Chapter 759 (1/2)
Translator: Nyoi-Bo Studio Editor: Nyoi-Bo Studio
[Due to the needs of government affairs, all registered citizens of the Republic of Northwest are required to register their surnames at the sub-district office of the Ministry of Civil Affairs from this day on. Citizens without surnames can proceed by designing their registration forms.
Note: To avoid repetition, for individuals who have designated surnames to their family, every surname should not be shared by more than 200 families. The surnames will be available for registration on a first-come, first-serve basis and will be accepted in the order of time of registration. After the first batch of surnames have been registered, the Ministry of Civil Affairs will release the number of family names that have been registered. Families who are unsuccessful in this round of registration may proceed with designing another registration. Even a second, or third design…
Ministry of Civil Affairs, the Republic of Northwest, effective as of today.]
This notice was plastered all over the streets of the various cities and towns in the Republic of Northwest. The Ministry of Civil Affairs had even employed temporary loudmouthed propagandists who had taken to the streets, yelling and publicizing this policy—this was a unique characteristic of the Republic of Northwest. Every time a new policy was issued, there would be a team of propagandists hired for publicity and explanatory purposes.
Hiring these propagandists would, of course, entail a small expenditure. But that would be nothing compared to the increase in efficiency of administering the policy. That small amount of money was really no big deal.
Moreover, the Republic of Northwest lacked resources and talent, but not money.
Had everyone not seen how the preparation work for the venue of the Fifth Fighter Championship was progressing? Just the amount spent on the renovations and refurbishments of the venue would be enough to hire propagandists for a few rounds of publicity.
For every Fighter Championship tournament, a large amount of prize money would be awarded. Even the top eight fighters from the youth category would receive an alarming amount of prize money, not to mention the final legitimate champion of the tournament.
On several occasions, higher-ups of the Republic of Northwest had attempted to persuade Sui Xiong not to organize such a Fighter Championship because it was simply a waste of manpower and money. Or if he wanted to do so, he should at least reduce the frequency of such an activity. They felt that once every decade was simply too frequent. At best, they could accept a frequency of once every 20 years.
To this, Sui Xiong merely smiled.
What was money? Money was not gold, silver or a precious stone. It was the currency in circulation.
He might not have fared well in politics, but the “essence of money” was the focus of his politics class in his freshman year that his teacher had reiterated more than once. It was a topic that was highly likely to appear in examinations most of the time. No matter how poorly he had fared in this subject, he would more or less still have some impression.
The essence of money was a commodity used to supplement circulation. There was another special name designated to it, which was called the “universal equivalent.” On Earth, this had developed to the point at which the nation’s credit guaranteed its accounting data. To put it bluntly, it simply meant that the nation’s credit was used as a commodity—this was why their politics teacher had been contemptuous of the people in the IT industry who had highly lauded the types of non-negotiable currencies like “Bitcoins.” Their teacher had even come up with mocking statements like, “If I were to take a gun and rob the trading platform of a certain Bitcoin, could they possibly transfer some electronic data to arrest me?”
In this world, the development of currency had not advanced to the stage of being creditworthy. It was still in the era of production with portable and expensive things like gold, silver and precious stones. Though the value of currency of every country was different, the users would still recognize the currency by itself, and not the country of origin of the currency.
As for credit money and such, even the Goddess of Wealth dared not dabble in it. Up till the present, her church only offered money transfer services based on the customer’s existing funds.
In other words, if a gold coin was stored in a warehouse, the market would literally be lacking this one gold coin. Regardless of which country, no one would be able to replace this gold coin via means like money printing.
If too much money was stored in the warehouse, the market would have too little money. This would definitely affect the circulation in the market. The most direct effect was that the prices of commodities would fall while the value of money would rise.