Chapter 944

The sudden appearance of the new currency on the market caused an uproar.

After all, I haven't heard of such a thing before. Such a sudden attack caught everyone off guard.

The currency reform almost affected the rhythm of the whole glorious Festival. For a while, everyone was discussing the new currency.

Those who understand naturally understand why new money is issued, while those who do not understand completely do not understand why gold, silver and copper coins have been used well for thousands of years, and why they have suddenly been replaced with a kind of paper money.

Passerby a was confused: "what's this you gave me? Money made of paper? Can this thing really work!?"

Teller B smiled: "of course, it can be used. This is the newly issued currency. Now we have been informed that we need to use paper money to settle the change with our guests, and any store of Datang chamber of Commerce accepts paper money transactions."

Passerby a was furious: "are you kidding! Why should I exchange my gold coins for a piece of paper? I asked for gold coins!"

Teller yidundun taught: "why don't you want to exchange heavy gold coins for light and equivalent paper money? From the perspective of carrying, paper money is undoubtedly easier to carry."

Passerby a stuck his neck: "gold is gold. Gold can be used to buy things!"

Teller B was very patient: "paper money is equivalent to gold coins. You can buy things as well."

Passerby a began to spill: "I don't listen, I don't listen! I just like gold coins! There is texture in my hand, and it's golden under the sun!"

Teller B smiled and offered the big killer: "now if you shop with paper money in Datang chamber of Commerce, you can enjoy a 20% discount. The royal family has also issued a notice that you can enjoy a 50% tax-free policy if you use paper money to pay taxes -"

Passerby A immediately looked awe inspiring: "the Royal policy must be supported - who, do you think I can convert all these gold coins into paper money?"

Teller B: "

In order to cooperate with the activities of the glory Festival and the need to promote the new currency, Donne waved his hand and discounted all the products of Datang chamber of Commerce. He used the new paper money to buy all the products and enjoyed a 20% discount. Such a huge discount finally made many consumers who had been excited but didn't make a hard heart to buy, and strongly swept away a large wave of gold coins, In contrast, many new coins have been issued.

The above situation happened at almost the same time at the counters of every Datang chamber of Commerce in every city, not just Datang chamber of Commerce. When the bosses of other chambers of Commerce and shops learned that they could enjoy tax reduction policies when paying taxes with paper money, they went crazy and flocked to Ilus Mint... Oh, no, it should be called prandal central bank now, Resisting large and small bags of gold coins, some also took the crystal card of the Star Diamond bank and asked to exchange their gold coins into new paper money.

Don't think half of the tax cut is too little. The tax burden of 100 gold coins should have been paid. Reducing half of the achievement can reduce 5 gold coins. Correspondingly, it means that the profit has increased by half. Can those businessmen not be excited.

They want to raise their hands and feet to welcome this policy more and more fiercely.

But in the face of this situation, some people are anxious.

Not surprisingly, as soon as the news of the change of Ilus coinage into prandal central bank came out, Gallian was in a hurry. He rushed to Don with red eyes and asked him what was going on.

"My friend! When we first cooperated, we clearly said that you were not involved in banking and finance! (see Chapter 450)"

Gallian shouted angrily, "this is not only agreed by you and the great boss, but also the meaning of the dragon clan. Why did you go back?!"

"Calm down, calm down. I'm just going to find your boss. Since I'm here, I'll talk to you first."

Donne pressed his hands, smiled and motioned to Gallian to sit down and catch his breath. Then he said, "first of all, this bank is not that bank. Prandal central bank is not your Star Diamond bank. We don't provide savings services."

Gallian was stunned: "what do you mean?"

"Literally."

Donne said with a smile: "Star Diamond bank is a commercial bank that provides storage, transfer, consumption and loans to citizens, while prandal central bank is a bank responsible for issuing and managing money. We only supervise money and do not participate in savings business."

"I see..."

Gallian was a little relieved. It's easy to say as long as he doesn't get involved in the financial savings industry.

But

Gallian's intuition told him that the significance of the prandal central bank was far more than issuing a new currency.

In fact, of course, it's not that simple.

Prandal's current financial savings industry can be said to be completely monopolized by the Star Diamond bank. Even if others want to get involved, they have no way, no condition or strength.

