552: Chapter 552: The Idea of a New Currency 552: Chapter 552: The Idea of a New Currency This ti upon returning ho, my mother actually let be, for reasons unknown to .
My mother and Ye Zhi seed to get along quite well, which was good in its own way, at least sparing from my mother’s various attacks.
After a al, Zhao Guang took Ye Zhi back with him, as there were still many things he had to attend to.
These matters couldn’t be dealt with in front of his parents, or they would inevitably discover sothing amiss.
After all, parents have an unparalleled understanding of their children and can detect even the slightest issue.
Indeed, there is more freedom after coming back.
Zhao Gang once again began to shuttle between the two worlds.
After so ti of research, Zhao Guang had gradually co to feel that his new spell was almost ready for improvent.
The effect of this spell would definitely exceed his expectations.
At the sa ti, he was also in the midst of researching super magic.
Scaling beyond one’s level to research magic is one of the privileges of magic users from the spiritual system.
At this level, the regular attribute spells were rather scarce in the Silver Tower.
After all, the Silver Tower was a mage organization that mainly focused on space system research, and one of the spells Zhao Guang had exchanged for was the Space Blade, an extrely powerful attack magic.
It seed likely that he wouldn’t need much ti to succeed in his research after his breakthrough.
Space mages did not have many ans of attack, but each of them was very powerful.
Speaking of which, if one’s control over magic power was too poor, they might still be unable to learn it even after reaching the required level.
Zhao Guang had intended to surge forward in one go, completing his Talent Magic and breaking through to beco a Great Mage, but what he didn’t expect was to be interrupted once again.
There was no choice, further shortage of currency was causing problems in the operations of his domain.
His domain was just barely starting to build and develop, and it was unexpected for problems to arise so quickly.
“What exactly is going on, we’ve already issued quite a lot of currency, haven’t we, even more than planned,” originally, the amount of currency planned to be sufficient for the market had already been exceeded.
“It has exceeded by three tis,” Qiao Miya sighed.
“Then why is it still not enough?”
Qiao Miya said in a low voice, “It’s not that it’s not enough.
In fact, the currency in the market is usually very abundant, and a large amount of foreign currency influx has even caused the prices here to rise.”
“If there’s usually an abundance of currency for buying and selling, that ans it’s only when we need to use our own currency that there’s not enough.”
Qiao Miya nodded vigorously, “Exactly, because we’ve stipulated that taxes must be paid with our own currency, the currency they hold is simply not sufficient, and recently so people have been causing trouble.”
Xi Fei also said in a low voice, “We’ve discovered so underground organizations in the domain, which are buying up our currency in large quantities and then selling it off for profit.”
Quite a few rchants within the domain benefited from this thod, but when it ca ti to pay taxes, they didn’t have enough currency on hand.
So, so people are instigating, wanting to use common currency to pay taxes.”
Zhao Guang seed to sense sothing was amiss, “So, what do they want to do?”
Actually, Zhao Guang wasn’t concerned about this; as long as the price was reasonable, it didn’t matter to him if general currency was used.
It wasn’t necessary to hold the right to mint coins; to Zhao Guang, this was sothing that could be taken or left.
He was just a lord, not a sovereign nation, and it wasn’t yet ti to compete with the Empire over such matters.
“This is the situation, they want to pay taxes in an equivalent way.
However, this equivalence refers to the values printed on our currency, not the value they exchange for in private transactions.”
Zhao Guang understood, this was nothing but the different exchange rates between the internal and external markets causing a price disparity.
If he agreed, then these people would benefit from both sides continuously, and he would be the only one to suffer in the end.
Once they had made enough money and fled, his domain would be left in disarray.
Of course, it might not be that exaggerated since there was no currency market on his side yet.
But this behavior was all too familiar to Zhao Guang.
Back on Earth, there had been global financial crises caused by such manipulation, but he never expected to beco a target of such sches himself.
“Heh, these people truly think of as a fool,” he said, instructing, “Notify them that taxes must be paid with our own currency.
I want to make it clear to them that rules are rules.”
This ti Zhao Guang was also sowhat infuriated; perhaps he had been too lenient usually, leading these people to think he was an easy target.
Looking at other lords, not one of them would be harassed by their subjects like this.
Although he wanted to improve their lives, these people were really stepping out of line.
Zhao Guang was certain that not only those relatively good folks must have had problems, otherwise where had all their currency gone?
He couldn’t believe that normal trading would prevent them from retaining any currency whatsoever.
“What if there’s a disturbance?” Qiao Miya asked in a low voice.
“If there’s a disturbance, then arrest them directly; anyone who dares to make trouble is definitely no good.
The army could use this as an opportunity for training, to ascertain their background, and those involved in illegal currency trafficking on a certain scale should be executed,” Zhao Guang declared harshly.
This ti he was determined to make an example of them; otherwise, even the best policies would be destroyed by their hands.
Qiao Miya nodded, unphased, actually feeling that his master was too lenient usually.
As a lord, one must assert authority and instill fear in the subjects; otherwise, how could one manage a domain?
Just like now, show them a bit of kindness and see how they respond.
In Qiao Miya’s heart, those daring to sche against their lord deserved death, even if it ant executing their entire family.
Zhao Guang waved his hand for Qiao Miya to leave, his mind already shifting to another matter.
The problem had arisen because the value of his currency was different from normal currency.
It was now impossible to fully recall it, so another form of currency had to be used to suppress the price.
Zhao Guang was reluctant to make use of gold, as it was too wasteful.
However, another tal seed suitable.
That was aluminum, yes, this world had aluminum too.
But just like in the beginning on Earth, aluminum was too problematic to slt by normal ans, hence its high value.
In this world, the value of aluminum was comparable to that of gold.
Alchemists could refine it, but since aluminum didn’t have many significant uses, they rarely took the effort to produce it.
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