Early this morning, markets everywhere were in an uproar.
The reason was simple, as a new tax law had been enacted today. The current taxation allowed the use of standard foreign gold and silver currency for payment, which initially pleased some people.
But then they discovered that the exchange rates had changed.
Because to pay the taxes, one could only use Gold Coins, and Zhao Guang wouldn't accept any other currencies.
Of course, that was one thing, but the real issue was the value. To pay with foreign currency, one had to use fifty times the domestic currency's value to pay the tax, which was quite exaggerated.
Outside, the exchange rate between the domestic and foreign currencies was already in the range of thirty to fifty times.
Qiao Miya had long since investigated and hence directly used the highest rate.