However, it is obviously very dangerous to hand over all the money to a commercial bank - not to say that the goblins are afraid of any dissent, but that their greedy nature and the Dragon determine that most of these gold coins can only go in and out. More and more gold coins are plundered by them, and less and less gold coins are circulating in the market, This leads to the illusion of deflation mentioned before.

Now, Donne reorganized the Central Bank of prandal, the mint of Ilus. A central bank directly determines the nature. Here is the unit responsible for issuing the legal tender of the whole prandal, and the Star Diamond bank must also be subject to the policy constraints of the Central Bank of prandal.

The new currency is temporarily linked to gold coins. After the new currency is fully popularized in the future, it will be further separated from gold coins and become an ordinary credit currency.

At that time, goblins and dragons who were obsessed with collecting gold coins would find that all the gold coins in their vault had been replaced by paper money and returned to the status of industrial raw materials.

By setting up a higher administrative unit to indirectly destroy the leading position of Star Diamond bank in the financial industry, pull them down from the altar, let them honestly operate their own savings industry, and prevent them from continuing to affect the currency circulation of prandal, which is another advantage of currency reform.

"No!"

After drinking a cup of tea, Gallian suddenly woke up and jumped up: "if the new currency issued by you becomes legal tender, won't all the gold coins in our vault be converted into new paper money? What about our gold coins?"

"Take it easy."

Donne pressed his hands and continued to calm Gallian's mood: "isn't it a matter of course that new currencies appear to replace the old ones? That's what I'm going to talk to your boss about next."

"How can we agree to exchange gold coins for a pile of paper!"

Gallian was very excited: "gold coins are gold!"

"But who determines the value of gold?"

Donne said, "it's the market. If our new currency is accepted by citizens in the market, the new currency will have the same value as gold."

"That's different. The new currency itself is just a piece of paper!"

"Money needs the meaning it represents, not the value of money itself."

Donne said with a smile: "and don't you think the space needed to store money is smaller? Your vault can store more paper money. Besides, light money is more convenient for trade circulation. I think it's a good thing to make profits without harm."

Benefit without harm? That's for you!

We're going to trade gold for paper!

Gallian still can't reverse his inherent impression. In his heart, coins should be equal to gold. Golden gold itself is very valuable. Can he exchange heavy golden gold coins for a piece of paper?

I always feel very uncomfortable!

"You can't make up your mind about it. I'd better talk to your boss directly."

Donne pointed to the door with a smile and said, "just in time, your big boss is here too. He will come right away."

A moment later, Gallian knew who Donne was talking about.

Seeing the figure coming in, Gallian took a breath of air conditioning and jumped up in a moment. His face was full of smiles and came up: "you, how are you here? Your Majesty the Dragon King!"

"Are you?"

"I'm the deputy of rivitz. I'm currently in charge of everything in the Ellington branch of the Star Diamond bank. My partner is Ezra Kamanda."

"Oh, it's aizhuo's partner."

Sasha glott suddenly realized and nodded, "Hello, I've been on vacation in Ellington these days."

Vacation in, in Ellington?

Dragon King?

Gallian looked confused.

"My friend, I heard you have something to discuss with me?"

Sasha glott sat down opposite Donne.

"Yes, about currency reform and the issue of new currency."

Donne had a direct showdown with Sasha glott. He knew very well who the Star Diamond bank could really be in charge of. It's a pity that the dragon family had the final say in how the Star Diamond bank did, and of course the dragon family was led by Sasha glott.

"What's the significance of your human affairs to me?"

Sasha glott doesn't quite understand that they don't use human money. It has no impact at all.

Gallian was worried: "Your Majesty, the Dragon King, things are very important! The new currency they issued is made of paper! Not gold!"

"Oh, paper?"

Sasha glott was a little interested: "what do you mean?"

So Donne explained the details of the new coins to Sasha glott, and then said, "according to the current currency situation of prandal, I think it is necessary to issue a new coin, so we acted."

Sasha glo nodded: "it makes sense to hear you say so."

Gallian was very anxious: "Your Majesty the Dragon King! He wants to exchange paper for the gold in our hands!"

"You misunderstood, your excellency Gallian."

Donne waved his hand: "at present, how many banknotes will circulate in the market is completely linked to how many gold coins people have exchanged. Do you know what this means?"

Gallian didn't understand at first, but when he thought about it carefully, he understood the meaning of Donne's words.

This is a drastic draw!