Release that Witch - Chapter 1254

Chapter 1254: 1254
Chapter 1254: A Currency Reform




Translator: Transn Editor: Transn

Roland passed through a few heavily guarded gates and entered the treasury in the castle district .

Back when he had still been in the Border Town, he had only had a few cases of gold royals that were sufficient to maintain the operation of the small town . Since the sale of the steam engines and other magical artifacts, his revenues had increased rapidly and soon reached a peak .

With the expansion of his territory, the expenses incurred also increased correspondingly . For the convenience of the Administrative Office, a treasury was built between the castle and the Administrative Office . Although it has heavily guarded, all the directors had access to it as long as they followed an appropriate procedure . This decision had indeed sparked a heated discussion in the beginning . It was unprecedented that a noble spent all his money on the expansion of his territory, let alone allowing other people to access it .

At that time, nobody except Barov had known that Roland did not give a damn about his treasures . All he had cared about was the urbanization of the city . For a very long time, the revenues in Neverwinter had been greater than the expenses . Barov had not had a financial issue for quite a while .

"Your Majesty," Barov, who had been waiting in the treasury, said respectfully . "You see, we only have 12 cases of gold royals left . "

Normally, there were around 2,000 gold royals in a case, which meant that they currently only had 20,000 gold royals in total . The treasury now looked pretty empty compared to the past .

Although there were mounds of silver royals and bronze royals, they were not worth much .

"How long will they last?" Roland asked .





"Based on the current situation, two months at most . "

"It's faster than I thought," Roland commented as he raised his brows . "Are most of the spendings on the payrolls?"

"Yes . The payroll expenses take up more than half of the total expenses . As the population grows too fast, there's a big increase in the payroll of the construction team and the welding unit . Plus, we have to pay the Chambers of Commerce from the Fjords 4,000 to 5,000 gold royals every month . If we stop this payment, the Administrative Office will be able to manage until we receive the profit of the sale from the Joint Chamber of Commerce — "

"We need people," Roland cut across Barov .

"Then . . . " Barov said as he massaged his hands nervously . "I remember you said in the last meeting that there was a permanent solution . Is it true?"

"You still remember," Roland said smilingly as he surveyed the treasury . He had anticipated that this day would come . The treasury was quite spacious and bright . It would be almost the same as an ordinary residence if without the iron bars and the shelves . Therefore, it would be a perfect place to produce notes . "When's the next payroll due?"

"In a week . "

"Store away these gold royals . We don't need them for the time being," Roland said while nodding . "Come with me to my office . I need to found a new department, and I'll discuss the details with you when we get there . "

Although it was a little earlier than Roland had expected, Roland had started preparing for this day half a year ago . He had actually conducted a pilot project by distributing notes to the Witch Union and the Sleeping Spell . The result showed that the witches had no way to forge those testing notes, which indicated that it was now time to replace metal currencies with paper currencies . He could put them into use anytime .





"Yes, Your Majesty," Barov responded . It was obvious that this old governor feared that he would sink into poverty again . After receiving the confirmation, his face lighted up, all the wrinkles around the corner of his eyes smoothened . "By the way, Your Majesty, what's the name of this new department?"

"Bank," Roland replied .

Five days later, a new notice posted on the bulletin at the central square in Neverwinter created an uproar among the public . The Administrative Office, very surprisingly, sent a person to further explain the notice, which was very rare after the implementation of universal education .

The notice also made the headline on the Graycastle Weekly . According to the notice, the king was going to distribute a new type of currency to replace gold royals, silver royals and bronze royals .

For the next couple of days, everyone in the kingdom was discussing this currency reform .

So were the customers in the hotel where Victor stayed .

Victor had planned to return to the Port of Clearwater after the magic movie . However, the appearance of the Bloody Moon disrupted his original plan . Due to disorder and the unstable situation, he immediately changed his plan and decided to stay in Neverwinter for a while . He made this decision not out of his loyalty to the king but because he believed that it would be only worse in other cities . Since the Bloody Moon represented the end of the world, the safest place on this continent would be Neverwinter .

Peace was soon restored after the king and the queen came to sooth the masses . With the the police and the garrison cracking down criminals, order was quickly re-established . Victor, as the witness to the incident at the movie theater, was summoned by the police several times for investigation purposes . When he was about to leave the soft arms of his maid and head back to the south, he heard the news of the currency reform .

The shock brought about by this new policy was far greater than that by the Bloody Moon .





The king was going to abolish the currency system that had been in use since the foundation of the four kingdoms!

As a businessman, Victor had not believed it when he had first heard the news . He had thought that they were delirious ramblings of some drunkards . Gold was the most precious metal throughout the four kingdoms as well as foreign countries . How could the king abolish the currency system all of a sudden?

Nevertheless, he later confirmed the validity of the information after reading the newspaper brought in by the maid . The rumors circulated among various taverns and pubs also further confirmed the news .

The first reform policy was that "All the old currencies shall be replaced by the new currencies . It is mandatory to use the new currencies to conduct transactions in accordance with their face values" .

This meant that the king could use a piece of paper to purchase all the goods brought into Neverwinter, which was pretty much like robbery .

"I saw many people flee the city with their cargo when I came back," Twinkle, who was lying on her stomach on the bed, said apprehensively . Victor was not sure if she was worried that he would leave the city like everyone else or about the Rainbow Stone clothes .

Victor managed a bitter smile . Twinkle did not know that his fortunes had been closely tied to the King of Graycastle . Without Miss Leaf providing him with the seeds, he would not be able to expand his brand .

Whatever happened next, Victor would not abandon the business in Neverwinter easily .

He knew Roland Wimbledon would soon implement this policy throughout the whole nation .

The king himself was an excellent businessman with an acute business sense . He had no reason to rob people at the moment to maintain the status quo . At this thought, Victor calmed himself down and read on .

The second and third policies concerned the livelihood of the community .

"All the salaries in Neverwinter will be paid in the new currencies . "

"All the transactions in the Administrative Office and the Convenience Market, including but not limited to food and real estates, shall be carried out through the new currencies . "

The fourth policy was regarding the number of paper notes distributed to the public .

"The Administrative Office will offer a long-term currency exchange service that enables residents to exchange their old currencies, namely, gold royals, silver royals and bronze royals, for the new currencies, and vice versa . The Administrative Office will charge a 5% transaction fee for each transaction when residents exchange the new currencies for the old ones . "

Victor saw the underlying implication behind this policy .

It seemed that this policy was made to force foreign merchants to use the new currencies .

"Also, the transaction fee could be waived for merchants who have permission from the Administrative Office to run business and who have submitted the application for same . "

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