Gefra's former glory made it difficult for its people to accept the sudden transformation from "aristocratic masters" into "country bumpkins in need of relief."
They were still proud at heart.
Their way of thinking remained stuck on the last day when "the Gospel of Gefra resounded throughout the world"! So even the Small Earl found it difficult to make a direct decision on this matter and hand over part of the New Currency's issuing rights to Lin Qi.
Moreover, handing over part of the currency's issuing rights did not mean that every time the Prime Minister's Cabinet of Gefra printed additional currency, twenty percent of it would be printed by them.
Instead, of the additional currency issued during the next stage, Lin Qi's Blackstone Bank would have direct control over twenty percent of it, as well as the right to print and issue it.
For example, if Gefra's economic recovery went well and national income increased, the Prime Minister's Cabinet might decide to issue additional currency to stimulate faster economic development.
Suppose they issued ten billion in additional currency over the next four or eight years.
Blackstone Bank would have the right to print two billion New Fula, without needing any gold reserves or equivalent credit guarantees.
Because the "final authority of interpretation" over this portion of the money still effectively lay with the Gefra Government, Lin Qi would suddenly have an additional two billion in currency at his disposal.
Under macroeconomic regulation, he would only need to ensure that the two billion entered the market. Exactly how it entered the market, and which industries it flowed into, would be up to him.
For the Gefra Government, the planned ten billion would effectively yield only eight billion under its direct control, with the remaining two billion in Blackstone Bank's hands.