X-Dragon Era

Issuing currency isn't an exclusive business of banks; originally, the Ten Great Families were all issuing currency. In fact... it wasn't just the Ten Great Families; every silver mine, copper mine, and gold mine was issuing currency too. It wasn't a monopolized business of the banks.

However, currently speaking, all the currency is equivalent currency. The currency itself represents money, and its value is exactly that amount of money. For example, a Gold Coin is certainly made of gold, and the gold contained within one Gold Coin is worth the price of one Gold Coin. Therefore... as long as you have gold, almost everyone can issue currency.

But banks are different. Although they also issue currency, they issue exclusive currency. The currency itself isn't worth the monetary value it represents. That's the biggest difference.

According to Xin Yun's plan, the first step involves a currency system divided into four levels: copper yuan, Silver Yuan, gold yuan, and crystal yuan, forming a complete currency system. Moreover, the manufacturing process of the currency is of very high quality, almost impossible to imitate. Although master craftsmen could copy it, they would only be able to manually carve it, taking half a day to make one coin, which is something only an idiot would do. With that level of skill, they could make more money carving anything else.

The current currency system is equivalent currency: 1 Gold = 100 Silver = 10,000 copper. The conversion between these three currencies uses hundreds as the base unit, and it has now basically stabilized, and it won't change for a long time.

Based on this currency system, the new currency created by Xin Yun corresponds to it—one copper yuan is equivalent to ten copper coins, one Silver Yuan is equivalent to one silver coin, one gold yuan is equivalent to one Gold Coin, and as for the crystal yuan carved entirely from Spirit Stones, it represents one hundred gold and falls into the category of large banknotes.

Although the price of Spirit Stones is high, a standard Spirit Stone can be cut into about fifteen crystal yuan. However... this can only be achieved with the Chaos Cauldron without wasting a single bit. If humans were to manually carve it, a standard Spirit Stone could at most only carve out six crystal yuan, with the rest being scrap edges, of no great use.

The price of one standard Spirit Stone is One thousand gold coins. Therefore... the price of one crystal yuan is set at one hundred Gold, which is an absolute bargain for users.

Indeed, in Xin Yun's currency plan, the smallest unit is the copper yuan, valued at ten copper, which seems a bit large. However, in fact, there are no longer things in this world that are only worth a few copper coins. Just like on Earth, where the smallest unit is one cent, but there is hardly anything sold for just one cent.

Therefore, Xin Yun's valuation is very accurate. One copper yuan is roughly equivalent to one yuan on Earth. As for dimes and pennies, Xin Yun really didn't have the energy to bother with them. The Chaos Cauldron is not invincible, and the quantity of dimes and pennies is too large to manage.

One copper yuan is equivalent to one yuan, Silver Yuan to ten yuan, and gold yuan to one hundred yuan. As for the crystal yuan, it is equivalent to one thousand yuan. In terms of conversion, 1 crystal yuan = 100 gold yuan = 10,000 Silver Yuan = 100,000 copper yuan!

Looking at this exchange rate, the copper yuan is essentially issued at face value. The cost and the price it represents are almost equal. After all... the same night's inside circle is made of Silver. From this perspective, the copper yuan can be regarded as equivalent currency. However, in general, the majority is still copper. Although it doesn't look it, in fact, only one-fourth of the coin is Silver.

When it comes to the Silver Yuan, Xin Yun begins to benefit. The outer ring is copper, with a circular hole in the middle. It seems like there's a large area of silver, almost making it equivalent currency. But in fact, a quarter of the benefit is taken; it's not obvious, but overall, it's still considered equivalent currency; this is something definitely not dared to be miscalculated.

The reason for such a setup is Xin Yun thought very hard. For everyone, the two currencies needed daily represent one yuan and ten yuan. With this setup, it gives people the impression that this is still equivalent currency; the currency itself is worth the money it represents. Only like this will people not reject such currency. Plus, with its craftsmanship and design, the promotion will definitely be very smooth.

Both are equivalent currencies, but one is beautifully designed, even considered an art piece, while the other is rough and barely round. If given a choice, no one would probably choose the older currency.

Another point is that Xin Yun has a massive surplus of silver, which is why a batch is released—to successfully push the bank plan. Earth People know that when the bank plan develops to a later stage, money is basically unnecessary. Wherever you go, you just swipe the card; currency is no longer physical and all becomes data, with no need for even paper. Once that time comes, the currency released now will all return to Xin Yun's hands. From this perspective, the copper yuan and Silver Yuan are like bait Xin Yun has released; without bait, fish won't bite.

However, once we reach the gold yuan, everything changes dramatically. Although it appears that the gold yuan only has an outer ring of steel and a large inner circle of Gold, and is relatively large, if one considers the area and thickness of the gold, it's definitely the same as the original Gold Coin, and the weight is not off by even a hair. Its durability is incomparable, making such currency definitely equivalent.

But what's the reality? There's a huge catch here. Although it seems that the gold yuan only wears a steel ring on the outside, in fact, the inner circle of the Gold Coin has a groove as deep as Maria Trench, and the outer steel ring extends inward into the interior of the Gold Coin.

Perhaps this is still unclear. To put it simply, the gold contained in a standard Gold Coin can make about ten gold yuan. From a certain perspective, the so-called gold yuan is really just a steel coin wrapped in a thin outer layer; it's an absolute deception. Indeed... Xin Yun's plan to hoard gold starts right here! (To be continued. For what happens next, please visit www.qidian.com. More chapters, support the author, support genuine reading!)