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Chapter 376 Procedures

"Teacher, Brother Hu, I'll go over and see if I can help?"

Seeing Chen Kai going through the procedures alone, paying for money and filling out the form, Fang Yi hurriedly walked over. They were late today and there was no queue in front of the window. The guard next to him glanced at Fang Yi, but did not stop him from walking to the window.

"Brother Kai, do you want help?" Fang Yi walked to Chen Kai and found that Chen Kai was filling in with a few card-sized papers.

"It just so happens that you can fill in our entry and exit certificate, and I will pay the fee first..."

Seeing Fang Yi coming, Chen Kai handed over the paper and pen in his hand and said, "Just fill in your name, just write Chinese. It is bilingual in Chinese and English on the Myanmar publication. Basically all the staff here know... "

"Brother Hu, what is your full name?" Fang Yi finished filling out his and his teacher's entry and exit certificate and turned around and shouted at Ah Hu.

"Naihu Tawang Suxi..."

Ah Hu reported a Thai name, but I don’t know whether it was true or not. However, Fang Yi asked casually, and he knew that people like Ah Hu who had fought wars in several countries would never report their real names.

He placed the filled-in card in front of the glass window, and someone immediately took it in. Fang Yi saw a staff member using a plastic film machine to press a layer of film on the card, then hung a few straps, and after getting it to the window, he said a few words to Fang Yi.

"Brother Kai, what does he mean?" If he was speaking English, Fang Yi could barely understand a little, but Fang Yi couldn't even understand a word in Burmese dialect.

"Charge..." Chen Kai, who was originally looking up the US dollar, put down the money in his hand, then took out a thick stack of money from his backpack, counted dozens of them and handed them over.

"Brother Kai, what's the money? Why did you give him so much?"

Fang Yi was shocked when he saw the stack of money that Chen Kai was holding. He knew the Arabic numerals of 1,000 on the denomination of the money. Chen Kai gave a total of twenty, which means that it would cost 20,000 yuan for just four inlet and exit certificates.

"Myanmar currency, this thing is not worth much..." Chen Kai smiled and said, "Guess, how much is the total RMB these 20,000 Myanmar currency?"

"No matter how valuable it is, it must be worth thousands of yuan, right? Is this the only way to buy a road?"

Fang Yi can barely figure out the exchange rate between the US dollar and the RMB, and subconsciously thinks that foreign money is more valuable. He said a number of thousands, and he tried his best to lower it.

"Several thousands? Is it almost the same to change the number to remove zeros again and again?"

Hearing Fang Yi's words, Chen Kai couldn't help laughing and said, "Fang Yi, sometimes the strength of the country can represent the international status of the country's currency. In Southeast Asia, there is no money that can be more valuable than the RMB. The Hong Kong dollar in the past has also fallen..."

As a businessman who often goes abroad, Chen Kai undoubtedly has the deepest understanding of the status of the RMB internationally. In the early years, when he was doing Russian trade, the RMB was not easy to spend abroad. Russians only recognized the US dollar, and at that time, the domestic lacked US dollars. So the first thing Chen Kai did when he arrived in Russia was to exchange some US dollars first.

Not only in Russia, but also in Hong Kong and Taiwan at that time, the exchange rate of RMB was very high. Only the US dollar and the pound were hard currency. If you want to buy things abroad, you must exchange them for US dollars or local currency.

But now, the RMB is very easy to use throughout Southeast Asia. Not only do all countries have special exchange business points, such as Hong Kong Island, which can also use RMB directly. However, they charge it one-to-one, and most people exchange it first before using it.

"A 20,000 yuan worth of Burmese Kylies is worth 100 yuan?" Fang Yi's reaction was quick and he immediately made it clear, but he never expected that Burmese Kylies were so worthless.

"Well, the entry and exit certificate is worth RMB, it's 25 yuan per card. If you lose it, you can reissue it..."

While talking, Chen Kai counted the US dollar again. He counted some of the bills. As for those hundreds of packs, he put them in front of him. Fang Yi took a look at them and it should look like 300,000 or 400,000.

"A total of 500,000, please count it..."

After about seven or eight minutes, Chen Kai pushed a bunch of US dollars to the window and muttered, "It's really troublesome. You can obviously swipe your card, but you have to get cash. Isn't this asking for something for yourself?"

"Comrade, what we don't want either is the above command..."

Unexpectedly, as soon as Chen Kai finished speaking, the people inside picked up in Chinese. Chen Kai, who was called comrade, looked embarrassed and pointed at the money, saying, "You guys hurry up and go through the procedures. According to the rules, you can place a deposit of 500,000 yuan for 10 million yuan, right?"

Chen Kai is an old customer of the Myanmar Jade Public Market. He knows that before entering the bid, he needs to pay a deposit in advance. The deposit is calculated based on 5% of the bid amount. One million US dollars is the minimum limit. That is to say, only if you pay 50,000 US dollars first can you be eligible to enter the on-site to see the goods and bid.

For this method, big jade dealers like Chen Kai and others are still very popular, because 50,000 US dollars is equivalent to more than 400,000 RMB, which to a certain extent eliminates some retail investors. This is also one of the reasons why the Myanmar Jade Public Market has become a holy place for gambling stones. Only those with strong capital can participate in the game here.

"Yes, we will pay 500,000 yuan in one lump sum. We can set the upper limit of this label to 15 million US dollars..." For a large customer like Chen Kai, the staff behind the glass window obviously dare not neglect it, and their attitude is very good.

"Okay, get me another hundred bids..." Chen Kai nodded, took out Burmese coins from his backpack, counted out fifty ones and placed them at the window.

"Brother Kai, what price is 50,000 Burmese Kyrgyzstan?" Fang Yi was a little puzzled. The main reason was that he had not adapted to the exchange rate between the RMB and Burmese Kyrgyzstan. Seeing that a stack of money was handed out, he subconsciously thought it was a lot.

“Tender order…”

Chen Kai knew that Fang Yi knew nothing about the operation of the public market, and explained patiently: "The bid form is mainly used for secret bidding. Fill in your number and the bidding wool mark on it, add the bid amount, and then put them in the bid box..."

After handing out the bid order at the window, Fang Yi understood at a glance that there were Chinese and English notes at the positions Chen Kai said. After calculating the exchange rates between the RMB and the Burmese Kyrgyzstan in his mind, Fang Yi found that this bid order was actually only worth about three yuan, which was not very expensive.
Chapter completed!
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