Chapter 32 Persuasion
On the way back, Selyosha was thinking about what happened in the department store today. The old comrade who came to report the problem, a retired bus driver in Moscow worked hard to devote his life to the country, but when he was old, he could not rely on his pension to spend his old age. Instead, state cadres like Valery relied on their own rights to make a lot of money for their own selfish interests.
Selyosha did not punish Valery because he and Valery were the same kind of person. There was no problem with criticizing Valery himself. In addition, Valery was not a cadre belonging to the Ministry of Foreign Trade and Economic Affairs system, and Selyosha could not and did not want to punish him beyond his authority.
Valery handled the matter on the old comrade by himself. Selyosha believed that Valery would not do anything perfunctory for his future. However, today's incident suddenly made Selyosha suddenly feel a sense of guilt towards this country.
During these days, Selyosha has been busy raising funds for Japan's plans. He asked Khodorkovsky and other Communist Youth League cadres to help him get foreign exchange from this country. Now think about it, this behavior is harmful to the country but not beneficial. Over the years, Selyosha has done most of the things that he has done is worthy of this country. Whether it is the mutual aid association in the past or the workers' new village in the later worker, Selyosha has made a fortune while also providing help to the local people. So why can't Japan's actions be done like this?
Thinking of this, Selyosha had a new idea, and he said to his driver: "I won't go back to the Ministry of Foreign Trade and Economic Cooperation, go to the Kremlin!"
After responding, the driver quickly changed direction. Nasja, who was sitting next to Seriosha, contacted the staff of Gorbachev's office via the on-board phone and asked the General Secretary if he had time. After receiving a positive answer, Nasja told Seriosha about the reply that Gorbachev's office agreed to the meeting.
Seryosha's car, Gir41047, came all the way towards the Kremlin. After inspections after inspection, Seryosha finally met General Secretary Gorbachev.
"Seryosha, I haven't come to me for a long time, why did I suddenly come here today?" Gorbachev gave Seryosha a big hug.
"General Secretary, I came here today to submit an application to you. I hope that in the next few months, I can authorize the use of foreign trade banks' reserve foreign exchange reserves!" Selyosha straightforwardly put forward his own ideas.
"How did you come up with the idea of foreign exchange? Could it be that you have any good plans to do?" Gorbachev asked in surprise and curiosity.
"General Secretary: The prices of some resource products we export now, such as oil, coal, and electrolytic aluminum, in the international market are continuing to decline. If this situation continues, our foreign exchange income will be even smaller. For consideration in this situation, I hope that our foreign trade banks can use part of the foreign exchange to speculate in the international futures market and reduce our losses through hedging in futures and spots. If the operation is done properly, it is very likely to make a big profit!" Selyosha replied firmly.
"Using foreign exchange reserves for hedging? What does it mean?" Gorbachev asked curiously.
"General Secretary, simply put, is to use part of foreign exchange to control the price for a certain period of time. Take oil as an example. A considerable part of our exports are not long-term contracts, but are acquired by some international traders. The price they rely on is the price of crude oil in the New York or London market. If we can raise the price during trading, we will get more income..." Sheryosha said jokingly.
"Will there be any risks in doing this? How much foreign exchange needs to be used? You know, Seryosha, our economic reform has just been on the right track, the country is building everywhere, and it is urgent to import a large amount of industrial equipment from abroad..." Gorbachev asked with some concern.
"General Secretary, please rest assured that all our actions are short-term actions, and we can use leverage to trade in the foreign exchange market. If there is a danger, I will immediately understand the position. But if we can maintain the price of oil futures, then we can take the initiative in oil exports!" Seriosha continued to explain that the reason why he really worked hard to promote this was not to keep the oil price. Now most of the oil in the Soviet Union is represented by Glencore. Because of the barter trade, it has actually lost its correlation with the US dollar. Instead, it is related to imported agricultural products such as grain. The real reason why Seriosha hopes to use foreign exchange is to make long yen in the international foreign exchange market.
"Seryosha, is this matter very sure? It will not cause any major losses to the country? Also, do we lack talents from relevant aspects?" Gorbachev asked with some concern.
"There are no such talents in China, but there are mature markets and service agencies abroad to help us operate this matter! As for taking me? General Secretary, I have sufficient confidence and preparation for this matter!" Seriosha explained to Gorbachev.
Seriosha has made countless contributions to the country over the years, and Gorbachev is naturally very relieved about Seriosha's ability. Now Seriosha is here to seek Gorbachev for the power to use foreign exchange, Gorbachev did not think too much and agreed to Seriosha's request happily.
When Seriosha who got what he wanted was leaving the Kremlin, it was already seven or eight o'clock in the evening. After discussing the matter, Gorbachev specially kept Seriosha for a Kremlin dinner. Seriosha got into the car, and the driver headed towards Seriosha's official residence after asking about Seriosha's next destination.
Seriosha looked at the beautiful scenery around the Red Square outside the car window and felt particularly happy. He had decided that this time he used the foreign exchange reserves of the foreign trade bank to implement the Japanese plan, and part of the income obtained would be given to the treasury. The reason why Seriosha did this was mainly for his conscience and to repay Gorbachev's trust in himself.
Chapter completed!