Bury the Qing Dynasty

Chapter 157 Finally Doing Your Hands on Currency Pairs
Liu Huaiwen couldn't help feeling a little distressed at the thought of fighting against my Qing Dynasty on the battlefield.

It's not that I feel sorry for the life and death of my Qing Dynasty, but rather my treasury of Ming Dynasty. After all, my treasury of Ming Dynasty was not rich in the first place.

After forcibly resisting the urge to ask Zhu Jinsong to borrow money to buy a cat, Liu Huaiwen took out a stack of papers and a handful of coins similar to copper plates from his arms, handed them to Zhu Jinsong and said, "Your Majesty, this is just printed The Daming Treasure Banknote made."

When Zhu Jinsong took over the banknotes and flipped through them, Liu Huaiwen went on to say: "These banknotes are according to His Majesty's wishes. The denominations are divided into yuan, jiao, and fen. Among them, the denominations of yuan and jiao are paper treasures. bills, and cents in coins made of hard metal."

"Among them, one penny can be directly exchanged for one penny, both of which belong to the currency with the smallest denomination, one yuan is equal to one hundred coins, and ten yuan is equal to one tael of silver."

Zhu Jinsong hummed, and continued to flip through the banknotes and coins in his hand.

Naturally, there is nothing to say about the face value of the treasure banknote. From a hundred yuan bill to a dime change, it basically covers the daily needs of ordinary people and businessmen. Even the style is similar to that of later generations. The difference lies in the value of the treasure banknote. The size is relatively large, while the banknotes of the flower growers are relatively small.

As for anti-counterfeiting, Zhu Jinsong didn't care too much.

The anti-counterfeiting technology gathered by the top scientific researchers and craftsmen of the entire Ming Dynasty is not too far ahead, but it is still possible to lead the world by three to five years—after three to five years, new anti-counterfeiting technologies should also appear Well, there's really nothing to worry about.

Moreover, Jinyiwei, the Metropolitan Procuratorate, Yushitai, and local government and peasant associations are not vegetarians, and the Ming Dynasty's laws are stricter in punishment for counterfeiting. No one should dare to risk implicating the three generations of the nine ethnic groups in counterfeiting.

Compared with anti-counterfeiting, Zhu Jinsong is most concerned about the new money worth cents.

The new pennies are very similar to the old copper plates, but not quite the same - only the size and weight are the same, and the color and format are quite different from the previous copper plates.

Most of the copper plates in the past were made of brass mixed with a small amount of other metals, and the color was also biased toward the color of brass itself. Most of the forms were round on the outside and square on the inside, reflecting the idea of ​​"round sky and earth" on the one hand. On the other hand, it is convenient to string up with rope.

"Historical Records Ping Zhun Shu": "The capital of the capital is huge and cannot be corrected; the millet of Taicang, Chen Chen Xiangyin, is full of dew and accumulates outside, until it is corrupt and inedible."

The thread that passes through the money is rotten, and countless copper coins are scattered all over the place, and it is impossible to count how many there are.

On the surface of the copper plate, the words XX Tongbao are usually printed on the front, and the reverse side is printed with patterns or nothing at all. Only the copper coins of my Qing Dynasty have the words XX Tongbao printed in Manchu on the back.

And the handful of coins that Zhu Jinsong held in his hand had denominations such as one cent, two cents, five cents, and one dime printed on the front, and six extremely small characters "Daming Royal Bank" were printed on the side. There are different patterns printed, and the words "Yellow Emperor Era [-]" are also written under the patterns.

Except for the degree of exquisiteness and the difference in text, face value, and metal used, there is no big difference from the florists' coins in other aspects.

After appreciating and playing with it, Zhu Jinsong ordered: "Let's start, it's almost time for our Ming coins to be reformed."

It's funny to say, Zhu Jinsong has already occupied the land of the sixteen provinces, but the land of the sixteen provinces is still silver plus the copper coins of my Daqing.

It's not that Zhu Jinsong doesn't know the importance of currency rights, nor does it mean that he doesn't want to issue banknotes by himself.

If this kind of thing was put on other traversers, it is estimated that they would be busy improving the currency as early as after occupying Shandong or even just occupying Yizhou, but Zhu Jinsong has not bothered, because this kind of nonsense is fundamental.

Have you considered anti-counterfeiting technology?Considering that someone would fake it?Has the level of recognition of the notes issued been considered?

Let’s just talk about anti-counterfeiting technology. If there is no world-leading anti-counterfeiting technology, once our country produces a large number of counterfeit currency and puts it in large quantities, the newly issued banknotes will be sold out immediately.

Besides, without a strong imperial court to endorse banknotes, who would recognize this thing?All fools know that Ying Jiang has cut leeks all over the world with green coins, but do you have the strength of Jia Ying Jiang?
Don't take the border area ticket as an example-the reason why the border area ticket was successful is because the government under the administrator's rule has a good reputation, and the legal currency and gold dollar coupon system created by the bald head have collapsed, so the border area ticket can be generally recognized.

If Zhu Jinsong issued banknotes when he only occupied a province in the early days, it is estimated that there would be no other person except Zhu Jinsong who admitted the currency attribute of this thing.

Because the silver and copper plates in the Qing Dynasty are precious metals and have monetary value in themselves, what are the paper money?
Don't forget, when it comes to playing with banknotes, I, Zhongyuan Tangkou, are the patriarch of the world.

As early as the Song Dynasty, there were already half-official and half-civilian Jiaozi at the entrance of the Central Plains. In the Hongwu period, there were already treasures issued by the court. The common people had seen paper money long ago and lost confidence in it.

More importantly, currency has never been such a thing that good money will definitely drive out bad money, but there is a risk that bad money will drive out good money. It is not as easy as imagined to promote a new currency.

