When the general pessimism of the public is projected on the financial market, it will often make a farce of rumors and soldiers. In the case of Roland's negative news that "the old currency will be invalidated within a limited period", even if the central bank publicly opens rumors, it cannot completely dispel people's concerns, lest if the rumors are true, their property will be damaged. Most people have a "I'd rather believe it than not" mentality when it comes to bad news, and will try to exchange coins as soon as possible, until the deadline for the rumored to void the old coin has passed, and then confirm that it is really just a rumor.

As the governor of the central bank, it is his duty to come forward in a timely manner to refute the rumors that disrupt the financial order, and it is none of his business whether the public chooses to believe him or prefer to believe the rumors. Over time, the truth will eventually come out, and then people will understand that he is right, and the next time he needs to come forward to refute the rumors, his credibility will also increase.

After such a toss, Roland created rumors and refuted rumors, successfully hyped the topic of exchanging new coins into a heated discussion among the whole people, and smeared a layer of honest and reliable gold dust on his public image, which can be described as killing two birds with one stone.

In this tense atmosphere of the whole people rushing to exchange new currency, those commercial banks that are blacklisted by the central bank and cannot obtain new currency from the central bank will of course suffer, and even the most dull people will realize the seriousness of the problem: if their money is deposited in commercial banks under the management of the central bank, they will be as much as they want, and if they are deposited in the "pheasant bank" that is free from the central bank system...... It's hard to say if you can get it back.

So what's next?

Roland does not intend to continue the deduction, because ...... He is also an insecure person, and he always feels that it is not good to get carried away too much, and he should be steady and prepare for the "worst", although he really can't think of any "worst" outcome......

There weren't so many twists and dramas in the real world that would scare you, and the next few days would turn things around in exactly what Roland and Katya had predicted, and they were even a little disappointed.

On November 24, Katya convened a meeting of 100 commercial banks voluntarily included in the central bank's supervision system at No. 23 Financial Street to announce the new rules on the benchmark interest rate, which was unanimously supported by the bankers at the meeting. In the afternoon of the same day, the first batch of "Kintal" produced by the National Mint was loaded into a number of safes, escorted by the military to a special train, and arrived at Krasbourg. At the same time, the commercial banks under the central bank also dispatched their own escort teams to escort the first batch of gold tales home, and exchanged these brand new gold talers for old customers who learned the news in advance through a specially opened currency exchange window.

The evening newspaper of the day was reduced to a square of demons, and "anonymous insiders" who appeared out of nowhere made a lot of nonsense, claiming that the gold coin exchange period was until the end of the year, and that after the New Year, all the Imperial Du Qiang system that had not yet been exchanged would be withdrawn from circulation.

The rumor, without any real evidence, spread like a virus across the Far East at an unprecedented rate, and almost overnight, the larger towns and cities of the Far East were alarmed, and people lined up outside the banks to exchange for new currency.

The central bank's response was also quite swift, arranging for John Pulit to interview the young central bank governor and His Royal Highness the Crown Prince that morning, Roland repeatedly emphasized that the gold tower is still in the process of being processed, the people do not need to rush to exchange, the gold duga will never be withdrawn from circulation in the short term, and the rumors of the end of the year being invalid are even more sinister rumors, how can a responsible government make such a hasty decision, and how can it bear to let the people's hard-earned money become waste? In the interview, Roland severely reprimanded the rumor-mongers and made a promise: "We must find out the source of the rumors and severely punish the perpetrators!" ”

When he said this with solemnity, John Pulit made a careful observation and confirmed that His Royal Highness did not show the slightest sign of blushing......

Refuting the rumors is just the appetizer of this interview, and the highlight is that Roland conveyed to the public on behalf of the central bank the attitude of "kindness for kindness and revenge for revenge".

Roland first thanked the hundreds of commercial banks in Krasbourg and surrounding towns for their support to the central bank, especially in cooperation with the central bank's implementation of the benchmark interest rate policy, the central bank will also make a return, promising to give priority to the above-mentioned banks to provide gold tale exchange services - commercial banks first use the gold duga in stock to exchange gold from the central bank, and then use the gold to exchange the gold duga in the hands of depositors, through two exchanges to complete the process of issuing new currency and recycling old currency.

This is the central bank's righteous support in return to its subordinate commercial banks, and it is even easier to repay the favor and take revenge - for the 72 commercial banks that refused to accept the central bank's supervision, the central bank refused to provide the gold taler in exchange for the stormy gold duga in their hands.

Of course, Roland did not say anything in the interview, but only emphasized that it takes time to produce new coins, and the current output cannot satisfy the enthusiasm of the general public to exchange too much, and cannot cover everything, so it can only give priority to those commercial banks that actively support the work of the central bank.

At the end of the interview, John Plitt made two lists at Roland's behest. One is the normal layout, listing the 100 commercial banks under the central bank, and indicating that these banks have opened gold exchange windows; The following list lists 72 commercial banks that have resisted central bank supervision, noting that they are not currently able to exchange gold tales, and deliberately adding a heavy black box, which is usually the only printed black box for the names of the deceased, as a warning to the reader speaks for itself.

After the interview was published, the banking community was happy and worried. The 100 banks affirmed by Roland are like a super advertisement for free, the public image suddenly shines, business is more prosperous than before, and the bank bosses have to wake up with a smile in their dreams, and they feel that it is really wise to hold the thigh of the central bank!

As for the 72 banks on the blacklist, the situation can be said to be even worse, but the first thing that depositors who have read Roland's interview report is almost always "withdraw their deposits from the blacklisted banks as soon as possible".

People took action to ensure that their assets were out of risk, and a run frenzy was born.

On November 26, the "Black Friday" of the Far Eastern banking community quietly arrived. In a single day, all 72 banks that had been run on had their liquidity dried up and had to suspend operations. However, the closure itself is a huge negative signal, adding to the panic and prompting more people to join the ranks of the run – or more to be precise, the debt collection – of the blockade.