Chapter 790
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Gaofu garden, a middle-class residential community in Xiangjiang, has a strong atmosphere of hoarding and preserving living materials. If you can't rush to buy food such as cans and dry goods, you can buy some household goods. Anyway, you should be careful and try not to be too far left by the depreciation of the Hong Kong dollar.
Among the people coming and going, Zhou Chengchang, Qin Sumei and Qin Zixin were not abrupt in moving things. They were accosted with envy at most.
After sitting at home, the three chatted casually. Qin Sumei was also very concerned about the public quarrel between Sir Gao and financial secretary Peng Lizhi. "Many people said that the Zhengfu has never taken measures for the sharp depreciation of the Hong Kong dollar, at least Financial Secretary Peng Lizhi is to blame. This Xiangjiang treasurer might as well ask Sir Gao to be."
Zhou Chengchang smiled. "The boss really doesn't like the position of the financial secretary. He cares about the stability of the Hong Kong dollar. This is the real big thing."
"Apart from knowing that money is becoming worthless and worthless, we ordinary people can't understand anything else." Qin Sumei sighed softly, "fortunately, we can still count on and believe in Sir Gao."
On this topic, Zhou Chengchang really has nothing to talk about with Qin Sumei. At most, he freshly tells his boss the voice of the grass-roots people represented by an endless stream of customers in Qin Sumei's tea restaurant as a reference.
After talking about the family of the villagers in the wooden house area, Zhou Chengchang got up to leave and went to Gao Xian to recover his life.
Qin Sumei casually asked her daughter, "Zhaodi, things have been sent back. There is still half a day. Don't you go back to the company?"
"It was a holiday in the afternoon. There was no interest in Hong Kong dollar business in the business department, and the amount of foreign currency business was exhausted. In addition to sorting out the data, there was really no work to do, just for me to have a complete rest." Qin Zixin answered while adjusting the TV channel, switching between BTV's Emerald station, pearl station, ATV's Hong Kong Station, international station, etc, Looking for an interesting program, I finally stopped on a replay of a talk show.
On TV, Huang Zhan, Ni Fang, Cai Lan and Zhang Xiangjiang's famous mouth talked about one Hong Kong dollar nearly 50 years ago, which is equivalent to at least four hundred Hong Kong dollars today. This highly entertaining topic not only made Qin Zixin laugh, but also attracted Qin Sumei. They temporarily forgot to go back to work in the store and sat next to their daughter, Follow it.
Huang Zhan recalled: "I'm also impressed that the official devaluation of the Hong Kong dollar I experienced occurred in 1967. The British pound depreciated by more than 14%. At that time, the Hong Kong dollar linked to the British pound also depreciated by more than 14%. It happened that the advertising company sent me to the United States on a business trip. When I wanted to buy some local souvenirs, take them back to Xiangjiang and give them to my relatives and friends, I found that there was not enough money. In order to To avoid the trouble of favoring one over the other, I simply didn't buy anything, but I saved a sum of expenses. "
Cai Lan cut, "you are a man. Be stingy. You always find decent excuses."
Ni frame also took down the platform, "why didn't I feel like you at that time?"
Huang Zhan smiled and scolded, "were you rich at that time?"
Cai Lan helped to say, "at that time, his remuneration was not necessarily less than that of an advertising company executive."
Huang Zhan fought back mercilessly: "but he spent all his money on bars and nightclubs in Xiangjiang. How can he directly experience the depreciation of the Hong Kong dollar without going overseas M?"
Ni Fang coughed and said, "was it at that time that Zhengfu transferred the exchange fund from the bank account in London to the local bank account in Xiangjiang?"
Huang Zhan didn't chase after him. He replied, "that's not true. It was only when the pound exchange rate floated freely in 1972 that the Hong Kong dollar was decoupled from the pound and became linked to the US dollar that the government took great pains to transfer the exchange fund from London to Xiangjiang."
"But this period is not long. In 1973, the US dollar depreciated by 10% against gold. In order to avoid the disadvantages of linkage devaluation when it was linked to the British pound, the Hong Kong dollar continued to maintain its original value with gold. In other words, the Hong Kong dollar appreciated relative to the US dollar. However, within a few months, the US dollar was decoupled from gold, and the Hong Kong dollar had to decouple from the US dollar The exchange rate is free to float. "
Cai Lan sighed, "it seems that the two backers of the pound and the dollar are not always reliable."
