<h4>Chapter 474: Chapter 386 Actual Issuance (Seeking Subscription!)_1</h4><h4></h4>


    June 1st.


    The entire afternoon.


    People from all over the territory lined up with their ID cards to apply for bank cards. Half did so voluntarily and the other half were forced to do so. The voluntary group included ordinary citizens, while the forced group consisted of the territory’s soldiers, workers, traders, and civil servants. Previously, Tang Qing hadn’t considered establishing a bank here, hence he did not use thebined method of having ID cards and bank cards in one.


    Even if such a system existed, Tang Qing would not n to use it. The reason is simple: to rify the process.


    For example, if abined card was lost, how would it be reissued?


    What would you use to prove your identity?


    You can’t just rely on appearances.


    The household registration management system adopted throughout the territory is simr to that in the domestic regime, with collective household booklets formed by families, then those who are 16 years old can apply for personal ID cards.


    If a bank card is lost, it can be reissued with an ID card, and if an ID card is lost, it can be reissued with a household registration booklet.


    If everything isbined into one, the loss and reissuance may cause many problems, unless using a more advanced and perfect identification method. However, for such a small ce within the territory, if face recognition, DNA, fingerprints all need to be used, it would be too troublesome, especially considering it was only the year 2005. There was no need for such high-end stuff.


    It might as well be like in the domestic regime, where an ID card is just an ID card, a card that identifies identity, and other cards, if lost, can be reissued with an ID card. Thebination of these, although technically feasible, could potentially cause many business problems.


    Unless one day there is a kind of recognition device imnted into humans, which cannot be lost, Tang Qing finally decided to follow the domestic mature model.


    At night.


    In the Command Room.


    This afternoon, Tang Qing took his two cousins to the park for the entire afternoon, and they had a great time. ying all kinds of games with them repeatedly. Though his mental age was already approaching that of a middle-aged man, it didn’t diminish his yful heart.


    As soon as he entered the Command Room, Tang Qing quickly asked, "Tang Yi, how many bank cards were issued today?" He had been waiting all afternoon without paying attention to this matter, just to see if he could be pleasantly surprised.


    "Commander, up to now, a total of 15,412 Myanmar Bank cards have been issued. Among them are...." Tang Yi gave a figure that did surprise Tang Qing. Over 15,000, which was a half more than his bottom line. Tang Yi also introduced the make-up of these bank cardholders.


    It turned out that the soldiers sent to various viges had issued nearly 4,000 bank cards. While the figure seems small, considering it was in a vige setting, typically only the head of each family would exchange various currencies and apply for a card, and many were still observing the situation. Unlike in Li Sheng’s vige where basically every family, all descendants of Chinese, had applied for one. As such, over 4,000 was not a small number as it represented 4,000 families.


    In addition to the viges, there were also the workers at various construction sites who had lined up andpleted their applications. Their numbers surpassed that of the vige by a considerable amount, reaching over 6,000. In a vige, only one head of a family need apply, but for the workers, as long as they were employed, they were required to apply for a card, which would be used as the card for wage payments. Future wage distribution would also be made via bank transfer, with no cash to be given.


    Adding the number of bank cards already processed by all the soldiers, more than 3,000, resulted in the total number of bank cards issued on the first day exceeding 15,000, which basically covered the vast majority of families within the territory.


    The remaining growth space was notrge.


    In Tang Qing’s estimation, throughout the whole territory, even a monthter, the number of bank cards issued would just barely reach 20,000. There was no other way. The poption within the territory was just over a hundred thousand, tranting to less than 20,000 families. The base number was fixed, there was no further breakthrough.


    The result of currency recycling was also beyond Tang Qing’s expectation.


    Since the conference in the morning, the vige heads, though granted the option, hadn’t forced their vigers to exchange for Asia Dors, but there was no choice for the traders. Ling had dered that they must unconditionally ept the purchasing power of the Asia Dor and not refuse it. The funds for the construction projects allocated from the top down were also in Asia Dors, as were taxes. Hence, those traders all obediently went to apply for the cards.


    So.


    The entire day.


    The soldiers had exchanged more than thirty billion Asia Dors, amounting to exactly 32 billion Asia Dors, equivalent to 32 billion RMB. While it was only one percent of the 300 billion issuance size from the task, this was already a good start, wasn’t it?


    All the exchanged dors, yens, etc., were confiscated by the Currency Clearing Center and stored in its asset statistics area, like the several tons of gold and silver inside, to serve as a guarantee for the issuance of Asia Dors and future trade settlements. These funds were avable for Tang Qing to use at will.


    This is the advantage of credit money.


    If it was the past, the United States used gold as the issuing guarantee for the dor, how much gold there was determined how many dors could be issued. Anyone holding a dor could go to the bank to exchange for the corresponding amount of gold, hence the gold in the bank, whether it belonged to the bank or the nation, couldn’t be used freely, as it was already owned, and the owner was anyone who held dors.


