Chapter 1076: Controlling the Golden Power (III.)
"Your Highness, wouldn't it be too extravagant to make pure money coins...... "Zahar was a little ached, "Actually, we can also follow the example of the Empire and mix a little lead in the gold coins, so that we can get more coinage." ”
"What's the point of doing that?" Roland smiled and asked rhetorically, "People determine their true purchasing power based on the gold content, not the number marked on the coin, and there is no other benefit to the lead in a gold coin that it will only damage the credibility of the coin and create inflation by the way." ”
Zahar rolled his eyes, and stopped talking.
Roland guessed what he was doing, and simply exposed it to his face: "Do you want to issue a batch of full-value gold coins first, and wait until people get used to using this kind of gold coins before issuing a second batch of gold coins, which look exactly the same as full-value gold coins but secretly reduce the gold content, so that you can exchange the lower gold content coins for full-value gold coins before the market reacts, so as to earn a seigniorage, right?" ”
This is the way the imperial authorities play, the gold coins issued in the later period and the gold coins issued in the early period seem to have the same face value, but in fact the gold content is lower, the difference between the gold content of the two gold coins is the seigniorage, when people find out that they have been fooled, a large number of inferior gold coins have already entered the circulation field.
Rubbing the top of his thin-haired head, Zahar said with some embarrassment: "I know it's a bit despicable, but it's also for the sake of the country, and by reducing the gold content, it can bring in a lot of revenue." ”
Roland shook his head and smiled: "Mr. Zahar, I am against this, not because this behavior is despicable, but because this way to accumulate wealth is too low-end, too stupid, and the side effects are too great, the current financial situation is a little difficult, but the predicament is only temporary, as long as we stick to good faith on the issue of currency, the domestic people and overseas business partners will have confidence in our government, and the people will trust us to pay taxes honestly, and they will enthusiastically use their savings to buy government bonds, Business partners trust us and do business with us, so that our financial situation will improve, right? ”
"Indeed, credit is more valuable than gold." Zahar echoed with a smile, and it was hard to say how much sincerity there was.
Roland didn't care if he was genuinely in favor or if he was playing tricks, if he wanted to manipulate money for the purpose of enriching himself, there was a more clever and covert way than reducing the gold content, but there was no need to do so at the moment.
The real money is a political gesture that demonstrates the integrity and self-confidence of the Kolas government, and for the future...... If we take a more long-term view, maybe in five years' time the country will no longer need gold and silver coinage, but the government's credit will always exist.
"Your Highness, there is one more thing to ask for, has the unit of the new currency been decided?" Zahar raised another technical question.
"It's confirmed, it's called 'thaler', and in the future, the coinage of the kingdom of Kolas, whether it is gold, silver or copper, will be unified as thaler, and 1 gold thaler will be exchanged for 10 silver thalers or 100 copper thalers."
"It's exactly the same as the Imperial 'Duga' meter, just with a different name, does the word Thaler have any special meaning?" Zahar asked curiously.
Roland smiled and whispered: "Your Majesty's 40th birthday is approaching, Francesca Thaller is my mother's name, I want to release the first batch of Jinthaler on His Majesty's birthday, which can be regarded as a small surprise for him." ”
"So that's ......" Zahar's smile on his face was rarely restrained, but it revealed a little more truth than usual, "Your Highness, please don't be surprised if you say something offensive, I have four sons, all of whom have received a good education, are healthy and strong, and are quite proud of their careers, I am usually proud of my children, I feel that I am very successful and happy as a father, Your Majesty only has one son of yours, and as a father he is more proud than me, it is Your Majesty's blessing to have a son like you, It is also a blessing to our country. ”
Roland didn't make a sound, but reached out and patted the fat old man's shoulder hard. At this moment, a hazy figure of déjà vu appeared in his mind, and the beautiful face with black hair and golden eyes was his childhood impression before this body was pierced by his soul. However, for some reason, as he struggled to capture the fragments of his memory, the figure became even more blurred, and was eventually replaced by the gorgeous face of the "Demon Queen" Glesia.
Roland shook his head, dispelled the cluttered memories, and got down to business.
"Mr. Zahar, you have many friends in the financial world, and I would like to ask you to blow the wind in the bankers' circles, so that they can be mentally prepared for change."
"Your Highness, what are your plans?" Zahar himself was a banker, and only after joining the government did he hand over the family business, the First National Bank of the Far East, to his four sons, and he did not dare to take lightly the blatant hints in the words of Roland, the "central banker".
"Mr. Zahar, I don't know if you have noticed that although the coins currently circulating in the Far East are all printed with the portrait of Emperor Charles, in fact, they are not necessarily produced by the Imperial Mint, and a large part of the gold and silver coins are minted privately by bankers in the Far East...... Hehe, I have a few gold coins minted by the people here, and the gold content can't even reach 70%. Roland opened the desk drawer and took out a flat metal box containing three replicas of Imperial Duggard, which were from different manufacturers as you could tell from the level of craftsmanship.
"The workmanship of these two gold coins is relatively rough, with a gold content of only 65%, although this one is made by stamping process, the pattern is quite exquisite, which can be called fake, but the gold content is also the lowest, only 60%." Roland placed the gold coins on the table and pointed them to Zahar one by one, "As the saying goes, there is nothing new under the sun, the Imperial government can issue gold coins with deteriorating gold content to make money, and our bankers in the Far East are also very smart, and the gold coins minted privately have a lower gold content than the Imperial gold coins, I don't know whether this behavior is to fight evil or take advantage of the fire to rob, Mr. Zahar, what do you think?" ”
"Of course, it is to take advantage of the fire to rob, and in the end it is our people in the Far East who will suffer." The Chancellor of the Exchequer rubbed his blushing face, looked at the most beautifully forged gold coin on the table, and said ashamedly: "Your Highness, I will not tell you that the gold coin with the lowest gold content was made by my family, and I swear to you that this kind of thing will never happen again in the future!" ”
"Will we never mint inferior gold coins again, or will we never mint gold coins again?" Roland asked quietly.