"As for general currency, we use dragon pattern silver dollars and banknotes for settlement. That is to say, our merchants will be able to trade with your merchants in both forms of currencies. If you receive such banknotes, please do not doubt their practicality, you can convert them into gold and silver at any of our banks."

Chu Yun raised a banknote that had just been printed in his hand, and the ink traces on it were still very new.

This inconspicuous thing will replace the future pound and US dollar and become the world currency, and it will be pegged to gold!

"Use paper as currency?!"

The ambassadors of various countries felt that the banknotes used in Europe were not issued until 1661. The East began to use Jiaozi as early as the Song Dynasty, and the Yuan and Ming dynasties issued banknotes during a certain period. Although many treasure banknotes were easily issued indiscriminately and became worthless and far less reliable than gold and silver, people in the East were not unfamiliar with paper money.

On the contrary, the use of paper money by the envoys from the West was unimaginable. Many ambassadors were in charge of their own kingdoms on the spot. Some of them were proficient in the economy and soon had a heated discussion in private.

In their opinion, China obviously used paper money as general equivalents like gold and silver, and they began to try to understand the role of paper money.

"Would it be too rash to use paper money for trade settlement? Who can be assured to believe whether paper money will lose its effectiveness? If there is a change of power in the East and the paper money becomes a piece of waste paper, who should the person holding the paper money go to ask for gold and silver?"

"How should we determine the authenticity of the banknotes with paper instead of gold and silver?"

"Does the East also have banks? If you need to exchange them into your bank for gold and silver when you get the bank? We still have to get them from the East?"

Soon they discovered something inappropriate.

"I will answer your questions one by one."

Chu Yun found that he was holding a press conference. The other party heard many concepts for the first time and needed to introduce new rules to them.

"In the future, trade will become more and more frequent and the scale will become larger and larger. It is not only inconvenient to trade gold and silver directly, but also unsafe. Once the ship is sunk by a storm in the middle, the gold and silver carried on the ship will also sink to the bottom of the sea, and the cost of salvage is very high, and the loss of paper money is only a loss of part of the paper."

"We will set up branches in London City, England and Valletta City in Malta to provide financial services to all countries along the Atlantic coast and the Mediterranean, and provide loans, exchanges and other services to various kingdoms. You can go to our branches to exchange gold and silver directly. We do not restrict how much banknotes you have obtained, as long as you want to exchange them, you can exchange them for gold and silver at any time."

Chu Yun explained one after another, trying his best to dispel their doubts: "We will not force you to use paper money, but we just propose a more convenient settlement method. You can still trade with us in silver coins, and we will determine the exchange rate based on the silver coins of each country, the quality of the gold coins and our dragon pattern silver dollars."

The envoys from all countries were all right about paper money. Chu Yun was also afraid that the use of paper money was too advanced, so he chose the way of circulating paper money, silver dollars and copper coins together.

Paper money will definitely replace silver dollars and copper coins, which is inevitable, and eventually the paper money will disappear.

The people in the venue felt a little more uncomfortable when they heard this. The other party also used silver coins. If they were worried about the disadvantages of paper money, then they would just continue to use silver coins for trading.

Chu Yun suddenly announced that Chinese should become an international common language and that dragon coins became an international common currency. It was enough for ambassadors from various countries to digest these contents just by digesting these contents.

But this is the beginning. With the international common language and common currency, international trade will become simpler, that is, reduce the cost of international trade.

International order is not just this.

"The third point is that we plan to promulgate the free navigation regulations to provide a stable navigation environment for the large-scale navigation trade." Chu Yun once again raised a topic that made everyone restless.

“What does the Free Navigation Ordinance involve?”

This time, the most serious reaction was the Netherlands, Spain, Portugal and other maritime power countries.

Some Mediterranean forces, such as Venice, Genoa, the Ottoman Empire and even the Barbary pirates in North Africa, were also very concerned about Chu Yun's sudden announcement of the free navigation regulations.

"The so-called Free Navigation Ordinance means that all countries that have joined the Free Navigation Ordinance do not attack each other's merchant ships and are qualified to stay in the non-military ports of the other side. Unless both sides declare war, all countries shall not allow privateers to attack merchant ships of members of the Free Navigation Ordinance. During the declaration of war, no attack on merchant ships of neutral countries shall be allowed."

"In addition, countries that have joined the Free Navigation Regulations should send ships to carry out anti-pirate operations from time to time to ensure the smooth flow of the world's waterways."

"At the same time, all countries should have freedom of navigation, fishing, and freedom to lay submarine cables and pipelines in the sea."

Chu Yun announced to them the first treaty of international law - the Free Navigation Regulations.

China has the largest colony, and Chu Yun also helped local merchants open up the market around the world. Logically speaking, China's merchant ships will definitely appear all over the world. It is very expensive to send warships to guard the world. Previously, Chu Yun had only one Western company to trade with East and West, and Western companies had their own regular shifts. The Fourth Fleet also had to return to the local shifts frequently. It would be okay to send some of the Fourth Fleet's ships to escort the company's merchant ships. If there are more and more Chinese merchant ships going to sea in the future, steamships can sail regardless of the monsoon, and the time for each merchant ship to go to sea is different, and the active sea areas are becoming wider, which is really difficult to fully protect them.

There are also Pirates of Barbary in the Mediterranean, and the Persian Gulf and the Red Sea are actually active in Arabia, Persian pirates, and the Caribbean.

The most troublesome thing is probably the privateers of various countries that play the role of pirates, sometimes merchant ships, and sometimes pirate ships. Chu Yun, as a dignified naval force, has an advantage, so he intends to clean up pirates and private ships, so he makes the existence of guerrillas such as pirates and private ships to make various sea areas safer.

When they heard Chu Yun promulgating the "Free Navigation Regulations" and preparing to attack pirates from all over the world, the representatives of the invited Barbary pirates could no longer hold back. Their Barbary pirates were able to accumulate wealth and survive by looting merchant ships in the Mediterranean. Isn't this "Free Navigation Regulations" cutting off their life?
Chapter completed!