Chapter 166: 166 Currency problem


    After the empire sent printing technology to all four countries, the four emperors had an ordinary resolution. The establishment of the Tang Wu Bank is a central agency responsible for financial matters especially.


    Tang Wu Bank collected six hundred tons of gold from all four countries. It is based on the currency of the Fen that is produced.


    The courts of each region hold a partner in Tang Wu Bank. 25% of each area with its head office in Chang''an, Datang Region and built hundreds of bank branches spread across four countries.


    They all agreed to make this currency as great as the Yuan. They, therefore, have the approval of mined gold and gold reserves in their own country. They areing out in the bank each month to build the confidence and stability of the currency.


    The Fen banknotes were produced into the economy of each region. To rece the original silver coin that the four areas used as money before. They were causing each area to reform, leading to modernity, Full enter to the standard gold era.


    The new forms of the Fen banknotes are simr to the Yuan notes But have slightly inferior quality. This new currency quickly became popr. Rece the original silver coin money of each region.


    "I heard that the royal court issued bills. You can exchange it at Tang Wu Bank." Many vigers exchanged information on this matter as well.


    "Hey, I don''t really trust this currency that the royal court publishes." Still, some people are skeptical of this paper currency. This was different from the Yuan currency that they needed to be used to. They exchanged modern goods with the empire.


    "Don''t worry, and I heard the officials say. These banknotes can be exchanged for gold." Many quickly emphasized the reliability of the new currency. So that most people ept it.


    Tang Wu Bank wants to build confidence with everyone. Therefore, every banknote has a value that can be exchanged for gold, ording to the gold standard.


    This new type of currency is gradually being epted very quickly. Businessmen, many merchants who heard that. Therefore exchange their gold for banknotes and keep it in their hand for the purposes of good exchange stuff.


    Emperor Li Lianzhong happily watched the bills. On this new banknote, there are images of the emperors of four regions together.


    Although Li Lianzhong had to divide the space to put his photo in the banknote with other emperors, at this point, he is already satisfied.


    The new banknotes were quickly used in four countries. It reces the yuan currency in the market. At this time, problems arose.


    "Why don''t you ept this Fen bill?" A merchant was arguing with a businessman from the empire in a trade.


    "I only ept Yuan banknotes." The empire''s businessman shook his head. Such banknotes are not epted.


    "This Fen currency of my money. I can use this Fen to pay off my debt ording to thew."


    The merchants from Da Tang continued to argue without consent.


    "So then, I have the right under the empirew. Not to sell stuff to you," the businessman cited thew.


    The Da Tang merchant kept silent. He knew that he couldn''t bring the Da Tangw to deal with the other merchant from the empire. Right now, Da Tang lost their territorial rights. They cannot enforce rules against imperial citizens ording to unequal treaties.


    At this moment, the Da Tang merchants were in pain that their country would be in this state.


    The reason people in business from the empire did not ept the new type of currency that the four regions printed. Because Zhao Lingxin intervened.


    The government has announced that all kinds of international transactions. Will ept only Yuan currency. No longer epts other currencies.


    After the provinces realized this, They all walked forward to the imperial embassy in their own capital. To file a protest against such matters.


    "Why don''t you guys agree to ept our currency in the transaction?"


    Ambassadors were brought together in a protest.


    Of course, the answers they got were helpless.


    "Of course, I won''t ept it. Why? If you all are not satisfied, get off. It''s like a street thug refusing to listen to any reason.


    The ambassadors walked out of the imperial embassy in awe.


    Zhao Lingxin wanted the Yuan currency to be an international currency. If anyone wants to trade with him, they have to bring in Yuan currency.


    For this reason, the royal court of various provinces could only resist this feeling in their hearts. Without a way, they had Tang Wu Bank reserve the international currency like Yuan. By giving their people who want to trade with the empire. Muste to exchange the money to be Yuan at the bank first.


    These measures create a very difficult transaction. Many people chose to hold the Yuan in their hands. Refuse to use their own national currency.


    That makes the yuan ratio in the international market right now at 43 percent. Almost half already entered the four regions'' economic system.


    At Chang''an, City of Datang, at the front of Tang Wu bank. A young businessman wearing a suit walked into the Tang Wu bank.


    This young businessman waited for a while. When he reached his turn, he walked to the bank counter.


    "I want to withdraw money for a thousand fen of gold." This amount is over a thousand fen. Compared to the Yuan, it would be equal to five hundred Yuan, which is a considerable a lot of amount of gold.


    "Sir, please wait a moment. It''s going to take a little bit of time for banks to get the gold out," the employee said.


    "It''s okay, I can wait," said the businessman.


    After a while, the banker withdrew the gold.


    "I have to check the authenticity of the banknote first."


    The young businessman had a glimpse of contempt. Before he disappears, He dared to swear in his heart that if the other found anomalies on these banknotes, He agrees to kill himself in front of him.


    This young businessman is number 6a spy of the Ministry of Defense. ording to Zhao Ling Xin''s ns, he traveled to do a special mission of the government in the money intervention.


    The four regions of the banknote printing technology. It was Zhao Ling Xin''s mercy given to each other. Therefore, it is not difficult to counterfeit the currency.


    The court of the various provinces tied the value of money to gold. It also allows the gold to be exchanged back. Would immediately enter Zhao Lingxin''s way. He hurriedly ordered the Fen bills to be printed out. Distributed to the spies, they gradually traveled to trade gold.


    As for Zhao Lingxin, gold was not of much value. But it was enough to hurt all four countries.


    This n must not panic with many people. The spies dispersed into smaller groups. They distributed them to various bank branches. They were exchanging gold.


    "The inspection is correct. Here is it, sir''s gold." The banker handed the gold bar to Agent Number 6.


    "Thank you very much." Agent No. 6 smiled.


    It was as urate as he had expected. These employees were indecisive. It''s not that the imperial counterfeiting technology is excellent. But because the empire is even the one who delivers technology.


    Not only that, the empire had sent design experts to assist the four countries in the past. Come to be responsible for printing counterfeit banknotes this time.


    The royal court had never expected such a way like this before. They might be shocked that the powerful empire hase up against such a child. There was no dignity of great power at all.


    Number 6 took out the gold from Tang Wu Bank. He headed to a ce to deliver the gold back to his country.


    Although Zhao Lingxin was not indifferent to these golds, the government refused to let go. They desperately needed this set of gold. Suppose they sessfully cut the four provinces of the royal court. In that case, The imperial government will receive more than six hundred tons of gold by putting the only effort into printing counterfeit banknotes.


    He is just waiting for the time. By then, the financial systems of the four countries will copse. Turned to rely on the yuan currency, The loss of economic sovereignty is wholly lost.


    Number 6 walked to amercial alley. Until meeting with a suit tailor shop, He walked confidently.