Before leaving the temporary hospital, the internal guard guarding the door reminded:
"The test report in your hand can be used in Hongsawady, but it is only valid for one year. When it expires, remember to go to Qingye Hospital for another test. The test fee is 100 gold yuan."
"100 gold yuan? New coins have been issued?" Fang Xinwu asked curiously.
The guard nodded: "Each bank in Mandalay can already exchange money, but you can only go to Qingye Bank to exchange gold."
"Thanks."
Fang Xinwu quickly took his two younger brothers to the parking lot to pick up his off-road vehicle.
When I came to a bank in Mandalay City, I found a lot of people queuing up. Fang Xinwu also had a bank account and deposits in Hongsawady.
Now that Hongsawady uses gold dollars uniformly, and the gold dollars are linked to gold, he naturally wants to replace the kyats in his hands with gold dollars.
"Hey, isn't this Brother Fang? Are you coming over to exchange for new coins?"
A voice sounded from behind, and Fang Xinwu turned around and found that it was Zhang Dasong whom he had met at Lao Ma's Sichuan Food Restaurant.
He smiled and replied: "New coins can be exchanged for gold, and I don't want to miss it."
Zhang Dasong shook his head: "You can indeed exchange for gold. You need to go to Qingye Bank to make an appointment in advance, and only accept exchanges between 100 grams and 10,000 grams at a time. For more than 10,000 grams, you need to report to the Hongsawady Monetary Authority.
After applying, each person can only exchange up to 120,000 grams of gold per year."
"So that's the case. It seems to be to limit the large-scale outflow of gold."
Zhang Dasong reminded: "Not only that, the gold dollar does not accept currency swaps. Hongsawady's international trade only uses gold dollars, but I heard that companies can take the green channel and obtain special large-amount exchanges."
"Are there any restrictions on the export of gold?" Fang Xinwu asked.
Zhang Dasong shook his head: "Is that so? Qingye Bank has minted a large number of 100-gram gold coins and stacked them in banks in various port cities. If you want to take gold out of the country, they are even willing to send security guards to escort you to the border. I
A friend returned home yesterday with 10 kilograms of gold."
"It seems they have a lot of gold reserves!"
"At least about a hundred tons." Zhang Dasong said with a smile.
After converting all the kyats in his account and body into gold dollars, Fang Xinwu's account had a total of 830,000 gold dollars.
He did not go to exchange gold immediately. After all, Zhang Dasong had just said that exchange required application and reservation, and the port bank could also exchange it. It was not inconvenient or unsafe to carry a lot of gold with him.
The younger brother Maung He was holding a hundred-dollar bill in his hand and looking at it, as well as a large stack of small-denomination bills such as fifty-dollar, twenty-dollar, and ten-dollar bills.
Gold dollars are currently available in eight denominations: one dime, five cents, one yuan, five yuan, ten yuan, twenty yuan, fifty yuan, and one hundred yuan.
Fang Xinwu also looked at the hundred-dollar bill in his hand. This bill had a texture similar to plastic. On the front was a star map of the solar system and the number 100, and on the back was a complex double helix gene pattern.
Other banknotes also have Jupiter, Saturn, Mars, Venus, Mercury, Earth, and the Moon on the front, but on the back there is a unified double helix gene sequence diagram, but the colors are different.
Fang Xinwu found that many locals who changed to new coins were not in a hurry to exchange for gold.
The reason for this situation is that Hongsawady has announced that it is strictly prohibited to use other foreign currencies and old-fashioned kyats within the territory.
Large groups including Qingye Group, Hongsawady Development Group, and Hongsawady Mining Group have required their industries to prohibit the acceptance of foreign currencies and old-fashioned kyats.
In other words, it will be very difficult to hold foreign currencies against gold dollars.
In fact, it was a last resort for the Hongsawady branch to use the limited gold standard. On the one hand, Hongsawady's currency did not have enough international purchasing power, and it did not have enough industry and mineral support to obtain enough foreign exchange.
As for the money seized, it will only be enough for the next two to three years.
Moreover, if you use a US knife to trade, the consequence is that you will be taken advantage of by America, and you have to be careful of being harvested by the other party. What's more, the relationship between America and Hongsawati is very bad now. They were forced to move their capitals before. Using the other party
currency and the international monetary settlement system, the risks are simply too great.
Therefore, the Hongshawadi branch simply took the initiative and directly promoted the limited gold standard. Anyway, it could obtain dozens of tons of gold every year, which was enough to maintain the strength of the gold dollar in a short period of time.
In fact, countries now know that Hongsawady is pursuing the gold standard.
Even America doesn't care about this. With the one or two hundred tons of gold reserves in Hongsawady, the best it can do is to enclose the land for itself.
But the countries and companies that refuse to trade with Honsawady do not, because no one is willing to refuse this kind of hard currency. After all, gold is better than a beautiful knife running a nuclear-powered money printing machine.
As long as Hongsawady does not prohibit the exchange of gold dollars for gold, even if there are exchange restrictions, many companies and countries are still willing to accept it.
Especially in China, Dongfeng Group and Hongsawady Mining Group signed a contract for 20,000 trucks, a truck production line, and a tractor production line, with a total contract value of 8.6 billion gold yuan.
In response, Aoba Bank stated that it could open a special green channel for Dongfeng Group and dispatch a special plane to transport the gold to a designated airport in China.
Obviously the allure of gold is very powerful.
As for foreign purchases of materials and products from Hongsawady, they only accept gold dollars or direct exchange of goods. Hongsawady said that I have no interest in the credit currencies of various countries.
Faced with this situation, China was also somewhat helpless.
They actually want to pull the gold back directly, but once they pull the gold back, they may face insufficient gold dollars in future transactions with companies in Hongsawady and need to barter.
Under forced circumstances, the 2.5 billion gold yuan paid in advance for Dongfeng Group's transaction was taken over by Bank of China, and a special gold dollar settlement office was set up to manage gold dollars from Hongsawady.
Fortunately, the gold dollar is linked to gold, which also makes its exchange rate very easy to calculate. It can be directly converted into the currencies of various countries according to the international gold price.
In other words, the indirect exchange rate of the gold dollar to the Chinese dollar at this time is probably around 500:346.
The indirect exchange rate of gold dollar to US dollar is about 500:50.
Qingye Bank issued a total of 50 billion gold dollars, which is equivalent to 100 tons of gold, for initial replacement of kyats and foreign trade.
But in fact, Aoba Bank still has more than 170 tons of gold reserves that have not been used.
"5 billion, this is a relatively safe number."
Xu Xuexi was also an activist and nodded immediately: "I will immediately arrange for people to study counterfeiting."
Thank you for your support (ω｀), and thank you to book friends "Instant Moment" and "book friend 20201104232754711" for their rewards.