By the time the press conference was held, the 300-seat conference room was already filled with journalists from all over the world, almost all of whom had been assigned by their own media to be based in New Tuvalu.
When Li Daniu walked onto the rostrum, the reporters on the scene all raised their hands and wanted to ask questions.
"I'm sorry."
Li Daniu smiled and said, "The time for questions has not yet arrived, and it will be time to ask questions after I have finished announcing the relevant information of the Royal Bank of New Tuvalu." ” Many reporters immediately lowered their raised hands, took out relevant equipment, and prepared to start recording.
"The Royal Bank of New Tuvalu, a bank jointly controlled by the New Tuvalu Royal Family and the New Tuvalu Government, is not a state-owned bank or a private bank. ” So what is the nature of it?
"The Royal Bank of New Tuvalu has the authority to issue legal tender in New Tuvalu under the New Tuvalu Coinage Act."
Who doesn't know that the government of New Tuvalu is up to you "In accordance with the relevant provisions of the New Tuvalu Currency Act, in the short term, the legal tender of New Tuvalu, which is the exchange rate of the Singapore Currency to the outside world, will be regulated by our New Tuvalu Government.
At present, the exchange rate of the Singapore currency against the US dollar set by our government is 1 to 1, and the exchange rate of other countries' legal tender will be used as a reference, but it will not be a complete reference."
Are you new Tuvalu ready to let this currency circulate only in New Tuvalu?
When Li Daniu introduced the relevant information of the Royal Bank of New Tuvalu, the reporters in the audience began to complain frantically in their hearts.
However, even though these reporters had many doubts, none of them dared to ignore the order of the venue and interrupt Li Daniu's speech.
In New Tuvalu, disrespecting the king is not a trivial crime.
None of these journalists would be unaware of the causes of previous diplomatic incidents in Tuvalu and Japan.
After Li Daniu announced that it was time to ask questions, all the reporters raised their hands in unison.
A reporter who was called up asked: "Your Majesty, I am a journalist, may I ask how much of the shares of the Royal Bank of New Tuvalu are owned by your royal family and the government?"
Although we all know that the current government of New Tuvalu is the final say of Li Daniu, the king of New Tuvalu, this issue is still worth paying attention to.
Because so far, the royal family of New Tuvalu is only Li Daniu, and many people have expected that if Li Daniu has any accidents, then the government of New Tuvalu will be completely independent.
"This is a trade secret, so it is not convenient for the Royal Bank of Tuvalu to disclose it when it has no intention of raising funds or going public."
Before the reporter was about to ask, Li Daniu ordered another reporter.
"Your Majesty, as we all know, the legal value of the circulation of money depends on the economic strength of the country represented by the issuer, and what is used as a guarantee for the currency issued by your country?
Li Daniu replied: "That's why we set up the Royal Bank of Tuvalu, where the royal family, which I represent, guarantees the currency when the government does not have the corresponding economic power base.
In addition to our significant gold reserves, we will also bring ownership of all the land, infrastructure and buildings that I own in New Tuvalu into the Royal Bank. ” Hearing Li Daniu's explanation, many reporters finally understood why he just said that the composition of the shares of the Royal Bank of New Tuvalu was a trade secret.
Obviously, after Li Daniu has taken out so many industries, the government that is poor and completely dependent on Li Daniu's support to maintain itself will definitely occupy very few shares.
Even, if the amount of debt that the new Tuvalu government currently owes to Li Da Niu, the shares owned by the government will definitely be mortgaged to Li Da Niu in some way.
Many reporters can't help but wonder why the government has to say that the government also owns a certain amount of shares, if this is the case It's just to put on a nice layer of clothes Another reporter asked: "Your Majesty, at present, the vast majority of international exchange rates are determined in accordance with market rules.
Will your country's mandatory exchange rate of the Singapore dollar cause other countries to refuse to recognize it?"
"As you said, there are rules in the market."
Li Daniu said: "Whether the international market will recognize the new currency, then leave it to the market to verify." ” Li Daniu is not worried about this, in fact, it is not for nothing that the state forcibly sets the exchange rate with the currencies of other countries when issuing currencies.
Many countries, including Huaxia, have had relevant policies, which are commonly known as official prices.
"Your Majesty, I have just noticed that after applying for a new card, the citizens of your country have directly received the equivalent of Singapore dollars in US dollars, which is the living allowance for citizens of New Tuvalu that you stipulated earlier."
A reporter asked this question that many people are concerned about, saying: "So, how can you guarantee that the promised $3,000 a month living allowance will have the same purchasing power when converted into the same amount of Singapore dollars?"
"I want to make it clear that this policy of exchanging dollars for Singapore currency is not mandatory."
Li Daniu explained: "If there are citizens who don't like the Singapore dollar, they can receive the same amount of US dollars.
Or, in other words, the Singapore dollar is exchanged for US dollars at the official exchange rate.
In this way, there will be no change in purchasing power abroad at all. ” "In terms of purchasing power in our country, our newly established price bureau will carry out a pricing plan based on the purchasing power of the US dollar for all commodities on the market.
In addition, if you buy with Singapore currency, you can get a certain amount of discount, so you don't need to worry about your purchasing power in our country. ” "Also, I would like to say that the US dollar can also depreciate, and the exchange rate of the Singapore dollar against the US dollar cannot be static.
Let the market verify all this. ” Another reporter got up and asked: "Your Majesty, what is the amount of the first currency issued in your country?"
"The amount of the first batch of currency is S$2 billion."
Printed money is not the same as numbers in a bank.
The annual GDP of the United States is more than 10 trillion US dollars, but the US dollars in circulation in the global market are only hundreds of billions of US dollars.
With the current population and spending power of New Tuvalu, S$2 billion in real money is more than enough.
"Your Majesty, as we all know, almost all banks that have the right to issue currency are not involved in foreign business, and the Royal Bank of your country wants to break this rule?"
Li Daniu laughed and said, "In view of our national conditions in New Tuvalu, we can only take the road of New Tuvalu's characteristics.
Since there are no other countries that are similar to ours, what you are saying is not a regular practice. ” After answering a lot of questions, Rao Yi is Li Daniu's current physical fitness, and his mouth is also a little dry.
But there was no one else in New Tuvalu who could host the press conference other than him.
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Neither the current Governor of the Royal Bank nor the Prime Minister Burns can fully represent the Government of New Tuvalu and the Royal Bank.
After the press conference, many reporters went back to catch up with the manuscript.
Li Daniu, on the other hand, started a new round of online televised speeches, once again conveying the message of the Royal Bank of New Tuvalu to all citizens of New Tuvalu.
For those foreign immigrants who were already panicked after getting the news, Li Daniu's online TV speech was tantamount to giving them a shot in the arm.
You can exchange it for dollars at any time, and you can get a certain degree of preferential treatment with the same purchasing power as the dollar.
This is simply their Majesty the King, once again giving them benefits.
Back in his office, Li Daniu asked: "How did the citizens react to the new currency?"
Burns replied: "According to the relevant information, the vast majority of citizens are very supportive of our preferential policies.
After all, if they want to get a government score, they need time to slow down.
However, if you use Singapore dollars, you can add points to different degrees according to the amount of consumption. ” t1706231537: