Siheyuan starts from a better life

Chapter 1142 Arrangement 2
After Ye Lina and the others walked out, Jiang Yan turned his head and looked at Cheng Linwen who was sitting there.

"Hang Seng Bank's deposit interest rate should be raised a little bit more, and the rubles deposited there should be quickly converted into US dollars or turned into some value-preserving devices. The ruble is going to take a big dive next." Jiang Yan thought for a moment and spoke to Cheng Linwen.

A lot of information was revealed in it, and the reasons were attributed to his own analysis team. In fact, there are many reasons for the depreciation of the ruble.

After the collapse of the Mao Bear, Mao carried out large-scale economic system reforms, including transitioning to a market economy, implementing tight fiscal and monetary policies, and implementing privatization policies. These reform measures were called "shock therapy" and aimed to quickly transform the socialist economy into a capitalist economy. However, due to the lack of an effective transition mechanism and social preparation, these reforms led to serious economic chaos and inflation.

After the collapse of the bear market, the industrial structure of the country has not been significantly improved. Heavy industry, especially the energy and raw material production sectors, account for a large proportion of industrial output value, while the development of light industry and food industry is relatively lagging behind. This single industrial structure makes the economy vulnerable to fluctuations in the international market.

Moreover, since foreign exchange cannot be freely converted, black market transactions are prevalent. As more and more Russians go abroad to settle and travel, the demand for foreign exchange increases, resulting in the black market exchange rate being much higher than the official exchange rate. In order to combat black market transactions, the Russian government has been forced to adjust the official exchange rate several times, resulting in a significant drop in the actual purchasing power of the ruble3.

In summary, the reasons for the collapse of the bear market and the depreciation of the ruble are multifaceted, including the failure of economic system transformation, fiscal crisis, the decline in international oil prices, a single industrial structure, and the chaos in the foreign exchange market. The interaction of these factors ultimately led to the sharp depreciation of the ruble.

Since 1992, due to hyperinflation, prices in Russia have increased by a hundred times, with the annual inflation rate being 2510%. By 1, prices in Russia were about 1995 times that of 1990, with an alarming rate of inflation. The ruble-dollar exchange rate depreciated by 1700% in 1992, 93.6% in 1993, 89.7% in 1994, and 75% in 1995. GDP continued to shrink, production was sluggish, and people's living standards dropped sharply. Wages only increased by 61.2 to 1 times, while prices increased by 7 times.

That's why Jiang Yan asked Cheng Linwen to speed up the ability to transform rubles, otherwise the impact in the later stage would be too great.

"Okay, boss, I'll do it right away." When Cheng Linwen heard Jiang Yan's explanation, he couldn't sit still anymore. When he was about to stand up, he was held down by Jiang Yan.

"What's the hurry? Sit down. I have something else to do."

"So, we recently launched a commercial loan in our bank and set up a credit department. You can set the interest rate, but it can't be too high. We will use their houses as collateral to buy shops and only purchase shops that are auctioned. We will also send some people to participate in auctions and buy shops with good locations directly."

"Okay, boss, but how to apply for the commercial loan should be according to Hong Kong!" Cheng Linwen said.

Commercial loans are loans for buying houses in the future. In the real estate field, commercial loans refer to loans provided by financial institutions to enterprises or individuals for the purchase or development of real estate for commercial purposes. It is an important financing tool that provides financial support for enterprises and individuals to purchase commercial real estate or make commercial investments.

However, the commercial loan that Jiang Yan mentioned was a little different from that in later generations, so Jiang Yan explained his ideas in detail, talked about the needs of the Mao government, and asked them to come up with a plan as soon as possible. After all, the auction would last less than a week.

After Cheng Linwen left, only Aleph and Xu Damao were left in the office.

Jiang Yan did not have any requirements for Aleph. His only request was to expand sales and make connections. As for other matters of the Automobile Alliance, Jiang did not worry about them. He only got a small share of the profits anyway.

"Arov, once any senior engineers or senior workers leave the Volga Automobile Plant, find a way to get them to work for us. As long as it's not too outrageous to agree to it, we will support them even if there are no suitable jobs." Jiang Yan thought for a moment and spoke.

"Boss, are you planning to take action against the Volga factory?" Arov said excitedly.

"Yes, but it's not the right time yet. It's better to prepare early. However, you have to investigate the matter clearly." "Okay, boss, don't worry! I will keep a close eye on it." Arov said.

"There are only two of us investing this time, so be prepared." Jiang Yan then spoke again.

"Aren't you going to take them with you?" Arov asked, a little confused.

"Take it with you, but I can only give them hidden shares. I will arrange the accounts directly through the Swiss account. You don't have to worry about it. I will arrange everything clearly. You just need to keep an eye on the Volga Automobile Factory. This is a big piece of fat meat. I guess a lot of people are eyeing it." Jiang Yan spoke slowly while smoking a cigarette.

"Don't worry! Boss, I'll take care of it."

After receiving the task, Arov left Jiang Yan's room. At this time, only Jiang Yan and Xu Damao were left in the room.

"Old Wei, keep an eye on the door and don't let anyone disturb us." Jiang Yan said immediately.

When Old Wei heard Jiang Yan’s arrangement, he walked out directly.

"How's the situation in St. Petersburg? Have the supplies arrived?" Jiang Yan spoke immediately.

"There are about 5,000 tons of supplies. The government has basically opened up. Ukraine has 8,000 tons." Xu Damao said.

At this time, Xu Damao admired Jiang Yan very much. He had started planning for St. Petersburg and Ukraine very early. What he admired even more was that Jiang Yan was very accurate in judging people. Not to mention the president of Ukraine, no one would have thought that the first mayor of St. Petersburg was actually a university teacher.

With the help of the previous cold reception, Jiang Yan and his friends are now close friends with this person. Jiang Yan has also taken time to go to St. Petersburg several times, and the two of them have a very pleasant chat. However, the only thing that puzzled Xu Damao was that it seemed that Jiang Yan valued the help of Mayor Anatoly Vladimirovich more. As long as the request he made was not excessive, Jiang Yan basically agreed to it.

If Jiang Yan knew Xu Damao's idea, he would sneer. Who is Vladimirovich? He is the one who will be in charge of Damao in the future, and he is an absolute strong man. He pulled Damao back from the brink of danger. He is also the person who has been re-elected as president of Damao for the longest time. Even if Jiang Yan traveled through that time, he would still be the president.

It should be noted that after coming to power, he faced the disorderly state of power out of control and lawlessness in Russia. Restoring the unified executive power system of the Russian Federation and building a strong national regime were necessary conditions for Russia to get out of the political and economic crisis, maintain national unity, and restore its status as a world power.

In the economy, the "shock therapy" was quickly terminated, and a series of policies to stabilize the economy were promulgated, such as adjusting the privatization strategy, nationalizing strategic industries; improving the efficiency of state-owned asset management; curbing the monopoly and plunder of the national economy by oligarchs; promulgating land, financial, and labor bills; optimizing the business environment, and participating in WTO accession negotiations. These measures restored investors' confidence in the government authorities and economic prospects, and with the help of high oil prices, he further improved social welfare and increased workers' income, enabling Russia to once join the ranks of emerging high-growth countries and become one of the "BRICS countries".

Therefore, there is no harm in establishing a good relationship with this person, and it is also necessary to leave a way out for yourself.

(End of this chapter)