Chapter 571: Making Magic Supplies the Top Luxury in the Muggle World

In Sebastian's plan, Grindelwald is still the best weapon to deal with the magical governments of various countries.

As for the issue of Gringotts, if it weren't for Grindelwald, the magical governments of various countries would definitely not let go of this piece of fat meat.

No one will give up easily when their interests are involved, and Sebastian is not the Dark Lord after all. Even if he speaks up himself, it will be difficult to bring all the Gringotts in various countries under unified management.

If the Ministries of Magic of various countries were allowed to control Gringotts themselves, he was even worried that the economic system of the wizarding world would regress by decades in the hands of non-professionals.

This is a critical period for the development of the wizarding world, and a key system like Gringotts must not be handed over to others.

After all, Sebastian worked hard to use Voldemort to get rid of the goblins, not to help others.

In order to avoid verbal battles with the Ministries of Magic of various countries, Sebastian invited Grindelwald to join the game, let the saints control Gringotts in various countries, and then indirectly control Gringotts through negotiation and cooperation.

Of course, doing so is also beneficial for whitewashing Grindelwald. In the eyes of ordinary people, what everyone fears most is that he will start a war again. As a result, it is now discovered that this old man does not stir up trouble after his comeback, but instead focuses on the economy and finance.

In this way, as long as there is some progress in the reform of Gringotts, naturally a large number of people will transform themselves into great scholars and help Grindelwald debate.

Looking at the representatives from various countries who were still unwilling to give in, Akinbade felt that he needed to step in and smooth things over.

"Sebastian, their thoughts are not hard to understand. I think they are mainly worried that Grindelwald will mess with Gringotts. After all, everyone's property is kept there..."

Before Akinbad could finish, Sebastian gently waved his hand: "No, Grindelwald won't do anything rash."

"From his performance during the First Wizarding War, this is a man who always keeps his word."

"Moreover, his most dangerous quality is his powerful demagoguery. His ideas can always convince most people, which is why he has so many supporters."

"When he returned this time, his slogan was protection. So if he tampers with everyone's property, he will no longer gain the support of the vast majority of wizards."

"Since I met Grindelwald last time, I have arranged for Swann alchemy employees from all over the world to go to Gringotts for inspection. It turns out that although the saints' skills are not as proficient as the goblins, they are generally quite good. At least they can maintain the basic operation of Gringotts."

"Also," Sebastian smiled and took out a document, "even if Gringotts is in Grindelwald's hands, we can still take the initiative little by little through cooperation."

Hearing this, Akinbad felt helpless and was about to negotiate with Grindelwald. As a result, until now no one knew what Sebastian's negotiation content was.

Now that he saw that the other party was willing to talk a little, he immediately took the document and read it carefully.

After just one glance, Akinbad couldn't help wondering, "The first one is to change Gringotts into a wizarding bank, nominally incorporating it into the International Wizarding Association to become an independent banking system, and then both parties will send people to supervise it."

"Sebastian... would Grindelwald agree?"

"Don't worry, he will agree," Sebastian said confidently. "You will understand if you read on. The purpose of building a unified banking system is to unify the currency. Grindelwald can't find any reason to oppose something that is beneficial to the wizarding world."

A unified currency?

The representatives were confused. Having never received any relevant knowledge, they did not quite understand this point. Instead, they felt that it was extremely troublesome.

"Don't forget," Sebastian took the initiative to explain, "Grindelwald's saints are all wizards, and most of them know nothing about currency. I happen to have relevant talents under my command, so I can take the leading position in the cooperation."

"In addition, after the killings by the Death Eaters, goblins have basically become an endangered species in the wizarding world. Their numbers are no longer sufficient to create currency for the entire wizarding world."

"Let's take a step back. No one can guarantee that the surviving goblins will not vent their anger on all wizards. I really don't feel comfortable handing over the coinage rights to them."

"We must take this opportunity to create and promote our own wizard coin. It is best to control this lifeline in our own hands."

This is just the official statement. To be honest, he has been dissatisfied with the existing monetary system for a long time.

The first point is the currency confusion. For example, the currency used in the British wizarding world is gold Galleons, while the currency used in the American wizarding world is Djokovic. During the Quidditch World Cup, the Muggle camp administrator even saw gold coins that were bigger than the palm of his hand.

Although the lack of currency uniformity has maintained the economic independence of various countries to a certain extent, it has also brought many inconveniences.

In Sebastian's plan, the wizarding world will enter an era of economic globalization, in which case currency inconsistency will become the biggest obstacle to trade, travel and financial systems among countries.

Different countries use different magical currencies, and each currency has three different conversion methods: gold, silver, and copper. For most wizards who are not good at mathematics, this conversion is as inhumane as it can be.

Moreover, international trade and tourists traveling in different countries must exchange local currencies, otherwise they will not be able to consume normally.

During this period, a large amount of handling fees will inevitably be generated. Before this, all the profits will be obtained by the goblins. For them, it is nothing more than transferring the profits from one hand to the other, and the meat will be rotten even if it is all their own, while the wizards will suffer real losses.

These are just the most obvious problems. For Sebastian, he also wants to build the new city of Hogsmeade into a holy city in the hearts of wizards all over the world.

After the currency is unified, wizards from all over the world will be able to see more intuitively the high welfare of the new city of Hogsmeade, which will naturally attract them to invest and immigrate.

Unifying the currency is only the first step. Secondly, Sebastian also needs to improve the exchange rate conversion between wizard currency and Muggle currency.

Just like now, the main component of gold galleons is gold, and its exchange rate to the British pound is one to five.

Is this reasonable? !

A wand costs at least seven Galleons, which is only thirty-five pounds when converted into Muggle currency. In addition, there are potions, alchemical props, owls, etc., which are not worth much after being converted into Muggle currency, especially for the rich Muggles.

How can this be? These are all magic items!

The Statute of Secrecy will be broken in the future. By then, when the Muggle governments see how difficult it is for wizards to live, won't they offer all kinds of generous conditions to poach them?

If this happens, the wizarding world will be completely destroyed.

Therefore, it is imperative to increase the exchange rate, and magic-related items must be made into top luxury goods in the Muggle world. This will arouse the envy of Muggles, and wizards will not abandon the magical world in comparison.

Of course, there are many issues to consider here, such as many young wizards of Muggle origin may not be able to afford the high costs after the exchange rate changes, so relevant welfare policies must be introduced.

In addition, there are countless problems that need to be solved by professionals. Sebastian will not intervene personally, but arranges Percy to lead the team to complete this epic task.

Ding - ding - ding -

Just as Akinbade was immersed in various cooperation terms, Sebastian's magic phone rang frantically.

"I'm Sebastian, go ahead."

As the call progressed, his expression gradually became serious, and after hanging up the phone, he raised his eyes and glanced at everyone.

"Something has happened in the American wizarding world, Akinbade. Please help me notify the Ministers of Magic and representatives of various countries and hold an emergency meeting in New Town in one hour..."