Chapter 474: Issuing Currency

Early the next morning, there was a long queue in front of the bank in the sixth block.

Under the supervision of the NAC soldiers, people turned in the subcrystals in their hands and replaced them with pieces of paper with special identification codes printed on them, and some simply came out empty-handed.

Is the NAC government robbing money?

Apparently not, the people of the sixth block are fierce, and all the survivors are gun owners. And judging from the scrambling expressions of the people, they obviously squeezed their heads inside, for fear that the people at the bank would not accept their Yajing. And those NAC soldiers, in particular, looked like they were coercing people, and it was more like maintaining order in the queue.

As for why this is the case, we have to start with a bill announced yesterday.

In an effort to change the current market price chaos in the Sixth Block, the NAC government will publicly issue a currency called "credits" through the Sixth Street Bank. It is not guaranteed by any precious metal, but NAC guarantees its value with government credit.

At the same time, any commodity that is defined by the NAC as a special supply can only be traded with credits. These products are manufactured at NAC's factories. For example, food, such as industrial kamu resin, rough steel, aluminum, munitions, etc., cover almost all the basic fields of production and life.

5 credits for a pound of rice, 2 credits for a compressed biscuit, 8 credits for a pound of flour...... Although the price of these goods has doubled compared to a month ago, it is undoubtedly a lot of conscience in the current chaotic market.

2 A-Crystal can be exchanged for 1 credit at the bank, and converting the credit back to A-Jing is subject to 10% excise tax. Mid-September. The Sixth Block Bank is expected to issue 5 million credits, and the NAC government has pledged to provide 500 tons of rice to the market by the beginning of next spring. 100 tons of flour, 100,000 compressed biscuits.

The right to operate the food trade in Wanghai City was also taken back from the Zhao Group, and the market set up by the NAC government at the West Gate of the Sixth Block was controlled.

Regarding the issuance of credit points, Chu Nan and Jiang Chen came up with a specific plan after some detailed discussion.

Credit banknotes come in denominations of 1, 5, 10, 100 and have a total circulation of 3 million. The issuance of virtual coins is 5 million, which is recorded in the personal DNA code. Payment can be made by transfer through an EP implanted with a "credit transaction chip". All data is stored in the bank's database, and virtual transactions can only be carried out in NAC-dominated areas where information relays are located.

The salaries of employees in the NAC Military Zone have also been changed from Yajing to credits. In order to prevent the depreciation of the ajing to the impact of shrinkage on the employee's property.

The issuance of credits was widely supported by the merchants of the Sixth Block.

These businessmen are people who understand that only a stable order can make their assets increase steadily and not be depreciated overnight.

For merchants who support larger deposits. Jiang Chen opened a special channel to them. Release the total of 8 million credits and recover the depreciating subcrystals that have accumulated in their hands. The specially issued credits are stored in the bank accounts of major merchants, and it is stipulated that 90% of the credits redeemed through special channels will not be allowed to enter the market for trading until November this year. 50% will be thawed after November and 100% will be thawed in January next year. In this way, it also prevents a large amount of money from entering the market to interfere with prices.

The introduction of credit points marked the end of the era of bartering within Wanghai City.

The subcrystalline point measuring instrument that can be seen everywhere in the streets and alleys will gradually become a history that is only remembered by people. After you have credits. More people will trade through EP, just as people in the 21st century pay with their phones.

And that's not all. Jiang Chen also intends to push the "NAC standard" further.

Use the invisible lever of the economy to leverage the resources of the entire wasteland. It's like in a certain world, where the dollar hijacks the world economy through oil and gold. Credits will use the prosperity of the Sixth Block with NAC's food stocks to kidnap the commodity trade of the entire wasteland!

Specifically, the Zhao Group, which is in charge of food trading, took the lead in changing the original trading strategy of ajing, using the credits issued by NAC as a commodity for settlement, and treating acrystalline as a commodity instead of being the equivalent of the transaction.

Although the survivor settlements of the provinces have little concept of credit points and paper money, it is believed that as time goes by, more and more merchants from the sixth block will go to the provinces, and this currency will one day become the mainstream of the world.

……

With the introduction of credits, the NAC government has a lot of subcrystals in its inventory. After some counting, Wang Qing put a statistical report on Jiang Chen's desk.

[Credit issuance: 16 million, subcrystalline recovery: 38 million]

"It's no wonder that countries like to print money, which is much faster than collecting taxes. Jiang Chen couldn't help but secretly speak.

The three days of currency issuance alone filled NAC's treasury with 38 million crystals, which is more than NAC's food trade income in a year.

"But we also issued 16 million credits, which we borrowed from the market rather than ours. Out of concern that Jiang Chen was printing money on a large scale, Wang Qing reminded that "if we can't come up with a matching product next spring, we may face credit bankruptcy." ”

However, her worries are obviously superfluous, and Jiang Chen understands the harm of inflation very well. As for why, this is a personal experience......

"Rest assured. Jiang Chen said with a smile, "Currency circulates in the market, and only a small part of it will be taken back and cashed into commodities, and more will be circulated in the market." We just need to prove that our food supply is sufficient, and we don't need to worry about a run. This subcrystalline is not so much borrowed from us by the market, but rather as a 'protection fee' handed over to us by the market. ”

It is not so much the NAC's food and industrial capacity as it is the credit of the NAC government that guarantees the currency.

It's as if precious metals in the 21st century are the guarantee of paper money, but few people will go to the bank with bundles of banknotes to exchange precious metals. When people believe in the stability of the country, people are more inclined to hold its currency.

The NAC government controls the market supply of grain products and the amount of currency issued, so there is no need to worry about the currency getting out of control.

The issuance of credits is only part of the story, and Jiang Chen plans to issue loans totaling 10 million credits to merchants in the sixth block through banks to encourage factories to expand production capacity.

Now that the zombie xenos in the West City have been completely wiped out, and the zombies and xenos in the East District are also in the crusade plan, the situation around the sixth block is unprecedentedly relaxed, and it is a good time to expand outward!

After Wang Qing went down, Han Junhua quickly walked into the office again.

Regarding her intention, Jiang Chen could guess without asking.

It's mid-September, and the plan for the city center is about to begin.

"The city center strategy plans to mobilize the 1st Corps and part of the 3rd Corps. A total of 3,000 combat personnel participated, 41 power armor, 400 mechanical exoskeletons, 9 Tiger Hunting II, 40 Raider infantry vehicles, and here is the battle plan. With that, Han Junhua neatly placed the tablet in his hand on Jiang Chen's table.

The holographic projection unfolded, outlining a panoramic map of Wanghai City.

The 1st Corps set out from Qingpu to attack the open space near Qingpu Airport, and then used this as an inflection point to attack the downtown area. The 2nd Corps started at Camp 27 and attacked the city center from the west.

At the same time, the rocket artillery positions at the Fish Bone base will provide full fire support on the battlefield.

Without hesitation, Jiang Chen pressed his fingerprint on the screen.

"The battle begins!" (To be continued.) )