✔️Rebirth, I was a speculator in the 1980s

Chapter 431-440

Chapter 431

Even if Jiang Xiaoxi did not participate, Qiao Soo still successfully lobbied many Thai companies, coupled with international speculators, and finally formed a large-scale short-selling incident, and a large number of Thai baht were collectively run in a short period of time.

Thailand's economy is crumbling.

Sun Mingqi, who has been inspecting the market these days, is panicked.

The current real estate economy has dropped by 15%. He saw that his opponents were selling their houses like crazy, but the sales of Leah's apartment were still steady.

He anxiously reported to Jiang Xiaoxi, but was interrupted every time by Jiang Xiaoxi.

Jiang Xiaoxi knows the current situation best and does not need Sun Mingqi's report.

Sun Mingqi looked at the usually happy Thai people on the street, but now they were all running around with their heads down.

More and more people are facing bankruptcy, and there are fewer and fewer smiles on the faces of ordinary people.

Even the bustling entertainment venues in central Bangkok have become desolate now.

By May, Joso was out again.

He and most of the speculators he met together sold a large amount of Thai baht in a short period of time, which impacted the Thai baht exchange rate and caused the Thai baht to break through the prescribed exchange rate floating limit many times. The exchange rate suddenly dropped from 1:26.18 to 1:20. Seven, causing huge panic.

Xu Maorong saw the Thai baht drop in price instantly, and he began to worry: "Mr. Jiang, are we going to throw away the Thai baht in our hands?"

Jiang Xiaoxi shook his head and said, "If you don't want to throw it away, wait a little longer."

Jiang Xiaoxi knew very well that he still had to throw away the baht. If the Thai government does not reach its limit, they will use their foreign exchange reserves to raise the Thai baht exchange rate.

She waits until the Thai baht exchange rate rises before taking action. After all, it's worth making more money.

But Xu Maorong didn't know. He could only pray that Thailand's foreign exchange reserves could support Qiao Soo's attack this time.

Fortunately, Jiang Xiaoxi controlled the timing of this matter relatively well. As expected, the Bank of Thailand spent another 12 billion US dollars to continue to buy Thai baht to stabilize the exchange rate, and joined forces with Singapore to intervene in the foreign exchange market.

It also strictly prohibited all financial institutions in Thailand from lending Thai baht to foreign countries in any form. At the same time, the lending interest rate was increased a hundred times, from 10% to 1,000%.

Finally, at the end of May, Thailand's exchange rate finally remained at one to 25.2.

After the exchange rate stabilized, Jiang Xiaoxi began to plan to sell the Thai baht on a small scale.

As soon as she sold the Thai baht, she received a call from Qiao Suo: "Hey, Jiang, you are really smart."

Jiang Xiaoxi laughed and said, "Mr. Qiao Suo, my real estate is losing money now."

Qiao Suo said He said with a cry: "Miss Jiang, there is actually no difference in what we do."

Jiang Xiaoxi nodded in agreement: "Of course, no snowflake is innocent in an avalanche. Not only us, but also the Thai government."