Bulgarian Empire

The full name of the Federal Reserve Bank is: Bulgarian Joint Reserve Board. Its establishment marks that Bulgaria's monetary system has entered a new era!

Of course, things are not that simple. There are many issues that need to be discussed when the three major banks join hands to form Lev.

Whether it is the distribution of the right to speak, or the ratio of the reserve gold provided by each, and the currency fees drawn by each party, there must be a clear regulation!

After all, there is a cost to running currency, and the benefits can be transferred to the government through seigniorage, but you can't let everyone lose money to do it!

Of course, these jobs have nothing to do with Ferdinand. After the approval of the establishment of the Federal Reserve Bank, the remaining specific work content is a matter for the cabinet and the Ministry of Finance.

In order to be able to coordinate the relationship between each other smoothly, Minister of the Exchequer Kennedy had to personally serve as the chairman of the Bulgarian Joint Reserve Committee and preside over the work of the currency bank!

The Federal Reserve Bank can actually be regarded as a replica of the Federal Reserve, but it is not responsible to Congress, but to Ferdinand.

It is responsible for formulating Bulgaria's current monetary policy, including the provision of deposit reserve ratios, approval of discount rates, management and supervision of Bulgaria's domestic banks and other member banks and holding companies.

Its role is to control the currency and credit, and use the three levers of open market business, bank loan discount rate and financial institution statutory reserve ratio to adjust the Bulgarian economy.

The Federal Reserve Bank has independent decision-making power in monetary and financial policies and is directly responsible to Ferdinand. To a certain extent, it has escaped the control of the government and become an independent subsidiary!

The same as the Federal Reserve, the Federal Reserve Bank is also a non-profit institution. It is a public welfare organization. The current purpose is to meet the current needs of Bulgaria's domestic commercial trade circulation.

In the future, the Federal Reserve Bank will be one of Ferdinand's main weapons to regulate the Bulgarian economy. The method is very simple to adjust the interest rate!

If the economy overheats, it raises interest rates and shrinks money, slowing the economy and reducing inflationary pressures.

If the economy is in a downturn, it lowers interest rates, loosens money, and stimulates economic growth.

The key is to regulate the increase and decrease of interest rates according to the economic situation, and it must be just right.

Currency leverage is the most effective weapon for the Federal Reserve Bank to regulate the economy. In the future, the Federal Reserve Bank's adjustment of interest rates will not only affect the economic trend of Bulgaria, but also the economic situation in the Near East!

Now, the Federal Reserve Bank has obtained the authorization of Ferdinand to approve a currency worth one billion levs, which will be put into the market through government investment or bank loans, etc., to alleviate the shortage of domestic currency flow!

Of course, the reserve gold for this part of the currency is naturally issued by the United Bank and the Royal Bank together! The National Bank's reserve gold has long been used to print notes.

As for how this ratio is determined, Ferdinand is not clear. Anyway, it cannot be 1:1. There are only so many gold reserves in the world!

If it was 1:1, the military expenditure of the British in the Boer War in history was as high as more than 2,000 tons of gold. That's a fart, which was nearly half of the total British gold reserves at that time!

In theory, as long as it can be exchanged normally, you can print as many currencies as you want!

Of course, this is an idealized situation, and this specifically involves the balance of foreign trade!

If there is always a surplus, theoretically it doesn’t matter if the reserves are low, anyway, gold is flowing in; if there is a deficit, you have to be careful, if the reserves are insufficient, one day the gold will be exchanged, and it will be over!

Greece is an example. The gold reserves are too low. When the outside world loses trust in the government, the currency immediately jumps!

How about the specific situation, Ferdinand doesn't care anymore, let the economic experts do the calculations!

Now his job is mainly to engage in gold, and he must acquire the gold needed for Bulgaria's future currency!

In the short term, Ferdinand has saved his wealth for more than ten years through the two major banks.

Covert transformation into Bulgaria's gold reserves.

Theoretically, Bulgaria’s total gold reserves now exceed 100 tons of gold; in fact, only 30 tons of gold really belong to the Bulgarian government, and the remaining 60 tons are still Ferdinand’s wealth. It was put there as a reserve fund!

The accumulation of normal means is really too slow. Even after more than ten years of tossing around, Ferdinand only collected more than 60 tons, with a total value of less than 10 million pounds!

But gold and the pound are obviously not of the same magnitude. With 60 tons of gold in the hands of Ferdinand, he can easily print currency equivalent to hundreds of millions of pounds!

At this time, in Ferdinand's mind, the huge treasures that were discovered in later generations emerged in his mind. After making an inventory, he found to his surprise that none of them were easy to get!

