Magic Mech Wars Steel Torrent-Chapter 47 Three Major Financial Aspects

Matters related to the economy?

Nalin in the carriage was also surprised that there was more to come.

Wasn't the convenience of magic-powered vehicle transportation given to the original manor owners and nobles considered part of the economy?

"First, we will establish the Lendel Gold Bank."

"Anyone who deposits money in the Gold Bank will enjoy a current account interest rate of 1% for deposits and withdrawals at any time. The interest rate for fixed-term deposits is 2% for one year, 2.5% for two years, 3.5% for three years, and 5% for five years."

"For anyone borrowing money from the Gold Bank, the minimum annual interest rate is only 3%."

"Any future changes in the interest rates of the Lendel Gold Bank will not affect the deposited or borrowed amounts with the previous interest rates."

"I will announce more details later, and they will be displayed in the Lendel Gold Bank that will soon open in the city."

Poli announced the first item.

If people from Sulian's original world were here, they would basically be able to guess what was coming next.

The three-piece set of finance - he was about to start controlling the economy in a reasonable and optimized way!

"Can we both borrow and deposit? Is there an upper limit?"

"How much can we borrow? Can we pay less interest if we repay the money earlier?"

Some manor owners and nobles had already started asking questions. The other common people might still be a bit confused, but they were the first to realize what this meant!

"Don't worry. I'll explain everything in detail later. It will definitely satisfy you," Poli said.

"Sorry, sorry, Lord Poli. Please continue."

The person who had spoken also realized that he had lost his composure. Especially when the other nobles had already glared at him, how could he interrupt such an important matter?

...

"Second, we will establish the Lendel Insurance at the same time."

"You may be wondering what insurance is?"

"To put it simply, if you buy an accident insurance worth one gold coin for yourself, then within the specified time, if you get injured, you will receive compensation ranging from two gold coins to ten gold coins according to the degree of your injury."

"If you are a merchant and buy an insurance worth one hundred gold coins for your goods, then if there are accidental losses during transportation, you will receive compensation ranging from two hundred to one thousand gold coins according to the degree of the loss."

"You can buy insurance for diseases, accidents, and goods."

"The money you pay for the insurance will go to us and will not be refunded to you. But if something happens that requires a claim, we will pay you the compensation according to the specified amount."

"That is to say."

"We will bear the risks of your future illnesses, accidents, and losses of goods through our insurance!"

Poli explained briefly.

Now the common people roughly understood.

That is to say, by spending one gold coin, they could get up to ten gold coins if they got sick or had an accident later. The only problem was that if nothing happened, the money would not be refunded to them.

"Similarly, you just need to have a general understanding for now. We will inform you in detail in the Lendel Insurance that will be established in the city later, and all relevant contracts will be shown to you clearly," Poli continued.

Everyone nodded. It was enough to know that it seemed to be something very useful.

...

"Third, we will establish the Lendel Exchange."

"You will also be confused."

"To put it simply, for example, Count Virginia wants to run a dress shop, but the initial capital seems to be insufficient. Then we will give you some money, as long as you promise to give us a corresponding proportion of the profits from the operation in the future."

"Of course, if there are losses, we will bear them together."

"And this exchange is a place to prove all transactions in this regard. If you think Count Virginia's dress shop is viable, give him some money to continue. If you think his dress shop is not going to work, sell that proportion of the contract to someone else, and the next person will bear the profi

t or loss."

"Ordinary people can participate, and wealthy merchants can cooperate with each other."

"The Lendel Exchange will be responsible for all relevant transaction certifications for you!"

Poli explained briefly.

It was something that the common people were still confused about, but the manor owners and nobles quickly understood!

With these three economic measures in place, they could be more daring in their actions in the future!

"Do you roughly understand these three economic matters?" Poli asked.

In fact, he was also very nervous. The things that Sulian had explained to him in detail were really quite weighty.

Whether it was the bank, insurance, or the exchange, in the future, their Peter's Holy Territory would obtain extremely terrifying rights for money circulation!

They could absorb funds to the greatest extent and make the most of the funds!

With the exchange, they were equivalent to having the first-hand transaction information of all the merchant guilds, and they could control the economic situation more accurately. With this, even if they launched a war in the future, they wouldn't have to worry about money at all.

Even if they expanded, they would have an even more terrifying source of economic income in the future!

Poli was more inclined towards political matters. He really felt pressured to handle this.

Sulian himself wasn't worried at all.

He still smiled faintly at everything in front of him because he knew very well.

This kind of thing was only difficult at the beginning. Later, it would definitely attract the participation of relevant talents. Even if there were problems during the operation, they were princes who had the right to speak in the entire territory. Minor problems were not worth worrying about at al

l.

...

The three major aspects of finance: bank, insurance, and securities!

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What Sulian wanted to do was to first control the economy of the entire Kingdom of Aivisu!

He might not have been a finance professional before, but there was no problem at all in bringing these concepts here and implementing them first. Later, he just needed to accurately find the talents attracted by this and train them to stabilize the basic situation.

After all...

Once they had strong military strength, no one would be able to shake their economy!

...

Similarly.

Before this, taking the agricultural plowing machine as an opportunity, he liberated the labor force of the entire territory through agricultural reform.

These labor forces, with their basic needs for food and clothing met, were bound to create greater value in various factories or industries.

With the sufficient guarantee of the labor force, the economy could be better operated, and then the military strength could be developed to the maximum extent!

In addition to his personal ambition, they also needed to guard against the Kingdom of Aivisu itself.

As long as the king was normal, he wouldn't allow the prince to easily control the national economy. Before controlling the entire Kingdom of Aivisu through the three major financial capabilities in the future, they must ensure that their military strength was strong enough!

...

After that.

Poli, Ersha, and the others began to explain in detail the matters related to agricultural reform and land issues, and discussed the issues of the transportation rights of magic-powered vehicles.

Naturally, they also focused on explaining the three major financial aspects. Especially in terms of depositing money and buying insurance, they must first let the wealthy manor owners and nobles put some money in to test the water. With the large initial funds from these people, they could better c

arry out the subsequent work.

What?

You say they don't dare to put money in directly?

You can't lease the land anymore. Do you still want the transportation rights of the magic-powered vehicles?

Either you put the money in for me!

Or, you can just watch the transportation rights of the magic-powered vehicles!