Chapter 79 Exchange Rates Accurate to Single Digits
Zhou Ming's words came to an abrupt end. Of course, it was not that Zhou Ming himself could not continue to say it, but that someone really couldn't listen. Nikolavic said to him: "Mr. Zhou Ming, I think you don't need to talk about these principles anymore, because since we are here today to discuss the issuance of the new ruble, we all know about the relevant situation of the ruble exchange rate.%."
As soon as Nikolavic finished speaking, Zhou Ming immediately asked him: "Why do you think what I said is nonsense?"
Nikolavic smiled: "Mr. Zhou Ming is talking about basic common sense about currency exchange rates, which is the basis for finance, but now it is very inappropriate."
Nikolavic's words were very tactful, but the meaning was self-evident. He believed that Zhou Ming was just talking nonsense. Except for Nikolavic, other Northern Russian officials sitting here also showed very disdain and contempt for Zhou Ming. Obviously, they also believed that Zhou Ming's words at this time were not at all good.
In the eyes of these Northern Russian officials, their initial view was indeed correct. The Chinese are Chinese, and his economic attainments were just like this. Although they could create some miracles, Zhou Ming's technique of using daily necessities to master rubles was also very powerful, but that was just his luck. The dead rat that the blind cat met. If he really wanted to tell him what he said, he had no choice but to say these nonsense and perfunctory things.
"It seems that Mr. Zhou Ming still doesn't understand some things," Nikolavic said. "What we need now is to calculate the value of the new ruble as soon as possible and set the exchange rate, rather than listening to you talk about these big principles that can be heard in all economic schools."
At this time, Tong Gang stood up and said to Nikolavic: "Hello, Mr. President, I am the chairman of the Port City Shipping Group. My name is Tong Gang. I wonder if I can say a few words?"
Nikolavic reached out to him and said, "Of course, I just don't know what kind of defense Mr. Tong Gang has?"
With a defense, Tong Gang directly set the tone for what Tong Gang had not spoken yet. Tong Gang also frowned, but he still said to Nikolavic: "I understand the purpose of Mr. President inviteing us here today. In fact, we also really hope that the new ruble can be issued as soon as possible. However, one thing is that any exchange rate has a certain calculation method, such as foreign exchange reserves, domestic economic development, and national purchasing power."
"We don't know about these because of the confidentiality of the country, whether it is me or Zhou Ming. So, under the lack of conditions, the President asked us to discuss the exchange rate directly. Isn't it a bit too difficult for us to talk about the exchange rate?" Tong Gang asked Nikolavic back.
"It seems that this is the way you Chinese think. If you don't know, you can just talk nonsense?"
Nikolavic nodded silently and set the tone for his words, then continued: "But this is also my negligence. Since Mr. Zhou Ming is the guest I invited, I can approve him to read some of the most basic archives..."
Before Nikolavic finished speaking, Zhou Ming said first: "North Russia's GDP is about 2 trillion US dollars, and its gold and foreign exchange reserves are about 100 billion US dollars. If it is just content that can be seen in newspapers outside, I think Mr. President will not have to show it to me again."
Hearing Zhou Ming's words, Nikolavic smiled again, and he said to Zhou Ming: "It seems that Mr. Zhou Ming is worthy of being a famous businessman from China, and his collection of this information is still very good."
There is no further explanation for Nikolavic's words. Zhou Ming shook his head gently and said, "Sir President, don't blame me for being a straightforward person. You and your team are really stingy. You want to set a solid new ruble exchange rate, but don't want to show others the real situation in China. I really don't understand what you are afraid of."
Zhou Ming's words obviously hit the hearts of these Northern Russian officials. Cassia, the president's general secretary, stood up and pointed at Zhou Ming's nose and said: "Mr. Zhou Ming, please pay attention to your words! This is the Mlin, not a place that can make you talk nonsense. Please maintain enough respect for the President in front of the President!"
With Cassia taking the lead in protecting Nikolavic's dignity, other senior officials in the North and Russia expressed dissatisfaction with Zhou Ming one by one, but compared to Cassia, their words were relatively more tactful.
"If someone else has this requirement, I think we will consider it. Just Mr. Zhou Ming, forget it. Compared to the arguments that can be heard at the University of Petrograd, we hope to hear something more practical. Otherwise, no matter how practical economic figures we give, it will have no effect. I wonder if you think so, Mr. Zhou Ming?"
Finally, Nikolavic himself stood up and said to Zhou Ming: "Mr. Zhou Ming, I invite you here because you are very capable. I really want to hear your opinion, but you are so disappointed to me now."
