Chapter 160, Ceasefire Negotiations

Currency standard reform is not a novelty. The gold standard had been accepted by European countries only in the last three to five decades.

Along the way, there had been disruptions, and to prevent the massive outflow of gold, most countries had basically implemented restrictive policies during the reform period.

The most representative of these was the Vienna Government's financial control legislation, which explicitly restricted the outflow of large capital sums.

This was one of the reasons why financial capitalists detested Shinra, as restrictions on major capital flows hampered their ability to quickly move money in and out, significantly affecting everyone's speed of earning money.

Before the war, Britannia was the financial hegemon, always having excess capital, so naturally, there was no need to restrict capital outflow.

Now the situation was different. With the continuously worsening conditions, politically astute capitalists were already planning their escape.