Chapter 111: New Currency

  Recently, the Saulte people attempted to restrict the export of Thunder Cliff goods through a tariff bill, which raised Mo Yan's vigilance. Although he used an unscrupulous method to nip this in the bud and did not have an impact on Thunder Cliff's economy, it also shows that there are still clever people among the Saulte, not just brainless fighting maniacs.

  Currently, Elan's Thunder Cliff is the most profitable, with a trade surplus that brings a large amount of gold coins to Thunder Cliff. Other cities with underdeveloped industries find it difficult to compete with Thunder Cliff's products and can only be eliminated from the market or target the lower-class residents who are very poor and have little money.

  However, this does not mean that Thunder Ridge can rest easy. In order to minimize the grievances of the people of Ailan, every month Thunder Ridge spends a large amount of money building welfare facilities and opening new factories in other cities to accommodate those skilled craftsmen who went bankrupt due to Thunder Ridge.

  In order to further solidify his grip on Eran's economy, Mo Yan decided to accelerate his control over Eran's economy, and the first thing he had to do was to issue new coins. As an important representative of a stable regime, controlling currency is a very important means. Without the right to mint coins in hand, controlling the economy can only be empty talk.

  Even the dwarven cities underground understand the importance of currency, and almost every city has its own gold coins. If Thunderhold had its own gold coins, it would be completely detached from the economic system of Erath, no longer subject to the control of the Sart people's gold content.

  The newly issued coins of the Thundercliff are also mainly made of copper, silver and gold. However, unlike the Hill Continent currency, these coins are not simply cast into a circular shape and then printed with some patterns, but have a kind of universally used Aberla (don't spit!) number on them.

  The diameter of the copper coins is approximately 1.5 cm, and the thickness is 2 mm. The front has a number "10" and some simple borders, while the back has an abstract cow head. The gold and silver coins are the same size, with a diameter of 2.5 cm, but the silver coin is 1 mm thicker than the gold coin.

  On the back of the silver coin is an image of a dragon with its wings spread, and if someone who has seen Jones sees this pattern, they will find that the dragon is exactly the same as Jones' dragon body. As for the most important gold coin, the flag emblem of Thunder Cliff is printed on the back, and the denominations of the gold and silver coins are 1,000 and 100 respectively.

  Around the three Thunder Cliff minted coins, there is a raised border, not only more beautiful but also can prevent people from profiteering by clipping coins, this is a big innovation in Hill Continent. Although no one has thought of making money in such a way in Eran yet, it's still better to be safe than sorry.

  Nowadays, if a merchant from Elan wants to buy products from Thunder Cliff, he needs to go to the bank in the city and exchange his Sart gold coins for the special currency of Thunder Cliff. The reason why Thunder Cliff sets the face value of its currency is to add an additional value to it, which is the creditworthiness of Thunder Cliff.

  The prices of goods in Thunder Bluff are now represented by simple numerical values, no longer requiring calculations of how many gold coins and silver coins. For example, a spider silk cloth priced at 300 can be paid with three silver coins or thirty copper coins, eliminating the need for cumbersome calculations.

  The currency of Lei Ting Cliff does not recognize the so-called gold content, but only recognizes the face value on the currency. Mo Yan initially planned to use cheaper paper money as the new currency for Lei Ting Cliff. However, due to the production problem of sheepskin paper and Mo Yan's lack of knowledge on how to make counterfeit-proof paper, he had no choice but to adopt this gold currency method.

  The newly issued coins of Thunder Bluff have added other alloys, making the currency look more shiny and attractive. After determining the style and ratio of the new gold coin, Thunder Bluff melted a large part of the Sault Gold Coin in the treasury into new Thunder Bluff Gold Coins with a new ratio, and the new coins were three thousand more than the original ones, which can be seen that the gold content of Thunder Bluff Gold Coins is not high.

  However, the low gold content of Thunder Bluff's coins is not a problem, as Thunder Bluff's credibility allows the coins to have the same purchasing power as regular gold coins even when their gold content is not high. As long as Thunder Bluff remains in a state of huge profits and keeps up with production capacity, it will not easily lead to inflation.

