Back to Ming Dynasty with Industrial Revolution System

Chapter 981 Issuance of Silver Dollars and Copper Dollars (Part [-])

Da Yuer saw that Xiao Xiuer and Chu Yun talked speculatively when they talked about the smallpox vaccine, so she couldn't help reporting to Chu Yun the progress of the first batch of silver dollars that she supervised: "My lord, the first batch of silver dollars at the mint The production of 100 million yuan of silver dollars has been completed, and 1000 million yuan of copper dollars is also in the warehouse, and the service of exchanging silver ingots, broken silver, and copper coins can be provided to the people at any time. At the same time, Kyushu Bank is preparing to issue bank notes linked to silver dollars, which will be used as a basis for future banknotes Prepare."

"One million yuan of silver dollars is equivalent to consuming more than two tons of silver, and it is also the silver taels advanced by the Bank of Kyushu." Chu Yun used the deposits absorbed by the Bank of Kyushu to cast the first batch of silver and copper dollars.

These silver and copper dollars will flow into the market and be exchanged for various currencies such as silver ingots, broken silver, and copper coins in the hands of the people.The recovered silver ingots, broken silver, and copper coins will be melted and recast to produce exquisite silver and copper coins, which will become more standardized currencies.There will be no such thing as broken silver in the future, because the price of each specification of silver dollar and copper dollar is clearly stipulated, and through different combinations, it can completely deal with various amounts.

As for huge payments, silver dollars may not be able to cope, but there are bank notes and checks issued by Kyushu Bank.Large payments will be recorded by the bank to prevent tax evasion and economic crimes.

"So we need to put this batch of silver and copper coins into circulation as soon as possible, and then use the collected silver and copper coins as raw materials to produce the second batch of silver and copper coins. This cycle will be able to replace all the silver and copper coins circulating in the folk with Silver dollars and copper dollars." Da Yuer said.

"After the acceptance is correct, the public will start to exchange silver dollars and copper dollars next month. The exchange ratio is strictly in accordance with the silver content and copper content. Don't give merchants any chance of arbitrage." Chu Yun said that silver dollars and copper dollars will replace all kinds of currencies. I don't think there is any suspense, but I am more worried about the exchange ratio.

If the absolute value of the new currency is higher than the old currency, the government will face huge losses if all the silver and copper coins owned by the people are exchanged.On the contrary, if the absolute value of the new currency is lower than that of the old currency, it is impossible for the people to exchange the old currency for the new currency.

"There is another question. If people go to Kyushu Bank to withdraw money, should they be forced to issue silver and copper dollars?" Da Yuer asked.

"Mandatory use." Chu Yun couldn't deny it.

"I hope that silver dollars and copper dollars will be used in the future. Don't take a bite out of the silver dollars to see if they are real silver. This is really unhygienic..." Ella said.

After being told by Aila, Chu Yun was also very helpless. Ordinary people seldom use silver taels. Some people use scales to measure the value of a piece of silver ingot or broken silver, and some people even take a bite to see if the silver is real ...

This kind of silver is often full of pits and holes, which makes Chu Yunlai's cleanliness unbearable.

"It is necessary to expressly prohibit the act of destroying silver dollars such as biting silver dollars and cutting silver dollars into pieces with iron scissors. Those who destroy silver or copper dollars are deemed illegal." After Chu Yun was reminded, he realized that it was necessary to issue corresponding laws Modify people's behavior.

Whether it is biting the silver dollar or cutting it into pieces of silver, it will cause loss to the silver dollar. It is estimated that it will be recycled and recast in a few years.

"The folks distinguish the authenticity of silver coins because they are worried that someone will use other metals to counterfeit silver coins. When we issue silver and copper coins, we need to pay attention to whether someone will counterfeit silver coins and copper coins, and severely punish those who do so. Stabilize the position of our silver and copper dollars in the market." Da Yuer added.

Crack down on counterfeit money?Why does Chu Yun feel so similar? Many behaviors in modern society existed in ancient times, but the form has changed.

"Silver and copper dollars are very likely to be imitated within a few months or even a few years after they are first issued, because the production of silver and copper dollars is not the traditional pouring method, but produced by machines, and the regularity of the texture pattern makes it difficult Imagination is that ordinary people cannot imitate it by hand in a short period of time. When counterfeit currency is discovered in circulation later, a special organization can be established to crack down on counterfeit currency.” Chu Yun said.

He found that just minting new coins requires consideration of many aspects, including the behavior of the people, the possibility of being counterfeited, and the arbitrage of merchants.

Princess Sophia was dumbfounded listening to this. Whether it was educational system reform, vaccine production, or minting new coins, the topics involved were all about tens of millions or hundreds of millions of people. This is really a matter between a man and a few women. Is it a normal topic to talk about?

Moreover, these people only partially participated in some of Chu Yun's projects. What are the senior officials who really built this great Eastern Empire with Chu Yun usually discussing with him?
Thinking of this, Princess Sophia was terrified. It seemed that the issues discussed in the eastern countries were completely different from those in the west.

Although the Reformation and the Enlightenment started in Europe at this time, the Enlightenment was still in its infancy, and the light of reason had not completely dispelled the dark fog of the Middle Ages, and the discussion was more about theology.What the East is discussing is how to provide people with various levels of education more efficiently, produce medicines to overcome terrible diseases, and create a more stable and orderly financial order.

"The things you study really involve all kinds of things, like inexhaustible finances, while my brother is busy meddling in Scottish affairs and is very short of money. If my brother and you switch places, maybe he It's not so troublesome." Princess Sophia compared Chu Yun's situation with that of Charles I, and always felt that Chu Yun's side was extremely rich, and had a lot of manpower, material and financial resources to invest in a project that was always huge.

And Charles I had to borrow 4 pounds to build a new sailing battleship for the Royal Navy.

"After all, the national conditions are different..." Chu Yun said.

He has some understanding of the current situation of Charles I. The British royal family had a lot of debts before Charles I came to the throne. In addition, Charles I went to war with Spain and Scotland, and the huge expenses and military expenses for maintaining the royal family were not enough every year.It was precisely because of the ability of the parliament to raise funds that Charles I had to reconvene the parliament later, giving the parliament a chance to fight for power, and finally led to his execution.

On Chu Yun's side, because of the large size of the country, it is possible to concentrate on major tasks, and the use of steam engines improves production efficiency, so it does not require huge expenses as Princess Sofia imagined.

For example, there are special minting machines for minting new coins. The place that needs to be invested is to control the entire process of coin minting and currency circulation, so it seems more cumbersome.And what Huaxia, with its large population, lacks most is human resources.

　There are three more tomorrow morning

　　
　
(End of this chapter)