It was inevitable that the Federal Sol would be withdrawn from circulation.
Gold was now the world's dominant hard currency, and the only remaining currency circulating worldwide! It was said that the gold adorning buildings in many monarchies had been scraped off, while in some deeply religious countries, even the statues of their gods had been smashed and melted down for gold. Everything was for gold! The widespread circulation of gold coins had driven silver prices steadily higher, and silver coins, as a subsidiary currency to gold coins, had also begun circulating throughout the world.
But this did not refer to large-scale trade. It referred to small-scale transactions among ordinary people.
The Federal Sol's purchasing power internationally was also far lower than it had been a few years ago. Thus, its withdrawal from circulation was not anyone's personal decision, but the helpless choice of the entire world.
As long as the Federal Sol was officially withdrawn from circulation here, the Federal Government could repay the money it owed individuals and enterprises over there—
Global Communication Service Company refused to accept Sols in exchange for Credit Points, while the Federal Government would only issue Federal Sols, leaving creditors with virtually no choice! They could either wait indefinitely for an equivalent settlement in gold, without even knowing whether it would ultimately exist.
Or they could choose to get the Federal Sols first, then consider exchanging them for gold or silver afterward.
This move was clearly somewhat... underhanded and not entirely aboveboard, but Lin Qi had no other choice.
If he had the ability, he would have been willing to shoulder the debt, but this debt was simply beyond his means!
The Federal Government had already spent almost all the money in the social security fund accounts on building shelters and related facilities,