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Originally, Yang Rui did not plan to open the East Sea currency to Liegeman in his territory. He only wanted to use the currency as a means of circulation within the Merchant Alliance and as a tool to restrict the Merchant Alliance.
However, the East Sea currency had a good future, and there was a lot of room for appreciation. Furthermore, it had become a bargaining chip that Starlight and Long Sky had high hopes for. The East Sea currency was going well from the start.
Yang Rui was also very confident in the East Sea currency that he released. As the saying goes, the pavilion closest to the water enjoys the moonlight first. If he did not let the Liegeman in his territory benefit from it, it would be a huge loss.
With Yang Rui's reputation and authority in Qingzhou, Yanzhou, and Xuzhou, even if Yang Rui could not make an announcement to ban the circulation of the East Sea currency, he could still use the East Sea currency to replace it. Even if he only made an appeal, it would still be very appealing.
Reality proved this point. When Yang Rui used the reason of promoting the development of the Merchant Alliance to release the East Sea currency in the three states, all the Liegeman in his territory started to move.
At the same time as the announcement, the exchange offices in Yanzhou and Xuzhou were also opened. The process of the East Sea currency exchange was synchronized with that of Qingzhou, and it was officially opened to Liegeman NPCs at the same time.
Liegeman in his territory responded to the announcement and started to flock to the East Sea currency exchange offices. They formed long queues, waiting to exchange the East Sea currency.
All this time, Yang Rui had been promoting the policy of keeping the wealth in the people's hands. Starting from the resource exchange system and the farming system, Yang Rui had paid a lot of attention to keeping the benefits for the Liegeman.
At the same time, Yang Rui had also implemented a policy of tax exemption. The main source of income for his territory came from the farming system and the resource exchange system. He did not take any benefits from the Liegeman.
Moreover, the military subsidy system also allowed many Liegeman NPCs to obtain real benefits. With the size of the military in Yang Rui's territory, the generous military subsidy system had made a lot of people rich.
Combining all of the above, almost all the Liegeman NPCs in Yang Rui's territory were very rich. Unless they were facing special circumstances such as special diseases, every Liegeman and every family had quite a bit of surplus.
With the wealth in addition to Yang Rui's charisma, the Liegeman lines in the exchange offices in his territory grew longer and longer, almost becoming a scenery.
The Liegeman NPCs in his territory were only able to eat their fill under the various systems implemented by Yang Rui and gradually live a good life. Naturally, their trust in Yang Rui was self-evident.
At this time, Yang Rui was just calling everyone to exchange East Sea Coins. Even if Yang Rui asked everyone to hand over their savings, most of the NPCs would respond to Yang Rui's request without hesitation.
The NPCs in the game were simple people, especially after experiencing the chaos and peace. The Liegeman's trust in Yang Rui was unparalleled.
In the end, the line of NPCs to exchange East Sea Coins grew longer and longer. In many places, there were even lines that were several kilometers long. Yang Rui had seriously underestimated the Liegeman's enthusiasm for exchanging East Sea Coins.
Under such circumstances, Yang Rui had no choice but to ask the officials to make another announcement, asking all the Liegeman NPCs to stop queuing and instead report the amount of East Sea Coins they wanted to exchange to the village chief. After the statistics, it would be reported one by one.
In the end, Yang Rui would receive the total amount of East Sea Coins needed, which would be distributed by the officials. After that, the NPCs would bring the game coins back and complete the exchange between the game coins and the East Sea Coins.
The problem of queuing for East Sea Coins was quickly solved. The officials at all levels quickly began to calculate the amount of East Sea Coins that needed to be exchanged.
The calculation of the amount of East Sea Coins needed to exchange was done by county. In less than two game days, some counties had already reported their results. Most of them were counties with smaller areas and smaller populations.
Even so, the exchange figures reported by these counties were still very impressive. Almost every small county required at least two to three million gold coins, and some even required more than five to six million gold coins, not to mention that this was a relatively small county with a relatively small population.
If the situation of the other counties was the same as the first few, then the amount of East Sea Coins needed to exchange would be astronomical. It would far exceed Yang Rui's expectations.
After some consideration, Yang Rui immediately pawned another 20,000,000 gold coins and chose to issue the same amount of East Sea Coins to satisfy the demand of the first few counties.
No matter how the exchange ratio between game coins and East Sea Coins changed, the ratio of game coins to East Sea Coins that needed to be pawned would not change. It had always been a 1: 1 pawned and issued ratio.
This time, Yang Rui allowed the exchange of East Sea Coins for NPC Liegeman NPCs under his jurisdiction, and the exchange ratio was also fixed at 1,000: 1. In other words, no matter how the exchange ratio changed in the market, Yang Rui would always maintain this constant ratio to ensure that the wealth of NPC Liegeman NPCs would not depreciate.
Even if the exchange ratio was constant, Yang Rui would still make a lot of money after deducting the issuance fees. At the same time, the value of East Sea Coins would increase by a lot the moment the NPC Liegeman NPCs received them.
The only thing Yang Rui needed to maintain was the speed of the return of funds. The number of East Sea Coins in each county continued to surge. As the county and population grew larger, the number of East Sea Coins needed to be exchanged increased as well.
By the end of the third game day, a few counties had already exceeded 10,000,000 gold coins in exchange for East Sea Coins. On average, it was around 6,000,000 gold coins. If the funds from the first few counties could not be returned, Yang Rui's funds would be put to the test.
At this time, Yang Rui's funds had already exceeded 140,000,000 gold coins, and the number of counties under Yang Rui's jurisdiction had reached nearly 180. Using Yang Rui's funds as collateral to issue East Sea Coins, he might not be able to guarantee 20% to 30% of the total demand.
Fortunately, on the fourth game day, the first few counties to exchange East Sea Coins began to have the return of game coins. This ensured that Yang Rui continued to freeze and issue East Sea Coins. After forming a virtuous cycle, it also ensured that Yang Rui's capital chain did not break.
After the return of game coins, Yang Rui froze and issued East Sea Coins again. This continued for more than ten game days. Finally, the exchange requirements of all counties were satisfied.
During this period, Yang Rui had frozen 1.5 billion gold coins. While issuing the same amount of East Sea Coins, he exchanged 1.48,000,000 gold coins from the various counties.
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