Chapter 179 Mala's Self-Doubt_2

Next, they used the advantage of issuing banknotes to regulate other banks.

"Who dares to disobey? We'll tighten your cash flow tomorrow and see how many days you can last!"

The Marquis of Ludo and his companions exchanged glances once again—accepting the banknotes of other banks meant that others could give their printed paper to customers, who then could bring these papers to their own bank to exchange for silver coins.

Although their own bank could also bring the received banknotes to the Bank of France Reserve to exchange for silver coins, there would be a couple of days' delay in this process, during which their hands would accumulate tens of millions of banknotes, essentially becoming a factual reservoir of paper currency.

Not to mention, interbank settlements could hardly occur every few days; at best, they would take place once a month. All the banknotes for that month would be pressing down on their own bank.

Mr. Bouvarandere said with a stiff upper lip: