After hearing this, Lin Mo suddenly realized. What he wanted to say was that the Japanese yen on the market were so inexhaustible. They were all from the same old actors! No wonder he couldn't find these yen after a long search.
Where did it come from?
Because it is only provided to those who buy warehouse orders and make deposits, and they will be recovered later, which means that most of the money is circulating in the market instead of being lost. Who is he if he is not an old actor?
As for why it is difficult to check, it is because borrowers do not think too much about where the money comes from. They just think it is funds raised normally. You can’t find out the reason even if you ask and ask! Because people don’t realize it at all.
If there is a problem, how can I tell you?
One more thing to mention here is that in Shanghai during the Republic of China, speculation was prevalent due to speculation. Providing leveraged funds, bill lending and other services for these activities was a very large and prosperous business. It can even be said that it was very
It is very common to be mature, so these speculators will not have much doubts about it because it is already a common thing.
Another one is that he waited a few days to exchange the Japanese yen back. This method is not ingenious. After this time, does the other party just accept it and leave the market with a profit? Or is it impatient?
If you want to enter the market again, the transaction is just a simple change of hands?
These few days are basically enough to tell the difference. The former can find the past to exchange the yen back, and the other party has left the market. Naturally, there is not much relevant news on the market. If these are not found, even if there is a little news, it will only be
It will be considered as normal currency exchange business.
As for the latter, money is basically still circulating in the market anyway, so there is no need to be too impatient. Just keep an eye on the next wave of sellers. If you see those who want to leave the market, just go and collect the yen. These inferences, Lin Mo will follow the clues later
After checking it out, it was basically confirmed.
However, this is definitely not just a normal business conducted by big money dealers. There must be someone behind the scenes. The so-called profit margin is most likely to distribute profits to the big money dealers, concealing the true purpose behind it.
After all, it is true that the Chinese people are not very willing to accept the Japanese yen, but these colonial currencies, at least in Shanghai, are not very receptive, so the exchange will at least be of equal value and even some profit must be paid to the other party. Only in this way can
It can revitalize this business and make it work.
Among them, the Hong Kong dollar has the largest exchange volume. The banknotes have been issued by three Hong Kong banks, HSBC, Standard Chartered and Yili, since the 1860s. The Hong Kong dollar has relatively high acceptance and circulation in the country, even accounting for half of its issuance and circulation.
They are all in mainland China, but mostly in Guangdong.
Shanghai doesn't have much rejection of the Hong Kong dollar. After all, compared to the various and chaotic currencies in the country, its currency value is much more stable. However, it has little influence here and cannot be used directly for consumption.
But money dealers and banks will definitely accept the money, and it is not a problem to use it for large transactions.
As for the Lat currency, it was a currency issued by the British colonial government in Malaysia, Singapore and Brunei during the British colonial period. It was used from 1826 to 1939. Local traders called it the Lat currency.
Because there are many Chinese and overseas Chinese there, and there are also many Nanyang Chinese and foreign businessmen who have economic and trade contacts with Shanghai, the foreign exchange market and banks here also recognize them. However, Fujian and Guangdong and Guangxi recognize it more, and most of the locals
Some Chinese people go overseas to make a living in these places, and they bring back a lot of remittances, but the treatment in these places is similar to that of Hong Kong dollars in Shanghai.
The French Indochina dollar is a French Indochina currency that was minted in 1885 in order to develop colonial trade and gather money after France established the Indochina Federation. It has a lot of circulation in the country, and the most familiar one to the Chinese people is
The one-dollar silver coin was sold overseas, but this time it was exchanged for French Indochinese dollar banknotes.
French Indochinese dollar banknotes are treated similarly to Lat coins in China, but their recognition as banknotes in Shanghai is far less than that of Lat coins. However, Guangdong and Guangxi have higher recognition due to their proximity. In Yunnan, due to the existence of the Yunnan-Vietnam Railway, the influence
The power is not small, but the topography of Yunnan is high mountains and deep valleys, and transportation in various places is extremely inconvenient. Therefore, hard currency such as foreign currency has a slightly wider impact, while paper money can only affect a small part of the area.
As for the Myanmar rupee and the Indian rupee, they were colonial currencies issued and circulated in Myanmar and India by the British colonial government. Because they were issued by the same bank, they were both called rupees, but they were two currencies.
As for the level of acceptance, yes, I accept it! I can only say that China under the various governments during the Republic of China was indeed a bit unbearable to look at. Even compared with the silver dollar, these colonial currencies can be accepted, let alone
Speaking of banknotes issued by successive governments, most of them became waste paper after only a few years. From this aspect alone, there is no need to compare them.
For these two kinds of rupees, the resources and even industrial output produced in their respective locations are not weak, and the influence of the British in China is also not low. The economic and trade exchanges mainly carried out by British businessmen are also frequent, so in bulk trade
It is also accepted for accounting transactions.
Needless to say, India during this period was known as the brightest jewel in the British crown. Nowadays, when you watch videos on the Internet, you can often see antique machines that look very old in rural India.
