Chapter 1256 (1/2)

Chapter 1256: Reception and the New Plan

”How's the currency exchange going?”

Three days after the release of the new currencies, Roland held a directorin the castle boardroom to discuss the response of the public to the currency reform

Roland had learned from the history that it was extree the conception of money and break the tradition that had been observed over the past thousand years A tiny error ht result in an avalanche of disasters The failure of the currency reform would possibly jeopardize the public's confidence in the Ad hi to build

”Fewer people exchange the currencies then we expected, Your Majesty,” Barov said, looking pretty relaxed ”The transaction aold royals Considering there will be a lot of changes at the beginning of the reforold royals in the treasury for the ti is stablized”

To avoid a bank run, the amount of bank notes printed this time would be equal to the payroll expenses this old royals, they would still have two months to print new notes However, if that happened, it would mean that the reform had failed

”I think your worry is unnecessary, Your Majesty,” Barov said sly as he stroke his beard ”Most of the subjects would not choose to use new currencies in exchange for old ones, unless it's absolutely necessary They don't want to pay the transaction fee”

”But it doesn't mean that people accept the new currencies,” the Minister of Agriculture, Sirius Daly, replied cautiously ”I notice that the sale of food has increased a lot recently in the Convenience Market, including the sale of spice and dried food”

Roland was a little taken aback by the unexpected increase

He then smiled and came to the realization that the subjects did not want to pay the transaction fee, so they purchased a great number of life necessities as a backup In fact, food had once been used as a universal equivalent in the history Dried food and spices had a long shelf life, so naturally people would buy theencies

Roland soht of an advertise to lose What are you waiting for?”

But Roland was relieved

People were not likely to accept the change within a few days The increase in the sale of goods did not really affect the Ads and cheese for the entire Western Region By the time the Administrative Office received the part of sales profit they were entitled to from the Joint Chamber of Commerce, he would be able to know the result of the currency reform

Roland thus said to Sirius, ”That's fine Let them buy as much as they like, but you have to keep an eye on the as residents don't exceed their personal limit, they can buy whatever they want”

The Convenience Market mainly supplied life necessities It was a store directly controlled and supervised by the government Residents had to show their identity cards to hly unlikely that the city would run out of food, provided that no merchants interfered with the market

”Yes, Your Majesty!”

”By the hat's merchants' reaction?”

Barov replied quickly, ”Your Majesty, the roups Traveling merchants are on the fence about it Many stores are shut down Do you think we should” he broke off andthose merchants out of the country

Roland shook his head It appeared thattheir shops He said, ”Let the as they don't break the law Their lease has not expired yet anyway It's up to them to decide whether they should continue with the business What about the other group?”

”There was notCha their businesses They asked whether they could use the new currencies to purchase steaave them an affirmative answer as you instructed”

A flurry of whispers swept over the boardroom

Apparently, everyone was surprised at this reaction They were ave 's policy than domestic tradesmen