Urban: I Am God

Chapter 331 So Cruel

Next, under the stunned gaze of everyone, the two parties who were constantly entangled with each other back and forth yesterday completely changed their roles today.

The short sellers seem to have taken the wrong medicine, or were stimulated by Mahat’s declaration in the morning, and a series of short selling orders kept dropping! Everyone in the financial sector in Malaysia was frightened by the orders one by one, but they had to bite the bullet and catch all these empty orders.

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

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

Everyone was watching their borrowed foreign exchange reserves dwindle. At the end of the morning, the transaction volume between the two parties reached a terrifying 400 billion US dollars!

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

But aren't tens of billions of dollars a lot? You must know that the foreign exchange reserves of countries like Malaysia are only 100 billion U.S. dollars!

The turnover rate of this morning's trading volume reached tens of billions of dollars! This means that almost all of a country's foreign exchange reserves have been filled in in one morning!

Moreover, under such circumstances, the pressure on Malaysia is even greater, because their exchange rate is constantly falling. Although they have resisted the pressure, the rate of decline is not large, but don't forget that they are the long side. Even if the exchange rate Drop a little bit, and their margin needs to increase by a considerable amount.

Especially with such a large amount now, this increased number is like the last straw that broke the camel's back, and it keeps adding up on this dying camel.

When the market opened in the afternoon, it was exactly the same as in the morning, and all the empty orders kept pouring out. It is unknown how many people are operating behind this.

It is no longer possible for other people to intervene. At this time, the operation of tens of millions of dollars is basically useless. No matter how much or how little, as long as it is done, it will be killed in seconds.

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

Such a violent rhythm does not require any operation or skill at all. It's not like other people attack a foreign exchange market or other things, building positions while closing positions, or shorting while still going long, constantly pulling up the chips in their hands.

But now the situation of the two sides is that one side is madly attacking, and the other side can only be constantly defending.

Under such circumstances, under the desperate eyes of the heads of the Malaysian financial sector, their foreign exchange reserves were finally depleted with an hour before the market closed! They entered their final dying moments!

Moreover, this is the result of Mahat and the others raising 20 billion U.S. dollars from some unknown source. In fact, the 20 billion U.S. dollars was obtained by Mahat from his son Lockhard, that is, the charity In the foundation's account, the money donated by the Guo family before.

No way, we have to hold on at this time, at least today, otherwise, even if the money is in their account, they will have money to spend. If his political opponents really find a way to attack, they will eventually If they were to step down, Mahat would have no doubts, and the family would probably 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 it is, 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 are directly exhausted.

After a quick report to Mahat,

The head of Malaysia's financial sector had to issue an order to forcibly close positions.

The so-called forced liquidation is to directly close the position and stop the loss when you lose your profit. To put it bluntly, it means to stop the bleeding. You can get back part of the money by forcefully closing the position, but if the position is liquidated, it means losing everything!

But forcibly liquidating the position means releasing the other party's funds, but they can't do anything about it. They don't keep the part of the funds forcibly liquidating the position to stop the bleeding, but keep investing them in other long orders, and try to spend as much time as possible. Drag it back, don't let the exchange rate collapse too much all at once.

But under such circumstances, those international hot money are not fools. Even with Hu Fei’s previous warning, it is now clear that they have a chance to harvest. The Malaysian government is already at the end of its strength, so these international hot money naturally entered the market.

Under such circumstances, the person in charge of Malaysia's financial sector is almost bleeding, but there is also no other way but to continue such operations, while looking at the balance of his own account, watching Malaysia's foreign exchange reserves being bit by bit by the enemy. Squeeze dry!

At the same time, he was a little thankful that time was finally being consumed in this way, and every minute and every second came to an end, and it was finally time to close the market!

The moment the market was closed, the person in charge slumped onto the chair. It took him a long time to ask hoarsely, "How much money do we have?"

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

The person in charge was blinded and almost fell over, less than 60 billion US dollars? ! You know, their previous foreign exchange reserves were close to 120 billion U.S. dollars, and later they borrowed 120 billion U.S. dollars from Singapore and other countries, and then the president brought over nearly 40 billion U.S. dollars in foreign exchange reserves.

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

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

Although this Hu Fei is the richest man in the world, isn't he only worth 200 billion U.S. dollars? ! Fuck, how did you investigate Forbes? $200 billion in assets? You fucking tell me, where did the money come from? Made it out of thin air? !

Mahat fell into deep despair. Although he had two days to operate, what could he do in those two days? Unless they receive full assistance from China, other countries will not be able to save them at all, 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 turning into a fat cake, waiting to be eaten directly by the hungry wolves of the international financial speculators?

"Quickly, please come here with Ambassador Bai Ming." After a long time, Mahat still made his own decision.