Yang Rui had just obtained the right to use the currency not long ago. In the beginning, he wasn't familiar with the specific operations. Yang Rui didn't know much about the financial field to begin with.
In this regard, Trace Dragon Soul had already guessed that Yang Rui would be able to obtain the right to use the currency. They had even proposed to provide some professionals to assist Yang Rui. However, Yang Rui didn't express his opinion at that time.
Now that it was time to use the currency, Yang Rui pondered for a long time. In the end, he didn't ask Trace Dragon Soul and the other player organizations for help. The main reason was that this was too urgent and it wouldn't be appropriate for other people to participate.
Actually, Yang Rui was only lacking in knowledge. The specific steps to use the currency weren't that troublesome. He only needed to open the currency in one of the prefectures under Yang Rui's jurisdiction.
This included Linzi City and Chen Liu City (Xu Province's Peng City wasn't under Yang Rui's jurisdiction). In the end, Yang Rui still chose Linzi City. Since the third large-scale system storyline was about to explode, Linzi City was relatively safer.
After choosing to open the currency, it wasn't like in real life where the currency could be printed using the money printing machine. Even in real life, one had to consider the total economic output, the total amount of circulation and other factors. Furthermore, one had to keep gold as collateral.
The situation in the game was similar. The collateral was gold, silver and copper coins that could be circulated everywhere. Every new unit of currency had to be frozen in the same amount of game currency.
At the same time, the most painful thing was that every new unit of currency had to be paid 0.5% of the system's processing fee. If it wasn't for the fact that the exchange rate fluctuated, it could be said that it was a losing business. Every new unit of currency would cause a loss!
After the new currency was opened, the exchange rate between the unit of currency and the game currency was 1: 1. As for how the exchange rate would change, it would depend on whether the currency was strong or not.
When the demand for circulation was large, the new currency would appreciate accordingly. Otherwise, it would depreciate. This was the basic value attribute attached to the currency itself.
What Yang Rui lacked was knowledge in this area. After all, artificial control had a great impact on the appreciation and depreciation of a currency. It was the same as the control of various chips in the real world.
Due to the above conditions of the new currency exchange, Yang Rui carefully considered only 10,000 gold coins, which was also the minimum amount required by the system.
In addition to the naming rights of the new currency, Yang Rui could also change the names of the units. For example, "Donghai Dollar One Dollar" or "Donghai Dollar One Knife" were all allowed.
However, Yang Rui still used the system's usual name. The three levels of currency were called "East Sea Gold Coin", "East Sea Silver Coin", and "East Sea Copper Coin". 1 East Sea Gold Coin = 1 East Sea Silver Coin = 1 East Sea Copper Coin.
In addition to the name, the shape, material, pattern, and color of the new currency were all decided by Yang Rui. The pattern was divided into two sides. The shape and color were not specifically defined.
In this regard, Yang Rui did not spend too much time thinking about it. He also did not specially make it unique. The shape was still the traditional round shape, the material was metal, and the color was the three colors of gold, silver, and copper.
In terms of the pattern, Yang Rui only chose a set of cities and gates of Linzi City, Chen Liu City, and Peng City. They corresponded to the East Sea Gold Coin, East Sea Silver Coin, and East Sea Copper Coin respectively.
If it were someone else other than Yang Rui, there might be people who would dare to print their own face on the currency. They might also choose other shapes and materials such as banknotes. It was also possible to design the currency in a fancy way.
Of course, all these methods were allowed by the system. Moreover, there were some hidden benefits. However, Yang Rui did not change the East Sea Coin too much from the traditional game currency due to his character's habits.
The first version of the East Sea Coin was thus decided. After selecting all the options, Yang Rui selected 10,000 East Sea Gold Coins (30% of which were gold, silver, and copper coins). A large pile of new currencies appeared in front of Yang Rui.
After experimenting, Yang Rui found that these new East Sea Coins could be stored in his inventory just like the system's game currency. They would also be displayed as the corresponding number. This way, there would be no possibility of counterfeiting.
Originally, the in-game currency had to be authenticated by the system. There was almost no possibility of counterfeiting. In reality, Yang Rui had been influenced by the inertia of reality and thought too much.
After the East Sea Coin Exchange, the initial exchange rate between the East Sea Coin and normal game currency was 1: 1. This made Yang Rui's kidney ache. Including the administrative fees, Yang Rui had lost 50,000 gold coins without doing anything!
However, Yang Rui felt that he did not have to worry too much. He only limited the use of the East Sea Coin within the Trade Union. As long as the trade within the Trade Union was active enough, the exchange rate of the East Sea Coin could be increased.
Even if the Trade Union was set aside, Yang Rui did not plan to sell the 10,000 gold coins for the new currency. Before the Trade Union's qualifications were confirmed, it was likely that no one would exchange large amounts of East Sea Coins.
After completing the first distribution of East Sea currency, Yang Rui ordered all the counties in the three prefectures under his jurisdiction to do the same. He also set up a special East Sea currency exchange office in Linzi City. In a short period of time, the news of East Sea currency exchange quickly spread.
While the news of the East Sea Coin exchange was still spreading, the matter of the East Sea Coin began to take shape. On the second day of the game, all the counties in the three prefectures followed up with an official announcement that they would accept merchant registration and business rating.
The announcement clearly stated the merchant registration requirements and rating standards. It could be said that it provided a clear answer to everyone's doubts about the business rating.
First was the merchant registration requirements. The announcement clearly stated the amount of capital they had, the power they represented, and some special trading qualifications.
In terms of capital, as long as they had 10,000 gold coins or more, they could directly obtain the qualifications to register. This was also the most common requirement.
If they did not use the amount of capital to register, the merchant could also represent a governor or above, or the power of a feudal lord. After Wei Xiu 'er personally approved them, they would unconditionally obtain the qualifications to register.
Apart from this, merchants with special resources, items, and technology could also obtain the qualifications to register after Wei Xiu 'er personally approved them.
From this, it could be seen that after the merchant registration and business rating announcement, Yang Rui had also pushed Wei Xiu 'er to the forefront of business management.
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