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Chapter 33 Financial Turmoil

"What should we do now?" Varioch was worried about the bank's problems in the past few days.

As a banker with a good reputation in Bachava, Varioch also attaches great importance to his reputation. After all, without a good reputation, no one will come to Varioch's bank to deposit money and pay for goods. For someone who is determined to do this?

It can be said that the small bank left to him by his father has grown and developed, which can be said to be Variocci's wish. In recent days, Variocci, a bank with an impressive name (Development Bank of Romania), has been in a lot of trouble.

The name that gave him trouble was the State Bank of Russia. It turned out that Varioch's small bank made profits by taking low-interest payments from the State Bank of Russia and giving them to local people in need of funds, making a profit from the price difference. This profit accounted for Romania's

Development Bank 60%. This is not because the National Bank of Russia wants to be a philanthropist. The main reason is that foreign banks need the help of local people to better expand their business. Now most small banks in Romania survive like this. Who calls them

Those with weak capital can only develop by relying on the local area.

After the recent introduction of the financial bill, foreign banks and the government have become more antagonistic, and small banks like Varioch are even more afraid to take sides. One is a food and clothing parent, and the other is a state agency. Either one can kill them.

The fate of small banks. Now it is obvious that the time has come to force them to take sides. The Development Bank of Romania is the brainchild of Variocchi.

Now Variocchi has no choice. Who said that his capital is too weak to resist? I believe there will be other actions to force him in the future. This is what Variocchi has long expected, but he will never do it until the last moment.

Surrendering, this is not because of Varioch's national pride, but because he cannot afford to lose.

Most of the small banks across the country felt the pressure to take sides. Some gave in immediately, while others were stubborn to the end. However, most of them made the same choice as Varioch, and the reasons were similar.

In the palace, Carroll and his son were also listening to the report of the spy leader Milok, "Now the four major foreign banks are forcing small domestic banks to take sides. Gyurgiu City Bank, Iasi Farmers Bank, etc. have all turned to them, but domestic

Most small banks are still hesitant, and if it continues for a while, they may not be able to withstand it."

Milok paused for a moment when he said this, "There have been a lot of people staring at the palace and the Prime Minister's Office recently, probably their heads and tails." After saying this, the old king waved to the spy leader, and Milok left quietly.

go out.

After seeing Milok leaving, Carol I vented his anger. "Who do they think they are? Are they the God of Romania? We need to beg them for forgiveness." Edel persuaded after seeing his father's vent. "Father, don't

Enraged by this group of vampires, I guarantee they will feel the power of Romania."

King Carol looked at his son. He was very satisfied with his crown prince. Both his methods and strategies were good, but sometimes he was a little soft-hearted. This can be tempered. After a few years of training, he will become better.

Able to shoulder the heavy responsibility of being a king.

Edel still didn't know that his father's thoughts were changing so quickly, and continued: "The loan from the United States is coming, I believe we will catch them off guard." Carol said slowly after listening to the crown prince's persuasion.

"Edel, my son, I know that you are good at everything you do. This matter is mainly left to you now. You will give me a good result, right?"

"Yes, father, I will not let them succeed, and I will give you a satisfactory result." Edel assured his father. Then King Carol called the Prime Minister and continued to discuss the details of the action plan with the Crown Prince. After all,

The matter is so important that no one dares to relax at all.

On the third night, a heavily guarded train arrived at Bucharest Railway Station, and the platform was full of guardsmen. The steward Adri and the crown prince's chief of bodyguards Kallust were waiting for the train on the platform.

After the train arrived at the station, an American got off first. He walked up to the two royal aides and said, "I have met your Excellencies. I am Blockley, the executive of Morgan Bank in Europe." Director Airdrie stepped forward first.

"Hello Mr. Blockley, I'm glad you can come to Romania. I believe you will have an unforgettable memory here."

"Your Excellencies, let's get started."

, Calust waved to the guard behind him, and a group of people entered the carriage to count. After all, the money was of great importance, and no one dared to take it lightly. Blockley said after entering with Adri and Calust.

"It's all in pounds sterling as you requested." The three people watched a large group of guards counting the pounds sterling in a carriage. It was almost dawn before the counting was completed.

A guard in charge of calculations walked up to the three of them. "There is no problem, the quantities are consistent." Calust, who had received the report, ordered, "Load the truck and transport it to the vault." He turned to the two of them and said, "I'm sorry.

Excuse me, I'm going to arrange transportation." The two people who were feeling a little sleepy nodded. After the captain of the guard left, Blockley yawned, "I also need to take a rest. This train has exhausted me."

We arranged a room for Mr. Blockley to have a good rest." Director Edley showed an expression that every man would understand.

Blockley went to enjoy his 'rest', but Controller Edley was not so lucky. He returned to the palace and saw the king and his son who had just gotten up to have breakfast. "Your Majesty's things have arrived, no problem." "You can call Stuer.

Prime Minister, please come." Carol replied and continued eating breakfast. Edel saw that his father was still eating, so he could only continue eating.

After breakfast, the Kingdom and the Crown Prince quickly waited for the Prime Minister in the room. After a discussion, Prime Minister Stewart returned to the government to issue an announcement.

After careful consideration by the government, the financial bill is reasonable and feasible, and every bank needs to abide by it. Within one month, each bank is required to deliver the margin to the Reserve Bank of Romania. Banks that have not fully delivered the margin will be suspended from Romania.

Banking operations cannot be resumed until the deposit is paid.

The Reserve Bank of Romania was jointly created by the royal family and the government. The royal family invested 6 million pounds for 60% of the shares, and the government provided 400 pounds for 40% of the shares. Its main functions are 1. to formulate and implement relevant monetary policies; 2. to implement banking institutions

Supervise and protect the legitimate credit rights of consumers; 3. Maintain the stability of the financial system; 4. Provide reliable financial services to the government, the public, financial institutions, foreign institutions, etc. 5. Issue currency lei.


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