Ni Fang analyzed with difficulty: "the current violent turbulence of the Hong Kong dollar is due to the positive governance factors related to the north?"
"It's not all because the negotiations have reached an impasse." Huang Zhan made a ha ha. "The operation of the exchange fund itself in recent years is indeed debatable."
"During the period of sterling exchange standard system, Huifeng, Standard Chartered and Yili banknote issuing banks would deposit Sterling of corresponding value into the exchange fund when issuing new banknotes; when the exchange fund transferred back to Xiangjiang from London, the Hong Kong dollar began to be linked with the US dollar, and even the following period when the Hong Kong dollar exchange rate fluctuated freely, although the principle remained unchanged, the specific operation was that the government allowed the note issuing banks to issue new banknotes When issuing new banknotes, only the corresponding Hong Kong dollars are transferred to the exchange fund, and then the government uses these Hong Kong dollars to buy US dollars in the international foreign exchange market. "
"Obviously, when the value of the Hong Kong dollar is strong, the Zhengfu has the enthusiasm to buy US dollars, but when the value of the Hong Kong dollar is weak, the Zhengfu does not have to do so, which actually leads to the failure of Xiangjiang's monetary policy management. This is the source of the dispute between Sir Gao and the financial secretary."
"Perhaps it is a good solution to let the exchange fund operate independently of the government and neutrally."
……
A daughter who graduated from college patiently explained that Qin Sumei benefited a lot after watching this talk show with interest. She was preparing to go back to her own tea restaurant. By the way, when she was in the circle of that street to promote science popularization, the phone rang.
It turned out that Gao Xian was worried after listening to Zhou Chengchang's report, so he took the time to call and asked Qin Sumei and Lu Renbao to pay attention to their personal safety. He didn't care about the gains and losses of the tea restaurant. When this special period passed, he would make up for the losses; Don't rush to the store to avoid stampede accidents. You will let Zhou Chengchang send living materials again.
Qin Sumei, who couldn't close her mouth with a smile, repeatedly promised, "Sir Gao is right. We all take a natural attitude over the tea restaurant. Bao Zi won't live in the store to see the store. We can find ways to earn more money. People must not take risks; ah Chang sent a lot of things this time, enough for half a month."
Gao Xian put down the phone and breathed a sigh of relief. At this time, ye Licheng came in. "This year, the exchange rate of the Hong Kong dollar against the US dollar is about 8.4, and the downward trend is terrible. I don't know what will happen after the announcement of the fourth round of negotiations over the weekend."
"Now people's doubts, media discussions and increasing pressure are on the financial secretary's side. Maybe Peng Lizhi really wants to carry the pot so that he can step down the steps of the Hong Kong government." Gao Xian's eyes shine coldly, "I think the Hong Kong government will have an academic discussion on the new monetary policy in a few days."
……
On September 24, against the backdrop that Britain used the prosperity of Xiangjiang as a bargaining chip to threaten negotiations, the exchange rate of the Hong Kong dollar against the US dollar continued to turn sharply and even hit a new low of 9.6. Almost all foreign businessmen refused to accept the Hong Kong dollar, and the amount of exchange for us dollars in banks was exhausted. The panic of Xiangjiang society reached a new high, and all stores in Hong Kong were overcrowded, All customers are racking their brains to find goods that can help them reduce their losses.
It is no exaggeration to say that at this time, the whole Xiangjiang financial system is in danger.
The Hong Kong government finally couldn't sit still. That night, financial secretary Peng Lizhi publicly said on television that, what, don't panic. The government is actively formulating a plan to stabilize the Hong Kong dollar.
At the same time, financial secretary Peng Lizhi did not forget to warn that it is illegal for anyone in Xiangjiang to require the use of foreign currency in local transactions.
Many people who dragged their tired bodies and returned from the stores without success could not help roaring after seeing the TV speech of Financial Secretary Peng Lizhi. What have they done? If we listen to Sir Kao's advice and take action as soon as possible to stabilize the Hong Kong dollar, how can the situation collapse to such an extent?
