to request a communication channel with Ling.
In fact, even if Wangsa didn’t come, Ling would’ve contacted Wangsa these days anyway. Because with the restriction of circulation of other currencies in the territory, import and export trade is naturally affected, most intuitively it’s the trade settlement. If every time merchants from the territory have to go to the border to exchange foreign currency, it would be very troublesome, so it’s necessary to communicate a new settlement method with Wangsa.
Apart from this, there are many other things that need to be renegotiated.
After getting permission to enter the territory.
Wangsa took a vehicle from the Registration Center to Xin’an Town.
Without seeing him for more than half a month.
He found that there wasn’t much change on the roads within the territory, only there were more cars coming and going, and even trees were planted on both sides of the roads.
The speed of the vehicle was very fast, it wasn’t long before they arrived at Xin’an Town. It was still full of construction sites as before, but many buildings had been built and decorated. Some parts of the commercial streets had even started to accept vendors. Seeing how the trading currency on the street had basically changed to Asia Dollar, he was more surprised. What exactly made it that everyone in the territory so quickly accepted this new currency?
Previously, he just thought that the leader here had some foresight, but now it seems he was wrong, and heavily so.
This is far beyond just foresight, it’s practically clairvoyant.
With an intriguing mood, Wangsa walked into the familiar building.
What he didn’t know was.
What awaited him was a big surprise, and of course, a scare.
PS: Recommending a friend’s book "Destiny, Immortality", where a storyteller sighs at old events like tides and a listener’s sorrows and joys are no more than a pot of fresh tea, as experienced by a person who lived for two thousand years. After reading the introduction, you will definitely want to read on.
Also.
Another Chapter will be released later today.
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