Chapter 61 (2/2)

This was to prevent the s down of money

If se coin could be exchanged for 10 small coins, the quantity of metal used to make the coins would increase if smelted

This hy a royal decree was established saying that coins without the round seal can’t be used, and that exchanging money has also become unfavourable

What’s interesting is that apparently the large coins used to be close to ten tiradually shrunk with the years and now had roughly the same difference in size as a 100 yen coin and 500 yen coin from the japan of my previous life

Hence, large coins could be said to be a conversion currency that could be exchanged for ten small coins, as assured by the country

“Hm paper currency and applying a seal to them be better?

For exaed for one gold coin”

I’ve asked Dad about this kind of thing before

“Hmm, it certainly sounds fine in theory

However, the paper would get dirty and torn, and would also be quite easy to counterfeit too, wouldn’t it?”

That certainly would happen, considering the technology level of this world

Furtherood and also has a high price in Santale copper coin

“In my previous life, the country would issue paper bills that assured their conversion to gold

Thus, the issued paper bills could be lent out to financiers at low interest rates, in turn allowing thethem produce a steady flow of money

If conditions worsened, the interest rate could be lowered as compensation It was even possible to control the prices of commodities”

“…That appears to be a rather unreliable h

Wouldn’t it be a big problem if everyone with paper bills sie them for money?”

“It’s enough to e the country soundly

Well, even if that’s difficult, I think you should still be able to collect enough deposits to form a bank

In this world, is there anyone who is entrusted withprojects?”

“If I had to say, I suppose soold craftsmen do that

Thus, besides gold crafting, they’re also entrusted with gold and silver from the customers and issue deposit receipts

Of course, the workshops eold and silver is also stored in sturdy safeboxes that are under strict e a bit to ic

I’ve heard that deposit receipts, containing the saold and silver deposited, are also used as an endorsed method of payment

In the past, the merchants in Fauno City who became unable to pay the market tax were able to request the use of deposit receipts as a security for loans, or so I’ve discovered”

“That’s probably a business with very good prospects

It’s profitable, and I think it’s also a good encouragement for a new type of industry in one’s territory”

I told Dad what I knew about banking and currency trading

“Now that you ht be true

I’ll discuss with Poporus-san, and perhaps let hiive it a try?”

Poporus-san referred to the village chief of Trenadette Village, who also happens to be a former merchant and Steph’s father

He said he wanted to settle down after he built a fae chief of Trenadette Village out of gratitude

“Huh? But Poporus-san said that he wanted to be a direct retainer of Dad though?”

“Oh, is that so?

He did indeed settle down after for a family, so perhaps he feels unsatisfied?”

“Hmm… It seems to h”

“That certainly ht be true, but they’ve started the experiradually beco more prosperous

He ht be unconsciously desiring it for the sake of his family”

It see very deep

“Ed, it ood if you remember this too

Moreover, there are cases in which it is easier to understand from the point of view of an outsider

Despite having given the unsatisfied with the treatment and such unexpectedly does happen

That said, we can’t disregard their wishes either, so it’s difficult”

“How can we tell things like that?”

“That’s right…

Theis to have an interest in the other party, I suppose”

“Interest…”

“Yeah

In that case, you’ll also come to know their desires

“A feudal lord who takes an interest in their people will naturally have a good reign”

If you do that, then you’ll naturally knohat to do and will be able to heed their wishes without ht”

As expected of Alfred-tousan, he gives significant advice

I will gratefully bear in mind Dad’s advice

Now, delicious s my hen I arrived at the marketplace

Holding the bag filled with food in my arate and travelled to the Fairy Hamlet

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