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Gaofu garden, a middle-class residential community in Xiangjiang, has a strong atmosphere of hoarding and preserving living materials. If you can't rush to buy food such as cans and dry goods, you can buy some household goods. Anyway, you should be careful and try not to be too far left by the depreciation of the Hong Kong dollar.
Among the people coming and going, Zhou Chengchang, Qin Sumei and Qin Zixin were not abrupt in moving things. They were accosted with envy at most.
After sitting at home, the three chatted casually. Qin Sumei was also very concerned about the public quarrel between Sir Gao and financial secretary Peng Lizhi. "Many people said that the Zhengfu has never taken measures for the sharp depreciation of the Hong Kong dollar, at least Financial Secretary Peng Lizhi is to blame. This Xiangjiang treasurer might as well ask Sir Gao to be."
Zhou Chengchang smiled. "The boss really doesn't like the position of the financial secretary. He cares about the stability of the Hong Kong dollar. This is the real big thing."
"Apart from knowing that money is becoming worthless and worthless, we ordinary people can't understand anything else." Qin Sumei sighed softly, "fortunately, we can still count on and believe in Sir Gao."
On this topic, Zhou Chengchang really has nothing to talk about with Qin Sumei. At most, he freshly tells his boss the voice of the grass-roots people represented by an endless stream of customers in Qin Sumei's tea restaurant as a reference.
After talking about the family of the villagers in the wooden house area, Zhou Chengchang got up to leave and went to Gao Xian to recover his life.
Qin Sumei casually asked her daughter, "Zhaodi, things have been sent back. There is still half a day. Don't you go back to the company?"
"It was a holiday in the afternoon. There was no interest in Hong Kong dollar business in the business department, and the amount of foreign currency business was exhausted. In addition to sorting out the data, there was really no work to do, just for me to have a complete rest." Qin Zixin answered while adjusting the TV channel, switching between BTV's Emerald station, pearl station, ATV's Hong Kong Station, international station, etc, Looking for an interesting program, I finally stopped on a replay of a talk show.
On TV, Huang Zhan, Ni Fang, Cai Lan and Zhang Xiangjiang's famous mouth talked about one Hong Kong dollar nearly 50 years ago, which is equivalent to at least four hundred Hong Kong dollars today. This highly entertaining topic not only made Qin Zixin laugh, but also attracted Qin Sumei. They temporarily forgot to go back to work in the store and sat next to their daughter, Follow it.
Huang Zhan recalled: "I'm also impressed that the official devaluation of the Hong Kong dollar I experienced occurred in 1967. The British pound depreciated by more than 14%. At that time, the Hong Kong dollar linked to the British pound also depreciated by more than 14%. It happened that the advertising company sent me to the United States on a business trip. When I wanted to buy some local souvenirs, take them back to Xiangjiang and give them to my relatives and friends, I found that there was not enough money. In order to To avoid the trouble of favoring one over the other, I simply didn't buy anything, but I saved a sum of expenses. "
Cai Lan cut, "you are a man. Be stingy. You always find decent excuses."
Ni frame also took down the platform, "why didn't I feel like you at that time?"
Huang Zhan smiled and scolded, "were you rich at that time?"
Cai Lan helped to say, "at that time, his remuneration was not necessarily less than that of an advertising company executive."
Huang Zhan fought back mercilessly: "but he spent all his money on bars and nightclubs in Xiangjiang. How can he directly experience the depreciation of the Hong Kong dollar without going overseas M?"
Ni Fang coughed and said, "was it at that time that Zhengfu transferred the exchange fund from the bank account in London to the local bank account in Xiangjiang?"
Huang Zhan didn't chase after him. He replied, "that's not true. It was only when the pound exchange rate floated freely in 1972 that the Hong Kong dollar was decoupled from the pound and became linked to the US dollar that the government took great pains to transfer the exchange fund from London to Xiangjiang."
"But this period is not long. In 1973, the US dollar depreciated by 10% against gold. In order to avoid the disadvantages of linkage devaluation when it was linked to the British pound, the Hong Kong dollar continued to maintain its original value with gold. In other words, the Hong Kong dollar appreciated relative to the US dollar. However, within a few months, the US dollar was decoupled from gold, and the Hong Kong dollar had to decouple from the US dollar The exchange rate is free to float. "
Cai Lan sighed, "it seems that the two backers of the pound and the dollar are not always reliable."
