Bulgarian Empire

Ferdinand cherishes feathers, even if it is to win the right to mint coins and strengthen economic control over the government, he will never take the lead!

If Ferdinand's prestige is used to force it through, even this time he has no selfish motives. One day in the future, people will also interpret a lot of conspiracy theories, which is not conducive to the rule of his descendants!

For this kind of thing, it is more appropriate for a private company like Union Bank to come forward. Although it is only a vest, Union Bank also represents half of the business community in Bulgaria!

Moreover, private banks have the right to mint coins, which is not news at all in Europe, and everyone is used to it.

"Mr. Victor, this matter involves a lot of issues. I can't answer you right now! But I want to know how much gold your bank can take out as a reserve this time? It's very important!" Kennedy said seriously

Obviously, in his heart, Kennedy has accepted this proposal. As long as the United Bank can really come up with enough gold, it is not impossible to let them join in!

Victor thought for a while and said: "Within one month, Union Bank can take out ten tons of gold, within six months we can take out 20 tons of gold, and within one year we can raise more than 30 tons of gold, basically the same as the current government The gold reserve is equivalent!"

That's right, the gold reserves in Union Bank are less than ten tons, but that doesn't stop Victor from bragging about it! As a businessman, when you talk about business, you naturally have to raise your price!

As for whether United Bank can produce so much gold, Victor is not sure, but the boss behind has already made a promise, so he dares to say it.

After being the manager of the United Bank for so long, Victor can roughly infer that there must be a big force behind the United Bank, and he is not so curious about which force.

After hearing Victor's words, Kennedy was shocked. If Victor said before: "Take out the same royal gold reserve as the government", he still didn't believe it, but now he really believes it!

At least ten tons of gold are stored in the Union Bank, otherwise Victor would not dare to make any promises!

The government of Bulgaria is very powerful. If they dare to deceive the government, even if the United Bank has a strong background, they will not be able to afford it. At least Victor, the president, will be in bad luck!

Kennedy expressed admiration, and said expectantly: "Mr. Victor is amazing. I have seen it. Union Bank has become one of the three major banks in Bulgaria in just a few years. It is not without reason. , Your Excellency's ability really impresses me!

In contrast, the National Bank of Bulgaria is far behind! Now, on behalf of the Ministry of Finance of Bulgaria, I would like to extend an invitation to you. I hope that Mr. Victor will be the Governor of the National Bank of Bulgaria. What is your intention? "

Victor suddenly froze, what kind of operation is this? It was originally about business, but now it has turned into poaching?

However, judging by Kennedy's expression, it didn't seem like he was telling a lie. Is the position of Governor of the National Bank of Bulgaria attractive?

For the previous Victor, there must have been some, but now that he has become the president of Union Bank, he is not so keen on that position anymore!

"Thank you Mr. Kennedy for your kindness, I'm sorry! I am very happy at Union Bank and have no plans to change jobs!" Victor shook his head and refused.

Kennedy sighed, and tried hard to say: "Your Excellency is worried about the internal control of Union Bank! You can rest assured that this time the government has decided to deal with them severely!

If you serve as the president, the Ministry of Finance can authorize you to handle all the affairs of the bank, even if you fire all the current employees! "

Victor's eyes lighted up, but then fell down again.

The National Bank of Bulgaria does have many advantages. If he is the president, the restructuring of the system will bring new vitality to this old bank in no time!

It's a pity that government enterprises, especially established enterprises, have too many bad things in them! It is definitely not a matter of a day or two to get smooth.

Rather than intrigue with people every day, it is better to work comfortably in Union Bank!

"Sorry, my ability is limited, and I really can't help the National Bank!" Victor thought for a while and said

Kennedy smiled awkwardly, and said, "It's hard work! The problem of the National Bank of Bulgaria has not been a day or two. Even though the government has rectified it twice, it still hasn't changed much!

Well, let's continue our previous topic!

Regarding the issue of Union Bank's participation in currency issuance, it has exceeded the scope of my authority to decide, and it is not something I can decide alone!

After I go back, I will hold a meeting of the Ministry of Finance. If it is passed, it will be reported to the cabinet before the final decision can be made!

However, I think Mr. Victor can prepare gold, even if the cabinet cannot pass it, we are willing to pay a high price to buy it! "

...

