mijobooks Chapter 311
Chapter 311
Chapter 311 Funds have national boundaries
The domestic epidemic has basically ended, and most countries have also lifted entry restrictions on travelers from China. Chinese people who were worried that they would not be able to go abroad smoothly after returning home can finally return home with peace of mind.
Thus, a small peak of Chinese returning home began.
Emirates is a local tycoon airline located in Dubai, with new aircraft, good service and high fares. When Chen Ling came out of China, the company could not arrange to fly Emirates because the fare was expensive.
Nowadays, Chen has little and more money, so he doesn’t have to worry about air tickets. It was only after he checked in at the first-class counter with his passport and air ticket that he was told that there is no first-class lounge at the international airport in N’Djamena city, and that the local airlines can’t cook without rice, and apologize for this.
Chen Ling, who was planning to have lunch in the first-class waiting room, had to sit hungry in the stuffy waiting room. The temperature is high, the place is small, and there are many people. The smell in this terminal becomes strange. Chen Ling anesthetized himself and allowed his nostrils to adapt to the smell.
There are several Chinese people sitting not far away, perhaps because they can finally return to China. They are in a high mood, chatting and laughing constantly.
Chen Ling probably could hear that some of them are doing department stores, some are opening restaurants, some are doing engineering, and there is a person carrying a backpack who is supposed to do communication.
Department stores are complaining that Chadians charge indiscriminately and fines; restaurant owners complain that the local ingredients are not easy to buy, and many dishes can’t be made; engineering workers are complaining that local workers are lazy and stupid, and ten people can’t make up one. Chinese workers…Almost no one said that this country is good.
However, Chen Ling knew that they would all be back. Because their career is here, just like the mercenary Arnold.
The waiting time was not short, and the Chinese were chattering, and the content of the final chat slowly focused on a topic that everyone cared about.
How to bring money back to the country!
Ordinary businessmen purchase in RMB at home, and then send them abroad; when they are sold abroad, they receive local currency. This local currency cannot be directly exchanged with RMB, so they have to be exchanged for Euros or U.S. dollars and brought back to China, and then exchanged for them. RMB.
This circulation process faces many risks, such as exchange rate risk, exchange restriction risk and so on. Moreover, in order to avoid taxes and fees, many businessmen are unwilling to deal with it through the banking system, so the risk is even greater.
Obviously, the Chinese who are discussing this topic are discussing how to send the earned money back home more safely at the lowest cost without going through the banking system.
The currency in Chad is the Central African Franc (CFA). This currency is the official currency of the six countries of Equatorial Guinea, the Republic of Congo, Gabon, Cameroon, Chad, and the Central African Republic.
CFA was first linked to the French franc exchange rate, and 1 French franc is equal to 100 CFA francs. After the full use of the euro, the use of the French franc was stopped, and the ratio of the euro to the French franc was 1 euro = 6.55957 French francs, so there is a fixed exchange rate between the Central African franc and the euro, and 1 euro = 655.957 Central African francs.
The ability of the French to control the financial affairs of French-speaking African countries can be seen from this.
However, for the Chinese who do business, this fixed exchange rate is a good way to avoid exchange rate risks. In some countries with unstable currency exchange rates, the money earned over the years of hard work has depreciated sharply. It is not that this kind of thing happened before the liberation overnight.
However, like the countries where the Central African Franc is located, the Chadian government does not allow the free exchange of Euros or U.S. dollars. A large number of Central African Francs are in their hands, which is dead money for Chinese businessmen and cannot be transferred.
Therefore, how to send the earned money back to China is a major issue.
Chen Ling listened to them quietly.
When a person said that he had brought tens of thousands of dollars in cash with him and brought it back to his country, someone immediately said that he had seen someone found on the spot and all the tens of thousands of dollars in cash had been confiscated.
Another said that the most dangerous place is the safest. Put the foreign currency cash in the checked luggage, but the Chadian’s machine could not find it out. Another said that the camera that had been checked in was stolen at the airport.
