Your Majesty, the Spectacle Has Missed the Country!

Bruno always thought...

Only having its own currency is the prerequisite for becoming a truly economic power.

The many shortcomings of the physical currency currently prevalent in the mainland also gave Bruno the idea of ​​​​reforming the currency system of the Principality of Idar.

In the past, Bruno would have never dared to touch the monetary system.

But today's Norman Empire can be said to be torn apart. Pitzman claimed to be an imperial orthodoxy and established the Second Norman Empire with the support of the church. Reitz raised his arms in St. Lawrence and announced the Third Norman Empire. The Birth of an Empire.

At the same time, the aristocratic group in the west is calling for independence more and more, and the Odin Empire in the north is once again eyeing this chaotic neighboring country.

so……

External factors that might have affected the reform of the monetary system have gradually faded away,

The magical industrialization process of the Principality of Idar and the government credibility established by Bruno during this period also gave the Principality of Idar the internal conditions to carry out currency system reform.

But... currency reform is easy to say, but if it really needs to be changed, how should it be changed? What should it be changed to?

This is what makes Bruno anxious the most!

Although in the Principality of Idar today, the prestige of the Stuart family is at its peak, and the credibility of the Government Affairs Office is also widely praised, it is definitely not an easy task to exchange the heavy copper plates in the hands of civilians for a fluttering banknote. things.

Can banknotes really be used like copper plates?

Bruno is 100% sure that such an idea will definitely become a doubt in the hearts of all Idar people!

It is precisely because of this that

Only during this period will Bruno continue to accumulate the people's trust in the Idar Government Office and deepen their dependence on this land!

Only when the people of the Principality of Idar have enough trust in the Idar Government Office and the Stuart family can the reform of the currency system be gradually advanced.

and……

Bruno plans to get it right in one step and directly issue credit currency!

certainly,

Set a goal first,

You can take your steps slowly, little by little. Things related to the economy must not be rushed!

The gold standard certainly has its benefits, but once the growth rate of gold production is lower than the growth rate of commodity production, the circulation basis of this type of currency will be greatly weakened.

same,

Even if the gold standard is not adopted, the same situation will occur if the silver standard or the copper standard is adopted.

And obviously,

The rapid development speed of the Idar Principality is obviously not suitable for adopting a gold standard currency system.

Moreover...the stock of precious metals such as gold is also an important factor that restricts the Principality of Idar from adopting a gold standard or a quasi-"gold standard" system.

indeed,

The gold standard system has its own advantages. It can prevent the uncertainty of exchange rates between different currencies and prevent a certain country from having a privileged position in trade and exchanges.

But what Bruno wants is a privileged position!

As the ruler of the Principality of Idar, Bruno wants the Principality of Idar to have a privileged status that other countries do not have!

so……

Although the progress of credit currency seems to be a bit big, as long as it is implemented slowly and step by step, it will not cause too many problems.

otherwise,

Where does Bruno need to have the Idar Public University specialize in cultivating a large number of forward-looking economic talents? !

Why is there any need to set up a special National Bureau of Statistics in Idar to collect various data on the Principality of Idar? !

In his plan,

The denominations of the first edition of the Idar Principality's banknotes will be based on the previous generation, which are one dime, five cents, one yuan, five yuan, twenty yuan, fifty yuan, and one hundred yuan.

in,

One-dollar banknotes correspond to copper coins.

Twenty-dollar notes corresponded to silver shillings.

【Blowout warning:】

[Copper coins do not mean all copper, and silver coins do not mean pure silver. Take the Qing Dynasty silver dollar as an example, which is a silver dollar with lead inside the silver skin]

As for the issuance of banknotes...

Regarding this point, Bruno is not in a hurry to get it right in one step.

Civil servants at the Idar Principality Government Affairs Office, Idar Immigration Management Bureau and other institutions will be the first to use banknotes to pay their salaries on a monthly basis.

Those large-scale infrastructure projects located in the Principality of Idar will also issue banknotes to pay workers' wages.

certainly,

Considering that banknotes have just been born after all, it will take a certain amount of time from issuance to acceptance, so... the people of the Principality of Idar can exchange banknotes into copper plates, silver shillings, etc. at the Idar United Savings Bank. Heavy currency.

