At that time, Wujiang Group only needs to make a small concession so that the German government can buy the East German marks in its hands at a low price, not at a 1:1 exchange rate, but even at a 1:2 or 1:3 exchange rate.
In this way, the German government will actually be grateful to the Wujiang Group.
Zhao Ye picked up the phone, dialed a number, and issued an order to exchange East German marks.
...
At this time, East Germany's economy was in decline, the East German mark was depreciating, and East German banks and other financial institutions were severely lacking in US dollars.
Wujiang's offer of an olive branch at this moment caused a sensation.
"Is this news true or false? Wujiang Group wants to exchange US dollars for East German marks?" Leonard Whit, the president of an East German bank, asked excitedly and suspiciously.
"The news is absolutely true. We have confirmed with Wujiang Group, and they do indeed intend to exchange US dollars for East German marks!" the secretary replied confidently.
Leonard Whit was still puzzled: "Why would Wujiang Group exchange US dollars for East German marks? It's unbelievable!"
Anyone with even a basic understanding of East Germany knows that its economic decline was difficult to reverse, and therefore the East German mark would remain in a state of depreciation for a long time.
In other words, exchanging US dollars for East German marks now would definitely result in a loss.
Is Wujiang Group doing business at a loss?
The secretary shook his head, indicating he didn't know, then offered his own assessment: "Perhaps Wujiang Group plans to invest in East Germany, which is why they exchanged a large number of East German marks..."
"Perhaps."
Leonard Whit wasn't dwelling on why Wujiang Group wanted to exchange US dollars for East German marks; he was thinking about how to secure Wujiang Group's cooperation.
At this time, many powerful figures in East Germany were also interested in the Wujiang Group's exchange of US dollars for East German marks.
With US dollars, one can transfer assets abroad.
As the saying goes, "A cunning rabbit has three burrows."
This awareness wasn't unique to Chinese people; East Germans also shared it.
However, East Germany had very little foreign exchange reserves.
Therefore, even if they wanted to exchange for US dollars, it would be difficult for them to do so on a large scale.
Now, to their utter surprise, Wujiang Group has actually handed them this opportunity.
Before long, someone found Wang Lei, the representative of Wujiang Group in East Germany, and expressed their intention to cooperate with great "sincerity".
“My boss plans to exchange $50 million with Wujiang Group at the black market price. I wonder if you guys would agree?” A middle-aged man in a suit and tie, with a mysterious background, asked.
"Who is your boss?" Wang Lei asked.
"You don't need to know who my boss is... Anyway, all your Wujiang Group needs are East German marks, which my boss can provide!"
Wang Lei roughly guessed who the other party was, so he directly refused, saying, "I'm sorry, Wujiang Group is a legitimate company, and we will only exchange East German marks through legal channels!"
The mysterious man frowned and said, "The black market price will double the profit. Isn't your Wujiang Group tempted?"
Wang Lei shook his head and said, "I'm not tempted. It's better to stick to the proper procedures. This small profit is nothing compared to the reputation of Wujiang Group. If this matter is exposed, it won't just be a loss of one or two hundred million US dollars..."
Seeing Wang Lei's firm tone, the mysterious man backed down, stood up and said goodbye, "Alright, I've disturbed you enough, I'll take my leave now!"
Wang Lei stood up and said, "Okay, sir, take care. I won't see you off."
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