Ni Fang analyzed with difficulty: "the current violent turbulence of the Hong Kong dollar is due to the positive governance factors related to the north?"
"It's not all because the negotiations have reached an impasse." Huang Zhan made a ha ha. "The operation of the exchange fund itself in recent years is indeed debatable."
"During the period of sterling exchange standard system, Huifeng, Standard Chartered and Yili banknote issuing banks would deposit Sterling of corresponding value into the exchange fund when issuing new banknotes; when the exchange fund transferred back to Xiangjiang from London, the Hong Kong dollar began to be linked with the US dollar, and even the following period when the Hong Kong dollar exchange rate fluctuated freely, although the principle remained unchanged, the specific operation was that the government allowed the note issuing banks to issue new banknotes When issuing new banknotes, only the corresponding Hong Kong dollars are transferred to the exchange fund, and then the government uses these Hong Kong dollars to buy US dollars in the international foreign exchange market. "
"Obviously, when the value of the Hong Kong dollar is strong, the Zhengfu has the enthusiasm to buy US dollars, but when the value of the Hong Kong dollar is weak, the Zhengfu does not have to do so, which actually leads to the failure of Xiangjiang's monetary policy management. This is the source of the dispute between Sir Gao and the financial secretary."
"Perhaps it is a good solution to let the exchange fund operate independently of the government and neutrally."
……
A daughter who graduated from college patiently explained that Qin Sumei benefited a lot after watching this talk show with interest. She was preparing to go back to her own tea restaurant. By the way, when she was in the circle of that street to promote science popularization, the phone rang.
It turned out that Gao Xian was worried after listening to Zhou Chengchang's report, so he took the time to call and asked Qin Sumei and Lu Renbao to pay attention to their personal safety. He didn't care about the gains and losses of the tea restaurant. When this special period passed, he would make up for the losses; Don't rush to the store to avoid stampede accidents. You will let Zhou Chengchang send living materials again.
Qin Sumei, who couldn't close her mouth with a smile, repeatedly promised, "Sir Gao is right. We all take a natural attitude over the tea restaurant. Bao Zi won't live in the store to see the store. We can find ways to earn more money. People must not take risks; ah Chang sent a lot of things this time, enough for half a month."
Gao Xian put down the phone and breathed a sigh of relief. At this time, ye Licheng came in. "This year, the exchange rate of the Hong Kong dollar against the US dollar is about 8.4, and the downward trend is terrible. I don't know what will happen after the announcement of the fourth round of negotiations over the weekend."
"Now people's doubts, media discussions and increasing pressure are on the financial secretary's side. Maybe Peng Lizhi really wants to carry the pot so that he can step down the steps of the Hong Kong government." Gao Xian's eyes shine coldly, "I think the Hong Kong government will have an academic discussion on the new monetary policy in a few days."
……
On September 24, against the backdrop that Britain used the prosperity of Xiangjiang as a bargaining chip to threaten negotiations, the exchange rate of the Hong Kong dollar against the US dollar continued to turn sharply and even hit a new low of 9.6. Almost all foreign businessmen refused to accept the Hong Kong dollar, and the amount of exchange for us dollars in banks was exhausted. The panic of Xiangjiang society reached a new high, and all stores in Hong Kong were overcrowded, All customers are racking their brains to find goods that can help them reduce their losses.
It is no exaggeration to say that at this time, the whole Xiangjiang financial system is in danger.
The Hong Kong government finally couldn't sit still. That night, financial secretary Peng Lizhi publicly said on television that, what, don't panic. The government is actively formulating a plan to stabilize the Hong Kong dollar.
At the same time, financial secretary Peng Lizhi did not forget to warn that it is illegal for anyone in Xiangjiang to require the use of foreign currency in local transactions.
Many people who dragged their tired bodies and returned from the stores without success could not help roaring after seeing the TV speech of Financial Secretary Peng Lizhi. What have they done? If we listen to Sir Kao's advice and take action as soon as possible to stabilize the Hong Kong dollar, how can the situation collapse to such an extent?
