On the morning of September 25, the New Zealand Bureau of Statistics released various data such as New Zealand's GDP and economic aggregate in the first half of 2018, proposing that New Zealand's increasingly large domestic market is sufficient to support the issuance of its own currency.
In order to cope with fluctuations in the international exchange rate market, it is necessary for the new country to price its own products in its own currency.
As soon as this report came out, smart people immediately caught wind of it. This was the new government trying to build momentum for the issuance of its own currency!
Sure enough, shortly after the report was released, the Future People Group came out and expressed support for the initiative.
At the same time, Futureman Bank, together with many domestic banking companies in New Zealand, announced the establishment of the "New Zealand United Savings Bureau" and issued a currency called "Singapore Dollar". It plans to completely get rid of the domestic use of foreign exchange as currency by the end of 2019. situation.
The currencies issued are mainly in six denominations: 1, 5, 10, 20, 50, and 100 yuan.
The initial issuance totaled S$50 billion, guaranteed by precious metals and foreign exchange with a total value of US$54.1 billion. It was mainly put on the market in the form of loans, and at the same time opened channels for currency exchange to domestic citizens. In the future, another 50 billion Singapore dollars will be put into the market one after another to ensure that the total currency supply is 100 billion.
Considering that the currency has just been issued and the foreign exchange reserves of future banks are still sufficient, the new Federal Reserve has temporarily adopted a fixed exchange rate system, which stipulates that 1 Singapore dollar is exchanged for 1 U.S. dollar, and uses foreign exchange reserves to allow the Singapore dollar to float up and down around the current exchange rate.
After the currency stabilizes, the new Fed will gradually liberalize monetary policy and transition to a floating exchange rate system in which market supply and demand determine the value of the currency.
As the largest shareholder of the New Federal Reserve, the first president of the New Federal Reserve was David Smith, president of Futureman Bank, and the vice president was elected by votes from other domestic banks in New Zealand.
Financial matters are easy to say, but quite troublesome to do in practice. In line with the principle of specialization in the field, Jiang Chen handed over the specific matters of the new Federal Reserve to Mr. Smith. He believed that this former Citibank executive would definitely live up to his expectations.
The issuance of currency by a small country in the Pacific did not cause any big waves on an international scale.
However, compared with the lukewarm response of the international media, with the help of the media, there has been a wave of support for the national currency in Singapore from top to bottom. Driven by the Future People Group, many shopping mall shelves have been labeled with Singapore dollars, and customers who purchase goods in Singapore dollars are given a 10-20% discount.
Penglai City even added Singapore dollars to urban residents' personal electronic accounts and provided a "one-click exchange" button.
In order to reduce travel costs, many tourists also choose to exchange domestic currencies such as US dollars, soft currency, and rubles into Singapore dollars for consumption when entering the country. However, many foreigners are quite confused about things like the Singapore dollar.
"Singapore dollars? Guaranteed by coconuts?"
"Maybe it's made of rubber or shells or something. (Smiley face)"
"Why can't we just use U.S. dollars? A small country with a population of less than one million has to issue its own currency. Apart from making it more troublesome to pay the bill, I don't see any benefit."
"Perhaps it's because the chairman of Futureman Group wants to have his face printed on banknotes? In order to achieve this goal, it seems that he can't think of a better way."
Miscellaneous ridicule can occasionally be seen in the comment area of relevant news.
Although people don't care about the new Federal Reserve and the Singapore dollar, they are still very interested in the Future Man Group itself.
A self-made businessman can achieve this level. Not only has he controlled offshore countries and established a trust-style monopoly group, but he has also issued his own currency. This is quite impressive.
Countless capitalists and businessmen regard Jiang Chen as their goal, and countless aspiring young people regard him as a beacon that illuminates their life paths. Fortunately, Jiang Chen didn't know this. If he had known, he might have laughed out loud.
Damn, can my success be copied at will
If you want to copy it, get a jump bracelet first!
