In the Soviet Union, the Central Bank, the Savings Bank, the Construction Bank and the Foreign Trade Bank each performed their respective functions and firmly controlled the country's financial lifeline.
As the name suggests, a savings bank is naturally a bank that specializes in absorbing and dealing with the people's deposits.
The China Construction Bank was a financial institution that provided investment for industrial and mining enterprises, various large-scale public works, and some livelihood facilities in the Soviet Union.
The Central Bank, on the other hand, coordinates the corporate books of all enterprises in the country.
When a company sells goods to another domestic firm, the central bank only needs to revise the amount of money in the accounts of both firms.
This is the characteristic of a planned economy, in which the two companies do not see any cash.
Because in the USSR cash only had a fixed number of uses, such as paying the wages of the workers, etc.
The Foreign Trade Bank, controlled by Seryosha, managed all the financial problems of the Soviet Union's foreign trade.
Regardless of whether the enterprise in the USSR exported goods abroad, the payee was always the Foreign Trade Bank.
The foreign trade bank will hand over the foreign exchange received to the central bank on a quarterly basis, and then revise the funds on the accounts of the export enterprises according to the official exchange rate, and after the enterprises have made profits, because the money only exists in the accounts of the central bank, it can neither give bonuses to the workers, nor can it be used for other purposes, but can only buy raw materials or equipment for expanded reproduction.
For the long-term problem of the lack of cash on the part of the company, Seryosha is also helpless.
However, there is one thing that the Ministry of Foreign Trade and Economic Cooperation can do to help these enterprises, that is, the goods exchanged by Seryosha's Mediterranean Trading Company from abroad are not handed over to the state treasury, but are sold to some domestic supply and marketing companies.
Of course, Seryosha can also reward some imported goods to large income-generators such as the Volga car factory.
As a result, a large amount of profits appeared on the books of domestic enterprises of the Mediterranean Trading Company, which is subordinate to the Ministry of Foreign Trade and Economic Cooperation.
These profits were originally just numbers on the books, and in the past, they could only be exchanged for oil, electrolytic aluminum and other bulk goods to be exported to Glencore.
But now, because of Yeltsin's turmoil, Seryosha is expected to turn these figures into real cash that can be spent.
After getting Gorbachev's approval, Seryosha quickly contacted the Swiss side to provide Yeltsin with the corresponding funds.
Seryosha's Bank of Colombia took on the loan.
About $500 million soon came to the Foreign Trade Bank's account.
So far, this is the first step in Seryosha's funding plan.
Seryosha then needed to convert the money into rubles at the official price, which would probably turn into more than 600 million rubles at the official exchange rate.
This money was used by Yeltsin to pay the various construction teams of the workers' new city, as well as some supporting construction parties, and belonged to the category of wages, so it could be exchanged for cash on a monthly basis, and the cash obtained was the second part of Seryosha's plan.
Seryosha's VTB bank has a large amount of foreign exchange reserves, and with this part of the ruble cash, it can be converted into dollars at the official exchange rate.
In other words, Seryosha can get back his original $500 million at any time.
Because it is a cash exchange, these pairs of dollars are also cash.
Due to the high level of inflation in the Soviet Union, these dollars could be exchanged for more rubles on the black market than in state-owned banks, that is, Seryosha would sell them on the black market and exchange them for more rubles, which in turn could be exchanged for more dollars at the official price.
It's a snowballing business, and the reason for this is the huge exchange rate differential between private and state-owned banks.
This kind of thing is simply no secret to the bureaucracy in Moscow.
Many cadres who often go abroad for business know how to exchange their inexhaustible foreign exchange on the black market.
But there is no official like Seryosha who is in a position to engage in large-scale arbitrage.
Seryosha is familiar with this matter, because it is really similar to the behavior of the previous head account.
But the difference is that Seryosha is a supervisor, and he can steal without any risk.
In order to obtain more funds as soon as possible, Seryosha gathered those trustworthy hardcore subordinates within the Communist Youth League, as well as those businessmen who had the courage to open up and had active thinking in the Youth Science and Technology Cultural Center.
For example, Khodorkovsky, Berezovsky, Jimo Shenko and others quickly took action.
Seryosha handed over operations in the Leningrad region to Khodorkovsky, and Moscow became Berezovsky's territory.
And because Shenko was promoted to one of the leaders of the Ukrainian regional Youth League Committee, his business will spread throughout the Ukrainian region.
Seryosha even dragged Goldman, Minin and Nastya into the water.
In the past few years, the young people of the Youth Science and Technology Cultural Center have made a fortune, which has made many cadres who were originally keen on their careers turn their attention to the business field.
Seryosha's hand was not illegal, and because of the existence of the Youth Science and Technology Cultural Center, the Communist Youth League had unique conditions for doing business.
As for Yeltsin, because he did not know much about finance, he could only rely on the Housing and Public Utilities Bank led by Sobchak to help him manage the funds of the workers' new city.
Seryosha said hello to Sobchak, and Sobchak would naturally cooperate with Seryosha well.
In this way, Seryosha relied on his protégé and many years of business relationship, and finally was able to implement this series of plans safely and smoothly.
After Khodorkovsky and others got the dollars, they quickly found out that the money was really too profitable.
Since Seryosha only wanted dollars and did not dare to be interested in rubles or anything, Khodorkovsky had an extra heart.
He approached people who were planning to leave the Soviet Union and emigrate abroad, bought their jewelry, real estate, and cars at very low prices, and then sold them.
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In this way, although it is a little troublesome, he can make more profits.
In the name of going to foreign automobile production lines for the Volga Automobile Plant, Seryosha successively asked the Foreign Trade Bank to advance some deposits.
The recipients are all affiliated companies registered with Seryosha.
Because the purchase is engineering equipment and other things, there is a certain time difference in terms of delivery, after all, the automobile production line cannot be produced quickly.
Seryosha was going to make a financial reserve for his Japanese project, and the contract for the purchase of new production lines would be canceled as soon as Seryosha ran out of money, and Seryosha would naturally send the money back to the Soviet Union at that time. t1706231537: