Chapitre 94: Chapter 86: The Power of New Currency_1

The logic behind this mode took him some time to figure out, as counting money and such really racked his brain.

His arbitrage model was simple.

For example, the current international exchange rate from Euros to USD is 1 to 1.3668, whereas the system's adjusted exchange rate from RMB to USD is eight to one and from RMB to Euros is eleven to one.

He could open an account, or multiple accounts, in the international free foreign exchange market.

This would mitigate the risk of regulation.

If he had eleven million RMB, he could exchange a solid one million Euros through the system.

Then with this one million Euros, he could exchange it for 1.3668 million USD. And how to get it back into the system?

Simple.

Multiply it by eight, which gives him a total of ten million nine hundred thirty thousand...

And that's a loss of nearly seventy thousand RMB.

Heh.

Of course, no one would do such a business. Tang Qing wasn't a fool.

But what if he reversed the procedure?