nanming man

Chapter 641
In the city of Xi'an, the Governor's Yamen of Shaanxi has now become the office of the Western Wei Dynasty's cabinet.

Gao Yihuan and his party returned to the cabinet. The yamen was full of officials coming and going, which seemed crowded and busy.

Xi'an suddenly became the capital of the Western Wei Kingdom. Within a few months, the central yamen moved into the city, and they could only squeeze together.

Although the current conditions are very difficult, Gao Yihuan feels that it is necessary to move the capital this time.

Xi'an is suitable for building a capital. At the same time, the territory of southern Henan and Huguang has been stabilized. Putting the capital in Xi'an will help him quickly stabilize Guanzhong.

At this time, a group of people entered the Yamen and walked to the meeting hall. Lu Yifang explained the banknotes on the way, "Your Majesty, there are precious banknotes and salt guides. The issuance of banknotes has not been smooth from the beginning. Fan The government promised that it can be exchanged, and at the same time, merchants can also pay taxes with silver notes. Some merchants reluctantly accept it because of their affection, but it has always been only circulated between merchants and the feudal government. Originally, this batch of silver notes has always maintained a one-to-one ratio. The exchange rate. Recently, because of the war, there is no bank exchange in Xi’an, and once it fell, they did not collect it.”

Gao Yihuan remembers that during the Meiji Restoration in Japan, it took only three years to abolish the tael and change the yuan. One tael of silver was magnified [-] times by the Bank of Japan, and the leverage was increased by [-] times, which enabled the Japanese economy to take off and solved the needs of industrialization. At the same time, it blocked the aggression of foreign banks on Japanese finance.

Of course, the increase in leverage also caused the depreciation of the yen and domestic inflation, but Japan finally maintained the exchange rate between the yen and silver through repurchases.

It is difficult for the Western Wei Dynasty to surpass Nanjing economically, so it is very important to establish a modern financial system and unify the currency.

Of course, Gao Yihuan now understands that the key to currency lies in credit, and credit can increase leverage, play financial games, and stimulate the economy.

Now Gao Yihuan didn't expect to finish this matter in a few years, but he had to hold on to the results he had already obtained.

He wanted to make good banknotes so much. In addition to making business more convenient with banknotes, he mainly wanted to use banknotes to increase leverage to solve the financial difficulties of the Western Wei Dynasty. He also valued the ability of the modern financial system to stimulate and regulate the economy.

"Let the Ministry of Households set up a Zhengqianzhuang in Xi'an to recycle banknotes. Recycle as much as there are, let the people and businessmen exchange banknotes for silver, until they are soft-handed, and they believe that the feudal government will do it at any time. It can be exchanged, as long as they don't change it, the banknotes will be stable!" Gao Yihuan frowned, and said as he walked: "Now the stall is only 50 taels, and it is relatively easy to clean up. The household department must stabilize the banknote holders. Confidence. If we want to issue paper money, we must remember that confidence is more precious than gold."

Lu Yifang said: "I understand! It's just that the banknotes are taken back, wouldn't the previous efforts be in vain?"

Gao Yihuan stopped and said with a smile, "How can it be wasted? When the value of banknotes stabilizes, the Ministry of Households will continue to issue more money!"

As the banknotes depreciate, Zhengqianzhuang is responsible for repurchasing them to stabilize the currency value. Once the currency value stabilizes, it will continue to issue additional coins, and then repurchase them. With a little bit of implementation, and quietly adding leverage, it will be able to ease the financial pressure of the Western Wei Dynasty.

Gao Yihuan also ordered: "This Wang Jingzheng Qiangzhuang, the household department must run well, and the location is located in the most prosperous Dongshi. Don't care about the regulations. It must be big enough, stylish enough, and it doesn't seem to be short of money."

Lu Yifang nodded, expressing that he could understand what Gao Yihuan meant.