It was really used in the Republic of China.
As for Myanmar, people are not what they are today in the 21st century. At this time, they are known as the richest country in Asia. Its total nominal GDP is higher than that of China, but its population is only less than a thousand.
Twenty million, although it is a nominal GDP, can’t stand up to the small population! The nominal GDP per capita is more than nine times higher than that of Japan, and it is actually richer than China, so many people are willing to accept its currency.
Hearing this, you should be able to guess who is behind the scenes, right? Otherwise, we can say that we are an old capitalist power, a master of various tricks such as offshore balancing, and have turned the European continent into a mess.
Or the old gentleman with uncooked rice?
This chapter is not over yet, please click on the next page to continue reading! This person is pushed to the front to take the blame, but he quietly hides behind to pick peaches. It is simply not too yin and too old, and at present, the Japanese seem to be still
I didn’t realize it at all, and I was even complacent and complacent about the Japanese yen’s rampant circulation in Shanghai!
There should be two purposes for the British to do this. One should be that the incident of the previous banknote night and Japan's invasion of China caused the Chinese people to be more repulsive to the Japanese currency. Although the investment market uses it as a trading currency, but you
Most people are not willing to hold it for a long time.
So, using the Japanese yen as the starting point, they sneaked in and dispersed their related currencies, thereby expanding the influence, acceptance, and even communication coverage of these currencies in China.
Don't think that you might have to stick some on it if you exchange it. There will be no benefit in doing so. Not to mention the increased financial influence, etc., it will have huge benefits for business, trading, etc.
Foreign trade must be settled in foreign exchange. How much foreign exchange reserves does the government have? Can ordinary businessmen handle transactions in time? And compared to the British pound or the U.S. dollar, which is a hard currency that is used almost all over the world, which one would you rather have?
Out to make a deal?
You don’t have to think too much about bad coins driving out good coins! Therefore, once these inferior goods are spread out to a certain amount, they may quickly expand their influence significantly in the coverage area and among the people, and then attract more
The benefits of influx of currency are huge.
After all, this is paper currency. In the final analysis, it is just a piece of paper, especially colonial currency. This is a tool used by the colonial authorities to gather wealth. Some merchants in the sovereign country may not regard it as money, or they may not be able to exchange it.
If it becomes the currency or other resources of the suzerain country, then it cannot be counted as money. After all, they really dare to print this thing without restrictions. The purpose of controlling the stability of the currency value is just to keep the water flowing.
The circulation and use of these currencies is larger and wider, which means more people use them and the plates are larger. They can issue more currencies to collect more wealth from more people while controlling the stability of the currency value.
Can the benefits be small?
Moreover, colonial currencies are not widely recognized by banks and merchants of any country. So if you hold these currencies, your first priority when doing business is not to go to them first? Let’s not talk about how much you can earn, just by establishing a relationship with new customers.
Business relationships may become a money-printing machine in the future!
And although there is a high probability that the silver price will fall back, it will definitely be on an upward trend in the future. Although it may cause huge damage to the Chinese economy, it is also true that the exchange rate changes and the purchasing power of the silver dollar increases. At least for a period of time, China's imports
Trade volume should increase significantly.
At this time, due to the debate about good and bad coins, there is a high probability that many businessmen will use these coins to trade with them. Then won’t he reap the benefits of the rising silver price? It is really a secret warehouse and pick it.
The Americans pushed up the price of silver, and it bore fruit in China.
In addition, it is estimated that this big money dealer is not the only one who is doing this. There are probably arrangements for people who transport silver from all over the country to Shanghai. Not to mention other things, the money dealers are all over many provinces and places.
These people obviously have backgrounds and channels. Not only can they be used to spread the influence of these currencies now, but they can also be used to continue to influence in the future.
You must know that in addition to maintaining value and saving, foreign exchange is foreign trade. Needless to say, trade, as mentioned above, will give priority to payment in bad currency. And this time the price of silver has soared and plummeted, it is estimated that silver dollars are not very popular among some people. If it continues
Thinking more deeply, after this incident, there is a high probability that the national government will issue banknotes in response. And based on the poor performance of banknotes issued by various domestic governments, these colonial currencies may be used as savings options, and they will gather them and plunder them.
The wealth he walked away from was simply unimaginable.
This is no nonsense. This is how the Hong Kong dollar is treated in Guangdong. The local financial development in Guangdong during the Republic of China was like a chicken feather. The banknotes issued would expand and depreciate from time to time, and there would be runs and suspensions. Therefore, banks, banks, industrial and commercial enterprises, and even private individuals generally used
Hong Kong banknotes as a means of payment and storage.
For many years, it accounts for almost half of the total amount of Hong Kong dollars issued, and the benefits are worth hundreds of millions. Not to mention that once any turmoil occurs, the vast majority of wealthy people who hold large amounts of Hong Kong dollars will choose to flee to Hong Kong with a large amount of wealth to promote Hong Kong's prosperity.
