The Eagle of Eastern Europe

Peter stayed in Thessaloniki for half a month. He transferred some money from Sofia to support local investment.

"Your Highness, a total of 100,000 lei are all here."

Peter looked at these money boxes. Because Wallachia used a lot of silver coins, most of them were silver coins.

Peter opened a box at random, and the white flowers inside almost blinded him. This was the result of the development of the Chamber of Commerce, but why did some silver coins look so familiar to him?

He picked up one, and it looked like the others. It was even more refined, but he was still worried. So he split the silver coins to see what was inside, and then burned them with fire. The result almost caused his brain to shut down.

There's not a bit of silver in it, it's all tin and lead, plus a little bit of copper. Isn't this the counterfeit currency he ordered?

cao, you've gone too far.

Why didn't he set an upper limit? Now that's good, he might get burned.

"Is there a lot of trade with Hungary recently?"

"Your Highness, that's too much. Those Hungarian merchants went crazy, and as soon as the goods arrived, they were all gone."

Well, he understood that Hungary sold too many goods, causing the currency to undergo a major exchange without realizing it. So much so that the trade with Hungary is all counterfeit currency. Is this good? This is not good.

"By the way, how long have we been buying Hungarian goods in large quantities?"

"About nine months."

In nine months, Hungarian farmers missed the best opportunity to grow food. Although they wanted to continue, if time was not kept constant for a long time, something would happen, and Wallachia might suffer as well, so they stopped their losses in advance.

"Tell each chamber of commerce that after one week, we will no longer purchase Hungarian products at high prices, lift the production ban in Wallachia, and export grain will return to its original price."

Although they don't know why the adults made the policy change, they know that they finally don't have to look at the faces of the Hungarians. They don't know how they survived the past few months. Dealing with the Hungarians is really torture.

At the same time, Peter also ordered the counterfeit currency workshops to suspend production and no longer be able to use them. If Wallachia is used again, counterfeit currency will probably become rampant.

Because Peter issued an emergency order, it spread quickly. The Wallachian Chamber of Commerce in Transylvania took the lead in refusing the transportation of Hungarian goods. The Archduke of Wallachia and the Grand Duchess of Transylvania ordered to increase the production of products and refused to transport and purchase Hungarian goods.

From heaven to hell, only half a month passed. Hungarian nobles, lords, merchants, and farmers were horrified to find that Wallachia would no longer accept their goods. At the same time, the price of food had increased a lot, which was beyond the reach of farmers.

The nobles did not panic because they had made a lot of money; the big businessmen did not panic because their assets could survive this crisis; the real panic was the small nobles, small landowners, small businessmen, farmers, and craftsmen. All their property had been invested in this trade, and they thought they would achieve a surge in wealth, but ended up losing everything.

In the week after it was announced that it would no longer import, the prices of Hungarian products dropped again and again, and no one even wanted them for free. A large number of merchants and craftsmen went bankrupt, and small landowners and nobles were forced to sell their land and became paupers and beggars. And the price of grain has gone up like crazy, so the nobles have started to plant grain again. After repeated troubles, Hungary's economy has become more chaotic.

Sigismund did not expect Wallachia to play such a trick. The good momentum in the country was interrupted. Although he made a lot of money, Hungary's national power was also weakened. He had to go back to solve these things.

This commercial war that lasted for nearly a year came to an end. The agriculture that Hungary relied on for survival suffered a major blow. A large number of lower-class ethnic groups went bankrupt and became refugees. Archduke Mary and Archduke Mircea took advantage of this to offer generous offers to attract them. In this way, Hungary, Wallachia and Transylvania achieved a win-win situation (Hungarian nobility and Wallachia).

As for the counterfeit money, Peter took every step to stop the inflow. He prevented some Wallachian merchants from trading with Hungary and raised tariffs on some goods. But there is no need to worry about this kind of thing, because Shinra and Venice have taken action.

The states within the HRE, Bosnia, Serbia and Venice saw the severe shortage of Hungarian goods and took advantage of this to make a fortune. They use the goods they produce to earn several times the profit. They still don’t know that almost all Hungarian currency is counterfeit, so those counterfeit currency are circulated to other countries.

In any case, Wallachia used this to weaken Hungary, attract a large population to it, and cause instability in Hungary. Sigismund had to deal with it with all his strength. It was a brilliant plan.

Of course, Wallachia has also been affected. Some domestic merchants who trade heavily with Hungary have suffered greater losses. Peter has given them new opportunities to go to Crimea or Anatolia, where they can Make a comeback.

Of course, Ragusa, a subsidiary state of Wallachia, also suffered heavy losses. Thanks to Hungary's prosperous economy, many merchants in Ragusa joined the feast. Many merchants went bankrupt and hoarded goods, planning to ruthlessly They made a fortune, but before they even made the move, the Hungarian economy was ruined, and so were their assets.

There were only more than 20,000 people in Ragusa, and one-tenth of them were suddenly bankrupt. Ragusa's foreign trade was severely hit and had to turn to Wallachia for help. A large number of Wallachian merchants and chambers of commerce entered Ragusa and penetrated into every aspect of the city. No matter how much the city council tries to stop it, it won't help. The scale is here.

The Wallachian lei became the only currency in the Balkans. Under force, Serbia was forced to abandon its original currency and adopt the lei as its national currency. At the same time, they also intercepted letters between the Serbian monarch and the Ottoman Sultan, exchanging Wallachia's land and his allegiance to the Ottomans for Ottoman troops. They realized that Wallachia was a more dangerous country than the Ottomans.

Brankovich actively contacted Hungary, Ottoman, Poland, Bosnia, and Venice in an attempt to build an anti-Wallachia alliance. However, Christian countries could not tolerate pagan alliances. Poland had no interest in Wallachia, and Hungary was busy. While fighting with Transylvania, the alliance failed. In response, the Wallachian navy set out from Belgrade and entered Serbian territory, plundering countless supplies.

As for Bosnia, Wallachia has no desire to deal with it for the time being, at least until it annexes the border with Serbia. In addition, Bosnia is located in a mountainous area, so the difficulty will naturally increase, so careful planning is required.