If this matter can be done well, it will indeed solve Wei's financial shortcomings and allow paper money to contribute to the hegemony of the world.

As long as the people's confidence in bank notes is established, Wei Guo needs 200 million taels of silver to fight this year, and the household department only has 100 million taels of silver in deposits. The household department will put 100 million taels into Zhengqinzhuang, double the leverage, and issue 200 million taels The banknotes are used to maintain the war. After the war, new land will be occupied and the finances will improve, and then the repayment will be carried out, and the over-issued banknotes will be recovered, which will solve the financial problems of the Wei State.

For another example, if the imperial court wants to open mines, or merchants want to set up cotton cloth workshops, they need capital investment. Banks don’t have so much cash, so they can also increase leverage and put more banknotes so that mines and workshops can be run. The money can be returned to the bank.

This is to use monetary policy to stimulate the economy. Of course, this leverage cannot be increased casually, nor can it be increased all the time. We must consider the market’s capacity and economic cycle, and tighten the currency according to market conditions, remove leverage, and ensure smooth operation.

If it is done well, the country's development can be accelerated. If it is not done well, the market will not be able to bear it, and the paper money will flood the golden mountain and collapse like a golden round coupon.

There are only 50 taels of silver bills in the market now. Gao Yihuan believes that repurchasing up to 20 taels will stabilize the value of the silver bills.

But it is not that simple to build confidence and let the market fully accept it.

Bank notes have been in circulation for nearly three years. The reason why there is no large-scale circulation is mainly because the problem of who will supervise the increase of leverage has not been resolved.

Big businessmen and wealthy households, I don’t know how much leverage you will increase and whether you will carry out repurchases. If you keep issuing more, no matter how nice it sounds, it is just another treasure.

After so long, Gao Yihuan already had an idea, which is to separate the bank from the Ministry of Households, recruit nobles, merchants, and gentry to become shareholders, and prepare special legislation at the same time.

The leverage is handed over to the bank, and the feudal government needs money, which is solved through the issue of bonds by the bank.

This is a huge job, and it will not be completed in a short while. Gao Yihuan plans to deal with the affairs of the bank after the big wedding. economy.

With that said, a group of people had arrived at the meeting hall and began to discuss the issue of the imperial examination.

At this time, everyone was sitting in the meeting hall, and Gao Yihuan asked: "For the scholars who come to take the imperial examination this time, how many are my scholars from the Western Wei Dynasty, and how many people come from the Jiangnan and Manchu side?"

Li Yan said: "In this imperial examination, scholars from the Western Wei Dynasty accounted for [-]%, scholars from Jiangnan accounted for [-]%, and scholars from the Qing Dynasty accounted for less than [-]%."

Speaking of which, Li Yan continued: "The problem now is that although there are only [-]% of the scholars in the south of the Yangtze River, their level is much higher than that of our scholars in the Western Wei Dynasty. I am worried that the [-]% will occupy half of the list. Shan, our scholars in the Western Wei Dynasty will definitely have grievances and want to raise criticisms. The imperial examination is the fairest system for selecting officials in the world. If we in the Western Wei Dynasty cannot be fair and just, it will chill the hearts of scholars all over the world."

Gao Yihuan frowned. Judging from his experience, Jiangnan's literary style is at its peak, not to mention half, it is possible to exceed half. I am afraid that even if there is a palace test to adjust the rankings, it will still cause criticism.

Gao Yihuan pondered for a while, "The imperial examination must be fair, otherwise it will affect the reputation of the lonely king and the vassal. How about this, this time, in addition to using the palace examination to adjust, the Imperial College will select the top 50 from the Western Wei scholars who failed the ranking, Then, taking advantage of the opportunity of the lonely king's wedding, they will be given Jinshi treatment. What do you think?"

Li Yan nodded, "This method is feasible!"

Gao Yihuan said: "The cabinet will discuss it, and let's implement it like this!"

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(End of this chapter)