The Chinese who did the project didn’t seem to have this worry, he proudly gave his own method. Buy good things from Chad back home, such as cotton and cottonseed oil. Chad’s cotton and cottonseed oil are produced in large quantities and are of good quality. They are purchased in CFA francs and then sent back to the country for sale. Not only are they exchanged for RMB, but they can also make a profit.
The young man with the backpack immediately asked a question: “You have exported Chad products, but you have not received foreign exchange on Chad’s account. How to deal with this?”
“Core competitiveness!” Those who do engineering are even more proud. “This is the core competitiveness. If others can’t do it, I can do it.”
Q&A for department stores: “How much can you do this way every year?”
“It depends on the demand. A few million euros will definitely be fine.” said the engineer.
The department store manager asked, “Then can you bring me a sum? I don’t have much, and it costs hundreds of thousands of dollars a year.”
The engineering guy smiled and said, “No problem, five points.” The engineering guy has already planned.
The so-called five points is to charge five percent of the fee, and five hundred dollars for ten thousand dollars.
“Such a high!” The restaurant owner was also listening. Hearing this number, I felt high.
“Brother, it’s only five points, zero risk. You can even give me Western France, I will give you Renminbi in China, according to the exchange rate of the day.” said the engineer. Chinese people are accustomed to speaking of the Central African Franc as Western France, which is a homonym of CFA, and some people mistakenly think it is the abbreviation of West African Franc.
The young man carrying a backpack envied: “This business is easy to do!”
The engineering guy smiled and said: “Of course, as long as you have enough strength.” He is not showing off. To do something similar to an underground bank, there must be sufficient liquidity in both Chad and the country, and timely exchanges can be guaranteed. Change it, or it’s easy to fall in your hand.
At this time, the announcement was announced that the plane was ready to board. The project engineer took out a few business cards from the bag and sent them to everyone, saying: “There are my phone numbers in Chad and China. If you need it, please contact me and turn it on 24 hours a day. Yes. The Chinese are outside, helping each other, everything is easy to discuss!”
He noticed that Chen Ling was on the side, and handed him a business card, saying, “I have a chance to work together to make a fortune!”
Chen Ling smiled and took the business card, and he was taken aback-Hongcheng Jiangong was printed on the business card!
The engineer found that Chen Ling’s expression changed, and asked, “Does the little brother know our company?”
“When I was in Algeria, I heard about your company and it did a great job. I heard you just now, did it do a lot in Chad?” Chen Ling said. Hongcheng Construction Engineering is now a construction partner of Chen Ling’s MOIN International, so Chen Ling is in the mood to talk about the situation of this company in other countries.
The engineering guy smiled and said: “Algeria is our main market, and our big boss is there to watch it personally. Chad is also okay, and there is always work. What does the little brother do?”
Chen Ling said, “I’m also doing engineering, and the company sent me to Africa on a business trip.”
“Which unit? Is there a project in Chad?” the engineer asked immediately.
“MOIN company, a small company, just came to Chad for a look, no project.”
Hearing that it was a little-known small unit, the project engineer immediately lost interest and said casually: “Be careful in Chad, it is very risky. Go, go in line.”
At this moment, a black woman wearing Emirates Airlines uniform came over, with a professional smile, and said to Chen Ling: “Mr. Chen, I am Julia from Emirates Airlines, assisting you on boarding. I can see Your passport and boarding pass?”.
Chen Ling handed her the passport and boarding pass.
Julia checked it quickly and said, “Mr. Chen, please come with me.” Chen Ling pulled up his luggage and prepared to board the plane. The engineering worker grabbed Julia and gave her the passport and boarding pass in his hand and said, “Me too, and me too.”
Julia glanced at the boarding pass in his hand and said with a smile: “Sorry, you are in economy class, please line up over there for boarding.”
“Why?” A few simple French words popped in the mouth of the project, but they were used very accurately.
“Mr. Chen is a first-class guest.” Julia laughed.
The engineer screamed, smiled awkwardly, waved to Chen Ling, “Chen, fortunately meeting! The journey goes smoothly!”