  Mo Yan still had confidence in productivity, because during the internal chaos in Ailan, Mo Yan painfully carried out an industrial adjustment in Leiting Village. He increased the development of some light industries, expanded the area and labor force for grain cultivation, which enabled Leiting Village to have surplus grain for brewing while meeting the living needs of urban residents.

  The transparent wine of Thunderhead is already famous in Carthage and Marlo. Although the people of Carthage, due to their beliefs, are unwilling to directly purchase from Thunderhead or claim that it was produced domestically, and have even replaced the large wine barrels with the cow head logo with their own, this is merely a cover-up. In reality, most of the wine connoisseurs in Carthage know exactly where it comes from.

  "Do you recognize this?" The old man in the Flanders Chamber of Commerce handed a few gold coins to Lauren and asked. The tax riot a month ago had subsided, and after only three days of legislation that went nowhere, Lauren finally confirmed that no one would want his life anymore, and he began his daily trade again.

  A month later, he was called to Arica City again by the old man. The old man felt tense about some of Lei Ting Ya's behavior and needed this talented young man to make decisions for him.

  "This is the newly discovered coin of Thunder Cliff." Lauren recognized the strange gold coin in front of her at a glance and said to the old man, "Only it has a high edge around it, so no one will cut off a small circle from the surroundings. The other metals that make up this coin make it very shiny."

  "So that's the use of this high edge." The old man picked up the gold coin and carefully looked at the high edge, thought for a moment and finally agreed with Lauren's statement. If someone uses scissors to cut off the outer circle of the gold coin, although it is not a moral act, but it is indeed a profitable way.

  "Never mind that," the old man sighed and sat back in his chair, making a gesture for Lauren to sit down as well. "Recently, there have been frequent movements from Thunder Cliff, not only issuing this currency with a low gold content, but also opening up an industry called banking in the cities of Eran."

  "Raiden Cliff wants to take control of Eran's economy as soon as possible." Lauren spoke out the idea that had been brewing in her mind for a long time: "At first, Raiden Cliff may not have consciously controlled Eran's economy, but our previous actions made him aware of the problem, and now he plans to take control of Eran's entire economy."

  "This is exactly what I was worried about." The old man rubbed the Thundercliff gold coin in his hand and frowned, "The gold content of such coins is much lower than ours, but they have a very high value. The parliament in the city has not noticed this discrepancy, and they are still foolishly issuing high-gold-content coins."

  "Yes." Lauren nodded and said, "Our gold coins have a much higher gold content, but if you want to buy products from Thunder Cliff, you must exchange your gold coins for Thunder Cliff's gold coins. This is undoubtedly giving money to Thunder Cliff, they just need to melt our gold coins and make more gold coins to continue to swindle the money in our hands, at that time all of Eran can only use Thunder Cliff's gold coins."

  "But the people seem to welcome such coins." The old man, looking worried and troubled, said: "Obviously, the gold content is not high, but it can be used as ordinary gold coins. I really don't understand why this is the case. As you said, every time we make a deal with Thunder Cliff, we are losing money."

  Lauren's business acumen was amazing, and he had been puzzled by this situation before. Although the gold coins of Thunder Cliff were not worth as much as those of Sart, they were more popular. But after some thought, Lauren understood the reason.

  "Credit and productivity are the guarantees of the value of Thundercliff's gold coins." Lauren explained to the old man, "Thundercliff has the best means of production in Eran, which is something we've known from the start. As long as they can produce more and better products, and Thundercliff has never defaulted, then Thundercliff's gold coins will always be superior to Salter's gold coins. The numbers printed on this coin, as well as the value of the goods promoted by Thundercliff, are all preparations for this."

  "Ah, I see." The old man was indeed a veteran of the streets, and he grasped the key point in Lauren's simple explanation in an instant. This fresh theory made his eyes light up. He somewhat understood why Thundercliff was so powerful now; that Thundercliff monster was unknowingly many times stronger than the people of Sartre just in terms of ideology alone.

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  Update 4 is coming

  I saw the requirement on Baidu Tieba, although I'm not very good at economics...