For historical reasons, the currency used by Tuvalu citizens in their daily lives has always been the Australian dollar, and after Li Daniu succeeded to the throne, almost all the money he earned was in US dollars, although there were also currencies of other countries, but they were also exchanged for US dollars by Li Daniu.
As a result, the currency commonly used in New Tuvalu has also changed from the Australian dollar to the US dollar.
For a country, without its own currency, it is simply like playing at home, and although printing money is very simple, if you want to make your country's currency effective, you need the country to have a certain economic strength, or even a certain amount of gold reserves.
Tuvalu used to be one of the least developed countries in the world, and its economic strength was naturally very poor, not to mention any gold reserves, so it was impossible to issue its own currency.
If it is compulsorily issued, it is very likely that it will be like a certain country, and no one will pick up the 100 million yuan banknote if it is still on the ground.
Burns continued: "Our country now has the ability to issue its own currency, even because some of the industries in our country that you have invested in, such as airports, ports, villa areas, etc., can make our currency recognized by other countries. ” "It's a very good idea."
Li Daniu didn't think of this at all before, the most obvious manifestation of a country's national strength is how many countries recognize the currency issued by the country.
For example, the United States, although there is still some small debate about whether it is the world's number one power.
But no one can deny that the dollar has become the most widely used currency in the world, and there is no one.
Li Daniu doesn't know a lot about currency, but he also knows that currency is directly related to a country's productivity, so he asked: "We don't have any productivity in our country, and the government doesn't have any major financial sources at present.
"If it's issued by our government, then the currency doesn't make much real sense," Burns said.
But if it is issued by you, then, depending on your relevant industry, you can definitely make the new currency become the mainstream currency of our country in a very short period of time. ” "I'll issue it" Li Daniu was stunned for a moment, although it is true that he is the king of New Tuvalu, but there is no so-called feudal state in modern society, and New Tuvalu will naturally be no exception, otherwise, why set up a prime minister and government The king's issuance of currency, or the issuance of currency by the emperors in ancient times, was based on their supremacy in feudal times, and Li Da Niu has been avoiding himself from showing his supremacy in New Tuvalu.
For a country that relies on foreign immigrants to grow its population, the king's power is too great to discourage many people who yearn for New Tuvalu from immigrating to New Tuvalu.
"Isn't that a bit inappropriate?"
Burns laughed and said, "If it is issued directly in your name, it must be a little inappropriate, because it is equivalent to issuing currency by individuals."
But if it is released in a different way, there will definitely be no inappropriate problem. ” "Heh, you're still selling off in front of me" Li Daniu looked at Burns, who was a little proud, and laughed in his heart, it can be said that Burns's proposal is the most exciting proposal made by Burns since Li Daniu succeeded to the throne.
Is there any achievement that can be more than the currency issued by oneself, recognized by a country, or even recognized by the whole world in the future?
Burns said embarrassedly: "Your royal family and the government will jointly set up a bank, and then this bank will provide it to issue currency.
Your royal family provides a guarantee of value for the currency, while the government provides legal security for the currency. ” Although Li Da Niu, as the king of New Tuvalu, has the power to appoint a prime minister, and even change the law under certain conditions.
But Li Daniu also has to abide by the laws enacted by the government formed by the prime minister, and this mutual check is what allows New Tuvalu to get so many immigration applications.
In the modern world, who wants to emigrate to a country with a dictator The citizens of New Tuvalu are also subject to laws enacted by the government and voted on by the people of the whole country.
Instead of obeying the orders given by Li Da Niu, who is the king, Li Da Niu does not even have the authority to order any citizen of New Tuvalu to do something that this person does not want to do.
These units, including the public procuratorate and the law, are also under the orders of the government, rather than directly obeying the orders of the palace.
Although many people in foreign countries still think that these restrictions and freedoms are superficial, in reality the government is still controlled by the king Li Daniu.
But for many more people, absolute equality really does not exist in this world.
Isn't the United States, which claims to be the democratically elected president, actually controlled by some conglomerates?
For many people, Li Daniu has become the richest man at the level of 100 billion US dollars through his own efforts, and the industry under his name is a cash cow, and even sponsors the government every month to distribute benefits to all citizens of New Tuvalu, how can he abuse his power because of money As for the abuse of power because of beauty Millions of women of working age have said that there is no need for His Majesty the King to abuse his power, and we are willing to be more proactive.
After hearing Burns' suggestion, Li Daniu instantly understood, and said: "If I do this, do I need to prepare some gold reserves, after all, our country is currently in the stage of investment and development, and it has not produced its own productive forces." ” "This is very necessary, because money has no value in itself, and what gives it purchasing power is the economic strength and credibility of the institution that issued it," Burns said.
You don't lack economic strength, but your economic strength is in some industries, and these industries are not suitable as a reserve for the value of the currency, so a certain amount of gold reserves can make the currency become the mainstream currency more quickly. ” "In addition to gold reserves, what else needs to be done" Li Daniu asked very humbly.
Burns replied, "Beyond that, your industry, and the government's industry, must be willing to accept this currency, and use it."
For example, electricity companies, water companies, and shopping malls that provide daily necessities for citizens, etc."
"How do you talk about this, the head is the way" Li Daniu was very curious.
Burns said with some shame: "Actually, when I was studying abroad, the main thing I learned was finance. ” "Then you will also be the Governor of the Central Bank of New Tuvalu for the time being."
Li Daniu was too lazy to listen to those troublesome things, waved his hand and said: "Just make specific plans and plans, and then I will solve the problems that you can't solve." ” "Actually, this plan was already in place when I came back to Tuvalu, and when I was studying abroad, I always dreamed that one day our country would be able to issue its own currency instead of using other countries' currencies."
Burns said with some excitement: "Based on the current development of our new Tuvalu and the future development trend, I have made changes to the previous currency issuance plan. ” "Then let's talk about the problems first."
"First of all, the magnitude of gold reserves, in fact, there is no need to issue as much currency as you need to reserve gold, with our current situation in New Tuvalu, this ratio can be put above 1100.
The second is to determine the value of the new currency, in the initial stage, we should not let the market determine the value of the currency, but should set up a price bureau to price the goods.
Finally, there is the number of currencies issued in the first phase, and it is impossible for us to issue more than the total economic strength of our country at one time, which will only cause currency depreciation. ” "1100" Li Daniu is thinking of many countries at the moment, there are not many gold reserves at all, but they can issue trillions of currency, which also shows from the side that the current New Tuvalu still has a very big gap with many countries in terms of national strength.
Burns comforted: "Your Majesty, I believe that in the future, we in New Tuvalu will not need much gold reserves, and we will be able to issue a lot of currency. ” "Then determine the purchasing power of the new currency in the country according to the current purchasing power of the dollar."
Li Daniu said: "Then according to the total amount of currency required at present, the relative amount of currency will be issued, as for whether foreign countries recognize it or not, it is not what we can grasp now." ” Dollar Burns was once again shocked by Li Daniu's ambitions, and according to Li Daniu's usual style of acting, the domestic purchasing power of the new Tuvalu currency was set at the same level as the US dollar, that is, in the future, the new Tuvalu currency would replace the US dollar, and even surpass the current status of the US dollar in the world.
Is this possible t1706231537: