Chapter 181 (1/2)
(The snake, The De Bride)
“… Now then, Kota What are you going to do?”
Grin
Carlos keeps looking at Kota interestingly while he finally changed his expression
“… You daentle person After all, he was ‘good natured' enough to not get angry i summoned
“… Did the mask finally come off? Good, that face is what I wanted to see…”
Kota revealed his eaze that was likely to kill a person if it could, caused Carlos who didn't really know the ‘nor for a moment
Sorbania's deposit certificate
Some exception exists, but most country only have one currency The United States of America had their Dollars, japan had their Yen, European Economic Union had their Euro –
That bill hat called as ‘Legal Currency,' and it was money that one used to pay taxes or conduct trade in specific country One cannot pay using Dollars in japan, and the reverse also the same
“Sorbania certificate cannot be distributed within Terra”
“Why not?”
“Because Terra prohibits the distribution of Sorbania deposit certificate”
“Hah… Do you really want to test it? Shall I distribute it for real and see whether merchants in Terra would leave?”
Currently, Terra had been trading in both white gold coins and the deposit certificate It was true that the certificate was a ‘legal currency,' but that didn't mean they only used that alone to trade The certificate was used sial basis there It was just a paper of proof having ‘deposit' At most, they could only ask people to use it After all, it was akin to a private sector puts on circulation freely That hy, if Sorbania distributed their deposit certificate, as long the ree to use it, then Terra won't have the power to stop it It was Terra ould be in trouble if they confront theto do? Didn't you say it yourself? Terra is a poor territory Can such territory stop a world renown econo its own deposits certificate?”
“But, Terra has its own charm too…”
“Oh please Should I also steal those ‘charm' as well?”
“—khu! That is…”
“Relax, I'? Do you think I was serious just now?”
When one thinks about it properly, there was no merit for hi at it, there see Sorbania distributed their deposit certificate Sorbania white gold coins and Flaold coins were issued at the saold coins had the same value If one thinks about the ‘distribution' alone, it was only different in design, whether using Terra certificate or Sorbania certificate the value was the same
“… But still, you cannot…”
Kota bites his lips
A currency with the same value circulated, we call them standard system There were a lot of standard systems, such as the Gold Standard or Silver Standard, but it was basically a systerees with the value of each currency
“If we allow Sorbania deposit certificate to be distributed within Terra, Sorbania certificate would be do”
The key here was the issue of convenience
“When that happens, the value of Tera's certificate would be weak Because, of course, they would prefer using Sorbania certificate where it could be used inTera certificate where it could only be used in Tera”
“I guess you're right”
In the standard system, one cannot issue ‘banknotes' more than the deposited collateral… Or rather, it should not be done In the end, by appearance, the certificate distributed by Tera did not exceed the nuold coins deposited in Tera But if people want to exchange all the deposit certificate into white golds coins, Tera won't be able to repay the After all, it is a ‘poor territory'…”
There was never a huge aold coins stored in Tera After all, it was a ‘poor territory'… – But that was fine, ironically, in Terra which was a poor economic territory, it still can meet the demand of the distributed certificate by itself
“… So, what are you getting at?”
‘assassination'… That word floated inside Kota'sin the future To do that… Making the distribution of the certificate mandatory is essential But if Sorbania certificate is around, Tera certificate would ended up losing its value”