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Chapter 90 Someone is going to attack Lila (5)

Francesco gave a thumbs up, which was equivalent to taking over the rights of the central bank. United Group was not satisfied with the second Air Force and had to be the second central bank.

"Scammer... liar... he cheated our foreign exchange and refused to repay it! Admiral, you have to help me..." After this decision, Wolpi was so anxious that he jumped straight. In this way, the United Bank cut off the central bank. What should he do, as the Minister of Finance? He did not dare to go to Mussolini, so he had to go to find old Ziano, hoping that the latter could help him talk to Contini and ask him to return the foreign exchange.

"Earl, you are not kind enough to say this. I am not going to help you enough? Who sent the telegram to the leader? Who is responsible for dismantling the extra foreign exchange from the central bank?" Contini said, "You can't expect us to think of United Bank when we help. We must have a sense of contract and a spirit of contract..."

"But, it is clear that the central bank can take it back at any time if necessary."

"What does the central bank need? Isn't it just exchange? We have taken this job. United Bank's window and service power are wider than that of the central bank! Isn't it just changing foreign exchange?" Contini said indifferently, "This is actually not difficult at all."

Volpi was speechless and could only turn his gaze for help on Old Ziano.

The latter was a little puzzled at the beginning. What did his son do with the central bank's foreign exchange? Besides, the United Bank also needs to exchange it, and cannot make a fortune in speculation, so why do such offensive work? However, Francisco whispered a few words in his ear and understood: if you are also exchanging foreign exchange, you will pay attention to anyone who exchanges it. It is a great power at the moment.

"Let's do it, let's not argue anymore. I'll call the leader and listen to his opinion. Who will do this?"

After saying that, Wallpi was not allowed to question it. He picked up the old Ziano phone and called the Prime Minister's Office. After listening to Contini's report, Mussolini was also a little puzzled. Why did the United Bank fight with the central bank for this right? But later Contini understood: "Leader... I will place foreign exchange according to the needs of the actual market and ensure that it will not be left to speculators. Of course, I will definitely take care of the work or special needs of the Party and the leader. I will leave you a quota of 100 million US dollars. Without your warrant, no one is allowed to use it."

Wolpi was stunned. Can he do this?

Old Ziano shook his head, stop fighting for this matter, it is useless to argue. My son's words are almost certain.

Sure enough, Mussolini understood it, but said: "Calais, you are very considerate. United Bank has foreign investors and international background. I think it is appropriate to put foreign exchange here for exchange. Once a run occurs, it will not endanger the credit of the central bank. Your method is very good. However, you cannot just consider US$1.2 billion. You must consider the economic and fiscal situation of the country. As a national economic stabilizer, United Group must stand up and play the role of the main force. It is more important to stabilize market confidence than a little foreign exchange! Of course, in terms of specific business, you must communicate more with Your Excellency Earl. After all, he involves all aspects and manages the national finance..."

"I understand, I will definitely ask the earl for the specific situation..."

Francesco raised his thumbs up, raised it at Volpi like a demonstration, and raised it. The latter smiled bitterly and shook his head. It was said that the president was domineering. Today he finally learned that this was not a fucking gap.

"Emperor, you can be content with me with a hundred foreign exchange. We will not use it to speculate, so we will not allow others to use it to speculate. I will ask the bank to carefully verify the exchange of foreign exchange. We will reject any exchange requests that exceed the historical foreign exchange usage limit, including Fiat..."

In fact, if a large consortium like Fiat doesn't take the opportunity to make trouble at this time, it will be a ghost, but now that the foreign exchange card is in Contini's hands, there is nothing to do. Of course, Francisco knows the magic: the United Group can judge who will issue foreign exchange to yourself, which is a killer in the market calling on heroes and expanding its influence.

As expected, when I heard that foreign exchange is concentrated in the hands of United Bank, speculative capital was worried: it only takes a small price to impress the central bank to release foreign exchange. How much does it cost to buy the president? Who can afford this money? Other companies in the market that really need foreign exchange and have had relationships with United Bank at the same time almost wanted to say long live. When United Group was facing bank debt rushing, they were determined to stand on the president's side. If this would be the case, it would be impossible to get a foreign exchange summary, right?

The situation is not as optimistic as they think, but it is not as pessimistic as other observers think that United Group intends to monopolize. Foreign exchange is still continuously replaced under control, but when you look closely, there is a prerequisite: those with close relationships with United Group and indeed import and export business, they should be satisfied with all their efforts; those with close relationships but no business or business volume are small, they should be satisfied; those with not close relationships but the business is indeed satisfied, some are satisfied; those with neither relationships but no evidence are purely trying to speculate, I'm sorry, your exchange request will not be exchanged for you during the review, after all, fascist does not recognize foreign exchange control...

Of course, there were also constant calls to Old Ziano and Francisco, but they both smiled and asked them to call Contini directly. But do you really have to call Contini? Speculative capitalists are worried. What do you say when you meet the president?

But someone spoke up and successfully exchanged foreign exchange from Contini. Who is it? Adriana!

Contini gave her a quota of 1.2 million US dollars. While filling out the check, he also told her with a smile: "This is your private money. You haven't received the dividends from last year. Who do you like to exchange for whom, but if you lose money in the future, you are not allowed to come to me and cry..."

This is the president's family matter. Francisco can only pretend that he didn't see that not only had a father who was deputy mayor, but also had a son, and he had to give him the 1.2 million face. Besides, Contini took it out of his pocket. Vivian had just spent 1.7 million dollars in New York, and he couldn't say much.

Apart from this, there is no such simple trick to ask for success to control the exchange army. The fact is clearly here that the foreign exchange demand for normal foreign trade is sufficiently satisfied. The large-scale increase in foreign exchange demand is completely driven by speculation and is not worthy of recognition.

However, Francisco was also a little worried: Will the rumors outside be more unfavorable to the stability of the lira currency value if this is controlled?

Contini nodded: "This is undoubtedly, but we cannot expect to keep foreign exchange on the one hand and not let others question it. As long as time goes by, the rumors will subside. Now is a critical moment. I would rather hold foreign exchange in my hand and be attacked than show my timidity at the critical moment."

July 16th is the last delivery day of the July contract for crude oil, but there is not so much crude oil available for delivery in the market, so there is a rush to buy and close positions, which also raises the price back a little. But soon Leo told him that not only the August contract, but now the September contract is falling rapidly.

"Don't they care about the liability for breach of contract and delivery?"

"No! Persian oil companies are ready to meet market delivery needs, while US crude oil is ready to pour into full demand."

"U.S. crude oil?" Contini was stunned. "It is not profitable to deliver US crude oil. Now the US market price is higher than that of Europe, and it will be shipped back. This is a total loss-making transaction!"

"But people may not mind the loss of a few cents a barrel here. They will absorb all our foreign exchange and leave the delivered crude oil without a place. This is a big problem!"

"I understand, let them do it." Contini thought for a while, "be prepared to continue financing from the US market."

"I mentioned that several major banks have quotations of more than 5%, and the quota is not much, only about 500-100 million yuan."

"Yes, just integrate according to this level, 3 years!" Contini said, "We must prepare for a little card in the future, otherwise we will be too passive."

"What about the crude oil contracts in the market? Continue to earn?"

"Continue to open up the acquisition according to the reserve regulations, don't be afraid of spending money..." Contini thought for a while, "The key is to find a way to stabilize the contract in August, and eat as much as you can!"
Chapter completed!
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