There are too many gold coins in the market, and the value of gold will also depreciate, but the supply of silver has not increased, and silver has appreciated relative to gold coins, which will lead people to have more preferences for silver, and then melt silver coins and cast them into silver objects to sit and wait for appreciation. Unless the gold-silver ratio is modified, this phenomenon will intensify, resulting in fewer and fewer silver coins circulating in the market, and eventually it will be completely withdrawn from circulation, in the saying "bad money drives out good money".

Silver loses its monetary function at the moment it is minted into silverware, just like the ancient landlords of China on the earth, saving a little silver taels and burying them in jars, these silver that has withdrawn from circulation can neither be used for consumption nor investment, in fact, it is a waste, which will cause damage to the social economy.

Roland does not want to see this situation, and it is very simple to calm the current irrational inflation expectations, and publicly issue a statement to stabilize the hearts of the people, promising that there is not as much gold as people think, that the credibility of the Köras government in the eyes of the people in the Far East is comparable to the gold content of Quintal, and that a public statement by His Royal Highness the Prince and Governor of the Central Bank is enough to quell the chaos caused by information asymmetry in the financial sector.

However, after careful consideration, Roland did not choose this simplest strategy, but did the opposite and started to think crookedly......

Rather than simply issuing a statement to stabilize the people's hearts, Roland is more willing to take advantage of this opportunity to do a big thing that has been planned for a long time......

Roland finished thinking for a long time and turned to face Katya with a slight smile, revealing her white teeth. In an instant, Katya couldn't help but shudder, as if facing a fierce beast that was about to launch a hunting operation.

"Katya, I have an idea, instead of letting people collect silver and idle it for nothing, it is better to simply abolish the circulation of silver coins, and issue silver banknotes with national credit guarantee to exchange for private silver, so that you can avoid 'bad money driving out good money' without modifying the gold and silver ratio, and eliminate arbitrage space, in addition, there is also an advantage, the massive amount of silver recovered by the private sector is concentrated in the treasury, and the government and state-owned enterprises will have more money when they conduct overseas trade and investment." Roland blinked, a mischievous smile appeared on the corner of his lips, "After all, crooked nuts don't accept the paper money issued by your Far Eastern government, and people only take money seriously, which is equivalent to increasing the government's foreign exchange reserves in disguise, which can be described as killing two birds with one stone, what do you think of this idea?" ”

Katya was dumbfounded when she heard this, and it took a long time for her to groan and spit out a sentence: "My Royal Highness...... Your heart is bad! ”

"Why can't I understand it?" Confused, Orome asked Antron, "Your Highness Roland does this...... Is it really good? ”

"Don't ask me, I want to ...... quietly" Antron touched his head, as if he had just been hit on the head.

"Your Highness, you said that you want to replace silver coins with silver coins, I don't know if this will eliminate inflation, but normal people probably wouldn't exchange silver coins for a thin piece of paper......" Urome was deeply skeptical of Roland's whimsical plans.

"You don't have to worry about this, as long as our government recognizes silver money as legal currency, accepts the use of silver money to pay taxes, and buys goods and services, then the credit of silver money will gradually be accepted by the people." Roland said confidently.

Human beings are not born to use money, accepting and recognizing money is the embodiment of sociality, from barter to gold and silver currency is a leap, from precious metal money to credit money is another leap, the difference is that the former is a spontaneous consensus, the latter requires the state or institution to enforce and provide credit guarantee for paper money, which is the domestication of the minority to the many, and is comparable to the great achievement of apes learning to walk upright.

"The question is, how do people know if the government is going to steal a lot of money? If a lot of money is printed out of thin air, those who can share it will benefit, and others will suffer the consequences of the depreciation. Antron was also concerned about the issuance of banknotes.

"This is a good question, in principle, every silver banknote issued must have the corresponding face value of gold and silver reserves as a guarantee, but unfortunately even if we swear to never over-issue it is difficult to win the trust of the people, after all, this is a new thing, no country in the world has fully implemented paper money today, people will always have many doubts about new things, the credibility of our government alone is not enough to guarantee the credit of silver banknotes, so we have to find an anchor for silver banknotes." The people present were all insiders, and Roland didn't need to say much.

"I see!" Katya's emotions were first aroused, and he no longer resisted the uncommon sense move of issuing silver banknotes, and seriously considered its feasibility, "It is theoretically feasible to issue silver banknotes instead of silver coins, but there are two technical details that need special attention. ”

"Tell me, what are the technical details?" Roland looked at her with encouragement in his eyes.

"The first is the anti-counterfeiting measures for silver banknotes. According to the experience of the securities industry, such assets or contracts on paper are always mixed with authenticity and falsity, and we must add a unique mark to each banknote, so that counterfeiters cannot imitate it. Katya first raised a very practical question, and then said: "With a sound anti-counterfeiting technology, we can rest assured that we can issue silver banknotes, but as far as commercial banks and even ordinary people are concerned, there is still a trouble to solve, that is, to correctly distinguish silver banknotes and counterfeit banknotes, if it is not possible to easily check the authenticity of banknotes, the result is still unable to prevent the circulation of counterfeit banknotes." ”

Anti-counterfeiting and banknote inspection are indeed issues that must be carefully considered before the issuance of banknotes. Roland and Katya discussed for a while, and reached a preliminary consensus: to ask Mr. Vladimir Alekseevich Bunin, the most famous printmaker in the Far East, to design the silver banknote version, with its unique artistic style and delicate decorative patterns as the first anti-counterfeiting measure; The banknotes are printed on the latest Magic Phototypesetting presses, and each banknote is numbered as a second security measure.

These two anti-counterfeiting measures are able to resist the vast majority of malicious counterfeit banknote makers, and they are also easy to inspect. However, these two firewalls are not safe enough for those who imitate those who are highly skilled and even have the ability to cast spells.

"Your Highness, in addition to conventional means, we can also use magic to leave a special mark on silver banknotes, which makes it more difficult to be forged." Antron had a whim.

"Isn't it too expensive to put a magic stamp on a silver banknote?" Roland asked Antron, "If the cost of enchantment is higher than the face value of the banknote, it would be a big joke." ”