Gaofu garden, a middle-class residential community in Xiangjiang, has a strong atmosphere of hoarding and preserving living materials. If you can't rush to buy food such as cans and dry goods, you can buy some household goods. Anyway, you should be careful and try not to be too far left by the depreciation of the Hong Kong dollar.Among the people coming and going, Zhou Chengchang, Qin Sumei and Qin Zixin were not abrupt in moving things. They were accosted with envy at most.After sitting at home, the three chatted casually. Qin Sumei was also very concerned about the public quarrel between Sir Gao and financial secretary Peng Lizhi. "Many people said that the Zhengfu has never taken measures for the sharp depreciation of the Hong Kong dollar, at least Financial Secretary Peng Lizhi is to blame. This Xiangjiang treasurer might as well ask Sir Gao to be."Zhou Chengchang smiled. "The boss really doesn't like the position of the financial secretary. He cares about the stability of the Hong Kong dollar. This is the real big thing.""Apart from knowing that money is becoming worthless and worthless, we ordinary people can't understand anything else." Qin Sumei sighed softly, "fortunately, we can still count on and believe in Sir Gao."On this topic, Zhou Chengchang really has nothing to talk about with Qin Sumei. At most, he freshly tells his boss the voice of the grass-roots people represented by an endless stream of customers in Qin Sumei's tea restaurant as a reference.After talking about the family of the villagers in the wooden house area, Zhou Chengchang got up to leave and went to Gao Xian to recover his life.Qin Sumei casually asked her daughter, "Zhaodi, things have been sent back. There is still half a day. Don't you go back to the company?""It was a holiday in the afternoon. There was no interest in Hong Kong dollar business in the business department, and the amount of foreign currency business was exhausted. In addition to sorting out the data, there was really no work to do, just for me to have a complete rest." Qin Zixin answered while adjusting the TV channel, switching between BTV's Emerald station, pearl station, ATV's Hong Kong Station, international station, etc, Looking for an interesting program, I finally stopped on a replay of a talk show.On TV, Huang Zhan, Ni Fang, Cai Lan and Zhang Xiangjiang's famous mouth talked about one Hong Kong dollar nearly 50 years ago, which is equivalent to at least four hundred Hong Kong dollars today. This highly entertaining topic not only made Qin Zixin laugh, but also attracted Qin Sumei. They temporarily forgot to go back to work in the store and sat next to their daughter, Follow it.Huang Zhan recalled: "I'm also impressed that the official devaluation of the Hong Kong dollar I experienced occurred in 1967. The British pound depreciated by more than 14%. At that time, the Hong Kong dollar linked to the British pound also depreciated by more than 14%. It happened that the advertising company sent me to the United States on a business trip. When I wanted to buy some local souvenirs, take them back to Xiangjiang and give them to my relatives and friends, I found that there was not enough money. In order to To avoid the trouble of favoring one over the other, I simply didn't buy anything, but I saved a sum of expenses. "Cai Lan cut, "you are a man. Be stingy. You always find decent excuses."Ni frame also took down the platform, "why didn't I feel like you at that time?"Huang Zhan smiled and scolded, "were you rich at that time?"Cai Lan helped to say, "at that time, his remuneration was not necessarily less than that of an advertising company executive."Huang Zhan fought back mercilessly: "but he spent all his money on bars and nightclubs in Xiangjiang. How can he directly experience the depreciation of the Hong Kong dollar without going overseas M?"Ni Fang coughed and said, "was it at that time that Zhengfu transferred the exchange fund from the bank account in London to the local bank account in Xiangjiang?"Huang Zhan didn't chase after him. He replied, "that's not true. It was only when the pound exchange rate floated freely in 1972 that the Hong Kong dollar was decoupled from the pound and became linked to the US dollar that the government took great pains to transfer the exchange fund from London to Xiangjiang.""But this period is not long. In 1973, the US dollar depreciated by 10% against gold. In order to avoid the disadvantages of linkage devaluation when it was linked to the British pound, the Hong Kong dollar continued to maintain its original value with gold. In other words, the Hong Kong dollar appreciated relative to the US dollar. However, within a few months, the US dollar was decoupled from gold, and the Hong Kong dollar had to decouple from the US dollar The exchange rate is free to float. "Cai Lan