…
No need to work on Saturday.
At 8 o'clock in the morning, Natasha took a nap and walked out of the room, rubbing her sleepy eyes. She happened to run into Jiang Chen coming out of the bathroom.
"morning."
"Ha...ah, morning."
With that in mind, Natasha called back to Jiang Chen and walked around him towards the bathroom.
After washing up, I went to the dining room.
There were sandwiches and milk on the table, and Jiang Chen, who had already dressed, was enjoying breakfast.
The Freemasonry was tightly constrained by Russia's involvement in the Ukraine issue and had no action against Jiang Chen for the time being. This day was a rare moment of leisure. Although the two sides are still fighting in Madagascar, Africa is still far away from Asia after all.
Picking up a piece of sandwich, Natasha rested her arms lazily on the table, holding her side of her face with one hand, and looked at Jiang Chen suspiciously with her blue eyes.
"It's really strange. Why did you get up so early today?"
And wearing formal attire.
Who gets up early in the morning and puts on formal attire? And it’s still on the weekend
Hearing Natasha's question, Jiang Chen's lips curled up with pride. I saw him straightening his collar, twitching his eyebrows and saying with a smile.
"Ahem, the person standing in front of you now is Professor Jiang."
Natasha rolled her eyes unceremoniously and took a big bite of the sandwich. Her eyes suddenly lit up and she looked at the sandwich in her hand in disbelief.
This taste...is it really a sandwich
"how is the taste?"
Jiang Chen smiled, stuffed the last piece of sandwich into his mouth, then took a tissue and wiped his hands.
"Great!" Natasha praised without hesitation. She quickly finished the sandwich in her hand and licked the salad dressing on her fingers. "What is this made of?"
"Actually, it's nothing. The vegetables produced at the seabed planting base are combined with Aisha's craftsmanship."
While speaking, Jiang Chen subtly looked away.
Apparently she didn't notice how seductive and criminal this action was in the eyes of men.
Especially since she's still wearing pajamas...
At this time, the door of the dining room opened, and Ayesha appeared at the door.
Walking behind him, she gently placed her hands on Jiang Chen's shoulders and gave them a massaging squeeze. Like a docile little wife, Ayesha leaned in and whispered in his ear.
"The car is ready."
"Well. Come and have something to eat too."
"I ate it in the kitchen after my morning run."
If Jiang Chen hadn't bothered too late the night before, Ayesha would usually get up around 6:30, run along the beach for half an hour, then go to the bathroom to take a shower, and then prepare breakfast for Jiang Chen.
"What are your plans for today?" Natasha couldn't help but ask as she watched Jiang Chen prepare to go out.
"Didn't I say it? Please call me Professor Jiang today." Jiang Chen smiled, showing his white teeth.
"… speak English."
Seeing Natasha's disbelieving expression, Jiang Chen shrugged helplessly.
"Okay, the public elective courses at Coro Island University have started. As an honorary professor, I happen to have my elective courses today."
After listening to Jiang Chen's words, Natasha looked at him dumbfounded, and even the sandwich in her mouth fell back onto the plate.
"Professor? You? Pfft... haha... cough!"
"Smile!"
Jiang Chen glared fiercely at Natasha, who was slapping her chest vigorously and taking a swig of milk, her chest rising and falling.
Just kidding, I am also a successful person after all, okay
What's wrong with being a professor? I'm still the first president! There are so many students who want to take my class that I don’t know where they are!
"By the way, what are you going to give your students?"
With a serious face, Jiang Chen answered honestly.
"cosmology."
"Pfft... Ahem! Water! Ahem! I'm going to die!"
She had finished drinking the milk just now, and Natasha, who was choking, couldn't hold back her laughter and rushed into the kitchen like a wind.
Looking at the swinging door of the kitchen, Jiang Chen straightened the tie around his neck and complained harshly in his heart.
I can choke to death! (.)