Rebirth: Super Banking System-Chapter 2442 - 2282: This Is Confidence

At this time.

Seeing this news, countless people found it incredible.

"It’s been only a few years? Already fourth in the world?"

"Five years."

"No, only four years, counting from the day the Myanmar Kyat disappeared."

"A miracle!"

"I bet those over in Japan will be feeling unbalanced, haha."

"..."

In just a few years, a new currency appeared and quickly became one of the top-ranked currencies for international trade.

A miracle.

Yet.

It actually happened.

Asia Dollar.

After replacing the Myanmar Kyat, it almost galloped ahead, surpassing numerous countries’ payment proportion in international trade, even surpassing the Yen.

Keep in mind.

The Yen’s share is the result of years of hard work, and to be surpassed by the Asia Dollar is a testament to its success.

However.

Reflect a bit.

And it seems understandable.

First.

Myanmar possesses goods that the world needs, Filtering Solution, Transcription Fluid, Oasis, Fruit wine...

Second.

Myanmar has been actively promoting trade with Asia Dollar by implementing tax reductions to increase its circulation.

Third.

And most importantly, nearly three thousand tons of gold in the Myanmar Central Bank, making it the second-largest gold reserve country, provided market confidence in Asia Dollar.

Gold.

Is natural currency.

Therefore.

Using Asia Dollar, people felt secure, rather than purely relying on Credit currency. As for the current era of Credit currency, has gold lost its original attributes?

Ha!

Those who believe it.

Are fools.

The United States keeps persuading, leading countries worldwide into the Credit currency era, reducing gold holdings, yet still maintains over eight thousand tons, ranking first.

And continuously maintains it.

Listen.

Don’t just listen to what people say, but watch what they do.

Evidently.

The day the United States sells off eight thousand tons of gold is when we can believe their words; otherwise, it’s like hoarding grain themselves while urging others to sell theirs.

What nonsense!

Only a fool would believe it.

...

Actually.

Strictly speaking, there’s a fourth point, which is the immense confidence Myanmar has in preserving the Currency Value of Asia Dollar, with fixed Exchange Rates, resolute in their stance.

Back then.

Myanmar’s Foreign Exchange Reserves were nearly depleted.

Yet.

They firmly endured, never allowing the Asia Dollar to depreciate, and in fact, Asia Dollar has been consistently appreciating against other currencies ever since.

Therefore.

To the market, it’s a booster shot.

The fear.

Is the lack of strong risk resistance and determination from authorities, similar to Polar Bear, such a vast nation where logically, the currency should be favored.

But.

Polar Bear’s currency in the international trade market is hardly desired, mainly for the fear of Exchange Rate suddenly taking a nosedive.

Historically.

This situation has occurred more than once.

Internally.

Externally.

Various reasons led to this result.

Ruble.

Gradually became an untrustworthy currency; imagine storing it, one day waking up to Large-scale depreciation of Rupees, there’d be nowhere to cry.

...

South Korea.

Seoul.

Conference Hall.

Many big shots quickly learned of this message, looking at Ling with eyes that flickered oddly, a percentage over four is exceedingly high.

Surpassing the Yen, second only to the three major currencies.

The truth.

Is quite enviable.

Thus.

Myanmar, too, could slightly collect some minting taxes from certain countries. Just print money, and you can buy things globally, who wouldn’t want that?

Earning foreign exchange is indeed a bit grueling for many countries. When others don’t want your currency, it’s a rather depressing matter.

Helplessly.

The world currency pattern has basically formed.

Therefore.

Hoping for a reversal is almost impossible, yet Asia Dollar succeeded, by comparison, they could barely see hope, success did follow special reasons.

-Gold.

-Unique commodities.

These two aspects most other countries don’t have, there are no monopolistic items that solely they possess and are globally needed.

Without this.

Everything.

Is but a delusion.

"Alas!"

Many silently sighed.

This time.

It wasn’t lamenting Asia Dollar’s surpassing of Yen, being just a step away from British Pound, perhaps might overtake soon, but the first and second.

That is an insurmountable gap.

Beyond?

Just dreaming.

The first and second represent the planet’s current strongest two forces---the United States and the European Union, holding the technological and military high ground.

Reversing?

Ha!

Too ambitious.

Even.

Many countries chuckled wickedly at Ling, thinking: soon, Asia Dollar would hit the ceiling, that’s where you’ll find an insurmountable distance only leading to desperation.

At this.

Many felt somewhat better.

...

After the meeting.

The big shots returned to their own countries.

However.

The media didn’t let up, many insidious media outlets were displeased about Asia Dollar becoming the fourth-largest global international trade payment currency.

Like India.

At the sight of it.

Seeing Asia Dollar reach this level, their Rupees seemed like paper, few countries were willing to accept it, and bitterness welled up.

Indeed.

Rupee exchange rate fluctuated significantly.

Indeed.

There was plenty of counterfeit Rupees.

Indeed.

India’s gold reserves are insufficient.

Yet.

Why don’t you use ours? In many people’s minds, India is already a great power, possessing so many weapons, equipment, and population.

Why is Rupees not trusted?

"So what about being fourth, still always just fourth."

"Exactly."

"The three mountains ahead, Asia Dollar can’t overcome."

"As Asia Dollar’s trade volume increases, confidence risks will increase, more than two thousand tons of gold can’t provide assurance for such a massive volume of transactions."

"Well said, Myanmar is foolish, narrow-sighted, selling so much gold."

"Short-sighted."

"..."

A multitude of people, were not disparaging Asia Dollar’s current achievements, but seemed as if they were among the top three, ridiculing the fourth, claiming it will always be fourth.

This way.

Finding some schadenfreude.

See.

You can only be fourth, as for third? Impossible, as a member of the Commonwealth of Nations, they carried mysterious confidence in their leader.

Overcome the British Pound?

Ha!

Just dreaming.

Despite.

United Kingdom is no longer the Never-setting sun.

Despite.

United Kingdom’s economy recently has been in a poor state.

Despite.

Many still stir about Brexit.

Yet.

In their minds, United Kingdom remains advanced, strong, absolutely impossible for Asia Dollar to surpass, India’s public opinion was delighted for a time.

...

However.

India’s self-satisfaction hasn’t spread much beyond.

After all.

Other countries didn’t have the same psychological gap as India bordering Myanmar; they merely paid slight attention to Asia Dollar becoming fourth.

However.

Regarding India’s leap, there was disdain.

Hah!

Show some promise, aren’t you one that hasn’t even made it into the top ten, what qualifies you to mock the fourth, just because the third was once your master?

This pride, isn’t it embarrassing?

Alright.

Guess the other side truly isn’t embarrassed.

...

However.

When Indian media were being sarcastic, the next day, an announcement from Myanmar Central Bank left all of India stunned.

The content was simple:

---Myanmar Central Bank’s gold reserves, adjusted from 2,800 tons to 3,600 tons, thereby stabilizing Asia Dollar’s currency payment confidence.

Upon reading.

Those who were just complacent, fell into silence.

My goodness.

Another 800 tons.

Damn!

Weren’t you just selling a thousand tons of gold two months ago, now another 800 tons, what the hell, is your gold like chives?

Does it regrow upon digging?

Heavens.

What kind of divine Gold Mine produces so ruthlessly?

Suddenly.

Countered the Indian media’s questioning of Asia Dollar’s credibility, and informed everyone: this is confidence, unconvinced? Then show your gold reserves too.