Rebirth: Super Banking System - Chapter 2562 - 2400: First-rate
Ten years or so.
It hasn’t left the currency system of the Eurozone countries without a trace. In fact, the currencies were merely sealed away, and now, all that’s needed is to pull out the equipment.
Maintenance.
Preparation of materials.
Powering up.
Printing money.
Currency exchange.
…
As for the exchange rates?
Naturally, they would be set in a way that benefits themselves.
Of course.
Setting them randomly is impossible; they need to comprehensively consider each country’s commodity prices, benefits, wage levels, and the future outlook of foreign trade.
In short.
After complex calculations, they can arrive at a baseline exchange rate. What they need to do is add about ten percentage points to this foundation.
Commonly known as: seigniorage.
Hmm!
This right.
They had lost for about ten years. After the circulation of the Euro, Eurozone countries could no longer print money. If they wanted money, they could only earn or borrow it.
Now.
Re-establishing control over currency.
That feeling.
Quite nice!
However.
Returning to an era of effortless borrowing is impossible; printing money comes with the risk of currency volatility. On balance, the Euro model was better.
Unfortunately.
They can’t go back; they ended it themselves.
…
Just one week.
May eighteenth.
France.
The Franc re-entered the market because they exited the group early, prepared thoroughly, and the massive amount of Francs recovered back then weren’t completely destroyed.
Instead, they were largely sealed away.
Therefore.
After determining the exchange rate, major banks in France began currency exchanges. At first, only French citizens could take their Euros to the bank for exchange.
After all.
Currently, there aren’t many banknotes, and printing is still ongoing.
“The familiar taste.”
“It’s back.”
“It still feels like the Franc is reliable.”
“Kids, this thing is money from now on; the previous one can’t be spent.”
“…”
Looking at the familiar banknotes in their hands, people felt reassured. The Franc had been gone for just ten years; people hadn’t forgotten, and many families still kept collections.
Back then.
When exchanging for the Euro, there was a policy that Franc banknotes could be exchanged for Euros at the Banque de France within ten years, and now it’s just past the deadline.
In less than three months.
In short.
The Franc.
Had always left traces in their lives. Now abandoning the Euro caused no discomfort, instead, it felt very close.
Paper money exchange.
Is relatively troublesome.
Changing funds in bank accounts was much simpler. It’s merely converting deposits from Euros to Francs according to the exchange rate. With computer operation, it’s done with one click.
Three days.
In just three days, electronic currency exchange was completed.
…
Other Eurozone countries were also not to be outdone; after determining the exchange rate, they directly restarted their former currencies, turned on the printing presses, and began printing furiously.
Old currencies that hadn’t been destroyed were reintroduced into the market.
Everything.
Was proceeding in an orderly fashion.
And the recovered Euros were sent back to the European Central Bank. Watching the cars full of Euros being sent back, the people at the European Central Bank wore bemused smiles.
In the past.
This was money, a stack could buy a car.
Now.
It’s turned into paper.
Although they won’t be destroyed, rather sealed away, they know it’s very hard for them to see the light of day again. A shattered mirror is not easily pieced back together.
…
The local exchanges were singular, while exchanges of various foreign reserves were different, because the sources of funds were complex and impossible to trace.
Therefore.
Comprehensive exchange.
Proportionately.
Out of one hundred Euros, more than eighteen are exchanged into German Marks, more than fifteen into Francs, and except Greece, none can escape.
A total of ten currencies.
Frankly.
Troublesome.
But there’s no way around it; if they were to exchange into a single currency randomly, it would involve interest issues. When everyone shares the burden, no one can say anything.
A complex currency area.
Clearly.
It lacks the competitiveness of a single currency area, where exchanging back and forth is really too troublesome, causing the entire Eurozone’s currency competitiveness to drop significantly.
Dollar.
Asia Dollar.
British Pound.
Absorb the remnants of the Eurozone, and heat up once again.
…
Huaxia.
Beijing.
Watching the situation of the Euro, which started to collapse at the beginning of the year, Chai Ren was consuming one melon after another; even the domestic think tank hadn’t anticipated it.
In the end.
The Euro disintegrated.
Truly.
What he saw was all confusing; even the United States agreed to save the situation, yet it ended up like this, really unexpected. He felt it was unbelievably bizarre.
Recently.
Numerous experts and scholars have jumped out.
Analyzing.
Proving.
Trying to whitewash.
Is it useful?
Nonsense.
Using purely economic principles to forcibly explain the collapse of the Euro can only fool outsiders. If those theories were useful for such international trends.
The world would be peaceful.
Unfortunately.
Even with his connections, he couldn’t find out much; he only knew that within the Eurozone countries, there’s a tearing force, whether it’s spontaneous.
Or orchestrated by consortiums.
Unknown.
Perhaps.
The true reason will remain buried in history for a long time.
…
Time.
Came to early June.
United States.
A report from an authoritative institution revealed that the Asia Dollar has fully become the world’s second international trade currency, occupying nineteen percent.
At this moment.
The dollar is at forty-six percent, a new historical high.
Some are curious.
The Euro is gone; why hasn’t the Asia Dollar’s share surged? The reason is simple: with the Euro gone, the original currencies of Eurozone countries replaced it.
Indeed.
The confidence is unstable now.
But.
Those countries are still developed countries with a ’basic confidence score’ and ’basic share’; it’s not something that can be surpassed and swallowed whole.
The current situation.
Is the best possible.
As for the third-place British Pound, due to the impact of Brexit, the decreased share has also risen a bit but is still just over five percent.
Only one-third of the Asia Dollar.
At this moment.
The United Kingdom is somewhat gloomy. They thought that they could recover after the Asia Dollar surpassed them, but unexpectedly, the Asia Dollar has run far ahead.
Now the British Pound can only stand on tiptoes to even glimpse the Asia Dollar.
Gloomy!
Such a big gap; even without the Euro, the British Pound can only remain third. Without a miracle, its ranking might solidify, feeling quite speechless.
It used to be third.
And will continue to be.
Annoyed!
…
June.
For Huaxia, it’s quite special, as the annual National College Entrance Examination is about to begin. And this year, Yantang University has joined the ranks of first-rate institutions.
In response.
Many people lament that unfortunately, they can’t get in. But on reflection, even if Yantang University were third-rate, getting in would require at least a first-rate score.
There’s virtually no difference.
Additionally.
For Yantang University’s first batch of graduates, it’s naturally good news, as the degree they receive is from a first-rate institution, carrying different significance.
At this moment.
Yantang’s fourth year, their graduation thesis has been defended.
Vacation?
No.
Traveling.
If they wish, Yantang University will cover the cost to organize travel for them; even if they have signed to work with a company, it’s almost always in July when they start.
Therefore.
They have a month to roam around.