sighed, "it seems that the two backers of the pound and the dollar are not always reliable."Ni Fang analyzed with difficulty: "the current violent turbulence of the Hong Kong dollar is due to the positive governance factors related to the north?""It's not all because the negotiations have reached an impasse." Huang Zhan made a ha ha. "The operation of the exchange fund itself in recent years is indeed debatable.""During the period of sterling exchange standard system, Huifeng, Standard Chartered and Yili banknote issuing banks would deposit Sterling of corresponding value into the exchange fund when issuing new banknotes; when the exchange fund transferred back to Xiangjiang from London, the Hong Kong dollar began to be linked with the US dollar, and even the following period when the Hong Kong dollar exchange rate fluctuated freely, although the principle remained unchanged, the specific operation was that the government allowed the note issuing banks to issue new banknotes When issuing new banknotes, only the corresponding Hong Kong dollars are transferred to the exchange fund, and then the government uses these Hong Kong dollars to buy US dollars in the international foreign exchange market. ""Obviously, when the value of the Hong Kong dollar is strong, the Zhengfu has the enthusiasm to buy US dollars, but when the value of the Hong Kong dollar is weak, the Zhengfu does not have to do so, which actually leads to the failure of Xiangjiang's monetary policy management. This is the source of the dispute between Sir Gao and the financial secretary.""Perhaps it is a good solution to let the exchange fund operate independently of the government and neutrally."A daughter who graduated from college patiently explained that Qin Sumei benefited a lot after watching this talk show with interest. She was preparing to go back to her own tea restaurant. By the way, when she was in the circle of that street to promote science popularization, the phone rang.It turned out that Gao Xian was worried after listening to Zhou Chengchang's report, so he took the time to call and asked Qin Sumei and Lu Renbao to pay attention to their personal safety. He didn't care about the gains and losses of the tea restaurant. When this special period passed, he would make up for the losses; Don't rush to the store to avoid stampede accidents. You will let Zhou Chengchang send living materials again.Qin Sumei, who couldn't close her mouth with a smile, repeatedly promised, "Sir Gao is right. We all take a natural attitude over the tea restaurant. Bao Zi won't live in the store to see the store. We can find ways to earn more money. People must not take risks; ah Chang sent a lot of things this time, enough for half a month."Gao Xian put down the phone and breathed a sigh of relief. At this time, ye Licheng came in. "This year, the exchange rate of the Hong Kong dollar against the US dollar is about 8.4, and the downward trend is terrible. I don't know what will happen after the announcement of the fourth round of negotiations over the weekend.""Now people's doubts, media discussions and increasing pressure are on the financial secretary's side. Maybe Peng Lizhi really wants to carry the pot so that he can step down the steps of the Hong Kong government." Gao Xian's eyes shine coldly, "I think the Hong Kong government will have an academic discussion on the new monetary policy in a few days."On September 24, against the backdrop that Britain used the prosperity of Xiangjiang as a bargaining chip to threaten negotiations, the exchange rate of the Hong Kong dollar against the US dollar continued to turn sharply and even hit a new low of 9.6. Almost all foreign businessmen refused to accept the Hong Kong dollar, and the amount of exchange for us dollars in banks was exhausted. The panic of Xiangjiang society reached a new high, and all stores in Hong Kong were overcrowded, All customers are racking their brains to find goods that can help them reduce their losses.It is no exaggeration to say that at this time, the whole Xiangjiang financial system is in danger.The Hong Kong government finally couldn't sit still. That night, financial secretary Peng Lizhi publicly said on television that, what, don't panic. The government is actively formulating a plan to stabilize the Hong Kong dollar.At the same time, financial secretary Peng Lizhi did not forget to warn that it is illegal for anyone in Xiangjiang to require the use of foreign currency in local transactions.Many people who dragged their tired bodies and returned from the stores without success could not help roaring after seeing the TV speech of Financial Secretary Peng Lizhi. What have they done? If we listen to Sir Kao's advice and take action as soon as possible to stabilize the Hong Kong dollar, how can the situation collapse to such an extent?