    But credit money is different as it’s backed by the nation’s credit and the entire nation’s assets. How much are the nation’s assets? They’re vast, and there’s no need to show you. When you take money to the bank, the nation will not tell you what this money was created with. Therefore, in the era of credit money, the nation can print money to spend, because its assets are vast, and its credit standing is high.


    In other words, whoever controls these coterals can control the coteralized assets.


    In his territory.


    All of it belongs to Tang Qing, therefore he can freely control the money realized from these assets.


    Before obtaining recognition from a country with a GDP exceeding fifty billion US dors as a foreign exchange reserve, the Asia Dor can’t be used to buy goods in the mall. This is one of the reasons why Tang Qing wants to find Myanmar Bank, as long as Myanmar agrees to the status of the Asia Dor, he can directly use Asia Dor to purchase goods in the mall and also exchange for robots.


    All the Asia Dors exchanged today are backed by the total assets in the territory. The initial total estimated assets of Tang Qing in the territory were 9.556 trillion RMB.


    What is that multiplied by three percent?


    286.68 billion RMB.


    That is to say, the issuance of assets in the territory alone is close to 30 billion Asia Dors.


    inly said, Tang Qing can cash out almost 30 billion Asia Dors to spend; it’s quite cool, plenty, and powerful, but the real situation is: it’s not significantly useful.


    What can he do even if these funds are realized? There’s really nowhere to use it. It can only be invested in the territory, because other ces do not recognize this currency.


    Without international purchasing power, the Asia Dor is worthless, no matter how much is printed. The currencies of various countries worth more than 3 billion RMB that Tang Qing collected today are the real assets he cashed out which can be used freely and spent entirely.


    But Tang Qing doesn’t n to do this. Damn, these are ’foreign exchange reserves.’ If they’re all spent, his territory will face an impasse in foreign trade settlements. What will everyone do then, stare nkly?


    This is nonsense.


    Even if Tang Qing wants to vigorously develop the economy in his territory and export high-tech products in the future, where will the raw materialse from? The territory doesn’t have the capacity to supply all industrial raw materials, such as rare earths and other precious metals. You have to buy from outside, especially when the Asia Dor is not yet epted by all raw material supplying countries or business organizations, other currencies must be reserved.


    ying alone won’t work.


    These ’foreign exchange’ currencies worth more than 3 billion RMB will probably be spent in less than a month, mainly for buying mall equipment and for settling trade with Wangsa, and eventer, for purchasing industrial raw materials. He may need to chip in more money. The harvest season is still far away.


    Now, only over 3 billion Asia Dors have been issued. In the next month, adding wages and various construction allocations, if the total actual issuance of currency can exceed 10 billion Asia Dors, Tang Qing will be pleased.


    If Tang Qing wants to issue more Asia Dors, it’s not impossible. He could double workers’ wages directly, but the immediate result might be a doubling of prices in the territory. Not only would those who previously exchanged Asia Dors suffer losses, but the expected exchange rate of the Asia Dor in the currency clearing center might fall to half of the RMB. In that case, he would need to issue 600 billion Asia Dors toplete the task.


    This is just ridiculous.


    Therefore, Tang Qing believes that the territory needs to deepen in two directions to increase the issuance of Asia Dors.


    The first direction: as it is now, Tang Qing currently has too much avable issuance, over 30 billion. The territory can’t absorb so many Asia Dors at present, so, to avoid intion, it’s necessary to increase the supply of goods, create jobs, confiscate foreign currencies and limit cirction, expand the domestic economic scale, tap domestic demand, create demand, and other internal work.


    The second direction: is to support majorpanies within the territory, mainly the high-tech industries under the Myanmar Bank Group, to expand foreign trade,rge-scale imports and exports, and even make the Asia Dor be a regional settlement currency. This is outward work.


    Progress needs to be made in both directions.


    Otherwise, the actual issuance of the Asia Dor can’t breakthrough.


    Tang Qing is also speechless about this. Suddenly, he began to doubt his actions. Is this starting a bank? It’s like building a small country, considering everything and being cautious about this and that.


    But on second thought, he doesn’t have that manyints.


    If, as the system said earlier, he bought a bank step by step then slowly yed with deposits, loans, collections, etc. Although it’s simple and can be called a banker, the development potential is limited, and it’s too monotonous. Lending and collecting really doesn’t have much technical content.


    Unlike now, he’sying out an entire industry. This is a significant leap in terms of personal development and vision. The influence gained from future sess will also be much more significant.


    Not to mention, if the Asia Dor gets the qualification for ’foreign exchange reserves’ in the future, the assets in the territory will definitely be more and more, and more valuable. At that time,rge-scale bank mergers are also possible.


    How much cash he can use at that time?


    Hundreds of billions?


    Even trillions should be achievable.


    PS: This is the first Chapter, it was a little difficult to write. Please excuse any mistakes.