Jeffrey Sachs stayed in Poland for a week. During this period, Walesa and his cabinet discussed with the Colombian Bank and Jeffrey Sachs himself again and again. With the huge debts coming to an end, the Polish government has no way to repay foreign debts, and the Polish government is also helpless in the face of domestic hyperinflation.

Now most of the products sold by Glencore in Poland are still settled in US dollars, and only a small part is repaid with copper produced in Poland and other minerals. For the Polish government, if they want to import urgently needed food, agricultural products and other living materials from abroad, they can only consume US dollars and copper. Although Poland is a country with rich copper reserves, its production capacity is insufficient and it cannot meet the needs of Glencore overnight. After experiencing unpleasant days between the two sides, Glencore is now completely in business with the Polish government. Without US dollars or copper, Poland cannot even import a ship of wheat.

Varessa now has the only life-saving straw thrown by the Bank of Colombia. So despite the doubts, the Polish government still grabbed the straw and agreed to take over the central bank of Poland by the Bank of Colombia.

After obtaining the official authorization of the Polish government, Saxophone and Mikhail immediately began their actions. On the second day after the signing of the cooperation agreement between the two parties, the Colombian Bank announced the abolition of the old Polish currency, the Zloty, in the name of the Polish Central Bank, and changed to the issuance of the new and old versions of the Polish Zloty. The conversion ratio of the two new and old zlotys is 1:100.

Many Poles learned from newspapers, television and radio early in the morning that the government had issued a decree order. For a moment, the doors of major banks in Poland were crowded with residents coming to exchange for banknotes. They rushed to the banks with bundles of banknotes to exchange for the new version of Polish Zloty.

The issuance of the denomination order is just the beginning. Although the exchange ratio of 1:100 is just a digital game, because of the new monetary system, the prices of commodities in the market have begun to be re-linked to the new version of Zloty.

Almost overnight, the prices of most commodities in the market fell by a hundred times. Just the day after the Polish Central Bank announced the denomination order, the Polish government once again announced the news of raising bank interest rates and abolishing food and fuel subsidies. From this time on, a large number of currencies circulating in the market began to return to the hands of the Polish Central Bank.

In just one week, Mikhail did fulfill his promise, and Poland's inflation was finally under control.

With the strength of the Gorky consortium, controlling Poland's prices at will is basically no pressure. After all, Poland's population is only one-tenth of that of the Soviet Union, while Glencore controls the largest grain buyers in the Canadian, American, and Australian markets.

Mikhail wanted to use the Polish market as a banner of Colombian Bank in Eastern Europe, while Seriosha strongly supported his plan behind his back. Just after Poland's hyperinflation was brought under control, Yuri also arrived in Warsaw and began lobbying the Polish government for privatization reforms.

Mikhail quickly submitted a privatization reform plan to the Polish government. Because the Colombian Bank took over almost all of Poland's debts, the Colombian Bank is now Poland's largest creditor. This privatization reform plan is essentially a plan for Poland to repay the Colombian Bank.

According to Mikhail's plan, the huge state-owned assets in the hands of the Polish government will become the treasure of the Colombian bank. However, the Polish government is not clear about these things. They only know that the mines, steel and metallurgical companies that originally belonged to the country, as well as some domestic banks, shipyards, etc., almost all assets were marked on prices and placed on shelves for people to choose from.

Poronaz Automobile has been taken over by Gorky Volkswagen, and some downstream companies as supporting factories have now begun to sell out. Poland's state-owned ranch was sold to the animal husbandry branch of Occupy Petroleum, Gdansk's shipyard, Poland's state-owned shipping companies, and even the port of Gdansk were bought by the Mediterranean shipping companies as a whole. In addition, domestic airports, railways, canals and other transportation companies in Poland were all divided up by Gorky Group.

This series of dazzling sale and integration has caused Poland's economy to begin to show signs of improvement, and the Polish government is naturally grateful to the Bank of Colombia. However, what they don't know is that eating these state-owned assets of Poland did not cost much money to the Gorky Group, because in Poland today, even the banknotes were printed by the Bank of Colombia. Glencore took this opportunity to clean up a large number of materials that had been reserved for many years. On the surface, the companies involved in Poland's privatization come from around the world, with as many as hundreds, but in fact the best assets have long fallen into the pockets of the Gorky Group.

In just a few months, a package of foreign debt and economic transformation solutions made Poland a country controlled by the Gorky consortium, but the Polish government did not realize this. Instead, because prices began to fall and the economy began to recover, the Polish people regained their trust in the government. At least Walesa didn't have to worry about his own ****.

The results of Polish reforms have made Colombian Bank and Geoffrey Sax famous, and the package of foreign debt and economic transformation solutions derived from Geoffrey Sax's shock therapy have become life-saving straws in the eyes of emerging regimes in Eastern European countries. As Poland's economy began to get on track, Mikhail and Geoffrey Sax have successively received invitations from the Hungarian and Czechoslovak governments to invite Colombia to continue Polish-style reforms in Hungary and Czechoslovakia.

Mikhail naturally would not miss this opportunity. At this moment, a larger idea began to appear in his and Seriosha's minds. Can we establish a transnational central bank that includes the entire Eastern European countries to help the entire Eastern European region carry out integrated reforms? Seriosha knew clearly in his heart that if this idea could be established, Eastern Europe would establish the eurozone more than ten years ahead of schedule. At that time, a unified and huge market would greatly strengthen the competitiveness of this region. Most importantly, Colombia would become the central bank of the entire Eastern Europe. This idea is simply too tempting.
Chapter completed!