The Emperor of Red Mansions: Many Children, Many Blessings, Opening Draft

Li Chenghan's words made the civil and military officials feel that they made sense.

If the currency is unified like this, it will indeed be much more convenient for the people.

First of all, the new currency has both decimal and whole conversions that perfectly solve the difficulties of the people in using silver taels for transactions.

For example, a person went to eat, he spent one or three coins, and then gave the store two taels of silver.

But he didn't want copper coins, because there were too many copper coins and they were too heavy to carry.

So the store had to bear the weight on the spot and cut off part of the silver for change.

Similarly, when using silver bills for change, the store also had to take the broken silver to people to bear the weight for change.

In this way, if Da Wu used the new currency, there would be no such trouble at all.

Therefore, the promotion of the new currency is beneficial to the country and the people, and it is also easy to be accepted by people.

In this way, coupled with the current credibility of the court, the people are also happy to accept it.

In this way, after the new currency is linked to taxation, it is not only easier for the court to promote the new currency, but also reduces unnecessary losses from fire consumption.

Also, the most important point is that no matter what happens in the future, the currency will not depreciate even if it is exchanged between devalued currencies with taxation as the bottom line. How can the people and merchants not be happy to see the issuance of the new currency?

And how can the new currency not benefit the country and the people?

Moreover, the new currency of the Great Wu is universal in all countries, which can be regarded as demonstrating the prestige of the Great Wu, and making the prestige of the Great Wu radiate to all countries again.

However, what puzzles all officials is why the maximum amount of the new currency is only 20 taels of silver?

You should know that the silver notes of thousands and tens of thousands of taels circulating in the world are also very common.

And the issuance of 20 taels of silver notes for the new currency is a bit too petty.

It is precisely because of this doubt that Lin Ruhai, the Minister of Revenue, couldn't help asking Li Chenghan.

"The new currency with a face value of twenty taels of silver is enough for circulation among the people.

The court must also have a certain amount of new currency issued. At the very least, it must ensure that the court's gold and silver deposits can guarantee the amount of excess new currency issued."

"Because if the new currency is issued in excess of the court's gold and silver deposits, if there is a problem with the new currency, the people of the world will have to exchange the new currency for gold and silver to recover their losses.

The court will not be able to afford the people's exchange, which will lead to the complete collapse of the credibility of the new currency.

The collapse of the credibility of the new currency will represent the great collapse of the economy of our Great Wu.

The court will then The loss, and even the loss of the people of the world, will be immeasurable. ”

“Therefore, if the face value of the new currency issued by the court is too large, it will not be conducive to the circulation of the new currency among the people.”

“On the contrary, if merchants need to make large transactions, they can also deposit the new currency into one of the two major banks and exchange it for checks from the two major banks.

No matter which branch of the two major banks the check is exchanged at, the check holder can finally exchange the new currency at any branch of the two major banks across the country, or even in any country.

During this period, the two major banks will not charge a penny. ”

Li Chenghan waved his hand and said to Lin RuHai, the Minister of Revenue, began to explain.

The court did not have enough gold and silver as reserves to issue such a large-denomination currency.

The result would be that the new currency would be too large and the reserves would cause a sharp depreciation of the new currency, which would gradually make the people lose trust in the new currency.

Or there would be too many large-denomination denominations, and the small-denomination denominations could not meet the circulation of the people.

It was not conducive to the daily spending and transactions of the people.

So the denomination of twenty taels was enough to cope with the circulation of the new currency in Dawu and even in other countries.

At the same time, it could also curb the desire of some people to forge coins to a certain extent.

To put it bluntly, the larger the denomination of the coin, the more people would want to try to forge it even if you did a good job of anti-counterfeiting.

After all, if you really make one, you will have no worries about food and drink for the rest of your life.

So compared to large-denomination coins, checks are the best substitute.

Listening to Li Chenghan's explanation, Lin Ruhai and many ministers also understood.

"Your Majesty, are the two major banks only responsible for issuing new currency, exchanging checks and exchanging new currency?"

Lin Ruhai understood, but still frowned and asked Li Chenghan in confusion.

"Of course not, the two major banks are responsible for issuing new currency by the Imperial Bank!

The Ministry of Revenue and the Royal Bank are responsible for supervision."

"Secondly, in addition to exchanging checks.

The two major banks must seal up a large amount of gold as reserves to deal with various risks.

And the two major banks must also expand their deposit business! (To read the exciting novels, go to Feilu Novel Network!)

All deposits in the bank will be given interest to the depositor in the same way as national debt.

But the interest is definitely not as high as national debt. . "

"Of course, if you deposit more, the longer the deposit period, the more interest you will get!

If you deposit less, the shorter the deposit period, the lower the interest will be.

However, if you need money urgently during the period, even if you are one day short of the term, you will be given the lowest interest.

If you don't deposit according to the fixed period, you will be given the lowest interest. A deposit of one day is also a deposit, but a deposit of half a day will not have any interest. "

The two major banks are opened in various parts of Dawu. It is impossible for all countries to have only check business.

Otherwise, he would be stupid to open so many branches in various places.

But Li Chenghan's words shocked all the civil and military officials present.

"Your Majesty, you must not do this!"

"The government has not paid off the national debt yet. If we open deposits to give people interest.

I am afraid that no matter how much tax the government imposes, it will not be able to bear it!"

Lin Ruhai was almost scared to death by Li Chenghan's words.

Well, the national debt has not been paid off yet, and there is another thing of saving money to give people interest.

With the precedent of national debt, people will be crazy to deposit money in the two major banks, right? []

"Saving money is only part of it! In addition to saving money, the two major banks can alsoBorrowing (loan).

There are two types of borrowing. The first is to mortgage valuables, or real estate, etc. to the two major banks, just like pawning at a pawnshop.

During the period of mortgaging real estate and land, the two major banks only collect the house deed and land deed, and the house and the mortgaged land use rights still belong to the borrower.

Afterwards, the borrower only needs to give the two major banks a part of the interest, and the bank can return the mortgage.

If the debt is not repaid afterwards, the two major banks have the right to confiscate the mortgage and make it theirs. ”

“Second, the borrower has a good reputation and has not done anything illegal or evaded taxes.

Then the borrower finds a person who is like him but has considerable assets to guarantee, and the two major banks can lend money to the borrower.

However, the loan amount shall not exceed the assets owned by the borrower and the guarantor.

At the same time, it is not allowed to borrow again in the same way before the debt is paid off.

This loan does not require any collateral, but if the debt cannot be repaid, the two banks can report it to the East Factory and local government to force the debtor to repay.

Forced repayment means confiscating the family property and forcibly recovering the principal and interest.

If.