I Wore It Back After 60 Years

Chapter 262 Change
Teacher Qi took out the latest newspaper issued by the state.

The Huaxia Daily is higher-ranked and widely distributed than the Wutong City Morning Post. It is the mouthpiece of the country and is more deeply rooted in the hearts of the people.

He obviously heard Lin Xun's extreme remarks at the door, raised the newspaper in his hand, and continued: "Everyone don't have to worry about whether to eat imported grain. After research, the country plans to import 500 million tons of grain abroad. 8000 million U.S. dollars of Cuban sugar, the latest news just released, needs 40 million U.S. dollars. Because our country’s foreign exchange reserves are seriously insufficient, only 6000 million U.S. dollars, we plan to sell 4000 taels of gold on the basis of selling 5000 million taels of silver , [-] million taels of silver, the total value of the two is [-] million U.S. dollars. The balance of payments is still [-] million U.S. dollars, and we need to reduce imports or sell gold and silver materials to balance."

Many students did not understand what he said.

The country already has US$4000 million in foreign exchange reserves, and it sold gold and silver to get US$5000 million, which is obviously more than the foreign exchange reserves. Why is there still a shortfall of US$[-] million?

Li Xingxing understood.

Foreign exchange reserves cannot be traded domestically, and the balance is maintained by foreign exchange for export and import. Once imports exceed exports, this balance will be broken. She remembers that Zhao Haiyun said that this year, more than 200 million tons of grain will be exported and 500 million tons will be imported. Obviously Exceeding the total number of exports, let alone [-] million US dollars of Cuban sugar.

Teacher Qi continued: "In order to import a large amount of grain in a short period of time, our country decided to cancel the import of industrial equipment and cancel the original plan to export grain. Under tremendous political pressure, we chose to use the deferred payment method and pay 40 in advance. % of cash needs about 60 million US dollars, and the remaining [-]% needs to pay interest after the deferred return. Students, the country is already working hard to improve the food supply of our people, don’t we have to do our best?”

"Yes!" The students said in unison.

Teacher Qi showed a smile on his face, "After returning home from school, please tell your family members or neighbors, elders and villagers that if you have gold bars, silver dollars and jewelry in your hands, mobilize everyone to exchange them in the bank for cash, because the state There is an urgent need to exchange gold and silver for foreign exchange to buy food!"

Immediately, some students said: "My family seems to have silver dollars, Yuan Datou, dozens of dollars, they are all left over from before. When I get home, I will ask my grandpa to find them and take them to the bank for money."

"One silver dollar can be exchanged for one dollar in cash, and one tael of gold is 130 yuan." Teacher Qi said in a timely manner.

The students were very enthusiastic.

"Many families have Yuan Datou, right? My family also has one."

"When I was young, I remember that silver dollars were one or two cents more expensive than they are now. They are divided into Yuantou, Suntou, and miscellaneous brands. Different grades have different prices. Now they are all priced at one piece."

"Someone comes to collect silver dollars, and they only give ninety cents. It's better to go to the bank to change money!"

"The concubine of a warlord lives next door to my compound. She used to be rich in jewelry. She must have gold bars, silver dollars or gold and silver jewelry in her hands. When I get home, I will mobilize her to contribute to the country."

Li Xingxing did not participate in it, she looked at Teacher Qi in confusion.

If, if she remembers correctly, the matter of grain import and gold and silver export will be next year, and the meeting to decide this matter will be held at the end of this year.

So, history changed?
After school, Li Xingxing hurried home, went to his room and locked the door, found some materials he had read, and sure enough, he dug out the 60s import and export records to prove that his memory was correct.

Does the early import mean that the difficult period can end early?

Good thing!
Li Xingxing happily put the book back on the shelf, accidentally touched the traditional version of "Zi Zhi Tong Jian", fell to the ground, and a few sheets of paper floated from the pages.

what?
(End of this chapter)