Subsequently, Afang called several other major families. Their reactions were the same as Guo Bingxiang's: they all believed that the H country market would see a strong rebound after the International Monetary Fund intervened, so they did not intend to stop.
Chen Dong was just a partner with them; they didn't sign any substantive agreement.
Therefore, Chen Dong only offered reminders and suggestions to the four major families, and the four families were free to adopt or not adopt Chen Dong's suggestions.
Afang felt extremely regretful. Emotionally speaking, she absolutely believed in Chen Dong. If the Korean won still had room to depreciate, then the four major families' withdrawal now would undoubtedly leave a large portion of the spoils unresolved.
Regardless of the circumstances, the four major families made a lot of money cooperating with Chen Dong this time, so it's not a loss to stop now.
At the same time that Chen Dong bought a large number of short orders, the International Monetary Fund, the World Bank, the Asian Development Bank, the Federal Reserve, and other organizations also provided assistance to Country H.
They provided up to $57 billion in loans for the recovery of H country's financial markets.
However, handing over such a large sum of money to Country H is not entirely without conditions.
As required by the International Monetary Fund, after accepting this international aid, Country H had three hard conditions to meet.
The first condition is to slow down the rate of economic growth and further strengthen fiscal and monetary tightening.
In other words, Country H will raise interest rates as its current account deficit worsens.
Bank interest rates will be raised further to 18%, which is equivalent to an increase of at least 8%.
Such an aggressive interest rate adjustment policy is rare in the world.
If commercial banks in Hong Kong or Southeast Asia raise interest rates by such a high margin, they generally do so in at least 3 to 5 steps, taking up to a year or a year and a half to complete the entire interest rate increase plan.
However, in order to deal with the strong protests from stock market investors against the economic downturn and to quickly boost the H country's economy and restore its financial market, H country had to adopt a more aggressive strategy.
They managed to raise interest rates by 8% with just an administrative notice.
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