Chapter 188 Black Market Price of Foreign Exchange Notes
The day after the exam, Chen Xia ran to the appliance counter of the largest department store in the provincial capital alone. Now that there are more people in the family, there are more things to do, Chen Xia wants to buy some appliances back.
"Comrade, I want to buy two color TVs."
"No."
"Then give me two refrigerators."
"No."
“Is there a washing machine?”
"No."
Chen Xia became popular: "Damn, you have nothing, what department store do you open?"
The salesperson was also sarcastic when he spoke, rolled his eyes and said:
"Oh, we can't open a department store anymore. You are so rich and capable, why don't you buy it at the Friendship Store? Then you have the ability and can't buy anything with foreign exchange coupons. Why don't you come to us to find something?"
"you……"
"You, don't come here to pretend to be a capitalist, stay wherever you are cool. It's really true, you're looking for trouble if you have nothing to do."
Chen Xia was angry. The customer is God. Have you learned to serve the people? Why are salesmen more fierce than customers?
Well, it’s just a friendship store or a foreign exchange coupon. I have the US dollar, so go now.
The so-called "friendship shop" is a special product of a special era. It is only available in big cities and is all state-owned stores.
In the 1960s and 1970s, it started to serve only foreigners and diplomats. Later, with the beginning of reform and opening up, the number of overseas Chinese and compatriots from Hong Kong, Macao and Taiwan returned to their hometowns, and gradually it became more and more important to Chinese people with foreign exchange coupons who could also buy goods.
Of course, this Chinese is not an ordinary Chinese. It is not necessarily rich or not, but it is definitely "expensive". Almost all those who can get foreign exchange coupons to consume are mainly second generations.
At this time, all the things sold in the Friendship Store were the most intimate things in China at that time, such as home appliances, food, handicrafts, and even antiques, and you can even take them abroad for invoices.
At the same time, some foreign imported goods are also sold. Because they are exclusive monopoly and are expensive, they are often affordable only those foreigners and domestic "prime people".
The key point is that you don’t need tickets to buy things in the Friendship Store. This is very important. You need to take the exam in history class.
Chen Xia called a tricycle in anger, "Master, go to the Friendship Store."
When the tricycle driver heard that he went to the Friendship Store, he looked back at Chen Xia and said, "Young man, Lin'an is not called Friendship Store, but overseas Chinese store. Ordinary people can't get in. They need foreign exchange coupons for everything they buy."
Chen Xia was stunned when she heard this, thinking that she almost forgot that Friendship Store cannot buy goods directly with US dollars, and needs to go to the bank to exchange it first.
But if the official exchange rate is used to exchange it, it would be too much of a loss. In 1981, the exchange rate stipulated by the state was 1 US dollar to be converted into RMB 1.8.
It is estimated that this exchange rate is too dark and no one is willing to exchange foreign exchange, so he adopts a "floating exchange rate". When making a foreign exchange, it can be exchanged for 2.7 yuan.
However, for citizens who know how to do business, the exchange rate is still too low, so they usually choose to trade on the black market, and they can completely exchange for more.
However, at this time, the black market basically exchanged RMB for US dollars, and no one was willing to exchange US dollars for RMB or foreign exchange coupons, so the exchange rate of the US dollar has already been given sky-high prices on the black market.
Back on the tricycle.
Chen Xia glanced at the tricycle driver and thought that if such a person who often traveled around the world asked this question, he must have his purpose, so he asked tentatively: "Master, do you have a way to get foreign exchange coupons?"
The tricycle driver looked around and replied softly: "My cousin can do it."
Well, Chen Xia was very happy when he met a scalper. The scalper's service attitude was much better than that of the salesmen in the department store. He would rather spend more time and energy than look at the cold butts of the salesmen in the department store.
"Sure, then I'll go find your cousin."
The cousin of the tricycle driver was squatting not far from Lin'an Overseas Chinese Store, watching people coming and going vigilantly.
People in this industry must have a good vision and see which customers are real customers and which policemen are fishing. Otherwise, they will be caught without a joke, but they will need labor reform.
At this time, he saw his cousin coming on a tricycle and was still winking at him along the way. He immediately understood that he had brought customers again, so he quickly flashed into an alley and the tricycle followed in.
"Huzi, this young comrade wants to buy some foreign exchange coupons."
The scalper named Hu Zi asked with a smile: "I wonder if this young comrade intends to trade in US dollars and Hong Kong dollars, or in RMB?"
Chen Xia asked strangely: "Is there any difference?"
"That's right. If we trade in RMB, we usually exchange 3 yuan for 1 yuan for foreign exchange coupons. If we trade in US dollars, we exchange 1 yuan for 5 yuan for foreign exchange coupons."
Chen Xia didn't understand, "I said, the price is wrong. Why is it so much more expensive to exchange RMB for, and how can it be so much cheaper to exchange US dollars for?"
"Hey, this guy doesn't know anything. Now there are more and more people going abroad to study abroad. Before these people left, they had to change their homes to US dollars, so now the US dollar is relatively scarce and the price has also increased. You know our business, so you can make a difference."
Chen Xia was not polite either, "Then I will use US dollars. I will exchange for a foreign exchange coupon of US$2,000 first. Do you have one?"
In this era of shortage of foreign exchange, you have to exchange the US dollar, at least 5 yuan, and at most 10 yuan, to exchange it for 1 US dollar.
On the other hand, if the black market is $2,000, it will be 10,000 or 20,000 yuan, but in this era, a household with a 10,000 yuan can be used in newspapers.
Even if Hu Zi saw each other well, he was scared at first sight, "Some, some, but you have to wait, we have to get together a few brothers."
Half an hour later, the transaction between the two parties was completed, and Chen Xia received a foreign exchange coupon of 10,000 yuan. The $2,000 scalper was sold to people who were in urgent need of going abroad, and he could make a lot of money.
There are not many Chinese people who can take out so many dollars in one go these days. Nowadays, a few scalpers see Chen Xia as if they are a human-shaped money printing machine.
"This little comrade, I wonder if you still have US dollars in your hands? It's easy to discuss the price."
Chen Xia's eyes turned, "There is no US dollar, but I can get food. Does the big brother behind you have the ability to eat it?"
He still has 200,000 kilograms of rice in his hand. He was originally going to Nanyun Province to exchange jade, but the last grain of rice was not sold.
Those who dared to be a foreign exchange scalper in 1981 are definitely not simple people, they are all very good at hand, so Chen Xia wanted to try whether he could ship some rice.
Hu Zi was obviously a little shocked, but his good psychological quality immediately stabilized him. "I wonder how much rice this young comrade has on his hands and how to collect the price?"
"There is a lot of food, I'm afraid you can't eat it. The price is easy to say. A ton of 700 yuan, and I have 100 tons of goods on my hands, all of which are good local rice. Of course, the more you want, the cheaper I will be."
Chapter completed!