The full name of the Federal Reserve Bank is: "Bulgarian Joint Reserve Board", and its establishment marks the beginning of a new era for Bulgaria's currency issuance system!

Of course, things are not so simple, the three major banks jointly issued lev, and there are many issues that need to be discussed.

Whether it is the distribution of the right to speak, or the proportion of reserve gold provided by each party, as well as the currency issuance fee drawn by each party, there must be a clear regulation!

After all, there is a cost to issuing currency, and the benefits can be transferred to the government through seigniorage, but you can't let everyone lose money!

Of course, none of this work had anything to do with Ferdinand. After approving the establishment of the Federal Reserve Bank, the rest of the specific work is the matter of the cabinet and the Ministry of Finance.

In order to be able to smoothly coordinate relations between them, Chancellor of the Exchequer Kennedy had to personally serve as the chairman of the first "Bulgarian Joint Reserve Committee" and preside over the issuance of the currency!

In fact, the Fed can also be seen as a copy of the Fed, except that it is not responsible to Congress, but to Ferdinand.

It is responsible for the formulation of the current monetary policy in Bulgaria, including the regulation of the reserve ratio, the approved discount rate, and the management and supervision of Bulgarian domestic banks and other member banks and holding companies.

Its role is to control currency and credit, and to regulate the Bulgarian economy using the three levers of open market operations, the discount rate of bank borrowings and the statutory reserve ratio of financial institutions.

The Fed has independent decision-making power over monetary and financial policy and is directly accountable to Ferdinand. To a certain extent, it has been freed from government control and has become an independent affiliate!

Like the Federal Reserve, the Fed is a non-profit organization, a public welfare organization whose immediate purpose is to meet the needs of Bulgaria's current commercial trade circulation.

The future Fed is one of Ferdinand's main tools to regulate the Bulgarian economy, and the method is simply to adjust interest rates!

If the economy overheats, it raises interest rates and shrinks monetary policy, slowing the economy down and reducing inflationary pressures.

If the economy is sluggish, it lowers interest rates and loosens monetary policy to boost economic growth.

The key is to regulate and control the raising and lowering of interest rates according to the economic situation, and to do it just right.

Monetary leverage is the most effective weapon for the Fed to regulate the economy, and in the future, the Fed will adjust interest rates, which will not only affect the economic trend of Bulgaria, but also affect the economic situation in the Near East!

Now, the Fed has been authorized by Ferdinand to issue the first billion leva of currency and put it on the market through government investment or bank loans, alleviating the shortage of domestic currency flow!

Of course, the reserve gold that issued this part of the currency was naturally issued by the Union Bank and the Royal Bank together! The reserve gold of the National Bank has long been used to print bills.

As for how this issuance ratio is determined, Ferdinand is not clear, anyway, it can't be 1:1, there are only so many gold reserves in the world!

If it is 1:1, the military expenditure of the British in the Boer War in history is as high as more than 2,000 tons of gold, which is still a fart, which is nearly half of the total gold reserves of Britain at that time!

Theoretically, as long as it can be exchanged normally, you can print as much currency as you want!

Of course, this is an idealized situation, and this specifically involves the balance of foreign trade!

If it has been a surplus, theoretically it would not hurt if the reserves were low, anyway, gold was flowing in; If it is a deficit, you have to be careful, if the reserves are insufficient, one day the gold will be exchanged and it will be over!

Greece is an example of this, where gold reserves are so low that the currency jumps as soon as the outside world loses trust in the government!

What is the specific situation, Ferdinand doesn't care, let's let the economic experts calculate!

Now his job is mainly gold, and he must get the gold that Bulgaria needs for the future issuance of currency!

In a short period of time, Ferdinand has saved his family money for more than ten years, and now it is covertly converted into Bulgaria's gold reserves through two major banks.

Theoretically, the total gold reserves of Bulgaria now exceed 100 tons of gold; In fact, there are still only more than 30 tons of gold that really belong to the Bulgarian government, and the remaining 60 tons are still Ferdinand's wealth, but they are kept there as reserves!

The accumulation of normal means is too slow, even if Ferdinand tossed for more than ten years, he only looted more than sixty tons, and the total value is less than ten million pounds!

But gold and the pound are obviously not of the same magnitude, sixty tons of gold in Ferdinand's hands, he can easily print the equivalent of hundreds of millions of pounds!

At this time, the huge treasures that had been discovered in Ferdinand's mind one by one in later generations appeared in his mind. After taking inventory, he was surprised to find that none of them were easy to get!

