Chapter 318 Kolo Shilling

 At 9:30 pm on August 27, in the men's 110-meter hurdles final of the Athens Olympics, the sprinter Liu Xiang from China won the gold medal with a time of 12.91 seconds.

  This result tied the world record set by British athlete Colin Jackson in 1993 and broke the Olympic record of 12.95 seconds.

  At this time, not many people in the world paid attention to what was happening on the small island near the island country of Cyprus.

  Even in Cyprus, it was only mentioned in the news that on the island called Solanna, the residence of entrepreneur and philanthropist Louis Lafayette was suspected to have been attacked by unknown armed forces. Several people, including Lafayette, were missing. The police found several wreckages on the island, but because the entire island's buildings were engulfed in fire, it was difficult to get more information...

  Don't expect that twenty years from now, when you search for information about Cyprus online, you will see all kinds of articles about how it has the lowest crime rate, is friendly to Chinese people, and is suitable for immigration…

  If you pay closer attention, you will find that those who write these are all "immigration agents".

  These people, in order to make money, dare to exaggerate Ah San into a paradise on earth...

  At least in Cyprus at this time, there are still occasional conflicts between South Cyprus and North Cyprus, and the public security is not good.

  Ultimately, the matter of Solanna Island came to nothing, and even this result was largely due to the promotion of certain "big shots".

  After all, although it was a pity that there was one less place to "have fun", Lafayette's disappearance also made many people feel relieved - it was not a good feeling to have someone hold a handle on you, just like Epstein who "committed suicide" in prison later...

  …

  Louis Lafayette is dead.

  He was killed by Mikhail himself.

  Mikhail himself was very familiar with the situation on Solana Island. With his help, Lafayette's men had no power to resist the fully armed elite troops.

  After finding Louis Lafayette and killing him personally, Mikhail and his men left Solana Island with some men and women rescued from the island.

  Before leaving, they were very serious and burned down all the buildings on the island.

  According to the previous arrangement, after transporting everyone on a merchant ship, they will go directly to their destination, the Munger Base in Kolo Prairie Province.

  Speaking of Kolo, after Jammeh Bongo finished his visits to various countries, he returned to Kolo and instructed Kolo's Minister of Finance to submit a proposal to the Kolo Parliament regarding Kolo's withdrawal from the West African Franc zone and issuing its own currency.

  There is no doubt that the proposal was passed.

  Based on this proposal, Kolo announced a timetable for withdrawing from the West African franc zone and issuing its own currency.

  The new currency of Kolo will be named Kolo Shilling. The quantity and exchange rate of Kolo Shilling will be determined by the Caulo Monetary Policy Committee (CMPC) and issued by the United Bank of West Africa.

  The Kolo Monetary Board is composed of seven members, three of whom are from the Ministry of Finance, two from the United Bank of West Africa, and two are monetary policy advisers hired by the Kolo government - usually from the Kolo Development and Reform Research Center.

  The Anglo-African Institute originally established by Barron has been renamed the Kolo Development and Reform Research Center, and its headquarters has been established in the capital, Loti. Only a liaison office responsible to Barron is retained in London.  

  The Kolo Shilling's issuance volume will be calculated by the Kolo Monetary Policy Committee (CMPC) based on GDP and a certain weighting. The initial value of the Kolo Shilling is set at 1 Kolo Shilling to 0.1 Euro, and the exchange rate of the Kolo Shilling will be adjusted based on policy changes...

  Since the exchange rate of the West African CFA franc is roughly fixed at 1 euro to 656 West African CFA francs, 1 Colo shilling can be exchanged for 65.6 West African CFA francs.

  According to the schedule released by Colo, the Colo shilling will be officially issued on October 1 this year. All Colo citizens or foreigners in Colo who hold West African francs can go to any branch of the West African Union Bank to exchange them.

  The year starting from October 1 this year, that is, ending on September 30 next year, is the transition period between the Kolo shilling and the West African franc in Kolo.

  Starting from October 1 next year, the Kolo shilling will be the only legal currency in Kolo, the West African franc will be withdrawn from circulation and will be subject to foreign exchange restrictions in Kolo. Domestic merchants also have the right to refuse to accept West African francs.

  At the same time, Kolo also released the first edition of the Kolo Shilling sample.

  The Kolo shilling will be divided into 1 penny coins and six denominations of 1 shilling, 5 shillings, 10 shillings, 20 shillings, 50 shillings and 100 shillings.

  These banknotes will be made of special paper to adapt to the local climate of Colo, to avoid the previous situation where the West African franc was easily affected by moisture and mold in Colo.

  …

  "Monopoly, this is a naked monopoly, and the English Football Association and the Premier League are both accomplices of this monopoly. The consequence of this monopoly is that our citizens need to spend more money to watch the live broadcasts of the games. The wool comes from the sheep, and the ultimately raised prices are all paid by the users..."

  At the meeting of the House of Lords, Barron, as a member of parliament, made a rare appearance today and heard another member of parliament criticize Sky TV for its monopoly on the broadcast of the Premier League in the UK for 13 years.

  "As we all know, Sky TV belongs to News Corporation, at least they control most of the shares. If we continue to rely on the current bidding method to determine the only broadcasting qualification, I am afraid that our domestic TV stations will not be able to compete with Sky TV, which has a strong background. The result is that more and more of our media will be acquired by foreign capital, including News Corporation. They can easily decide what people can see and what they cannot see. The diversity of our Great Britain is about to end..."

  After the congressman finished his speech, Barron was the first to applaud, and then there was thunderous applause in the meeting of the House of Lords.

  Of course, there were also many lawmakers who did not applaud. Instead, they looked around the venue silently with flickering eyes.

  Although the powers of the House of Lords have been greatly restricted, after they have formed a unified opinion, the documents submitted to the British government cannot be easily ignored.

  After Summit Media purchased the three-year broadcasting rights for all lower-level football matches in the UK except the Premier League for 120 million pounds, this time it also launched a small challenge to Sky TV's "monopoly" on the Premier League's local broadcasting rights.

  After all, as early as a year ago, Sky TV bought the exclusive domestic broadcasting rights of the Premier League for the next two years for more than 1 billion pounds.

  Even though the sports content currently available on SD Sports, including some exciting matches from the just-concluded Athens Olympics, has a certain appeal to users, and the cost of the SD Sports channel is much lower than that of Sky Sports, the Premier League is still Sky Sports' killer weapon.

  Given the "good relationship" between Murdoch and the current prime minister, Barron does not think that Sky TV's monopoly on the Premier League can be changed just by this motion in the House of Lords.

  But everything needs to be done step by step. To deal with News Corporation, we have to do it step by step...