The new version of the currency suddenly appeared in the market, causing an uproar.

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

The monetary reform almost affected the rhythm of the entire glory festival, and for a moment everyone was discussing the new currency.

Those who understand naturally understand why new currencies are issued, while those who don’t understand don’t understand that gold, silver, copper coins are used well. They have been used for thousands of years, so why they suddenly change them to a banknote.

Passerby A was confused: "What did you ask me for? What's the money made of paper? Is this thing really useful?"

Teller B smiled: "Of course it can be used. This is the newly issued currency. Now that we have received a notice, we require the use of banknotes when we settle and make changes with our customers, and we accept banknote transactions in any store in our Datang Chamber of Commerce."

Passerby Jia was furious: "What a joke! Why did I exchange my gold coins for a piece of paper!? I asked to exchange it for gold coins!"

Teller Edun Tun Tun taught: "Why don't you want to exchange heavy gold coins for light and equivalent banknotes? From the perspective of carrying, it is undoubtedly easier to carry."

Passerby was stammering his neck: "Gold coins are gold, gold can be used to buy things!"

Teller B is very patient: "Bank money is equivalent to gold coins, you can buy things."

Passerby A began to tantrum: "I don't listen, I don't listen! I just like gold coins! It feels texture in my hand, and it is golden under the sun!"

Teller B smiled and used a killer weapon: "If you shop with banknotes at the Datang Chamber of Commerce now, you can enjoy a 20% discount. The royal family also issued a notice that using banknotes to pay taxes can enjoy a half-percent tax exemption policy."

Passerby Jia immediately looked righteous: "The royal family's policy is the one that must be supported. Do you think that all the gold coins of me can be exchanged into paper money?"

Teller B: “…”

In order to cooperate with the activities of the Glorious Festival and to promote new currencies, Tang En waved his hand and discounted all the products of the Tang Chamber of Commerce. He used the new version of banknotes to buy them with 20% off. Such a huge discount made many consumers who had been tempted but did not make up their minds to buy them finally took action, and then took away a large wave of gold coins. In contrast, a lot of new currencies were issued.

The above situation happened almost at the counter of every Datang Chamber of Commerce in every city at the same time. It was not just the Datang Chamber of Commerce. When the owners of other chambers of commerce and shops learned that they could enjoy tax reduction policies when paying tax burdens with paper money, they all went crazy and rushed to the Irrus coin... Oh no, now it should be called the Plandal Central Bank, which is resistant to large bags of gold coins, and also holds the crystal card of the Star Diamond Bank and asks to exchange their gold coins for a new version of the banknotes.

Don’t think that the tax cut of half a percent is too small. You should have paid the tax burden of 100 gold coins. If you reduce the tax of half a percent, you can pay 5 gold coins less. This means that the profit has increased by half a percent. Can those merchants not be excited?

They wished they could raise their hands and feet to welcome this policy to be more violent.

But facing this situation, some people were anxious and red-eyed.

As Tang En expected, as soon as the news of the Irrus coinage was reorganized into the Plandal Central Bank, Garian immediately became anxious and rushed to Tang En with red eyes to question him what was going on.

"My friend! When we first cooperated, we clearly said that you are not involved in the banking and finance industry! (See Chapter 450)"

Garian shouted in anger: "This is not only what you and the great boss agree, but also what the Dragon Clan means. Why did you go back on your word?!"

"Be calm and calm, I just happened to go to find your boss. Since I'm here, I'll talk to you first."

Don Eun pressed his hands and gestured to Garian to sit down and take a breath with a smile. Then he said, "First of all, this bank is not the other bank, and Plandal Central Bank is not the kind of Star Diamond Bank. We do not provide savings services."

Garian was stunned: "What does it mean?"

“Literally.”

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

"I see……"

Garian breathed a little relieved. As long as he didn't get involved in the financial savings industry, that would be easy.

But……

Garian's intuition told him that the existence of the Plandal Central Bank is much more than just issuing a new version of the currency.

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

Plandal's current financial savings industry can be said to be completely monopolized by Star Diamond Bank. Even if others want to get involved, they have no choice. They don't have that condition and strength.

However, if all the money is handed over to a commercial bank, it is obviously very dangerous. It is not to be afraid of goblins having any other intentions, but to say that their nature of greed for money and the dragon determines that most of these gold coins are only in and out. More and more gold coins are plundered by them, and fewer and fewer circulating on the market are circulating on the market. This has led to the illusion of deflation mentioned earlier.

Now, Donn reorganized the Irrus coin to be the Plandal Central Bank, and a central bank directly determined the nature. This is the unit responsible for issuing the entire Plandal legal currency, and Star Diamond Bank must also be subject to the policy constraints of the Plandal Central Bank.

The new version of the currency is temporarily linked to gold coins. When the new version of the currency is fully popularized in the future, it will further break away from the 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 vaults had been replaced by paper money, and gold returned to its position as industrial raw materials.

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

"Not right!"

After drinking a cup of tea, Garian suddenly woke up and jumped up: "If the new currency you issued becomes legal tender, then will the gold coins in our vault be exchanged for new banknotes!? What about our gold coins!?"

"Don't be impatient."

Don Eun pressed his hands and continued to soothe Garian's mood: "Isn't it natural for new currencies to replace the old currencies? This is what I'm going to talk to your boss next."

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

Garian was very excited: "Gold coins are gold!"

“But who decides the value of gold?”

Don Eun spread his hands: "It's the market. If the new currency we issue is accepted by citizens in the market, then the new currency has the same value as gold."

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

"What currency needs is the meaning it represents, not the value of the currency itself."

Tang En said with a smile: "And don't you think the space required to store money is smaller? Your vault can store more paper money, not to mention that light money is more convenient for trade circulation. I think this is a good thing that is beneficial and harmless."

There are all benefits but no harm? That is for you!

We have to exchange gold for paper!

Garian still couldn't reverse his inherent impression. In his heart, coins should be equivalent to gold. Golden gold itself is very valuable. Use heavy golden gold coins to exchange for a piece of paper?

I always feel very uncomfortable!

"You can't make any decisions about 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 boss is here, and he will come over immediately."

After a moment, Garian knew who the boss Tang En mentioned was.

Seeing the figure walking in, Garian took a breath of air conditioning, jumped up in an instant, his face filled with smiles and leaned forward: "You, why are you here? Dear Dragon King!"

"Who are you?"

"I am Rivize's deputy, currently responsible for everything in the Ellington Branch of Star Diamond Bank. My partner is Edra Kamanda."

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

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

On vacation in Ellington?

Dragon King?

Garian was confused.

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

Sasha Grot sat down opposite Donn.

“Yes, about currency reform, issuance of new currencies.”

Tang En directly confronted Sashaglot. He knew very well who was the one who could really do it. Although Riviz was so famous, it was a pity that what Star Diamond Bank did, the Dragon Clan had the final say in the end, and of course, the Dragon Clan was headed by Sashaglot.

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

Sasha Grot was a little confused. They didn't use human currency, so it had no effect at all.

Garian was anxious: "His Majesty the Dragon King, things are very important! The new version of the currency they issued is made of paper! Not gold!"

"Oh, paper?"

Sashaglot was a little interested: "What does it mean?"

So Donn told Sashaglot about the details of the new currency and said, "Based on the current currency situation in Plandal, I think it is necessary to issue the new currency, so we took action."

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

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

"You misunderstood, Lord Garyan."

Tang En waved his hand: "How many paper money will be circulated in the market at present? It is completely linked to how many gold coins people exchanged. Do you know what this means?"

Garian didn't understand it at first, but after thinking about it carefully, he understood what Tang En meant.
Chapter completed!