Chapter 942 The Furious Gallian

A new version of the currency suddenly appeared on the market, causing an uproar.

After all, I had never heard of such a thing before, and such a sudden attack caught everyone off guard.

The currency reform almost affected the rhythm of the entire Glorious Festival, and everyone was discussing the new currency for a while.

People who understand will naturally understand why new currencies are issued, but people who don't understand have no idea why gold, silver, and copper coins are used well and have been used for thousands of years. Why are they suddenly replaced with another paper currency?

Passerby A was confused: "What is this you gave me? Money made of paper? Is this thing really useful!?"

Teller B smiled and said: "Of course it can be used. This is a newly issued currency. Now we have received notice that we require banknotes to be used for settlement with customers, and any store of our Datang Chamber of Commerce accepts banknote transactions."

Passerby A was furious: "Are you kidding! Why should I exchange my gold coins for a piece of paper!? I want to exchange them for gold coins!"

Teller Yi Dundun taught: "Why are you unwilling to exchange heavy gold coins for light and equivalent banknotes? From a carrying point of view, banknotes are undoubtedly easier to carry."

Passerby A frowned: "Gold coins are gold, and gold can be used to buy things!"

Teller B was very patient: "Banknotes are equivalent to gold coins and can be used to buy things."

Passerby A started to yell: "I won't listen, I won't listen! I just like gold coins! They have a texture in my hand and they are golden under the sun!"

Teller B smiled and used his killer weapon: "Now if you use banknotes to shop at the Datang Chamber of Commerce, you can enjoy a 20% discount. The royal family has also issued a notice that using banknotes to pay taxes can enjoy a 50% tax exemption policy -"

Passerby A immediately looked righteous and awe-inspiring: "The royal family's policy must be supported - So, do you think all these gold coins of mine can be converted into banknotes?"

Teller B: "..."

In order to cooperate with the activities of the Glorious Festival and the need to promote new currencies, Tang En discounted all products of the Tang Dynasty Chamber of Commerce with a wave of his hand. All products purchased with the new version of banknotes will enjoy a 20% discount. Such a huge discount makes Many consumers who had been tempted but didn't have the heart to buy it finally took action and took away a large wave of gold coins. In contrast, many new versions of currency were also issued.

The above situation happened at the counter of every Datang Chamber of Commerce in every city at almost the same time. Not only the Datang Chamber of Commerce, but also the owners of other chambers of commerce and shops learned that they could enjoy the tax reduction policy when paying taxes with banknotes. Everyone went crazy and rushed to the Illus Mint... Oh no, it should be called the Purandal Central Bank now. They were holding back large and small bags of gold coins, and some were holding crystal cards from the Star Diamond Bank, demanding. Exchange your gold coins for new banknotes.

Don't think that the half-percent tax reduction is too small. You should have paid 100 gold coins in tax. If you reduce the tax burden by half, you can pay 5 less gold coins. This means that the profits will increase by half. Can those businessmen not be excited?

They can't wait to raise their hands and feet to welcome more and more violent policies like this.

But faced with this situation, some people became red-eyed.

As expected by Tang En, as soon as the news of the reorganization of the Illus Mint into the Purandal Central Bank spread, Gallian immediately became anxious and rushed to Tang En with red eyes to ask him what was going on.

"My friend! When we first cooperated, we made it clear that you would not get involved in the banking and financial industry! (See Chapter 450)"

Galian shouted angrily: "This is not only what you and the great boss agreed to, but there is also the meaning of the Dragon Clan. Why did you go back on your word?!"

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

Tang En pressed his hands, and with a smile, he motioned for Galian to sit down and take a breath, and then he said: "First of all, this bank is not that bank. Purandal Central Bank is not like your Star Diamond Bank. We do not provide savings services. .”

Gallian was startled: "What do you mean?"

"literal meaning."

Tang En said with a smile: "Star Diamond Bank is a commercial bank that provides storage, transfer, consumption, and loans to citizens, while Purandal Central Bank is a bank responsible for issuing and managing currency. We only supervise currency and do not participate in it." Savings business."

"I see……"

Gallian breathed a sigh of relief. As long as he didn't get involved in the financial savings industry, it would be easy.

But……

Gallian's intuition told him that the existence of this Purandal Central Bank was far more than just issuing a new version of currency.

In fact, it's certainly not that simple.

It can be said that the current financial savings industry in Purandar is completely monopolized by Star Diamond Bank. Even if others want to get involved, there is no way. They do not have the conditions and the strength.

However, if all currencies are handed over to a commercial bank, this is obviously a very, very dangerous thing - not that the goblins have any objections, but that they and the dragon's greed for money determines the nature of these gold coins. Most of them can only get in but not get out. As more and more gold coins are looted by them, fewer and fewer gold coins are circulating in the market, which leads to the illusion of deflation mentioned before.

And now, Tang En has reorganized the Illus Mint into the Central Bank of Purandal. A central bank has directly determined its identity. This is the unit responsible for issuing the legal currency of the entire Purandal, and the Star Diamond Bank must also be subject to the Central Bank of Purandal. policy constraints.

The new version of the currency is temporarily linked to the gold coins. When the new version of the currency is fully popularized in the future, it will be completely disconnected from the gold coins and become an ordinary credit currency.

At that time, the goblins and dragons who are obsessed with collecting gold coins will find that the gold coins in their vaults have all been replaced by paper money, and gold has returned to its status as an industrial raw material.

By setting up a higher-level administrative unit to indirectly undermine Star Diamond Bank's leading position in the financial industry, pull them down from the altar, let them run their own savings industry honestly, and prevent them from continuing to affect the currency circulation of Purandal. This is another benefit of currency reform.

"its not right!"

After drinking a cup of tea, Galian suddenly woke up and jumped up: "If the new currency you issued becomes legal tender, wouldn't the gold coins in our vaults have to be exchanged for new banknotes!? Then our gold coins Woolen cloth!?"

"Be patient and don't be impatient."

Tang En pressed his hands and continued to soothe Galian's emotions: "Isn't it natural for new currencies to replace old currencies? This is what I am going to talk to your boss about next."

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

Gallian was very excited: "The gold coin is gold!"

“But who determines the value of gold?”

Tang En spread his hands: "It's the market. If the new currency we issue is accepted by citizens in the market, then the new currency will have the same value as gold."

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

“What money needs is what it represents, not the value of the money itself.”

Tang En said with a smile: "And don't you think the space required to store currency is smaller? Your vault can store more banknotes. What's more, lightweight currency is more convenient for trade circulation. I think this is It’s a good thing that brings no harm at all.”

All benefit and no harm? That's for you!

We have to exchange gold for paper!

Gallian still couldn't change the inherent impression. In his mind, coins should be equal to gold. Golden gold itself is very valuable. How about exchanging heavy golden coins for a piece of paper?

I always feel very uncomfortable!

"You can't make up your mind on this matter. I'd better talk to your boss directly."

Tang En pointed to the door with a smile and said, "It just so happens that your big boss is here too. He will be here soon."

After a moment, Gallian knew who the big boss Tang En was talking about.

Seeing the figure walking in, Galian took a breath of air, jumped up in an instant, and approached with a smile on his face: "Why are you here? Your Majesty the Dragon King!"

"Who are you?"

"I am Rivitz's deputy. I am currently in charge of everything at the Ellington Branch of Star Diamond Bank. My partner is Adjo Kamanda."

"Oh, he's El Zhuo's partner."

Sasha Grot suddenly understood and nodded: "Hello, I have been on vacation in Ellington these past few days."

On vacation in Ellington?

Dragon King?

Gallian looked confused.

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

Sasha Grott sat down opposite Tang En.

"Yes, about currency reform and issuing new currency."

Twain had a direct showdown with Sasha Grote. He knew very well who was really in charge of Star Diamond Bank. Even though Levitz was so famous, it was a pity that what happened to Star Diamond Bank was ultimately decided by the Dragon Clan. Forget it, and the Dragon Clan is of course led by Sasha Grot.

"What's the point of talking to me about your human affairs?"

Sasha Grot doesn't quite understand. They don't use human currency, so it has no impact at all.

Gallian was anxious: "Your Majesty the Dragon King, this is very important! The new currency they issued is made of paper! It's not gold!"

"Oh, paper?"

Sasha Grott became a little interested: "What do you mean?"

So Tang En told Sasha Grot the details of the new version of the currency, and then said: "Based on the current currency situation in Purandal, I think it is necessary to issue a new version of the currency, so we took action."

Sasha Grotto nodded: "It makes sense to hear what you said."

Galian was anxious: "His Majesty the Dragon King! He wants to exchange paper for the gold in our hands!"

"You misunderstood, Lord Gallian."

Tang En waved his hand: "The number of banknotes currently circulating in the market is completely linked to how many gold coins people exchange. Do you understand what this means?"

Gallian didn't understand at first, but after thinking about it carefully, he understood the meaning of Tang En's words.

This is really a waste of money!