Chapter 820: EUR

Putting down the phone, Sir Tucker felt dizzy. He didn't have any mental preparation yet, and he was about to meet the toughest man on the European continent, which kept his heart up and down.
Quickly tidy up his table, put on his coat, and curled his hair. When he gathered a dozen employees in the bank and went downstairs to meet in a line, the convoy had already moved over.
There is still moisture here, and there are mottled water stains on the buildings on the ground floor. After all, the tide has just dissipated. Fortunately, the long buildings here that are hundreds or even thousands of years old are relatively strong and stand tall.
"Head of State, this is the Bank of England." King George VI personally opened the door for Cyric and said to Cyric.
Looking at this white building, Cyric was also full of emotion.
"Head of State, welcome to inspect the Bank of England." The soldiers who were suffering stopped by the side. Sir Tucker could only wait behind him until Cyric walked over to welcome him: "I am the governor of this place. Tucker."
"Well, boy, yes, work hard, the future of the empire needs a young man like you." Cyric encouraged.
This sentence is embarrassing, empire, which empire is it? The British Empire or the Third Reich?
Fortunately, everyone was blurred immediately, and Sir Tucker followed Cyric's ass, stubbornly.
All the way to the conference room, Cyric sat in the chairperson's seat and immediately began to inquire.
"Now, how much gold is still in the bank?"
Of course, one gram of gold is gone. If there is gold, when Germany entered London, all the gold would be confiscated.
Sir Tucker told the truth: "When we took over the Bank of Scotland, the vaults here were empty and there was no gold left."
"In other words, now, the pound can no longer support its value." Cyric said.
The issuance of any currency requires a reserve. This reserve is undoubtedly the most suitable for gold.
Now that the gold reserves are gone, if currency continues to be issued, the result will definitely be currency depreciation and inflation.
"Yes." Sir Tucker nodded.
"It seems that the British economy is about to collapse, and King George VI has really committed an unforgivable crime against Britain." Cyric said.
Everyone can only continue nodding their heads.
"In this case, it is obligatory for us in Germany to save the British economy." Cyric said: "Now, I have a proposal. All of Europe, we issue the same currency, this currency, I call it The euro is our European currency."
Economic reunification is already imminent, and doing different things is obviously not conducive to the overall management of the entire European economy. Germany needs to integrate all countries.
Therefore, a unified currency must be issued!
EUR? All those present were taken aback: "Then what about our current currency?"
It is very difficult for one currency to replace another currency. For example, the pound sterling has now circulated to many countries in the world, and until now, the pound sterling has been the universal currency.
If you want to replace the pound sterling, it might mess up the world economy!
"Of course it is to complete the docking with our euro as soon as possible." Cyric said: "Now, the British treasury is empty, and the huge pound issued cannot be exchanged. Once there are countries with abundant reserves of pound sterling, they are required to come to the United Kingdom. Exchange, if there is a run, then the British currency will immediately collapse. You are all economic experts. Can't you still figure this out?"
Cyric was right.
If there is a run on the pound and the pound is used to exchange other currencies, the pound will immediately become waste paper, and the complete destruction of the British economy will follow. It is crazy enough to think about it.
"So, how do we complete the docking?" Sir Tucker asked. Although he is still young, he has always been in the financial system. Now if the euro is issued, it is definitely a huge job.
"The euro is our European currency, and all countries will access it." Cyric said: "Now, I plan to use the Bank of Berlin in Germany, the Bank of France, and the Bank of England, the three banks as the issuing banks. In about half a month, we will complete the transition of all our domestic currencies to the Euro. After half a month, we will no longer let the original paper money circulate."
Half a month! In later generations, the integration of the euro took several years, and even after the discovery of unhappiness, the United Kingdom immediately withdrew.
However, now is the time of the war, Cyric’s dictatorship, Cyric’s dictatorship is the same, saying that it is too much, it is too much, it is out of use, and if it expires, the currency will become waste paper.
"All banks, including commercial banks, must be mobilized and organized to successfully complete this exchange task." Cyric said.
It is definitely a big project to let people all over the country go to the bank to exchange currency.
"Not only the British mainland, but also in the colonies, they must be exchanged. The same is not overdue." Cyric continued.
Hearing this, Edward VIII's eyes were already lit up. He had already guessed Cyric's plan. It would definitely kill two birds with one stone, a good way!
In the homeland, they have all been loyal to Edward VIII. In order to protect their own interests, the old aristocrats have taken refuge in Edward VIII without hesitation. However, in the colonies, many are still waiting.
Especially, when the news that George VI ran to Egypt came out, the colonies in the Middle East immediately declared their allegiance to George VI.
Now, here is a good opportunity!
If they continue to be loyal to George VI, the pounds in their hands will become waste paper, which will objectively pressure them to make the vacillating players make the right choice.
"So, the foreign exchange reserves of other countries ~ EbookFREE.me ~ require us to exchange it?" Sir Tucker asked.
This action is a double-edged sword. If the pound rushes in from overseas, it will put tremendous pressure on the euro. This is not the United Kingdom alone to bear, but the entire euro zone.
But at the same time, this also has a significant effect on the circulation of the euro. Exchange between the euro and overseas will soon be all in circulation.
"There is a prerequisite. If other countries want to exchange British pounds and foreign currencies, then they must support the London government. If they secretly collude with the sinner George VI, then they don't want to do any exchange." Rick said.
This is also equivalent to putting pressure on the United States. Don’t want to exchange the British pound sterling for Americans, and keep it in your hands as waste paper!
The Americans must support King George VI, and in this way, the largest source of foreign exchange will be used.
This is not for later generations. It has an advanced network and can design various procedures to turn large amounts of funds into small accounts for exchange. The exchange between countries is extremely large and can only be carried out by the state. .