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1073 - - money management

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You really think of new things one after another, don't you? So, you want to make the new coin called "En" created by Mr. Ai and Mr. Alphonse available in the Orient, is that it?

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"That's what I mean. Preparations are in progress. But at the end of the day, the most important thing is that the Orient recognizes the newly created En, Mr. Banagher. This EN is actually money without physical coins. It is necessary to have trust in it.

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"That's true. No matter how much you can trade with en, it's no good if you don't know when it will become worthless, that it is. But then, isn't it a bit of a problem to deal in En at the Barka Church?

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"No?"

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Of course. The fact that the Orient recognizes the ene as official currency means that taxes are paid with it. It is a problem that the issuer is not the state, that it is not.

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　Garius made it, and Christina pointed out improvements.

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　The more perfect bracelet was now brought to Banagher.

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　In order to conclude a transaction using this bracelet, prior arrangement was necessary.

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　I had thought that Banagher would give permission immediately because of its convenience, but he apparently thought that there would be a problem.

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　It had to do with the effect on the country when en is used as money.

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　The impact of money on the country means taxation.

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　In short, of course, if ene is official money, then the Orient would be allowed to pay taxes using ene.

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　If the money is made in a messy way by someone other than the state, it would be a problem.

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　Well, you make a good point.

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　I mean, it is a basic principle in the minting issue.

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　It is the same for physical coins.

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　For example, there are gold coins and silver coins.

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　They are recognized because of the value of precious metals such as gold and silver.

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　However, this is only possible when there is a proper management system.

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　For example, the content of gold and silver and the size of coins must be standardized.

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　If coins of the same size contain less gold or silver, it would be a problem, as anyone can understand.

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　It is also the responsibility of the government to control them.

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　It is also the responsibility of the government to control such coins, or as we might call it, to prevent counterfeiting.

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　Even if a vein of gold or silver is found in a mine somewhere, if you make money out of the metal that can be extracted from it without permission, you will be charged with a crime.

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　Only the national government is in charge of making and controlling standardized coins, and it is commonplace for the government to force people to stop the smuggling of coins outside of its jurisdiction.

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　This is because otherwise, only money with a low percentage of precious metals would be available in the market.

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　Then, the question arises as to what about "en"?

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　Money that is exchanged only within the bracelet, without actually making coins.

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　But where does the money come from?

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　For example, the Church of Barca might suddenly issue hundreds of millions of gold coins.

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　Or, they may drastically change the exchange ratio of gold coins, for example, one coin is equivalent to tens of thousands of gold coins.

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　In such a case, there is a possibility that the value of money will disappear at once.

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　Therefore, it was the opinion that the Orient, not the Church of Barca, should be in charge of the en.

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"I guess not."

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"What about ......?　What is wrong with it, that it is not good?"

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"I was told that the management of En would be taken care of by the Church of Barca, or rather by the Ai. I told Ai, too. I told Ai that I would take care of En. Then he said no."

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No, of course not. I am absolutely against the idea of Mr. Alphonse doing this, that I am not. But if the state is responsible for it, wouldn't Mr. Ai give permission?

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"That will probably be rejected, too. Because in the end, it's all the same, isn't it?　Whether I manage it or the government manages it, the administrator might try to issue an absurd amount of en when he suddenly wants to spend a lot of money, right? For example, I need money for a war. Then, it would be dangerous to issue ene, wouldn't it? After all, there is nothing necessary to create money, which has no substance. So, in order to protect the value of the "en", the money needs to be strictly controlled.

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"...... that the Barka Church is neutral, that you say?"

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"Well, I think you mean God's management, don't you?　I mean, actually, Ai is in charge. In that sense, I think Ai is more neutral than anyone else. I can assure you that he will not do anything strange just because the family finances of the country are in trouble. He will do a perfect job regardless of his position as the chairman of the Orient Council.

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"Hmmm. Even so, who knows if that is true?

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"So he said he would put together a bill in the near future. We will define in detail how we are going to manage the En, and we will manage it accordingly. If we later decide to manage it in a different way, I think that means that we will have a bill each time."

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"A bill, that it is. I understand, that I do. We will have to make a decision after seeing it for the time being. I and other members of the Diet will be involved in the drafting of the bill, that I understand. As is to be expected, we cannot leave the matter of taxation to Mr. Ai alone, that we cannot.

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　After all, you have to listen to the opinions of all kinds of people.

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　Banagher had a different opinion from Christina, who was concerned about the safety of money and Garius of technology.

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　Who will take care of the money?

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　When I talked with Banerji, I felt that it was a very honest opinion that money cannot be accepted as money without a proper management system, rather than something he wanted to do himself like me.

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　I guess he is usually involved in diplomacy and so on, and he is especially concerned about such things.

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　It is said that forgery is the biggest cause of failure of a small country to create its own currency.

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　But that is not a problem either.

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　To be frank, there is no other entity that handles the process as neutrally and mechanically as the Eye.

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　We will build a management system that protects the value of en, independent of any influence from any organization, including the state.

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　I can assure you that no one but Ai can do such a thing.

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　That is why I ask Banerjee and the other council members to talk with Ai until they are convinced of this.

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　Well, in the end, the bill will be passed by the Barka Party, which has a lot of influence in the Congress, but even so, the opinions of Banagher and others should be valuable to Ai.

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　After that, Ai and the Orient Assembly worked out the bill for the new currency, the "en".

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　Until the end of the winter, the assembly had heated debates every day.

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