That's why Zhu Jinsong didn't make any fuss. He didn't start to make preparations until he won the territory of the sixteen provinces. From the currency to the bank and then to the treasury, everything was basically prepared. Then he planned to make a big impact on Daming's finances. and monetary system reforms.

……

The year 4487 of the Yellow Emperor corresponds to the 55th year of Qian Deaf, and the fifth year of Zhu Jinsong's reign as emperor, which is customarily called "the fifth year of the Holy Emperor".

Zhu Jinsong didn't know how the title of "Holy Emperor" came about.

Not to mention that Daming has completely switched to Emperor Era, the key point is that it is impossible for Zhu Jinsong to directly use the word "Holy Emperor" for his year name-how shameless people must be to do this?I, the emperor of the Qing Dynasty, have never used such an awesome year name!

The key point is that the common people of Ming Dynasty recognize this year name. After seeing the era of the Yellow Emperor, many people will habitually ask, "How long has the Holy Emperor been this year?"

Later, when posting some official documents, the local government would habitually explain that "this year is the year of the Holy Emperor".

Of course, the reign has nothing to do with the merchants, but it was the merchants, especially the banks, that were first affected by fiscal and monetary reforms.

Because the spring tax in the "Five Years of the Holy Emperor" will start to be collected in a few months, the merchants of Ming Dynasty have already prepared their account books and money. For a while, the joke of the family crematorium.

Therefore, every time it was time to collect taxes, the businessmen of Ming Dynasty would check the account books and tax money over and over again as if they were facing an enemy, so as not to be found out by the government.

However, when it came time to collect the spring tax for the fifth year of the Holy Emperor, these merchants in Daming were dumbfounded—the government no longer collected the spring tax directly, but asked the merchants to go to the newly established bank to pay the deposit tax. After opening a newly established bank, he was told that the bank did not accept silver and copper plates, but only the newly issued Daming banknotes.

No Daming Banknotes?Go to the window next to it to exchange. One tael of silver can be exchanged for a ten-yuan Daming banknote, and ten taels of silver can be exchanged for a 100 tael banknote. After the treasure banknote is exchanged, you can pay the tax.

These merchants in Ming Dynasty are very confused - first exchange the silver for treasure notes, and then use the treasure notes to pay taxes.
One cent of copper coin can be exchanged for one cent of new currency, one thousand pennies or one tael of silver can be exchanged for ten yuan of new currency, and vice versa...These merchants suddenly discovered a very fatal problem.

The poor money that was supposed to be enough to make a fortune was wiped out.

Although Daming originally recognized copper coins and silver, the exchange ratio between copper coins and silver is different in each place. In some places, 1000 cash is exchanged for one tael of silver, and in some places, more than [-] cash is exchanged for one tael. silver.

Of course, there may be some distance between these two places, such as the distance between Shandong and Guangdong, but in front of the white money, the so-called distance is naturally not a problem.

For example, from a place where the exchange ratio of silver and copper coins is [-], you earn [-] Wen, exchange it for one tael of silver, then exchange it for copper coins at a place where the exchange rate is [-], and return to the place where the exchange rate is [-]. Two hundred coins more.

However, as the imperial court came up with a new currency policy, this currency gap was forcibly smoothed out—no matter how wild the businessman’s path is, it can’t compare to the bank outlets that spread throughout the entire Ming Dynasty, and the exchange rate of the bank is the same as that of the entire Ming Dynasty. One thousand cash for ten yuan.

Immediately afterwards, these businessmen got another confusing news.

All the industries under the control of the Ming court will no longer accept gold, silver and copper coins, but only treasure banknotes. However, those merchants who have cooperative relations want to settle with treasure banknotes or gold and silver. It is only a deduction for settlement with gold and silver. "Very little" fire consumption.

By this time, although the imperial court had not yet announced the complete abolition of the original system of silver and copper coins, these merchants, who were smarter than monkeys when they were glued to their hair, had already seen through everything.

The imperial court intends to reform the currency and replace the original currency system with Daming banknotes.

Fortunately, Zhu Jinsong's version of the Ming court is well prepared in this regard.

First of all, the Ming court did not force the immediate abolition of the original currency, but only slowly promoted it from taxation.

This made many businessmen breathe a sigh of relief—they were afraid that the Ming court would issue treasure notes, but the government would not allow merchants to use them to pay taxes.

The second is that many businessmen themselves depend on the industries controlled by the Ming court to make money, so even if they are unwilling to accept Daming banknotes, they must at least use them when doing business with industries controlled by the court.

In addition, the overwhelming number of bank outlets directly open the exchange business, so that the merchants of Ming Dynasty can easily exchange gold and silver with precious banknotes, which is equivalent to adding an invisible guarantee to the precious banknotes.

With a multi-pronged approach, the value of the treasure banknotes was immediately reflected.

Of course, if you want to carry out currency reform, it is definitely not possible for the Ming court to endorse the banknotes, let alone for the businessmen of the Ming Dynasty to accept the banknotes.

The Ming court's endorsement of the treasure banknotes only guaranteed the value of the Daming banknotes, and the merchants of the Ming Dynasty accepted the treasure banknotes, which could only speed up the circulation of the treasure banknotes in Daming.

However, currency reform is not just a matter of Ming's family - England, France, Silly Eagle and many other countries have trade relations with Ming, which involves exchange rate and international settlement issues.

For example, if you analyze the exchange rate between soft sister coins and green coins purely from the balance of trade, then naturally the more exports, the lower the exchange rate, the better, and the more imports, the higher the exchange rate, the better.

However, this method of analysis is not applicable to Daming.

(End of this chapter)