Chapter 859: Worldline Two
After the New Magical United Kingdom was established, the Tierras took the lead, standing at the forefront against the pressure from countries across the Muggle World.
Although the New Magical United Kingdom had eliminated the threat of military force from the Muggle World, it faced an economic blockade imposed by nations around the globe, bringing considerable difficulties and challenges to the new country's early days.
The economic blockade restricted the New Magical United Kingdom's international trade and cooperation, leaving its economic development and resource supply in severe difficulty.
Without channels for foreign trade and resource imports, the new country's development was greatly hindered.
At the same time, rejected and sanctioned by international financial institutions, the New Magical United Kingdom's financial system suffered severe damage. The nation's fiscal pressure was immense, affecting its operations and development.
The United States, France, Germany, and other countries even engaged in massive short-selling of Pound sterling abroad, trying to force the New Magical United Kingdom into submission through economic means.
Faced with this predicament, the vast quantity of Galleons Tierra had previously confiscated finally came in handy—
Tierra directly abolished Pound sterling and instead used Galleons, coins minted from gold, as the currency.
As a currency minted from gold, Galleons possessed stable value and broad recognition, becoming an important measure by which the New Magical United Kingdom countered international economic sanctions and short-selling.
Abolishing Pound sterling and adopting Galleons as the new nation's currency freed the New Magical United Kingdom from the effects and interference of external financial fluctuations, laying a solid foundation for its economic independence and autonomous development.
At the same time, the stable value and widespread recognition of Galleons made them the new nation's economic link and reserve of wealth, helping stabilize its financial system and promote sustained