Chapter 106 Medieval Monetary System

After hearing the innkeeper's words, Richard nodded, thought for a moment, and then asked, "In the Jade Kingdom, is the exchange ratio between gold coins and silver coins fixed? What is the rate?"

"Yes, the exchange ratio is fixed," the innkeeper said, making a very frightened face. "A standard gold coin can be exchanged for twenty silver coins. The officials don't allow people to change this casually, or else you'd end up in prison."

Then, he quickly glanced around, and after ensuring that there were no suspicious persons nearby, he leaned closer to Richard and whispered, "Of course, on the black market, the price of gold coins is actually higher. They can be exchanged for more than thirty silver coins, sometimes even close to forty. That's why many people don't like paying with gold coins. I wouldn't want to take your gold coins either, as I'm afraid you'd be at a loss."