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Chapter 481: Chapter 391 Reserve Currency (Please Subscribe!)_2
Actually, it’s not that they want to take over anything, the interest is not yet there on Yangon’s side, but they do have a strong desire for gaining allies and watching the fight from the sidelines. Hence, the final plan to acquire Myanmar Bank was initially intended as an excuse to provide funds for Leader Ling, to allow them to buy weapons for their self-defense.
Ge Dan was unaware of Tang Qing’s future planning for the Myanmar Bank Group, after all, the Asia Dollar had only been around for two days, and the news hadn’t had time to reach Yangon, otherwise they wouldn’t be thinking this way.
Purchase the entire Myanmar Bank Group?
Tang Qing wanted to say: Can you afford it?
The answer was negative.
It won’t be long before the issuance of Asia Dollar by Myanmar Bank will exceed tens of billions, even hundreds of billions or more. Dammit, if you buy it, how can I cash-convert those underground properties?
Ge Dan thought his final conditions were very favorable.
After he finished speaking, Ling immediately said seriously, "Mr. Ge Dan, I regret to inform that I cannot agree to some of the terms. We will absolutely not sell Myanmar Bank nor will we give up any stocks, and issuance of Asia Dollar will not stop."
Seeing Ling’s change in attitude, the atmosphere suddenly became tense.
"Uh... that... that’s fine too, I was just asking." Ge Dan stuttered. He didn’t expect his proposal, which he had assumed would be uncontroversial, to be rejected. But it’s no big deal, Myanmar Bank was not the focus, the really important thing was whether ’Ling’ would favour him.
"That’s good, Mr. Ge Dan. There’s no need for you to worry about weapons, we’ll figure it out. As for the name of the port, well, it doesn’t really matter whether we have it or not, but we can accept the offer. I can ally with you. Sometimes we might help you fight against other influences, but we have a few conditions," said Ling.
Upon hearing these words, seeing that the negotiation had taken a significant step forward, Ge Dan joyfully said: "Leader Ling, please reveal your conditions."
Looking at Ge Dan, Ling slowly said:
"First, you must not interfere in our management and other economic activities.
Second, you must find a way to ensure the safety of our conventionally imported goods so that it won’t be abruptly stopped by Thailand.
Third, acknowledge the purchasing power of the Asia Dollar, letting it have the right to circulate within other parts of Myanmar, and that’s all."
The first two terms were fine, basically no problem, but the third one shocked Ge Dan.
They want the Asia Dollar to circulate in Myanmar?
Are you feverish, talking nonsense like that? Even if he is killed, the people in Yangon will never allow it to happen. No one dares to agree to this demand, it’s equivalent to selling out.
Ge Dan immediately exclaimed: "Leader Ling, this is impossible, a country cannot have two sovereign currencies."
Ling frowned said, "Mr. Ge Dan, you make it difficult for me, as you all know, the circulation of Asia Dollar is small, once it reaches the cap, it will likely cause our economy to collapse." Anyway, lying costs nothing.
"But... that doesn’t mean you can circulate Asia Dollar within Myanmar. This is bottom line, Yangon will never agree to it," Ge Dan wryly said. Agreeing to this condition will make anyone a criminal, even the president would have to step down.
Ling pretended to think for a moment and said, "Mr. Ge Dan, then how about this, let Asia Dollar serve as part of your foreign exchange reserves?" This is the art of negotiating, first propose an impossible condition, then propose the real condition.
Ge Dan was surprised. "Foreign exchange reserve? Are you joking? Although the distance here and Myanmar is not far, normal commercial trade cannot develop, so what’s the point of this foreign exchange reserve?"
"Mr. Ge Dan, we only need to give Asia Dollar a name, since you don’t agree that Asia Dollar can circulate within Myanmar, and I can’t buy your goods, you have to at least acknowledge our status," Ling said.
"This... " Ge Dan hesitated, he could indeed get approval for this. He thought that Ling was preparing to enhance the regional influence of the Asia Dollar by relying on Myanmar’s recognition, or use this to trade with Thailand. He never imagined that the purpose of this was to ’cash-convert’ the Asia Dollar.
Ling immediately said, "Mr. Ge Dan, those are my three conditions. As long as they are all met, we will deliver a gift."
"Gift?" Ge Dan questioned.
"You don’t need to worry about that, we guarantee that you will be satisfied. You won’t lose a penny, and we may not necessarily buy anything from you," Ling said.
Ge Dan is not a careless person. Besides, he has no decision-making power on this, what can he do if he decides to avoid taking responsibility. So he said, "OK, Leader Ling, I will immediately report back to our domestic office."
"Please..."
Then the two went up to the roof terrace and reported the matter to Kan Qin and others through the satellite phone. Those in Yangon were still working, waiting for news from them. 𝑛𝑜𝑣𝑝𝑢𝘣.𝘤𝑜𝘮
Upon learning Ling’s conditions,
Even the big shots of Myanmar were puzzled.
"What do you all think?" the president asked.
Kan Qin was the first to speak: "Mr. President, the first two issues are not big problems, but the key one is the third, acknowledging the Asia Dollar as one of our country’s foreign exchange reserves, that’s no trivial matter, the exchange rate of Asia Dollar is not even determined yet."
Another vice president chuckled and said, "Ha-ha, exchange rate? Do you think they will come to us to buy things? On the contrary, I think it’s feasible, and in doing so, it’s basically equivalent to their public recognition of having a relationship with us, which can attract attention."
"What if they’re besieged?" Kan Qin frowned.
"Do you think they’re vegetarians? We’re increasing troops on this side, the other side doesn’t dare to make a chaos under uncertain circumstances. There are also only two small forces around him, and for a short time, it’s safe there."
"I also think this plan is okay, anyway, if they have unreasonable procurement requests in the future, we just ignore them. Give them the title of reserve currency. What do you think?" The president spoke up. If Asia Dollar circulates in Myanmar, he wouldn’t be president anymore. But giving it the title of reserve currency doesn’t mean I really need to store your money, why not? Muddying the water, it will be easier for them to fish.
With the president’s stand, what else can be said below? It’s just an insignificant title.
"That’s right, I also agree."
"I agree."
"I agree."
"..."
So, the proposal for the ’Asia Dollar’ to become one of Myanmar’s national reserve currencies was unanimously approved.
PS: The third Chapter.
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