After some twists and turns, on May 12, 1855, the first currency, the New Holy Roman Empire, the new Holy Roman Empire, was officially issued to the public.

The Vienna government successfully obtained the right to mint coins, and the reserves of state governments were also uniformly included in the reserves of the Imperial Central Bank, but they were temporarily placed in various states.

It’s not that Franz doesn’t want to get it in one step, mainly because he just dug a piece of meat from the bowls of state governments, which can easily cause a rebound when stimulating their nerves.

Since everyone wants to keep it in their hands, they will stay. Anyway, the central government sends people to supervise and prohibits anyone from using these reserves.

There is no doubt that the central government can legally collect seigniorage tax from various states after obtaining the right to mint the coin. As the name suggests, seigniorage tax is the benefit obtained after issuing currency to eliminate costs.

Of course, now is the gold standard era, and reserves are still needed. The profit from issuing currencies cannot be as big as those of the credit standard era in later generations.

Even so, seigniorage is an important part of fiscal revenue. In contrast, any tobacco and alcohol tax is weak and cannot be compared with it.

If the British wanted to establish a gold system of pounds, they essentially wanted to collect seigniorage from all over the world. Obviously, this requires recognition from countries around the world, and everyone must be willing to use pounds to settle in international trade.

There are only two ways to achieve this. Either rely on strong strength to suppress everyone, or you can only accept the pound as the international settlement currency through exchange of interests.

So far, the British plan has not been successful. The Vienna government has adopted the gold standard. Unfortunately, the new Holy Roman Empire only recognizes gold in international settlements.

What is pound, can it be eaten?

On this issue, the London government and the Vienna government have communicated many times, but in the end they failed.

The British wanted to collect seigniorage, but Franz also wanted to collect seigniorage! Austria is not qualified to collect seigniorage from all over the world, but it can still be collected in the circle of the Holy Roman Economic Alliance.

Otherwise, why did the Vienna government take risks to carry out gold standard reform? You should know that monetary reform also requires cost-consuming and also bear certain risks.

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

The data gap is so big, mainly depends on the domestic economic development. The more prosperous the economy, the more money is needed in the market, the more money it needs.

Of course, this is internal, and there is definitely no way there is so much external. Franz cannot ask other countries not to issue currencies and use ASCH. At most, it will allow everyone to use ASCH in foreign trade settlement with the new Holy Roman Empire.

This is a long-term task. In a short period of time, everyone will still use gold and silver to settle. The ASCHU is only available in the new Holy Roman Empire.

It is not that easy to convince everyone to join the ASUS Gold System. Without visible benefits, why should people pay you this seigniorage tax?

Once the status of international currencies is determined, the demand for gold reserves will also decrease, and everyone can also support the currency value by relying on the credit of various governments.

The most mainstream currency at present is gold and silver. This hard currency is the most widely used, and the remaining pound, franc, and the ASUS are just ordinary currencies.

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

The Chancellor of the Finance Minister Carl said with great enthusiasm: Your Majesty, the issuance of the ASCHEN is very smooth. Now we have sufficient gold and silver reserves to cope with all fluctuations.

Thanks to the gold and silver reset system of various countries in this era, the Austrian government has taken out silver in international settlements, and everyone will be happy to accept it.

If all countries abandon the rebirth system, it will be difficult to obtain gold from the market. At that time, even if you buy all the gold in circulation, it will not be enough.

Historically, because the market lacked enough gold, governments that carried out gold standard reforms had to compromise with the British and accept the pound gold system.

Even some countries have too big gold gaps, so they use the pound as the standard for issuing currencies, and the currency value is directly linked to the pound, and they borrow the reputation of the British to guarantee the value of the new currency.

This is why everyone generally believes that the peak of the British was after the British-British War. After getting gold from South Africa, most of the gold in the international market fell into the control of the British, and the pound's world currency hegemony was truly established.

Franz nodded and said: Don’t take it lightly, continue to strengthen monitoring of the financial market. Once a large amount of capital outflow is found, immediately activate the emergency plan.

Although he did not think that someone would cause trouble at this time, the actions of the British in the previous period had already sounded a wake-up call for Franz. In order to establish the pound's monetary hegemony, who knows whether the British will do it again?

The consortium Carl replied seriously: Your Majesty, please rest assured. We have sent people to keep an eye on foreign consortiums entering the country. Once they withdraw capital, we will take action.

Their black material has been collected and exposed at that time will be enough to temporarily seize their capital. If the situation is serious, they can be sent directly to the gallows.

Who has no history of the capitalists in this era? Even when they entered Austria, these foreign capitals restrained their behavior, but the blood of capital is still indispensable.

In normal times, in order to develop the domestic economy, the people did not procure officials or investigate them. These issues were put aside and everyone pretended to see nothing.

Now it is a critical moment, once these inconspicuous dark history are exposed, they will be unable to bear it.

With a criminal record, capital becomes stolen money, which can be decided according to Austrian law whether to seize or confiscate it in the end.

Anyway, as long as there is evidence in hand, no matter how big their background is, the Vienna government will be fearless.

Franz instructed: Keep staring at them. If they want to leave at this time, they can send someone to do ideological work for them first. If they really can't do it, then use extreme measures.

Pay attention to the evidence in our hands, and we must have enough persuasion. Even if we take action, we can only kill the chicken and warn the monkey and take several serious actions.

We cannot turn against all international capital, and we must also pay attention to methods when taking action. The government cannot go into battle bare-handedly.

There is no need, Franz still doesn't want to turn against international capital. This kind of thing is to kill the chicken and get eggs. As long as you do it, you will not have the chance to do it again.

In the future, it is impossible to issue bonds in the international market or attract foreign investment. Even the normal commercial trade between Austria and the outside world will be hit by their retaliatory blows.

The current industrialization process in Austria still needs foreign capital to contribute, and these people are of great value.

If they are strangled to death, even if the government obtains a large amount of cash, there is no way to achieve the same result.
Chapter completed!