Chapter 2951: Cormanthor Monetary Policy Adjustment

Inside the Reception Room of Yunfeng Manor, two people and one Elf were chatting about various aspects of Demon Descendant detection; before they knew it, the topic had shifted to the Grey Peak Mountains development project, a three-party collaboration.

As a Councilor of a multinational chamber of commerce and a member of a long-standing Upper Family of Cormanthor, Yilai was very optimistic about this project, but based on his understanding of past history, he could not help but feel some concern:

"Cormanthor is a bit better off, but whenever a large gold mine is discovered in other countries, the purchasing power of their national currency continues to fall for a period, and it takes a very long time to recover."

"The exchange rate between Cormanthor Gold Coin and other gold coins was accumulated through similar events one by one; this time is the same. Although various countries are temporarily blinded by the name of the Mithril Mine, the gold and silver produced by the ore veins are real and undeniable!"

"Once there is output from the Grey Peak Mountains, I fear the purchasing power of the currencies of various countries will suffer another sustained decline, and it will be more severe than any time in the past, or even more severe than countless past times combined."

"The two of you should prepare early!"

Is this the Wisdom of the Elves? Actually, it is not; rather, it is the foresight that naturally forms from living long enough and having relevant historical records.

Compared to the Elves, if humans could foresee this and make preparations, that would be true Wisdom. At this moment, Zhenna subconsciously glanced at Xia Duo.

While other countries have not yet begun to prepare, Daxia Territory has already designed the Blue Gold Coin based on the Order Force mark. Once the gold and silver from the Grey Peak Mountains are produced and the purchasing power of other countries' currencies continues to fall, I fear only Daxia Territory will be unaffected.

Perhaps Cormanthor will not be either, but after all, it is a gold coin system, and to a greater or lesser extent, it will be affected by the flooding of gold and silver coins.

But if that happens, the research on Order Force can only be limited to the scope of the Tower of Time, which I fear is not conducive to the development of Order Force.

But whether other countries accept the Blue Gold Coin, Xia Shao actually does not care. As long as the products of Daxia and the Tower of Time have buyers, he is not worried about anyone using the Blue Gold Coin. At worst, he still has his own Territory to back it up; it will never fall into the awkward situation of issuing a new currency that no one uses.

After the two parties in the Reception Room had exchanged ideas for a long time, Zhenna finally remembered an important task of her trip and took the initiative to bring up the topic, saying:

As expected!

Of course, Zhenna does not think that the various countries will remain indifferent and let their own currencies depreciate; the best way would be to control the output of gold and silver.

Plus, the matter of recycling old coins will be announced soon, and Xia Ling does not mind letting his partners know a few days in advance.

"With the output of gold and silver from the Grey Peak Mountains, Cormanthor Gold Coin will inevitably be affected. Does Councilor Xia Ling know if Cormanthor has any preparations for this?"

But the problem is, the establishment of the Grey Peak Mountains mine is for Mithril; gold and silver are only incidental products, and there is a Grey Peak Mountains Resource Management Committee to allocate them uniformly. At that time, I fear it will not be something that can be controlled just because one wants to.

Looking at it this way, I fear the existence of Order Force cannot be made public in the short term. If it is not public, outsiders cannot know the difficulty of creating the Order Force mark and will only regard it as a very precise, very difficult-to-create Arcane Magic effect.

On the contrary, regarding Xia Shao's side, because the Blue Gold Coin is not easy to counterfeit (mainly due to the Order Force mark) and is very easy to Identify, other countries might instead worry that he will use the Blue Gold Coin to harvest them.

But thinking about it from the other side, even if the entire Main Plane currently starts researching Order Force, I fear they will not be able to surpass the Eastern World for quite some time; after all, they have had a first-mover advantage for countless years.

Such an approach is actually a form of Credit Currency, but the implementation process relies on the Magic Effect attached to the gold coin. The coins minted by Cormanthor in the past were like this, yet they still maintained a relatively fixed exchange rate with gold and silver.

"As far as I know, Cormanthor has already made preparations to recycle invalid old coins. If there are no surprises, this news will be announced in the near future. From now on, any Cormanthor currency without a Magic Aura will be regarded as a counterfeit."

Zhenna previously still had a glimmer of hope for her own Mingshui New Currency, but now it seems it would be better to actively embrace the Blue Gold Coin designed based on the Order Force mark. That way, when the currencies of various countries fluctuate in the future, it might even be a rare opportunity for the Ming Shui Chamber of Commerce to achieve leapfrog development!

As a member of an Upper Family, although Xia Ling is a family of Wuweilun refugees who have long been in hiding, he can still have some contact with high-level planning.

Thinking of this, Xia Shao could not help but glance at Zhenna, who was still in a thoughtful state on the side. At present, Zhenna indeed knows of the existence of Order Force, but she still does not know how to realize it. If she explores it herself, she does not have a Strange Object from the Eastern World as a reference like Xia Shao does.

Regarding this way of handling it, Xia Shao does not feel anything; the past Cormanthor currency already had the rudiments of a Credit Currency, and now it is just emphasizing that point more.

"Whether to decouple from gold and silver, I cannot give a definite answer for the time being. But I think at the very least, it is impossible to exchange at a fixed ratio like in the past. After all, once the Grey Peak Mountains start production, a large amount of gold and silver will flow out continuously, impacting the existing market and the existing gold and silver coin system."

After all, could the produced gold and silver be buried back into the mine pits?

In the future, when gold and silver production increases, if Cormanthor really wants to play tricks with currency to plunder the wealth of other countries, I fear Xia Shao would not even need to take action; other countries might start mass-producing counterfeit coins themselves.

Thinking of this, Xia Shao gradually had an idea in his heart and could not help but sigh again that "exchange makes people progress"!

The matter Zhenna mentioned, Xia Shao had actually been entrusted by the Council, but since Zhenna had brought it up, he did not need to be too proactive; just beating the drums from the side would suffice.

Thinking of this, Zhenna simply stopped talking about this topic and was even less willing to reveal the existence of the Blue Gold Coin. And Xia Shao, although not worried about other currencies competing with the Blue Gold Coin, also knew that now was indeed not the best time to make the Blue Gold Coin public.

Perhaps now is the beginning of the decoupling.

Of course, the research on Order Force cannot be abandoned; knowing more is never a bad thing. Moreover, the new currency plan of Daxia is almost entirely pinned on this, so he cannot be without any preparation at all.

"It is already almost May in ten days or so, and the Snow Melting Competition will open again. But for such a good competition, and with all the Northland countries participating, it would be a pity if it were just a competition. If it could be used as a designated event for the allocation of Grey Peak resources, that would be even better. What does Councilor Xia Ling think?"

Moreover, he is not worried about Cormanthor currency becoming a competitor to Daxia's Blue Gold Coin; the minting costs of the two sides are completely unequal, and the anti-counterfeiting means are worlds apart.

Just by relying on an Identity Token that can be seen everywhere in the Eastern World, wanting to overtake on a bend is simply wishful thinking.

"Sure enough, exchange makes people progress!"

Anyway, when the Territory changes to the new currency in May, other countries will know about the existence of the Blue Gold Coin sooner or later. It is just that whether the Blue Gold Coin can be accepted by other countries is a question mark.

It is better to focus on the field of Arcane Magic; the Main Plane has a foundation in this aspect, but the truth is the same by different routes. Only by passing through Arcane Magic is it possible to overtake on a bend.

Hearing such news, Xia Shao immediately had a realization, and then asked again: "Does Cormanthor intend to decouple Cormanthor currency from gold and silver?"