For example, salvage a sunken ship! Ferdinand only knows the approximate sea area, the specific location? I'm sorry for the media reports in later generations, and there is no detailed explanation?

Many places, maybe even the name has changed, how to find? Even if you find it by luck, with the current salvage technology, working on the bottom of the sea, are you sure you can successfully fish for the gold?

Moreover, they were all on someone else's territory. After much deliberation, Ferdinand finally decided to attack Ah San.

At least the safety is guaranteed, if they are found out, it's a big deal to share it together, if they don't find out, they can take it all by themselves, it's better than making wedding dresses for others, and losing everything!

Kerala, located in the southwestern part of India, faces Sri Lanka across the sea, faces the Arabian Sea, and leans on the Western Ghats in the east. It is narrow and long in the north and south, and wide in the middle.

The central part is the Malabar Plain, with ups and downs, the southern part is almost entirely hilly, and the northern coastal area is full of sand dunes. Most cities are distributed along the coast.

Tropical forest climate, hot and rainy, with an average annual precipitation of 2,400 mm. Forests account for about one-third of the total area, covering an area of ​​15,000 square miles. The territory has 44 rivers and is the most densely populated one in India.

It is a precious tree described in Journey to the West with gold as the root, silver as the body, glass as the branch, crystal as the tip, amber as the leaf, jade as the flower, and agate as the fruit. Happy West Paradise.

At this time, Morka-Valdo was leading a brigade of intelligence personnel, looking for the legendary Padmanabaswamy Temple.

Thanks to the wonderful caste system of Indians, white people are the supreme existence, so Morka and his party arrived at their destination smoothly.

Now their identities are experts and mercenaries of the United Mining Company, and they come to India for business, simply to find gold mines!

So this group of armed men with more than a hundred people entered Kerala swaggeringly. The British colonial government pretended that they hadn't seen anything, and instead provided them with convenience!

Now the United Mining Company is already well-known in the UK. In recent years, the gold production of the United Mining Company has repeatedly hit new highs, and it is already one of the largest gold mining companies in the world.

Coupled with Edward's pretentious nature, now people with a little power all over the world know that this international company belongs to the Saxe-Coburg-Gotha family.

As long as they are normal people and there is no conflict of interest, everyone is happy to provide convenience. For example, when looking for gold mines in India this time, the London head office had a friendly communication directly with the governor of the Indian colony.

An intelligence officer who went out to inquire about the news said: The Padmanabaswamy Temple was built in the 16th century and has a high reputation in the local area. Every day, countless believers go to worship and want to sneak into the temple. Very troublesome!

After hearing the intelligence personnel's introduction, Morka's face was very ugly. It is very difficult to steal the gold without anyone noticing, and this task was ordered by Ferdinand himself, so it is very important!

Once the news leaks out, God knows how much they can share in the end. After all, this is the territory of the British, and the interests inside are so great that even if Queen Victoria comes in person, it is difficult to swallow them all!

Suddenly Morka's eyes lit up, he smiled, and said: Now we are divided into three groups, sending experts to each other to continue searching for gold mines in India, and trying to find a way to build a gold mine in the Padmanabaswamy Temple. Big event.

Then, the colonial government found an excuse to block the temple, and the remaining people entered as temple maintenance personnel, and then tried to take away the treasure!

Once we got it, we left through the Arabian Sea, where there was a ship to pick it up!

Morka had to be thankful that the Indians were religious enough, basically no one dared to go to the temple, and even the inferior repairers could only work as coolies and could not go deep into the interior!

Boom! With a loud noise

The Padmanabhaswamy Temple was severely damaged, and then there was news of the Indian Independence Baath Party's uprising. The colonial government immediately took action to extinguish the uprising, and the whole city was put under martial law!

At the same time, the administrators of the temple were all attacked and killed, and the restoration work of the temple was temporarily taken over by the colonial government!

Morka and his team entered the temple as architects and directed Indian labor to restore the temple!

At midnight, Morka came to the back of the temple. The gate here was locked with a lock. I don’t know how many years, the lock has long been rusted.

At this time, the Indian laborers were beaten far away, and the temple was surrounded by their own people.

Morka and the others were not believers in the temple, so they directly opened the door violently. The rest of the work will be left to professional tomb robbers, not archaeologists!

In order to deal with the trap inside, these experts have specialized in the study of Indian history, and carefully entered the secret room!

Going down the steps, there is only an empty space in the secret room, there is nothing there, obviously someone has entered it.

Morka looked around carefully, and said lightly: Look for it, there is a dark room inside, and the treasure should be hidden in the dark room!

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