Lingyu First Bank

The officials of the household department were surrounded and had no choice but to report to the king. Under the supervision of the people, they wrote a report and sent it to the palace.

One day later, everyone did not wait for good news. The order from the palace was that all the officials who participated in the encirclement of the household department would be demoted to three levels, and the three leaders would be executed, and their properties would be confiscated.At the same time, it was announced that Kenlu currency was the only currency in circulation in Kenlu. If there were people who dared to trade with spirit stones, the spirit stones would be confiscated, and their property would be confiscated.

All of a sudden, there was a lot of panic in the entire land reclamation, and half of the merchants in Qin'an City fled out of the city for fear of causing trouble.

This time, not only did no one want the Kenlu coin, but even the Lingshi trade was gone. The whole Qin'an city was like a ghost town, and there were very few people on the street, for fear that something would happen out of nowhere.

Just when the so-called Kenlu currency was about to be forced to withdraw from the stage of history, Wang Yuan sent an opinion to the household department through the internal line he had arranged long ago.

This article analyzes the reasons for the problems that occurred after the issuance of the Kenlu currency, and mainly blames the failure on the low vision of the public and cannot fully trust the new currency.Several workarounds were then proposed.

First, connect the Kenlu currency with Lingshi, and at the same time the Kenlu currency evolves from a pure currency into a bond in essence. The plan is this: the Kenlu currency is changed into a currency with an issue date. For one year, it can only be used instead of spirit stones with a [-]% discount denomination, and can also be exchanged directly for spirit stones after the official deduction of the handling fee, of course, also at a [-]% discount.

In the second year, it can be used instead of Lingshi with a [-]% discount denomination, and can also be exchanged for Lingshi with a [-]% discount after the official deduction of the handling fee.

By analogy, in the sixth year, this Kenlu coin can be used as a full amount of spirit stones, and can also be exchanged for full amount of spirit stones at any time after the official deduction of handling fees.

As for the treasury does not have so many spirit stones, as long as there are fewer exchange points and the processing speed is slower, it can be delayed until there are enough spirit stones.

This alone cannot guarantee the promotion of Kenlu Coin, and there must be supporting policies.

Therefore, secondly, a decree was issued to require that all transactions not settled in Kenlu coins be doubled in tax, that is, Lingshi transactions are allowed in the market, but as long as they are found to be settled in Lingshi, the tax will be doubled.

Third, the tax paid with spirit stones can be discounted. For example, if the tax payable is [-] low-grade spirit stones, you need to pay two of the newly issued [-] low-grade spirit stone denomination Kenlu coins.To pay taxes with spirit stones, you only need to pay ninety pieces.But this policy needs to have a time limit, and there is only a five-year discount.Because if all the above policies are implemented, the treasury will no longer need so many spirit stones to pay in five years, and the people will fully recognize the Kenlu coins.

In this series of methods, although Kenlu coins are linked to spirit stones, some spirit stones are needed for exchange in the early stage, but part of the spirit stones can be recovered through tax discounts on spirit stones.The slow exchange speed can delay the time until the public fully accepts Kenlu currency. After all, there is a handling fee for exchanging Lingshi. By adjusting the handling fee, the exchange amount of Lingshi can also be adjusted.For example, there are too many physical spirit stones in the treasury, which can reduce the handling fee.

Of course, it is impossible for other countries to use the recirculation of Kenlu coins, and the reserves of spirit stones in the treasury must be guaranteed to a certain extent.

The battered officials of the household department received this opinion, and as if they had found a treasure, the household department minister immediately took the credit for himself, reconsidered the words and sentences, and wrote a memorial to the king's talisman.

After Fu Fang saw it, he was very interested, and after calling in the officials of the Ministry of Households, he made a slight modification of this method and implemented it nationwide.

It has to be said that Wang Yuan's method is still very feasible, and it immediately changed the market position of Kenlu Coin, and the market finally came back to life.And the line of ten miles long outside the exchange point, and the service staff can't exchange 2000 million low-grade spirit stones in a day.The officials just turned a blind eye to it, and it's not that they won't change it for you, it's just that it takes longer.

Wang Yuan's small goal was achieved.

In fact, Wang Yuan's idea can't be said to have any problems. If the Kenlu country strictly restricts the circulation of currency, this method can put the Kenlu country's economy on the right track.The key is how could King Fu handle it under normal circumstances.For his own extravagance, he will increase the supply of Kenlu coins indiscriminately.

Delay in payment is only a temporary behavior during the normal period, when the credit has not collapsed. If something really happens, this method is the fuse of the outbreak.

And all that Wang Yuan did was for one thing - to link Kenlu coins to spirit stones.

Not long after Kenlu Country officially launched Kenlu Coin, an underground business appeared in various parts of Kenlu, buying Kenlu Coin at a discount higher than the imperial court’s exchange fee, because the queue time is too long, even if monks have a longer lifespan than ordinary people, but It doesn't have to be wasted in this useless waiting.

So people with connections thought of this method to earn the price difference. Some people really went to queue after buying Kenlu coins. For these people, time is not a problem.

There are also some people who colluded with the exchange personnel and exchanged directly in private. This business is very good, and people with some influence in various places soon learned it.

This time, the spirit stones prepared by the imperial court were obviously not enough, and the Ministry of Household Affairs also immediately discovered this problem, but it was difficult to solve it, because the people who could do this had more or less connections with the higher authorities.

Later, someone came up with an idea, one is that the people at all exchange points are switched across the country, and the adjustment is made every month to increase the difficulty of collusion.The second is that all exchangers must leave their real names and information for inspection, and each person can only exchange up to [-] low-grade spirit stones per day.

As soon as the policy came out, it caused panic in the market, and the black market price of Kenlu currency plummeted. Fortunately, anyway, Kenlu currency is also linked to Lingshi, and it is impossible for the market to completely deny it like before.

At this time, many merchants who specialize in collecting Lu coins suddenly appeared in various parts of the land reclamation country. Their bids were a little higher than the general black market price, so the business was very good, and as time went by, they gradually is pushing up the price of Kenlu currency.It was under their boost that the price of Kenlu Coin actually rebounded.

You must know that buying up and not buying down is the first choice of all investors, and Kenlu Coin has miraculously stabilized like this.

King Fu Fang was overjoyed, and greatly rewarded the officials of the household department, and took the opportunity to issue another batch of Kenlu coins.

The officials of the household department did not dare to stop the king, but they also knew what would happen if the currency was thrown into the market.

Amidst the trembling of the household officials, the group of businessmen who suddenly appeared in the market showed their astonishing ability to absorb, once again making the risk invisible.

Even the officials of the Ministry of Households suspect that King Fu Fang is God's Blessed One, so it's all right?However, they did not dare to encourage the king to increase the issuance indefinitely.The king has sufficient funds for the time being, so he no longer forces the Ministry of Households to issue large sums of money, but small sums of money are often issued, because they are all for special purposes by the king.Officials of the household department called it private placement.