Rebirth: Super Banking System

Chapter 2521: Chapter 2359: Stirring Up Trouble

Not long after.

Leaving the manor.

"Pah!"

"What a joke, back then, you were just our dog. Now that you’ve turned the tables, you dare to be so arrogant. Let’s see how long you can keep it up."

The visitor cursed.

Wasted his breath.

Oil and salt wouldn’t penetrate.

This made him very angry. Angke didn’t even bother with any formalities, directly refusing. It seemed he was resolute. He could only leave resentfully.

At this moment.

Regarding the European Union’s lobbying strategy, he felt it was almost a complete failure.

Bastard.

Xie Te.

Damned.

These guys were too stubborn. They insisted on clinging to the Asia Dollar. What right does a small Southeast Asian country have to compare its currency with the EU’s?

Humph!

Wait for the market crash, I’ll deal with you sooner or later.

...

After the cursing.

"Sigh!"

He could only sigh helplessly. If someone didn’t want it, could he force it on them? It wasn’t just him; even those who went to lobby various governments didn’t bring back any good news.

Mostly perfunctory.

Even if loans were promised, they were of no use.

"World Association Organization!"

"Damn it."

He cursed again.

Joining the World Association Organization, they were required to control the government’s non-Asia Dollar debt levels. If non-Asia Dollar debt expanded, Myanmar would directly cut off its loans.

It’s important to know.

These are annual loans with very low interest. And the European Union obviously can’t provide them annually, so in this respect, it’s far less attractive than the Asia Dollar.

Moreover.

It’s about the purpose.

Borrowing Euros.

Naturally.

Projects are meant to benefit EU companies, but there’s one problem, and that is expensive. Whether it’s import/export goods or projects, there’s no advantage at all.

Thus.

The situation becomes very awkward.

...

After the lobbyist left.

Manor.

Angke sneered. Now that the Asia Dollar is rising, regarding the Euro, particularly in the African market, and even in most countries, he simply wasn’t optimistic.

It’s important to know.

For non-developed countries, the main commodity trade isn’t high-tech stuff but mid-to-low-end commodities. For example, what Congo Gold urgently needs.

Is food.

Is low-end daily necessities.

Is large-scale infrastructure.

Obviously.

Using the Asia Dollar to buy these goods and services is more economical. It is backed by Huaxia, the world’s largest factory, with the best and fastest construction capabilities.

So.

Euro.

Dollar.

At this stage of development, what are they coming for? If it were before, he would have said: preservation of value, hard currency. No matter how he chose, he wouldn’t have chosen to save in Asia Dollars.

However.

Now it’s different. The forces behind him demanded it. Thus, the shift in alliances gave him full confidence in the Asia Dollar.

What he needed to do.

Was to follow orders.

Acquire companies, expand quickly, and play a bigger role. Just thinking about the forces behind him made Angke feel amazed, they’re really quite powerful.

Currently.

As far as he knows, on the African Continent, a large number of import/export companies, like him, were only merged with the support of these behind-the-scenes forces.

He’s not stupid.

Even though the behind-the-scenes forces didn’t say so.

But.

Just the fact that they so readily agreed makes it easy to associate the situation with themselves. It won’t be long before the Asia Dollar’s share reaches a new height.

...

End of July.

United States.

An authoritative institution released three reports in quick succession.

"In the first half of 2011, Myanmar-based enterprises accelerated global expansion, acquiring over ten thousand companies, mostly in import/export."

"In the first half of 2011, a large number of foreign trade enterprises abandoned the British Pound, Euro, and Dollar, turning to Asia Dollars, with totals exceeding one trillion."

"Warning! Asia Dollar Erosion!"

In the text.

Showing deep concern about Asia Dollar expansion.

At a glance.

Countries became lively.

...

United States.

"Again with the Asia Dollar? Are they trying to challenge the Euro?"

"Interesting."

"It seems the British Pound is completely out of the game."

"Haha."

"Support the Asia Dollar!"

"..."

For the American public, they really didn’t have much of a concept because the impact was minimal. No matter what, the position of the world’s dollar hegemony is unshakable.

Even.

There’s a touch of schadenfreude.

British Pound.

Euro.

They used to be adversaries. Although they are half-relatives, who cares. Interests are the rule, and watching them fall is quite amusing to everyone.

...

United Kingdom.

Seeing this data, they turned pale.

Damn!

What’s going on.

If they don’t pay attention, they’ll be completely left behind, and seeing the analysis in the report, the Asia Dollar’s share of trade payments has increased significantly since a month ago.

Utterly speechless.

Okay.

It seems they really need to pay more attention.

Downing Street.

Number Ten.

"Is there a way to turn the situation around?"

"No."

The economic advisor shook his head.

"Why?"

"These companies are largely members of the Myanmar Asia Chamber of Commerce acquisitions. As Myanmar-based enterprises, they have no reason to return to using the British Pound, they only recognize the Asia Dollar."

"As for those fence sitters, they were fed by the Myanmar Bank Group. For now, there’s no immediate possibility of returning to using foreign currencies."

"Also."

"Some that haven’t received benefits from the Myanmar Bank Group but are actively responding to seek favor can be strived for, but it’s very difficult."

"We don’t have enough money to compete."

"Previously."

"The European Union has also tried to control it, but the result was minimal, with almost no one buying it, even some Europeans with industries in various countries have turned their backs."

"In short."

"The situation is very troublesome."

"..."

After listening.

The President rubbed his head. Recently, things had become increasingly complex. The UK Brexit issue hadn’t been resolved when the British Pound crisis started emerging.

According to reason.

The Asia Dollar grabbed a share of payments, without the UK losing a penny, because in those transactions, the UK also wouldn’t earn a penny in service charges.

However.

A reduction in British Pound circulation would affect its status.

Unexpectedly.

Myanmar was acting so wildly, aggressively invading the currency payment market without a regard for them, which was indeed infuriating. Yet, they were helpless.

United Kingdom.

Was no longer the never-setting sun it once was.

Raising an arm and shouting.

The grandeur was gone.

They could only hope for the European Union and United States.

...

European Union.

Upon seeing this report, they snorted disdainfully, as if to say it wasn’t necessary. The report’s data wasn’t as thorough as the EU’s, after all, they have the Central Bank’s data.

The situation.

Is more troublesome than in the report.

Otherwise.

They wouldn’t have resorted to lobbying, personally stepping in to solve it. But the effect was minimal, with too many companies turning their backs and showing signs of accelerating.

After all.

These enterprises also have relevant partners.

If one changes.

Many around them would also follow suit, with the Asia Dollar’s generous, global-spending local tyrant approach, who knows how many companies rushed to embrace it.

If covert doesn’t work.

Then overt.

Three days later.

Early August.

Major EU media outlets began to exert their efforts one after another, stirring things up.

"It’s been four years since the appearance of the transcription fluid, and research work in various countries is gradually approaching the core areas of this technology."

"Therefore, the Asia Dollar is making its final struggle, trying to exploit its current advantage to plunder wealth before the transcription fluid is cracked."

"The large-scale acquisition by Myanmar-based enterprises proves this point, it’s their last madness, delusional in using the Asia Dollar they can casually print to usurp global resources."

"Beware!"

"Beware!"