When a sizeable short position of 500 billion US dollars was placed, the exchange rate of the Huaxia currency plummeted by nearly 1,000 basis points in an instant. A 16% depreciation in a single day is a lethal blow to a huge economy like Huaxia!
"What's going on? What exactly is happening, who is attacking our currency market?"
"The Huaxia currency depreciated by 16% in just half an hour? How is the Shanghai Stock Exchange handling this?"
"I'm giving you an hour, stabilize the exchange rate immediately!"
The news quickly reached the higher-ups, and such an incident was no small matter. It immediately drew serious concern and could potentially lead to a repeat of the Venezuela situation.
"This absolutely can't be the work of a normal institution or international speculative capital. This is a targeted, organized, and disciplined attack against our economic market!" A determination was made right away regarding the situation.
