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At the beginning of 2008, the exchange rate between South Korean Won and US Dollar was set at 933 Won per US Dollar.
At the same time, the exchange rate between South Korean Won and US Dollar was still as high as 8: 1.
Although Lijian Province repeatedly asked South Xia Won to appreciate, South Xia Won simply ignored them.
Don't think that the appreciation of South Xia Won is a good phenomenon. Everything has its pros and cons. Appreciation will also bring about a series of troubles, especially for South Xia Won. As a country with labor-intensive enterprises, if South Xia Won appreciated easily, it will have a disastrous impact.
As a developed country, if South Korean Won appreciates, the advantages will outweigh the disadvantages.
However, South Korean Won is always on the path of depreciation, and it's going further and further away.
South Korea's local time, February 15th, 11 AM.
The KOSPI 200 Index dropped to 840 points, which is the biggest drop in 8 years, and it continues to drop.
Since South Korea has given up on the stock market, the KOSPI 200 Index was not temporarily suspended and was allowed to develop freely.
When the KOSPI 200 Index dropped to 700 points, a large number of international hot money began to flee.
These financial giants enjoyed a sumptuous feast in South Korea, wantonly humiliating the country, and left without any sense of guilt.
However, these financial giants did not really leave. They continued to wander around the periphery of South Korea, waiting for a new round of feast.
In the international financial market, the news released by Mu Shuang did not make the real financial giants believe it.
However, Mu Shuang did not want them to believe it, but to release a signal that they want to attack South Korea's exchange rate market. Is anyone interested?
The current situation of South Korea is very bad, so the financial giants are naturally interested in attacking South Korea's exchange rate system.
However, no one wants to be the first to attack, lest the government of South Korea harms them.
The financial giants know very well that South Korea can give up the stock market, but they will never give up the exchange rate market.
Therefore, the first financial giant to attack South Korea's exchange rate market is very likely to be attacked by the river crab.
In the face of such a situation, all the financial giants are waiting. They are waiting for someone to make a move first.
Mu Shuang's expression changed slightly when she noticed the situation.
If this situation was allowed to continue, perhaps the attack on the exchange rate market of the South Dynasty would be delayed until it was canceled.
After all, some of the international hot money had already made a lot of money. They couldn't continue to take risks.
Although international hot money loved to make huge profits in a short period of time, they didn't want to take any risks at all. They preferred to make profits without losses.
But how could a business that was guaranteed to be profitable be so easy?
"Izur, help me contact Shi Lei!"
Mu Shuang ordered Izur to contact Shi Lei because Shi Lei didn't seem to be awake yet.
A moment later, Shi Lei's voice came from the LIP lens information processor. "Shuangshuang, what's the matter?"
Mu Shuang explained the situation and then said anxiously, "Shi Lei, if we don't break this stalemate, this attack on the Southland's exchange rate system will most likely fail.
What should we do? "
Shi Lei thought for a moment. "Shuangshuang, if we attack the exchange rate market of the South Dynasty first, how long will it take for the international hot money to follow?"
Mu Shuang frowned and thought. "Those international hot money definitely won't follow immediately. They will observe the situation.
Shi Lei, this method won't work. Our capital is only 9 billion USD, and with the 5.4 billion USD we made, we only have a total of 14.4 billion USD. If we put it into the South Korea's exchange rate market, the South Korea's National Bank only needs a wave to make all our funds disappear. "
Shi Lei sighed. "These damn international hot money!
What if we were to organize them? "
"If all the international hot money unite, it won't be a big problem to break the exchange rate system of the South Dynasty.
But the current situation is that some of the international hot money is unwilling to take the risk. They made a lot of money in the stock market and are ready to retreat at any time! "Mu Shuang said helplessly.
"Let's try to get Izur to set up a communication platform and see what the other international hot money managers think. Let's see if we can reach a consensus!" Shi Lei proposed a temporary solution.
Mu Shuang rejected it. "Shi Lei, this method is basically impossible.
The international hot money is very secretive. It's impossible for the international hot money managers to enter the communication platform we set up to discuss. "
Actually, there was another reason that Mu Shuang did not mention.
Many of the international hot money had questionable identities. It was very likely that they were the shadow funds of the national forces. How could they risk exposing their identities to talk to Shi Lei?
It was rumored that there were financial geniuses in every country who manipulated their foreign exchange reserves to stir up trouble in the international market. This was definitely not a joke. It was real information.
Just when Shi Lei and Mu Shuang were at their wits' end, Izur suddenly sent a voice notification.