For example, salvage a shipwreck! Ferdinand only knew the approximate sea area, the specific location? I'm sorry for the media reports in later generations, and there is no detailed explanation?

In many places, even the name may have changed, how to find it? Even if you are lucky enough to find it, with the current salvage technology, you can definitely fish up the gold smoothly by working on the bottom of the sea?

Moreover, they were all on someone else's territory, and after thinking about it, Ferdinand finally decided to attack Ah San.

At least the safety is guaranteed, it is a big deal to be found and share it together, and if you don't find it, you can swallow it alone, it's better than making a wedding dress for someone else, and it's better to lose all your money!

Kerala, located in the southwest of India, faces Sri Lanka across the sea, faces the Arabian Sea, and is bordered by the Western Ghats in the east.

The central part is the Malabar plain, with undulating interspers, the southern part is almost hilly, and the northern coastal zone is full of sand dunes. The city is mostly distributed along the coast.

Tropical forest climate with hot and rainy rain, with an average annual precipitation of 2,400 mm. Forests make up about one-third of the total area, covering an area of 15,000 square miles, and the territory is home to 44 rivers, making it one of the most densely populated in India.

It is a treasure tree described in "Journey to the West" as "gold as the root, silver as the body, glass as the branch, crystal as the tip, amber as the leaf, beautiful jade as the flower, and agate as the fruit", and the Western Heavenly Paradise that "has no suffering, but suffers from all pleasures".

At this time, Morka Valdo is leading a large group of intelligence officers in search of the legendary temple of Padmanabhaswamy.

Thanks to the strange caste system of the Indians, the white man is the supreme existence, so the Molka and his party arrived at their destination smoothly.

Now they are experts and mercenaries of the United Mining Company, and they have come to India on business, simply to find gold mines!

So this group of armed men, numbering more than 100, swaggered into Kerala, and the British colonial government did not see what they did, but provided them with convenience!

Now the United Mining Company is already a big name in the UK. In recent years, United Mining has produced record gold and is already one of the largest gold mining companies in the world.

Coupled with Edward's nature of pretending to be forced, people with a little power in the world now know that this large international company is the property of the Saxe-Coburg-Gotha family.

As long as it is a normal person, in the absence of a conflict of interest, everyone is happy to provide convenience. For example, in the search for gold mines in India, the head office in London directly communicated with the Governor General of the Indian colony.

An intelligence officer who went out to find out the news said: "The Padmanabhaswamy Temple was built in the 16th century and has a high reputation in the local area, and countless devotees go to worship every day, and it will be troublesome to sneak in!" ”

After listening to the introduction of the intelligence officer, Morka's face was ugly, it was difficult to get the gold unknowingly, and this task was ordered by Ferdinand himself, which was very important!

Once the news leaks, God knows how much they will end up with. After all, this is the territory of the British, and the interests in it are so great that even if Queen Victoria comes in person, it will be difficult to swallow them all!

Suddenly, Morka's eyes lit up, and he smiled, and said, "Now we are divided into three ways, one way to send experts to continue to look for gold mines in India, and the other way to find a way to create a big event in the Padmanabhaswamy Temple.

Then, through the colonial government, find an excuse to lock down the temple, and the rest of the people enter as temple maintenance personnel, and then find a way to take the treasure!

After we succeeded, we left via the Arabian Sea, where we were met by a ship! ”

Morka had to rejoice that the Indians were religious enough, and basically no one dared to go to the idea of the temple, even if they were repairers, they could only do coolies, and could not go deep into the interior!

"Boom!" With a loud bang

The Padmanaba Swamy Temple was devastated, and then news of the Revolt of the Indian Independent Baath Party came out, and the colonial government immediately intervened to extinguish the uprising, and the whole city was put under martial law!

At the same time, the temple's administrators were killed in an attack, and the restoration of the temple was temporarily taken over by the colonial government!

Morka and his party entered the temple as architects and commanded Indian laborers to restore the temple!

At midnight, Morka came to the back of the temple, where the gate was locked with a lock, I don't know how many years, the lock had long since rusted.

At this time, the Indian laborers were sent far away, and the temple was surrounded by their own people.

Morka and they were not believers in the temple, and they opened the door directly and violently. The rest of the work is left to professional tomb robbers, not archaeologists!

In order to deal with the trapping inside, these experts have specialized in Indian history and carefully entered the secret room!

Descending the steps, the chamber was empty and empty, apparently someone had entered.

Morka looked around carefully, and said lightly: "Look for it, there is a dark room here, and the treasure should be hidden in the dark room!" ”

……

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