Urban: I Am God

Chapter 331 So Brutal

Next, under the stunned gazes of everyone, the two sides who had been entangled with each other back and forth yesterday, completely changed their roles today.

The short seller seems to have taken the wrong medicine, or was stimulated by Mahat's declaration in the morning, and a series of short sellers kept falling! One by one, everyone in Malaysia's financial sector was terrified, but they had to bite the bullet and catch all the empty orders.

Because if they don't pick up, it means the exchange rate of the ringgit will plummet.

But even so, the exchange rate of the ringgit against the dollar is still falling because they are very reluctant now.

Everyone watched helplessly as their borrowed foreign exchange reserves continued to decrease. At the end of the morning, the trading volume between the two sides reached a terrifying $400 billion!

Everyone who saw this terrifying figure was stunned. Although this figure is due to the existence of leverage, the actual funds used may be tens of billions of dollars less than 100 billion US dollars.

But isn't tens of billions of dollars a lot? You must know that in a country like Malaysia, the foreign exchange reserves are only 100 billion US dollars!

This morning's trading volume has reached tens of billions of dollars! This means that almost all of a country's foreign exchange reserves are filled in in one morning!

And under such circumstances, the pressure on Malaysia is even greater, because their exchange rate is constantly falling, although because they have resisted the pressure, the rate of decline is not large, but don't forget, they are the long side, even if the exchange rate To drop a little bit, their margins all need to increase by a significant amount.

Especially with such a large amount of money now, this increased number seems to be the last straw that broke the camel's back, constantly accumulating on the dying camel's body.

When the market opened in the afternoon, just like the situation in the morning, it kept popping up, and all the empty orders kept pouring out. I don't know how many people were operating behind this.

It is impossible for others to intervene. At this time, the operation of tens of millions of dollars is completely useless. No matter how much or empty, as long as it is done, it will be instantly destroyed.

At least hundreds of millions of operations can be considered to last for a while.

Such a violent rhythm does not require any operations or skills at all. It's not like other people attacking a foreign exchange market or others, opening and closing positions at the same time, or shorting at the same time, and continuing to increase the chips in their hands.

And now the situation between the two sides is that one side is attacking frantically, and the other side can only be constantly defending.

Under such circumstances, under the desperate eyes of the head of Malaysia's financial sector, their foreign exchange reserves were finally exhausted when the market was closed for an hour! They have entered their last near-death moment!

And this is the result of Mahat and the others who have collected 20 billion US dollars from somewhere. In fact, the 20 billion US dollars was obtained by Mahat from his son Lockhard, the charity On the foundation's account, the money donated by the Guo family before.

No way, we must hold on at this time, at least today, otherwise, even if the money is in their account, it will be worthless to spend, if his political enemies really find a way to attack, and finally If they were to step down, Mahat would have no doubts that their family would spend the rest of their lives in prison.

These people will not give them any chance to escape.

So at this time, no matter how distressed you are, the money must be invested.

But even so, there is no chance at all! There is still an hour before the market closes, and their foreign exchange reserves will be directly exhausted.

After a quick report to Mahat, the head of Malaysia's financial sector had to give an order to forcibly liquidate the position.

The so-called forced liquidation is to directly close the position and stop the loss in the case of losing profits. To put it bluntly, it is to stop the bleeding. Forced liquidation can also get back some of the money, but if the position is liquidated, it means that everything will be lost!

But forcibly liquidating the position means releasing the other party's funds, but they can't do anything about it. The part of the funds that they forcibly liquidated did not stay to stop the bleeding, but continued to invest in other long orders. Drag it back and don't let the exchange rate collapse too much all of a sudden.

But under such circumstances, those international hot money are not fools, even if Hu Fei warned before, but now it is clear that they have a chance to harvest, the Malaysian government is already at the end of the shot, so these international hot money is naturally entering the market.

Under such circumstances, the head of Malaysia's financial sector was almost bleeding, but he had no choice but to keep doing this, while watching the balance of his account and watching Malaysia's foreign exchange reserves being bit by the enemy. Squeeze dry!

At the same time, he was a little fortunate that time finally came to an end in the process of consuming like this, minute by minute, and it was finally time to close the market!

At the moment when the market was closed, the person in charge slumped onto the chair~www.novelmt.com~ After a long time, he asked in a hoarse voice, "How much money do we have?"

"Currently we have less than $60 billion." His assistant said in a low tone.

The person in charge almost fell over with a black face in front of him, less than $60 billion? ! You must know that their foreign exchange reserves were close to 120 billion US dollars before, and later they borrowed 120 billion from Singapore and other countries, and then the president got close to 40 billion US dollars of foreign exchange reserves.

In other words, a total of 280 billion US dollars of foreign exchange reserves! In just one day, less than $60 billion left? The entire $220 billion was directly swallowed by the enemy? !

The image of Mahat at the moment is similar to that of the person in charge. He is also paralyzed on the chair. He never thought that the foreign exchange reserves of nearly 300 billion US dollars could not hold the other party!

Although this Hu Fei is the richest man in the world, isn't he only worth 200 billion US dollars? ! What the hell, Forbes, how did you guys investigate? $200 billion in assets? Where the **** did you tell me this money came from? Did it come out of nowhere? !

Mahat fell into a deep despair. Although he has two days to operate, what can he do in two days? Unless they get full assistance from China, other countries will have no way to save them, and it is impossible to save them. Which country dares to support another country with all its foreign exchange reserves?

Isn't their own foreign exchange market clearly a piece of fat cake, waiting to be eaten directly by the hungry wolves of the international financial speculators?

"Quick, ask Tian Ming to come over." After a long time, Mahat still made his own decision.