"Sir, three hundred billion USD has entered the South Dynasty's exchange rate market." Izur's notification was a concurrent project, which meant that it notified Mu Shuang at the same time.
Mu Shuang was overjoyed. "Shi Lei, a super big shot is making a move. Let's take a look at the situation!"
A super big shot was a giant in the international hot money market. For example, the international hot money that made a move this time was a giant that controlled three hundred billion USD.
This three hundred billion USD must be controlled by an international hot money fund. Otherwise, they would not dare to make a move.
If it was a joint organization, if there were any fluctuations in the exchange rate market and one of the organizations retreated, wouldn't it be a scam to the others?
Therefore, only a unified voice would dare to rush into the South Dynasty's exchange rate market.
At the same time, they would gain the most profits.
In the face of three hundred billion USD, no matter how powerful the South Dynasty was, it was impossible to eliminate such a huge amount of money in an instant.
With the entry of three hundred billion USD, a gap opened in the South Dynasty's exchange rate market. The international hot money army that was waiting outside finally stopped hesitating and rushed into this new feast.
Mu Shuang did not hesitate either. She manipulated 14.4 billion USD and also entered the South Dynasty's exchange rate market.
In the exchange rate market, she chose to devalue the South Korean won.
Currently, the exchange rate between the South Korean won and Lijian Province's USD was maintained at 940: 1.
When the three hundred billion USD entered the exchange rate market and devalued, the exchange rate between the South Korean won and the USD dropped to 965: 1.
The South Dynasty's government quickly intervened and tried to recover the risk in the exchange rate market. However, a large number of international hot money did not get enough benefits in the first round of the feast. How could they be satisfied?
In the second round of the feast, these international hot money giants who did not get enough benefits confidently attacked the South Dynasty's exchange rate system when they had enough partners.
10: 40 am in the South Dynasty's time.
11: 40 am in the South Dynasty's time.
The South Dynasty's exchange rate system was severely attacked. So far, in less than half an hour, the amount of international hot money that entered the South Dynasty's exchange rate market had exceeded 800 billion USD, and it was still increasing rapidly.
Shi Lei checked Izur's feedback and was shocked. Even though Shi Lei had seen a lot of things and had a lot of experience, he was still a little shocked.
In the face of hundreds of billions of USD, or even trillions of USD, Shi Lei was still shocked.
The exchange rate between the South Korean won and Lijian Province's USD had fallen to 1,280: 1.
In less than half an hour, the exchange rate had fallen to 36%!
Some of the South Dynasty's citizens might think that the appreciation of the South Dynasty's currency will bring about a series of negative effects. But for ordinary people, the benefits of the appreciation outweighed the disadvantages.
If the South Dynasty's currency really depreciates, it will bring a lot of trouble to ordinary people.
For example, this time, the South Korean won had fallen by 36%.
What does this mean?
For example, 20,000 South Korean won could buy 100 eggs imported from Europe. But after the South Korean won depreciated by 36%, 20,000 South Korean won could only buy 64 eggs.
The value of the other 36 eggs had been invisibly depreciated.
The wealth of the South Dynasty's citizens would quickly shrink along with the South Korean won's depreciation. The price of various daily necessities would rise rapidly, and it might even cause rapid inflation.
"Shuangshuang, how much will the South Korean won fall in the end?" Shi Lei asked curiously.
Mu Shuang replied quickly, "I don't know for now. It depends on how many international hot money are involved.
Okay, I'm a little busy now. You can watch the show by yourself. "
Shi Lei didn't disturb Mu Shuang anymore. Instead, he checked the source of the funds entering the South Dynasty's exchange rate market, trying to find out the identity of one or two international hot money investors.
However, after a while, Shi Lei didn't find the source of the funds and identity of the international hot money investors. Instead, he found that the hackers from Mr. Xia and Voisin were also active in this financial feast.
The hackers also seemed to be extracting wealth. Even if the wealth was very small, they had become the beneficiaries of the South Dynasty's exchange rate market's plummeting.
Faced with such a situation, the South Dynasty's hacker community had no way to stop it.
The South Dynasty's hacker community was still trying to find a way to deal with the Mouth of Darkness!
February 15th, Nanchao Nation, 2 PM local time.
It corresponded to Mr. Xia's time, 1 pm.
Mu Shuang only ate a little lunch in a hurry. Then, she continued to pay attention to the South Dynasty's exchange rate market. This time, Mirui Technology Group had invested 14.4 billion USD to create hype. Mu Shuang didn't want to lose everything.
Fortunately, the current results were very good.
However, the South Dynasty's government was also doing its best to fight back!
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