The next day, just as Tang En was about to return to Alinx to celebrate the Glorious Festival with Aurelia and the others, a piece of good news came from the Magical Engineering Research Institute. The key problem with the banknote printing machine had been solved, and a new batch of banknotes with triple anti-counterfeiting functions had been successfully printed.
"Tsk tsk, triple anti-counterfeiting."
Tang En looked at the banknotes in front of him and clicked his tongue in amazement.
Even on Earth, the anti-counterfeiting measures for banknotes were nothing more than that. Magnetic stripe, watermark, anti-counterfeiting printing, and at most, the currency number.
In terms of effectiveness, it was not as good as the triple anti-counterfeiting measures here.
According to Tang En's instructions, and considering the habits of Prandal citizens, Tang En canceled his original plan of using rounded corners and continued to use gold, silver, and copper. However, it was no longer a currency, but a monetary unit, no longer linked to the currency material. He could not force the people of this world to follow him and adapt to a new monetary unit, so using gold, silver, and copper was probably the most acceptable to the market.
The banknotes were divided into 100 gold, 50 gold, 20 gold, 10 gold, 5 gold, 2 gold, 1 gold, 50 silver, 20 silver, 10 silver, 5 silver, 2 silver, 1 silver, 50 copper, 20 copper, 10 copper, 5 copper, 2 copper, and 1 copper.
One gold (dollar) was equivalent to one Irus gold coin, one silver coin was equivalent to one silver coin, and one copper coin was equivalent to one copper coin.
This also meant that the value of the new monetary unit was the same as the original monetary unit, except that it had changed from metal currency to paper currency.
It looked like taking off one's pants to fart, but in fact, it freed up a lot of metal resources.
As for the currency equivalent to one star diamond crystal coin, Tang En did not consider printing it. On one hand, such a large denomination would be suspected of inflation. On the other hand, although star diamond crystal coins were still in circulation in the market, they were very few in number. The reason for its appearance was that the original currency was too heavy. One star diamond crystal coin was definitely more convenient to carry than a hundred heavy gold coins.
Now that it was changed to lighter banknotes, those shortcomings were no longer there.
Speaking of which, the star diamond crystal coin was actually a large private currency issued by the Star Diamond Bank with its own bank strength as a guarantee. It was also a kind of credit currency.
In fact, this exchange was quite simple and crude. According to the actual purchasing power, one gold coin in Prandal had the purchasing power of 100 yuan on Earth. This meant that a magic-powered phone that sold for 99 gold coins was actually equivalent to 9,900 yuan, and a ton of wheat for 12 gold coins, which was more than 1,200 yuan.
However, Tang En had to consider the situation of Prandal's deflation — that's right, it was deflation (see Chapter 884 for details) — so he had no choice but to come up with this plan.
He really did not have the energy to figure out how to restore order to the Prandal economy, so he could only use simple and crude methods to normalize the chaotic market and force the nobles who had a habit of saving gold coins to exchange all their gold coins for banknotes.
When all the gold coins that the nobles had accumulated flowed into the market, the circulation of banknotes would gradually be equal to the gold coins. The gold coins that were not exchanged would also not participate in the circulation, so it would not lead to excessive circulation of currency. The value of commodities would naturally continue to rise with the development of the economy, and the actual value of the currency would naturally return to its original position. The situation of deflation would also gradually disappear.
Everything would be left to the market to solve itself. He was not here to be an economist.
According to their discussion, the printed banknotes were printed with beautiful and complex patterns. These patterns were designed by Clover and Ailili, and normal people would not be able to draw them at all.
The largest denomination of 100 yuan banknotes had the heads of Humans, Elves, Dwarves, Pygmies, Orcs, Goblins, Dragons, Dark Elves, and several other races on the front of the banknotes. Each race formed a circle with a palm stacked together in the middle, and the green vines of the World Tree formed a frame around it, symbolizing the unity and peace of each race.
It was not that the banknotes were discriminating against the Nagas, the Nubilao Fishmen, and the other small races, but these races were printed because they were the main users of the currency.
Originally, Clover and Ailili intended to use Tang En's head, but it scared Tang En. It was not easy to persuade them to use a fictitious head. Based on his mission, there was nothing wrong with printing his head on the currency, but he did not want to make any big news.
However, out of a good impression of Tang En, when Clover drew the human head, the head of the human looked somewhat similar to Tang En at first glance. Moreover, she used a special drawing technique. From a certain angle, the human head would look like Tang En, and the Elf head would look like Clover herself. After knowing this, Tang En could only accept his fate. This could also be used as an anti-counterfeiting method.
The image of the Elves was chosen in the image of Queen Izari, and the image of the Dragons was chosen in the image of Sasaglot. With the lifespan of the Elves, it was estimated that after a few more versions of the currency in the human world, she would still look the same.