These metal currencies can still circulate freely.

after all……

People’s confidence in banknotes needs to be cultivated bit by bit!

As long as the Central Bank of Idar can strictly control the number of banknotes issued and keep the value of banknotes stable, then over time, banknotes will eventually become the currency favored by the vast majority of Idar people!

Presumably those students who have carefully studied economic-related knowledge such as the rediscount rate and deposit reserve ratio will not make too many mistakes!

Bruno is still very confident about this.

And the same goes for those students.

…

As one of the first batch of students at the School of Economics at Idar Public University, Kavala feels that his life has undergone earth-shaking changes in the past six months.

In fact, when they first entered school, compared with several other colleges, the School of Economics was never a popular one.

after all……

Not to mention students from civilian backgrounds like them, even the descendants of big businessmen have no idea what economics is!

What is economy?

Anyway, according to the School of Economics, what they study is a subject that studies people’s production, circulation, distribution and consumption of all material and spiritual materials.

But this definition sounded too general and not down-to-earth, and they were confused at first.

But soon...

As textbooks were distributed one after another, Kavala felt... as if he had opened the door to a new world!

The impact of transaction methods, monetary systems, and economy on the national economy and people's livelihood...

For the first time, he realized that these things that were extremely close to his daily life could be summed up into such an inscrutable knowledge!

The series of extremely typical economic phenomena such as inflation, deflation, and stagflation mentioned in the book were even more eye-opening for him!

In the process of studying at Kavala, he looked at the world from a new perspective for the first time and thought about everything around him from the perspective of economics.

at first……

Since the theory of economics is inherently very advanced, what the teachers teach is also very limited. They can only rely on the textbooks written by the Duke (in their opinion) to further understand it.

However, I don’t know when the knowledge that was originally difficult to understand suddenly became easier to accept, and their understanding of economic theory is also changing with each passing day.

Not only knowledge related to economics, but even the most difficult mathematics courses in daily life seem not so difficult to figure out.

Of course they don't know that this is actually the effect of the double buff brought by Idar Public University, and they only think that this is the result of their hard work.

However, the enhancement of learning ability has not made the students of Idar Public University feel complacent. On the contrary, it has made them more thirsty for knowledge.

Except for three meals a day, they spend almost the whole day in the library or study room of Idar Public University, studying the knowledge they have learned!

Even when I meet students from polytechnics, I can explain my understanding clearly.

It was during this day-to-day study that the news of preparations to establish the Central Bank of Idar finally reached Kavala's ears.

at this moment,

He was full of ambition and became more and more aware of the responsibilities he shouldered!

Their fate changed because of Bruno Stuart, Duke of Idar, and now it's time for him to repay the principality!

so……

Even though the burdens on them are already heavy, Kavala still balances the tasks of learning knowledge and preparing the bank very well, and he also believes...

With the establishment of the Central Bank of Idar, the name of the School of Economics will surely resound throughout the Principality of Idar!

…

The preparations for the Idar Central Bank have been put on the right track, and Krell successfully returned to Idar City in mid-December.

And the first thing he did when he returned to the Principality of Idar was to report to Bruno!

Almost as soon as he entered Bruno's study, he fell to his knees.

Um,

It is kneeling in the physical sense.

It snapped like that and almost choked Bruno who was eating breakfast.

actually……

In the Principality of Idar under Bruno's rule, even if you kneel, you usually just kneel on one knee, which means you are loyal to the lord.

But Krel suddenly knelt down, and Bruno felt pain when he heard it.

"Your Majesty the Duke..."

"Krell Calabre, I would like to be the Duke's pioneer forever, go through fire and water, no matter what!"

Krell's words were quite sincere, after all...

If it weren't for Bruno's support, how could he meet his mother and brother again, who were thousands of miles apart?

From a civilian to the director of the Idar CIA, such a transformation and leap would have been unimaginable even on Bruno's previous life on Earth, let alone in today's era when the lives of civilians are as low as trivial matters!