Faced with the sarcasm in the entire conference room, Zhou Ming still remained calm and said slowly: "Since the President has said that, I have to say that according to my calculations, I suggest that the exchange rate of the new ruble to the US dollar should be 327 to 1, that is, 327 rubles to 1 US dollar. Of course, it can be raised or decreased in detail. After all, in the market environment, the exchange rate is not static."
Zhou Ming continued: "I know the exchange rate is a bit low, but it is also because the economic situation in North Russia is currently in a downward stage. A slightly depreciation of the currency will help stimulate trade growth, stimulate the development of the country's economy, and be more conducive to economic recovery. I wonder what the President thinks?"
As Zhou Ming finished speaking, the entire conference room suddenly became silent. All the senior officials of North Russia, including North Russia President Nikolavic, looked at Zhou Ming in surprise, with disbelief on his face.
Looking at everyone's surprised expression, Zhou Ming was not in a hurry to speak, just supported the table with both hands, waiting for them to come back to their senses.
All the officials present at the North Russian Power Center, all have a certain psychological endurance, so it was only a moment of surprise that everyone came back to their senses. Nikolavic asked Zhou Ming: "Mr. Zhou Ming, how did you get this exchange rate?"
Zhou Ming shrugged intently and replied: "It's just relying on nonsense that is meaningless in your eyes and can be heard in any economics school."
This answer made everyone feel like they were slapped in the face. Fortunately, the ones who could sit here today were senior officials with profound qi cultivation skills. Otherwise, these people would blush at their contempt and ridicule for Zhou Ming just now, and wished they could find a crack in the ground on the spot.
The reason is very simple. Of course, it’s not that Zhou Ming said it wrong, but that he said it too accurately.
Today's economic conference revolves around the new ruble exchange rate. Before Zhou Ming came, the meeting had actually begun. At the previous meeting, the Prime Minister of Northern Russia had also informed everyone of the calculation results of the financial department. This result was what Zhou Ming said was 327 to 1, not more than one ruble, and not more than one ruble.
If Zhou Ming generally says it is more than 300 to one, then it can be said that he is a complete coincidence, but now Zhou Ming has accurately mentioned the single digits, which is difficult to explain by coincidence.
You should know that the number reported by the Prime Minister was calculated by many economic officials of the financial department after working together with the data from the statistical department overnight. Perhaps this number is not perfect and may not be used as the final data, but it is already the most scientific data. However, it has been revealed by Zhou Ming in one sentence. How can this not be surprising?
They simply couldn't understand how Zhou Ming calculated this number? There are a lot of data in it that only within the Northern Russian government knows!
As if he had guessed everyone's thoughts, Zhou Ming said at this time: "You don't have to doubt me. I am just an outside Chinese. I can't know the data within your government. However, I am actually doing business with all the Northern Russians. Maybe those are just daily necessities, but you really have the most accurate data, especially in the area of national purchasing power, I know better than you."
"In addition, Chairman Tong and I and Mr. Li entered the investment on the first day of the opening of the securities company. The previous decline in the ruble exchange rate also helped me."
Zhou Ming said: "I have participated in everything from the capital market to industrial operations, so I can calculate the true appearance of this country from these activities."
Northern Russian President Nikolavic was shocked, his chief of office Cassia was shocked, and the Prime Minister and all the senior Northern Russian officials present were deeply shocked by Zhou Ming's words at this moment!
oh.my.gad!
This is the only sentence that everyone can think of at this time. At this time, they can only use this sentence to express their feelings. There is no other reason. This is really Zhou Ming is so evil.
It is not impossible to infer the real situation of a country through the sales of daily necessities and the direction of the capital market, but the variables are too big and difficult to grasp. After all, every transaction may be random, and there are also the result of deliberately guiding by the state. If Zhou Ming told them in advance that they could calculate the new ruble exchange rate in this way, they would definitely laugh at him as a fantasy, but now they can only worship him.
Could it be that this Chinese man has a head that surpasses Einstein? Otherwise, how could he calculate such a weird thing?
Everyone felt messy because of this, and even someone secretly pinched themselves, trying to wake up from this incredible to absurd dream, but the result was of course impossible.
Looking at the scene where everyone was shocked by themselves, Zhou Ming raised his lips and breathed a sigh of relief in secret, because the reason why he could tell the exchange rate was not because of how powerful his calculation ability was, but because he knew it.
(Preview of red envelopes: send red envelopes during the Lantern Festival! I will send a little first tomorrow, and send a little more during the Lantern Festival. Everyone is welcome to grab red envelopes! Here is a small square film to wish you all good luck and joy in the New Year!)
Chapter completed!