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Chapter 1479 - 1385: European Settlement Bank
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... stablished, Joseph has wanted to create an international trade settlement system based on the franc.
In the early 19th century, the international payment methods used by European countries were very primitive, namely, bills of exchange.
For example, if merchant A in France wants to pay merchant B in Naples, he must first apply for a bill of exchange at a bank in France and pay in cash.
After that, the bank will send this bill of exchange to a bank in Naples with which it ...
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