Holy Roman Empire

After some twists and turns, on May 12, 1855, the first currency after the establishment of the New Holy Roman Empire, the New God Holy Roman Empire, the Rhine Shield, was officially issued.

The Vienna government successfully obtained the coinage right, and the reserves of the governments of various states were also unified into the reserve of the Imperial Central Bank, but they were temporarily deposited in each state.

It's not that Franz doesn't want to go all in one step, mainly considering that a piece of meat has just been dug from the bowls of the governments of various states, and stimulating their nerves can easily cause a rebound.

Since everyone wants to stay in their hands, they will stay. Anyway, the central government will send someone to supervise and prohibit anyone from using these reserves.

There is no doubt that the central government can legally levy the coinage tax of each state when it gets the coinage right.As the name implies, the mint tax is the income obtained by issuing currency after eliminating costs.

Of course, this is the age of the gold standard, and reserves are still needed. The profit of the issued currency cannot be as great as that of the future credit standard.

Even so, the mint tax is also an important part of fiscal revenue. In contrast, taxes on tobacco and alcohol are weak and cannot be compared with them at all.

The British wanted to establish a "sterling-gold" system, which essentially wanted to collect a worldwide coinage tax.Obviously this requires the recognition of all countries in the world, and everyone must be willing to use the British pound settlement in international trade.

There are only two ways to do this. Either rely on the powerful strength to convince everyone, or only through interest exchange, let everyone accept the pound as the international settlement currency.

As of now, the British plan has not been successful. The Vienna government has adopted the gold standard system. Unfortunately, the New Holy Roman Empire only recognizes gold in international settlements.

What is the pound, can you eat it?

On this issue, the London government and the Vienna government have carried out many communications, but in the end it ended in no avail.

The British want to collect the mint tax, and Franz also wants to collect it!Austrian mint taxes are not yet eligible to be collected worldwide, but they are still collected in the circle of the Holy Roman Economic Union.

Otherwise, why should the government of Vienna take the risk of reforming the gold standard?It must be understood that currency reform also consumes costs and bears certain risks.

Judging from the current situation, after the currency value reform is completed, the Vienna government's mint tax revenue will account for about 0.5 to 2 points of GDP.

The data gap is so large, mainly because of the domestic economic development. The more prosperous the economy, the more currencies demanded in the market, the more this currency tax.

Of course, this is internal, and certainly not so much externally.It is also impossible for Franz to ask other countries not to issue currency and use "Aegis", at most, let everyone use "Aegis" in foreign trade settlement with the New Holy Roman Empire.

This is a long-term work. In a short period of time, everyone still uses gold and silver for settlement. The Aegis is only available within the New Holy Roman Empire.

It is also not so easy to persuade everyone to join the "Aegis-Gold" system.There are no visible benefits. Why should people pay you this mint tax?

Once the status of the international currency is determined, the demand for gold reserves will also be reduced, and everyone can also rely on the credit of various governments to support the currency value.

At present, the most mainstream currency is gold and silver. This hard currency is the most widely used. The remaining pounds, francs, and aegis are just ordinary currencies.

The British have begun to promote the British pound, and promoting the reform of the gold standard is one of the most important links. Only when everyone's standard is the same, the pound-gold system can be established.

...

The Chancellor of the Exchequer, Karl, said with great enthusiasm: "Your Majesty, the issue of Aegis is very smooth. Now we have enough gold and silver reserves in our hands to handle all fluctuations."

Thanks to the resettlement of gold and silver in various countries in this era, the Austrian government took out silver in international settlement, and everyone will still be happy to accept it.

It will be difficult to obtain gold from the market after countries abandon the complex standard system. Even then, it is not enough to buy all the gold in circulation.

Historically, because of the lack of sufficient gold in the market, the governments of all countries that reformed the gold standard had to compromise with the British to accept the pound-gold system.

Even in some countries, the gold gap is too large, and the pound is directly used as the standard for issuing currency. The currency value is directly linked to the pound, and the British currency is used to guarantee the currency value of the new currency.

This is the reason why people generally believe that the peak period of the British was after the British-British War.After obtaining South Africa's gold, most of the gold in the international market fell under the control of the British, and the world currency hegemony status of the pound was really established.

Franz nodded and said: "Don't take it lightly, continue to strengthen the monitoring of financial markets, and once a large amount of capital outflow is found, immediately start an emergency plan."

Although he didn't think anyone was going to do things at this time, the actions of the previous British had already sounded the alarm to Franz. In order to establish the currency hegemony status of the British pound, who knows whether the British will make another wave.

The consortium Karl seriously replied: "Your Majesty, please be assured. We have sent people to focus on foreign consortia entering the country, and once they withdraw their capital, we will take action.

Their black materials have been collected, and they will be poked out when the time comes, enough to temporarily seize their capital. If the situation is serious, they can be sent directly to the gallows."

Capitalists of this era, who has no black history?Even after entering Austria, these foreign capitals have somewhat converged, but the blood of capital is still indispensable.

In normal times, in order to develop the domestic economy, the people do not hold officials, and these issues are put on hold, and everyone pretends to see nothing.

Now at the critical moment, these obscure black history, once stabbed out, is enough to make them unable to walk around.

With a criminal record, capital becomes stolen money, which can be finally seized or confiscated according to Austrian law.

Anyway, as long as there is evidence in hand, no matter how big they are, the Vienna government is fearless.

Franz asked: "Continue to stare at them. If they want to leave at this time, they can send someone to do ideological work for them. If they can't do anything, they will use extreme means.

Pay attention to the evidence in our hands, and we must be persuasive enough.Even if you want to take action, you can only kill chickens and monkeys and catch a few serious actions.

We cannot be upset with all international capital, and we must pay attention to ways and means when we take action. The government cannot directly go shirtless."

There is no need, Franz still does not want to face up with international capital, this kind of thing is to kill chickens and get eggs, as long as it is done once, there is no chance to come again for a second time.

In the future, whether it is to issue bonds on the international market or to attract foreign investment, it is impossible.Even Austria's normal commercial and business dealings with the outside world will be retaliated against.

Now Austria ’s industrialization process requires foreign capital to be added, these people are of value.

If they were strangled to death at once, even if the government received a large amount of cash, there would be no way to achieve the same result.

"Yes, Your Majesty!" Carl replied cautiously