The Dwarf's head was originally Durandon, but Brian insisted on changing it to his head. When the final draft was finalized, Tang En simply called Eibron over and blocked Brian's mouth.
The Dwarf's head was undoubtedly Clotho, and the Orc's was Testero. Sharp Fang was not interested in being the image on the currency.
The Goblin did not ask and directly chose the image of Reiviz's Golden Tooth as the representative.
On the other hand, the Dark Elves were in a bit of trouble. The mother and daughter pair, Lola and Rowling, even quarreled over this matter. In the end, they went to Twain and insisted that he be the judge. Ignoring the shocked Twain, they finally decided to use sleeping techniques to determine the winner. In the end, Rowling lost to Lola and could only dejectedly accept her fate.
Naive girl, you still don't understand the power of the evil forces of the chest …
The images drawn on the other banknotes were mostly related to the landmarks of Prandal, such as the Radiant Cathedral of the Radiant Church, the Emerald Forest's Emerald Corolla, the Underworld's Shar 'Hera, and so on. They were very recognizable and could be identified at a glance.
In addition to the banknotes, there was also a simple "money detector" placed next to the banknotes. This was the machine that Tang En specially asked to be used to verify the authenticity of the banknotes. The machine was equipped with a device to identify magic emblems and divine runes. Although Prandal was supervised by a true god and the general culture was simple and honest, there were always one or two scums. If there were really people who imitated the banknotes, it would give the ordinary people a chance to identify the banknotes.
Originally, Tang En wanted to do it steadily, as introducing a new currency would have a great impact. However, this year's Brilliance Ceremony was a great opportunity. Tang En talked to Aurelia and Olina, and they all slapped their heads and made the decision without any hesitation.
Therefore, the news that the Irus Mint was reorganized, and the Irus Empire was carrying out a currency reform and issuing a new paper currency suddenly appeared in the public's eyes.
…
The Brilliance Ceremony was in full swing. Merchants, believers, and consumers from all over Prandal swarmed into Alinx. In only a couple of days, Alinx had consumed more resources than it did in a month.
But at the same time, these foreign migrants brought enormous wealth with them. When they left, they took away a lot of local products and left a huge fortune behind. The local merchants who had made a lot of money couldn't stop smiling.
Of course, in the entire Brilliance Ceremony, the one who made the most profit was definitely the Datang Chamber of Commerce.
Because the products sold by the Datang Chamber of Commerce were too special, there were no competitors at all. In the past few days, the Alinx branch of the Datang Chamber of Commerce had already signed orders for more than five thousand magic harvesters, as well as matching planters, sprinklers, and so on. After the introduction of the new recreational bicycles and children's scooters, there was a wave of sales, and more than ten thousand of them were sold in just a few days.
The Harley-Davidson motorcycles for the civilian market had also achieved gratifying results. The Alinx branch alone had sold more than two thousand motorcycles, and there were also sales in other cities.
The already famous magic air conditioners, magic refrigerators, and other magic furniture products were also selling like hotcakes.
What the merchants took away were not only the products, but also the brand new image of Alinx.
In the past few days, the new roads in Alinx, the convenient public transport system, the newspapers and magazines that could be obtained at any time and place, and the widespread literacy rate left a deep impression on the merchants.
What surprised them the most was that the magic furniture that had been an expensive luxury during the Brilliance Ceremony last year had now entered thousands of households. Even some of the high-class taverns were equipped with them. After enjoying the convenience brought by the magic furniture, they would definitely not be used to the backwardness of having to rely on carriages when going out and having to rely on the wind when the weather was hot.
A kind of invisible worship for Alinx, or perhaps for the Irus Empire, or more accurately, for the Datang Chamber of Commerce, had appeared. Many people expressed their desire to settle down in Alinx, but Alinx's development had been restricted. The population it could accept was also very limited, so these people's wishes were dashed.
However, Tang En would not give up this good opportunity to increase the population of the country. Alinx could not, but Ellington could!
Ellington practically opened its doors and welcomed any citizen who was willing to work to settle down.
Not only Ellington, but the other cities of the Irus Empire were also very welcoming. Under the impetus of Tang En's various new policies, the Irus Empire had washed away its decadence and was now radiating with unprecedented vitality. It warmly welcomed tourists from all over the world to join the big family.
The Tang Daily News took the opportunity of the Radiance Ceremony to "inadvertently" leak this news. It was believed that after these people left, the Irrus Empire, which was as beautiful as a divine kingdom, would attract more people to pursue their dreams.
It was just like the American dream that was popular all over the world.
Of course, the most shocking news released by the Brilliance Ceremony was the introduction of a new currency in the Irus Empire.
The Irus Mint had been reorganized into the Prandal Central Bank and was responsible for issuing the new currency.
The new currency was made of paper.
(The exchange rate of the new currency was wrong in this chapter. The author forgot to correct the draft when he was revising it. It has now been corrected …)
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