474 Issuing Currency (2/2)

Although the survivors outside of the province had no concept of credits and bills, with the passage of time and more merchants heading out of the Sixth Street, the currency would one day become the currency of the world.

…

Followed by the introduction of credits, NAC government had a huge storage of crystals. After thorough auditing, Wang Qin put a report on Jiang Chen's desk.

”No wonder the government loves to print currency, it is a much faster way to make money than taxes.” Jiang Chen was shocked.

Just from three days, the NAC treasury expanded by 38 million crystals; comparable to one year of NAC's total food trade.

”But we also distributed 16 million credits. Rather than saying this money belongs to us, it was more fitting to say we borrowed it from the market.” Wang Qin was worried that Jiang Chen would start to mass print currency, so she warned him, ”If we cannot supply the products we promised by next spring, we may face a credit bankruptcy.”

But her concern was clearly extraneous. Jiang Chen knew clearly the harm of inflation. As to why, he had personally experienced it before…

”Don't worry.” Jiang Chen smiled. ”Out of the total currency amount, only a small amount will be used in the exchange for products. Most of the currency will flow into the market. As long as we can prove that the food supply is sufficient and stable, we don't have to worry about a bank run. Rather than saying the market let us burrow the crystals, I think it is more of a ”protection fee” the market gave us.

Rather than saying it was the NAC's food and production that guaranteed the currency, it was more appropriate to say it was the NAC government's credit.

Just like precious metals in the 21st century was the guarantee for paper bills, only rarely did people use stacks of bills in exchange for precious metals. When people believed in the stability of the country, people would be in favor of holding its currency.

NAC government would control the market for food and the amount of currency circulating on the market. There was no need to worry that the currency would lose control.

Distributing credit was only part of it. Jiang Chen planned to use the Sixth Street bank to lend out 10 million credits in total to encourage the factories to increase production.

The mutants and zombies on the west side of the city were completely wiped out and the plan to wipe out the east side was in progress. The situation in areas surrounding the Sixth Street was never so slack before and it was the perfect opportunity to expand out!

After Wang Qin left, Han Junhua came into the office.

Jiang Chen didn't need to ask to know the intention of her visit.

It was mid-September already and the plan to attack the city center was about to commence.

”The plan of attack will require the mobilization of First Corps and part of Third Corps. A total of 3000 personnel, 41 power armors, 400 kinetic skeletons, 9 Tiger IIs, 40 armored vehicles will be involved. This is the plan of attack.” Han Junhua with crisp motions put the tablet on Jiang Chen's table.

The hologram expanded and outlined the map of Wanghai.

The First Corps would move from Qingpu and attack the area near the Qingpu airport. Then this will become the starting point of attacks on the city center. The Third Corps would attack the city center from the west through Camp 27.

At the same time, the artillery in the Fishbone base will provide support.

Without hesitation, Jiang Chen inputted his fingerprint onto the screen.

”Let the battle begin!”