After seeing off the Chancellor of the Exchequer Kennedy, Victor had a smile on his face, and he knew that the matter was almost done.

For the Bulgarian government, as long as it is enough to meet the domestic currency circulation, it is not unacceptable to distribute part of the minting rights.

There are already many such examples in the world. Just think about the Federal Reserve. The Americans simply separated the right to issue currency from the government!

Of course, it doesn’t matter if international capital participates. No country is willing to have foreign forces participate in its own currency issuance. The current Greece is a negative example. After the currency collapsed, it had to ask the big powers to restore the value of the currency, so that the financial power was completely controlled by the European powers!

Kennedy went straight back to the Treasury Department and called an emergency meeting without going to the Royal Bank.

With the current size of Bulgaria's economy, even if it issues another billion levs, the market can easily digest it!

But the gold reserves required for this are simply not what the Bulgarian government can solve now, even if the Royal Bank is added, it is not enough!

Only the combination of the three major banks in Bulgaria can barely solve it! If Union Bank hadn't joined in, there would have been a huge gold gap!

"I went to Union Bank just now, and they have much more gold reserves than we expected, at least ten tons of reserves!

If they were given time, within a year, they could even raise thirty tons of gold!

But they also put forward conditions, Union Bank wants to join in the currency issue! "

As soon as Kennedy's words fell, everyone was shocked. They did not expect the Union Bank of China to have such a strong strength. From this, it can be deduced that the gold reserves of the Royal Bank are definitely not low!

The Director of the Currency Department's complexion darkened. This is definitely not good news for him! If Union Bank is on board, Royal Bank is sure to be on board too.

With the addition of two shareholders, the rights of the Currency Division will definitely be restricted by then! But now the bureaucrats in Bulgaria have not been completely corrupted, and he did not directly oppose it for the sake of his rights!

After calmly thinking about it, the Director of the Currency Department unexpectedly said: "I have no objection to the joining of Union Bank, but the right to issue currency must be firmly in the hands of the government! Is there any way to ensure that Union Bank will not be Capital holdings?"

Kennedy was taken aback for a moment, but then realized that the Bulgarian government had no choice at all.

Instead of letting foreign currency occupy the Bulgarian market, it is better to teach your own people to control it, at least the minting government can control it!

That being the case, there is no need to oppose Union Bank's entry into currency issuance. On the contrary, it is even more important to ensure that Union Bank is infiltrated by international capital!

Of course, no one mentioned the Royal Bank. The strength of the Ferdinand family is unquestionable, and they don't think any international force can control the Royal Bank!

At this time, the director of the taxation department said: "To ensure the purity of Union Bank, we can restrict it by introducing laws.

For example: prohibit all banks with foreign capital background, plus currency issuance! Or directly restrict international capital from investing in Union Bank! "

After thinking about it for a while, Kennedy said bluntly, "Okay, if no one else has any other proposals, we'll just vote on it! Now our time is very tight, and we don't have much time to discuss slowly!"

...

The result is self-evident, I have no better way, and usually everyone will not object, this is also the characteristic of Bulgarian bureaucrats!

Qingliu who oppose for the sake of opposition have no place in the Bulgarian government! Now you can oppose any decision of the government, the prerequisite is - you can come up with a better strategy to solve the problem!

This is also the atmosphere Ferdinand has been trying to create. Anyone in the government who has a better strategy can propose it. Even if the cabinet has already made a resolution, it can be modified!

This kind of thing happens a lot, and everyone is used to it. Anyway, if there is a more suitable method, it has become the norm of the Bulgarian government. This is the case from top to bottom, and there is nothing to be ashamed of!

Kennedy's efficiency was very high, and he was approved by the Treasury Department on the same day. The next day, it was submitted to the cabinet for deliberation, and in the evening, the proposal had already been delivered to Ferdinand!

Of course, there are also a bunch of restrictions on joining the bank, such as: participating banks prohibit all international capital from entering the board of directors; participating banks have equity transactions that exceed 1%, and must be reviewed by the Ministry of Finance...

Ferdinand looked at it and found nothing wrong, so he signed his name on the proposal, and the famous "Federal Reserve Bank" was born in this way!

The specific participants have not yet been finalized, but now Bulgaria has the strength to participate. Except for the United Bank and the Royal Bank, the local financial institutions have not become successful. This kind of big scene is not something they can participate in!