Bulgarian Empire

Chapter 167: The Grand Canal

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London's Downing Street is brightly lit, and MacDonald's cabinet is discussing urgently. As the government of the most powerful country in the world war, there are not many things that can make them so nervous.

And what is happening right now is exactly one of them-the pound has depreciated sharply!

Everyone is prepared for the depreciation of the pound. Since the abandonment of the gold standard, the government has printed a batch of currency to solve the financial crisis.

The problem is that the depreciation of the British pound is too fast. According to the plan, they plan to depreciate the British pound by 15% within three years. It has already depreciated by nearly 30% in less than a year.

That's okay, someone must be shorting the pound! But what surprised them was that the two countries that are the main short-sellers of the British pound, the French and French countries, have not done their best yet, and even all the financial consortiums in the world have not tried their best to block the British pound!

With what they are doing now, it is impossible for the pound to depreciate so fast, and this is the crux of the problem.

Your Excellency Prime Minister, a large number of counterfeit banknotes have appeared on the market recently, and the degree of imitation is very high. It is impossible for non-professionals to verify them.

The Ministry of Finance judged that these counterfeit banknotes may have accelerated the depreciation of the pound! said Chancellor Peter, frowning.

When did the counterfeit banknotes appear? And who is behind the counterfeit banknotes? Macdonald asked with concern

In less than a month after we announced we were going off the gold standard, counterfeit money began to flood the market.

Due to the high degree of imitation, we didn't find it at all at first, and the counterfeit banknotes appeared in banks openly, let alone circulated in the market.

If it wasn't for a chance, someone was withdrawing money from HSBC and found two pounds with the same serial number. If they asked for an explanation, we would not know that there are a large number of counterfeit banknotes on the market!

Judging from the information collected so far, the circulation of counterfeit banknotes in the Far East is the largest, followed by the Americas, and the circulation in Europe is relatively small!

There are many sources of counterfeit banknotes, mainly in Japan, the three North American countries, Australia, Germany, Italy, and our own country. Counterfeit banknotes appear almost at the same time.

Obviously this was premeditated, the mastermind behind the scenes was too vigilant, we just found out about the gangsters and cut off the clues, it is difficult for us to judge who planned it! Minister of the Exchequer Pete said with a gloomy face.

There is no doubt that this must have been done by several of our opponents, but how did they remotely control so many gangsters? MacDonald said with certainty

Your Excellency the Prime Minister, they did not control the gangsters, they just printed and distributed a manual on the manufacture of sterling, disclosed all the manufacturing techniques of sterling, and then circulated it.

The above content is very detailed, including how the printing machine is produced, with detailed instructions and pictures. As long as the spare parts are bought, two or three ordinary workers can follow the instructions to assemble them.

It can be said that they have come ahead of us in terms of pound sterling manufacturing technology, and they have all been simplified to family workshop production.

Because of the economic crisis, many people now choose to take risks. If we can't take measures in a timely manner, the pound will soon be ruined! Pete, the chancellor of the exchequer, said with a wry smile.

The printing technology of counterfeit money is even more advanced than real money. Is there any reason for this?

A counterfeit money making machine can be assembled with only a few hundred pounds, and it has the possibility of large-scale circulation.

However, the value of the British pound is very high, and the profit of making counterfeit money is very generous. It is still a period of economic crisis. At this time, in order to survive, there is nothing we dare not do!

Well, from what you said, I can already guess who did it, but it doesn't work, we have no evidence, we can only pretend that nothing happened, and then find a chance to get revenge later!

The most urgent task now is how to deal with the problem of counterfeit currency. If it is impossible to solve this problem as soon as possible,

Then we will be in big trouble later! McDonald thought for a while and said.

Your Excellency, since the birth of paper money, we have been plagued by counterfeit money, and it has never been eradicated.

To solve this problem, we have only two ways.

First, strengthen supervision, destroy counterfeiting dens, and clean up those who dare to counterfeit;

The second is to improve the anti-counterfeiting technology and kill the crisis at the source.

Now we have started to take action. To improve the anti-counterfeiting technology, it cannot be done in a day or two. We have been doing it to combat counterfeiting.

It's just that this time it's very troublesome, the counterfeiters are too widely distributed, and it's very difficult for us to catch them all! said Chancellor Peter, frowning.

Then let the Ministry of Foreign Affairs cooperate with you. Anyone who dares to hinder the British Empire's crackdown on counterfeiting is the enemy of the British Empire. We will not be polite to the enemy.

In short, the counterfeit money must be killed as soon as possible, otherwise we will be in big trouble! McDonald said almost growling.

The counterfeit currency with such a high degree of imitation is too great a threat to the pound. If it spreads, the pound will become waste paper in a short time!

Did the Robin Hood catch it? MacDonald asked again.

Your Excellency Prime Minister, recently, Robin Hood has been lurking and no longer comes out to commit crimes. We will not be able to solve this case in a short time! Secretary of State Rice said with a wry smile

The robber Robin Hood is no longer committing crimes. In the short term, this is a good thing, which can let the government breathe a sigh of relief, but in the long run, it may not be so.

If they wash their hands from the golden basin, then that's all. There are many cases that cannot be solved in this world, and they don't care about adding another one.

If they reappear after a period of time, the threat will be great. The bankers don't have that much patience and let the government investigate slowly.

Let's just ignore them. Let's catch counterfeit banknotes first. Maybe they've changed their careers! McDonald rubbed his forehead and said.

He still understands the principle that the lesser harm is the lesser of two harms. For the British Empire, any threat at this time is not as harmful as counterfeit banknotes.

If left to its own devices, soon the British economy will collapse. Don't test the integrity of counterfeiters, they have no bottom line!

...

sofia

Your Majesty, the canal in the Gulf of Aqaba has been completed, and the gates can be opened to release water at any time! Prime Minister Constantine said excitedly

Oh, this is really good news, let's open the gates and release the water! It means a lot to us to be able to open the Grand Canal ahead of time! Ferdinand said happily

From now on, the yoke of the British before Bulgaria ceased to exist. From now on, the two countries will share sea power in the Red Sea region.

For the British, though, it's not so rosy.

Politically, the monopoly of the Suez Canal on the Mediterranean no longer exists, and the hegemony of the British Empire in the Mediterranean has also been broken.

Economically, half of the ships navigating through the Suez Canal every year are from Bulgaria. Now that the Canal in the Gulf of Aqaba is connected, you can know it with your ass, so don’t think about these tolls.

Even if they lower the price now, it is impossible to restore this part of the customer source. From monopoly operation to confrontation between the two, the navigation fee will definitely drop significantly, which will undoubtedly cause heavy losses to the canal company.

...

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