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Chapter 562 - 562 562 Aluminum Currency Enters the Market

562: Chapter 562: Aluminum Currency Enters the Market 562: Chapter 562: Aluminum Currency Enters the Market Well-prepared Babaza listed a series of restrictive conditions in quick succession.

Zhao Guang immediately nodded, “That’s well said, I’ll go convey this to the people at the New Art Association right away.”

“Not convey, command, remember it’s a command,” Babaza roared, slamming the table.

“That probably won’t work, I’m not their superior, and strictly speaking, the New Art Association is more like a guild and not an official organization, so I basically have no right to issue commands to them.”

Babaza felt like his head was about to explode, how could this guy not be flexible at all.

Suddenly Zhao Guang said, “How about this, those who advocate new art are all from the nobility of the Empire.

So, why not incorporate the association into the Noble Management Office, that way we can directly issue restrictions.”

Babaza seemed to explode out of his chair, “No, absolutely not, joining the Noble Management Office would mean acknowledging their status, which would make it even harder to restrict them.”

Zhao Guang made a helpless gesture, “Then I’m out of options, this isn’t something a mere Earl like me can control.”

Since when had the title of Earl been minor, well, okay, considering there were even Marquises in the New Art Association.

At this rate, even two Dukes might get involved.

After all, there seemed to already be members of their families joining, and the thought made Babaza’s headache worsen.

Just his luck, it was problems with the orders he conveyed, and now it had turned into this mess.

But that was exactly what the King himself had said, he was merely quoting verbatim.

Was it his fault this guy misunderstood?

Yet, if he fails this task, wouldn’t he face punishment upon his return?

One wrong move could even cost him his title, which would be truly humiliating.

Although many court nobles had been stripped of their titles, for poor message delivery, he feared he would be the first.

Babaza grew even more frustrated, “How about you go back and report first, see what the King thinks.”

Babaza, left with no choice, could only take his leave.

Zhao Guang sneered, by the time you return, who knows how much worse things will have escalated.

The New Art Association was now not only influencing the nation but had started to impact the outside world as well.

Aside from the Undead Magi of the North showing no interest, the Beastmen had even started their own upheaval.

However, on the Beastmen’s side, they had reorganized into their own association.

Both groups being involved in art, these two associations were already planning to start exchange activities.

Who would have thought that art would break down the barriers between Humans and Beastmen.

And in the Southern Klein Empire, there also seemed to be budding developments in new art.

However, due to the distance, Zhao Guang’s information wasn’t very clear, nor did he know to what extent it had developed.

But as long as there were signs, in time, it would naturally blossom.

Unexpectedly, his greatest impact on this world turned out to be art; that really was something.

Never mind, he’d continue with his own endeavors.

Zhao Guang continued his research, for he was getting closer and closer to perfecting magic.

Once perfected, he would reach the level of a Great Mage.

By that time, even the Empire would not be able to be so forceful with him.

However, one day, Xi Fei suddenly appeared and informed Zhao Guang about the completion status of the new plan.

“Aluminum currency has already been introduced to the market, how has the response been?”

“The response has been standard, almost a 1:1 exchange ratio with Gold Coins,” Xi Fei responded.

“That’s best, we only feared major fluctuations.

So, what about the previous currencies, can we suppress them?” That was the biggest concern; otherwise, he wouldn’t have needed to introduce aluminum currency.

“For now, it seems there are no issues, it’s running two currency systems concurrently.”

Zhao Guang looked at the data, which outlined various changes to the new plan over the past few days.

The situation was more stable than he had anticipated from the data.

After all, as a Lord, he inherently had absolute authority in his own territory.

Initially, as he flooded his land with massive amounts of currency, continuously suppressing the currency value, it wasn’t criticized as excessively as 30 to 50 times; Zhao Guang had pushed it to less than twice.

At its lowest, it even reached 1.5 times, but further suppression proved difficult.

Because in others’ eyes, the materials he used might not match the value of silver, but it certainly was comparable to the value of copper.

The intrinsic value and refinement were both above that of copper coins.

LATER, Zhao Guang had to reduce the issuance of smaller denominations and increase larger denominations.

With the suppressed value ratios in place, Zhao Guang smoothly introduced the aluminum currency.

By positioning aluminum currency at equivalent value to Gold Coins, he managed to suppress the value of his own currency system.

He didn’t know if it would work; after all, even on Earth, there hadn’t been such an example.

But now it seemed, this method combined with his authority, albeit barely, had some effects.

According to the market feedback, the value of his aluminum currency was almost comparable to that of formal Gold Coins.

Although the aluminum currency was slightly larger, its weight still wasn’t enough, hence its value was lower than Gold Coins.

However, its refinement was another matter, as these were far more refined than the Gold Coins.

Therefore, determining the real value between the two currencies was challenging.

Of course, this is not to say that the Alchemists’ skills weren’t sufficient.

The Alchemists producing Gold Coins were often apprentices, and they didn’t prioritize these items.

How could something made carelessly compare to the precision of mass industrial production?

But no matter what, running these two currency systems concurrently was finally managing to stabilize the prices.

Next, the plan was to continue boosting productivity to bring prices down to a normal level.

Afterwards, see if his currency system still holds meaning, and if not, gradually wind it down.

In the end, he had originally used this method due to concerns about external impacts on his territory.

But as things developed, the impact wasn’t as severe as expected, so Zhao Guang no longer focused so much on the currency issue.

“Very well, I understand.

Going forward, issue more aluminum currency; temporarily halt the other types, just make adjustments as needed,” Zhao Guang directly issued his order.

“Understood, I’ll inform Qiao Miya about it.” Qiao Miya was adept at handling these matters, which reassured Zhao Guang.