But……

Bruno really did it!

He promoted Krell from a laborer in a salt field to the position of director of the CIA in Idar!

These alone are enough to make Krell furious.

Not to mention that he specifically asked him to pick up his family and come to live in the Principality of Idar!

"Is your family's health okay?"

Hearing this, Karel couldn't help but shed some tears in the corners of his eyes.

This is touching from the heart!

Bruno is a Duke, but he cares a lot about his family. In this era...Krell's excitement can no longer be described in words!

"Okay...that's great!"

Claire looked at Bruno quite excitedly and sobbed sincerely.

"Okay, okay! Get up quickly! You are the director of the Idar CIA! You have to show your momentum!"

Seeing Krel's appearance, although Bruno looked nonchalant on his face, he couldn't help but feel happy in his heart.

The people of this era...

What a group of simple and lovely people they are!

Sending Krell to personally pick up his mother, Bruno thought it was just human nature, but in Krell's view, it was already a great favor!

Hearing this, Claire quickly stood up and wiped the tears from his eyes.

Then……

Then he saw the vegetable sandwich in Bruno's hand.

at this moment,

The tears that had been held back flowed down again involuntarily.

Other nobles are eager to eat and drink every day and live as luxuriously as they want, but their own Duke... not only cares about the survival of ordinary people, but he doesn't care so much about his own life.

In his opinion, Bruno was personally experiencing the living conditions of ordinary people!

"Your Majesty Duke...do you eat these on weekdays..."

Eh?

Hearing this, Bruno couldn't help but look at the vegetable sandwich in his hand.

Then it became clear in an instant.

This is a misunderstanding!

The nobles of this era did not know what a balanced diet was, nor did they know what the healthiest way of eating was.

They can't wait to eat a roast suckling pig, and then fill their stomachs with all kinds of sweets in the morning.

all in all,

Whenever Bruno saw the recipes of the nobles, he would feel... a little scared.

If you follow that way of eating, it would be unreasonable to not be fat!

On the other hand, Bruno's breakfast...

The outermost layer of the vegetable bag is freshly picked lettuce, and inside is a small amount of black basmati rice, a little chicken breast, an egg, some grilled fish fillets and some colorful fruits and vegetables. By the way, I also put my favorite on it. salad dressing.

Compared with the two, Bruno's breakfast does look a lot simpler.

Even because the vegetable sandwich is not obvious in appearance, to outsiders, Bruno may just eat a lot of vegetable leaves.

But in fact, both the taste and the ingredients inside are the best!

And...it's healthy!

Not greasy, not fattening, in line with the pagoda of a balanced diet, the nutritional mix is ​​extremely perfect.

Originally, Bruno planned to ask Krel to have breakfast with him, but now it seems... well, let's continue to maintain his bright and majestic image!

Thinking of this,

Bruno said righteously:

"Civilians can eat it, why can't I?!"

As he spoke, he took a bite of the remaining vegetable buns.

Krel, who was watching from the sidelines, was even more moved.

This is my Lord Duke!

A nobleman who is informal, kind, caring for the people, and diligent in government affairs!

Bruno naturally didn't know what Claire was thinking. He picked up the handkerchief on the side and wiped the corners of his mouth.

Not bad, it tastes really good!

It seems that the fat cook's skills have improved a lot in these days...

Add chicken drumsticks to her another day!

"Didn't I say I would give you a day off to spend time with your family? Why did you come to report today?"

"No, no! Your Excellency, UU Reading www.uukanshu.net The CIA must have accumulated a lot of things. I will go there now. I will definitely go..."

Before Krell finished speaking,

Bruno waved his hand and said in a commanding tone:

"Okay, okay! Today is the opening ceremony of the football league! You, take your family, come with me to watch the game!"

"As for the CIA...of course Bomiril and the others are keeping an eye on it, so nothing will go wrong!"

Trust is trust,

But as the Idar CIA's racket continues to expand, Krell will definitely have his hands full, and naturally he will give others the opportunity to gain experience.

And at this moment...

The corners of Claire's eyes were once again soaked with tears:

"As you wish, Your Majesty the Duke!"