Chapter 261: Chapter 10, Coinage Tax

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After a series of setbacks, on May 12, 1855, the first currency of the New Holy Roman Empire — the New Holy Roman Empire Rhine Shield — was officially issued.

The Vienna Government successfully obtained the right to coin currency, and the reserve gold from the governments of various sub-states was also uniformly absorbed into the Imperial Central Bank's reserves but was temporarily held within the individual sub-states.

It wasn't that Franz didn't want to consolidate everything in one step; he primarily considered the risk of backlash from the sub-state governments after having just carved a chunk of meat from their bowls.

Since everyone wanted to keep it in their hands, it was left as is, as long as the Central Government dispatched officials to supervise, prohibiting anyone from using these reserves.