Rebirth: Super Banking System
Chapter 1314 - 1169

Chapter 1314: Chapter 1169

Noon.

Lu Sung and Lang Cai had their first meal together in half a year.

The two were old partners.

The distance between them.

Vanished in an instant.

After lunch.

They went fishing together for the afternoon, and Lu Sung was gradually adapting to this retired life, eagerly awaiting to see what kind of path Ling, who held the reigns of the stage, would ultimately take this land on.

If things got botched.

He wouldn’t accept it.

Couldn’t fight it.

But he still had the ability to scold.

...

Evening.

Eating the fish caught from the river, though lacking in culinary skill, they both enjoyed it thoroughly. Knowing that Lu Sung had come, Lang Cai’s daughter and son-in-law rushed over as well, and asked the same question as Lang Cai.

"Can’t tell you," Lu Sung said, smiling and shaking his head.

"Uncle Lu Sung, tell us what’s going on," Lang Cai’s eldest daughter said with a smile.

Hearing that.

Lu Sung felt a bit uncomfortable. You all are businessmen, always thinking about money. State secrets are not something you can just inquire about casually, he reluctantly said, "You’re trying to make it impossible for me to go out."

If he told.

Ling would definitely not let it slide.

Upon hearing this.

A flash of resentment crossed the face of Lang Cai’s eldest daughter.

"He wouldn’t dare, you are respected and hold high esteem, Ling wouldn’t treat you like that over this." She understood what being unable to leave meant; it wouldn’t involve prison, but it could mean house arrest.

"It’s hard to predict world affairs," Lu Sung shook his head.

"Don’t ask about this anymore. Your Uncle Lu Sung also has his difficulties. Besides, state secrets aren’t something you can just probe into. National affairs are national, family matters are family. You must distinguish them clearly in the future."

Lang Cai stopped his eldest daughter’s further questions.

Nation and family.

In the past.

It was his own indulgence that spoilt them, his power too great, confusing them about the distinctions. Now the situation is different, the stronger Ling becomes, the more he would anger certain powerful forces.

If they don’t restrain themselves.

Their family might very likely be used as a pawn.

"I understand, father," the eldest daughter muttered. In the past, she indeed thought Myanmar was theirs, but fortunes change quickly, and they were quickly becoming marginalized.

Although Ling was good to their family.

And also took care of their business.

However.

Distanced from the power center.

They couldn’t quite adjust to this flavor, and now, many of Ling’s new appointments were replacing the old guards nationwide, and their influence was diminishing.

For instance, last month.

Her car was ticketed.

It was parked a bit too long on the side of the road, and upon returning, she found a ticket. The car hadn’t changed, the number hadn’t changed, and yet someone dared to ticket her. She went directly to the head of the Public Security Bureau of the city.

She knew him.

He was the same one from before, but obviously, he no longer listened to their family. He still showed the respect due, but regarding the ticket, he also said there was nothing he could do.

The traffic violation wasn’t by traffic police.

But by surveillance.

The many surveillance cameras on the streets of the city would send video feeds to the main road command center of the Public Security Bureau, where an intelligent analysis system would determine any traffic violations.

Every violation.

Was recorded, and he had no control over it. Everyone was treated the same, but, the bureau chief said, within his authority, future traffic fines could be paid once a year.

She was stunned at the moment.

After all that.

You still want to fine me.

What frustrated her the most.

At the final check, her car had already committed over a dozen traffic violations this year, accumulating fines of 1700 Asia Dollars. An ordinary person would have definitely received a call from the Public Security Bureau, or even had their driving license revoked.

It took quite a while.

She indeed had privileges.

But.

This privilege.

It looked more like a satire than anything else. In the end, she could do nothing but storm out of the Public Security Bureau. And as for the money, wasn’t it mentioned that it could all be paid at the end of the year? So, she decided she would deal with it at the end of the year.

This was just one aspect.

In other aspects, she felt more and more that "once a person is gone, their influence cools." Ling looked after her business but didn’t provide significant support. Previously, the loans she obtained from domestic banks in Myanmar were substantial.

Now.

They needed to review the operating status of her company.

They also required collateral.

Particularly at Myanmar Bank.

The scrutiny was so intense; it was almost an investigation, and she had no choice but to seek loans from Myanmar Bank because it was the only legal institution for Asia Dollar loans—other domestic banks in Myanmar could not offer Asia Dollar loans to outsiders.

At this rate.

She felt.

The other domestic banks in Myanmar would get swallowed up by Myanmar Bank.

Eating the tasteless fish.

At that moment.

The news on the TV made her start.

"For the purpose of unifying the domestic currency, stabilizing market confidence, enhancing international competitiveness, and reducing illegal money concealment, the Myanmar Economic Development Committee proposed, and the Parliament passed, with President Ling signing off the authorization."

"By December 31st of this year, the gradual phasing out of the Myanmar Kyat will be completed. Until the deadline, Myanmar Bank Group and all major banks will facilitate the exchange of Kyat for Asia Dollars."

"To ensure the holder’s interests, the exchange rate will strictly follow what was announced by Myanmar Bank Group this morning; after the deadline, all major banks will stop their Myanmar Kyat exchange services."

"We hope everyone will inform each other. Localities, units, individuals with existing Myanmar Kyat accounts can complete exchanges on the official website of Myanmar Central Bank and at all major banks without any service charge. Up until August 31st, if it is the individual’s first bank card, the card fee will be waived."

"..."

Seeing this.

Lang Cai and Lu Sang both fell silent.

Finally.

Ling had decided to act on the Myanmar Kyat; previously, they thought the Myanmar Kyat could coexist with the Asia Dollar, or at least they would wait until the market lost confidence in the Myanmar Kyat before taking this step.

Unexpectedly.

This day had arrived so quickly.

Starting with the Myanmar Kyat.

They knew Ling was preparing to make big moves in the financial sector now, and soon it would be a combination of moves. Myanmar Bank, holding the issuance rights of Asia Dollars, would quickly become the Central Bank of Myanmar.

The other financial institutions in Myanmar.

Would all become subordinated to Myanmar Bank.

This day.

How long had Ling been plotting?

While they were all deep in thought.

Another significant piece of news appeared above.

"To improve the efficiency of fund circulation and utilization, expand investment channels for local capital, and widen the financing avenues for companies, today, the Myanmar Securities Supervision and Management Committee has been officially established."

"It will be responsible for drafting the ’Myanmar Securities Law’, regulating securities operations. At the beginning of next month, it will open applications for the first batch of companies seeking to go public, and on October 15th, the Myanmar Stock Market will officially launch."

"The first batch of companies going public will currently only include government and domestic enterprises; international enterprises are not yet eligible to apply. The documents needed for listing will be listed on the committee’s official website tomorrow."

"..."

A day.

Two major actions.

---Replacing the Myanmar Kyat with the Asia Dollar.

---Launching Myanmar’s stock market.

Truly.

...such boldness.

...

I won’t be able to update the day after tomorrow; it’s Chinese New Year, please understand. Everyone, feel free to leave comments on this Chapter, ranking the scenarios you like to read. I’ll consider adjusting the proportion of each scenario accordingly.

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