Among the policies introduced, all were open-minded, but the control over Fujian merchants was very strict, which can almost be said to be an investigation of eight generations of ancestors.
Even so, you may not be able to obtain the qualifications to do business in Qiong.
Upon hearing this, some Fujian businessmen couldn't help but tactfully protest: Since they claim to treat everyone equally, why are they biased against me, the Fujian businessmen? Isn't this the so-called favoring one over the other?
Yu Hai came forward to explain: This move was a helpless move forced by the situation. Because it involves confidentiality, it is not convenient to explain it at the moment. I hope you will bear with me. However, this policy is only temporary and will be relaxed in about a year.
Alas, there is no other way.
In order to prevent the infiltration of Gao Ming and Yue Sixian's forces, we have to deal with it this way now. Maybe in less than a year, the good news of Wei Zeng's case will come to the capital. By then, it will not be too late to let go.
After the meeting ended, Qi Yu stood up and was about to leave. At a glance, he suddenly noticed a few dazzling 'yellow clouds' in the crowd. Upon closer inspection, they turned out to be several crowns of golden hair.
Hey, there are actually foreigners coming?
Could it be that they also smelled money and came here to explore business opportunities?
Want to make money?
no problem!
However, this matter will have to wait until later, especially in terms of goods, which must be decided by me, Mr. Qi.
As for what it is, haha, let’s keep it secret for now.
Back to business.
After the meeting, Qi Yu specially stayed with Tan Junyan and asked him to come to his home to discuss matters privately.
The latter was flattered and couldn't help thinking: This is just a small stove~~
Xiaozao?
This time it’s true!
Seeing the guests coming, Liu Quan immediately arranged a table of wine and food. Although it was not sumptuous, it was still delicious.
As far as etiquette is concerned, when men have a drink, the female relatives usually do not accompany them. Therefore, only Qi Yu and Tan Junyan enjoyed this table of small drinks.
As for the mother-in-law and daughter-in-law, they went to the side hall to eat.
As for the atmosphere in the hall, after three rounds of wine and five dishes, the atmosphere became lively.
"Brother Guangling, how have you been studying the "Basics of Banking Theory" that I asked you to study recently?"
"My lord, I have been studying it day and night, and I have read it over ten times."
"Then, how much do you understand?"
"About, more than half."
More than half?
Hearing this, Qi Yu couldn't help but feel happy, and said with a smile: "The knowledge in this book is quite abstract. If you can understand more than half of it, it is already considered very good."
Seeing the compliment, Tan Junyan quickly smiled humbly and said: "The writing style of this masterpiece of yourselves is easy to understand, and Yan is a distinguished scholar. If you can't read these vernacular texts, wouldn't you be unworthy of your fame? Of course." , the financial management experience over the years is also very important, providing me with a practical reference for learning this new knowledge."
"Well, theory is combined with practice. The two complement each other, which is very good." Qi Yu nodded in approval, and then suddenly changed his voice and asked, "Tell me, what is the specific mechanism of this currency issuance? "
"Sir, there are two ways to issue currency. The first is to issue gold reserves. The second is to issue money using credit. Among the two, gold reserves are the primary way, and credit is the primary way. It is an advanced stage and is essentially different." Tan Junyan answered without thinking.
"Well, the method of credit issuance is still too long-term. We will not discuss it for now. Please explain to me the specific principle of issuance of gold reserves. Why, don't recite it from the original text in the book. Directly use your own Just explain it with your understanding." Qi Yu continued to question.
Tan Junyan made a brief analysis and replied: "Issuing currency with gold reserves is the most solid and safest approach. The principle it pursues is that every banknote issued is backed by gold of equal value, and , the exchange rate between paper money and gold remains unchanged to prevent its purchasing power from rising and falling. This concept is called currency preservation."
Qi Yu smiled with satisfaction and asked, "Is there more?"
"Yes!" Tan Junyan thought briefly and then said: "In principle, if people don't want to hold banknotes, they can take them to the bank to exchange them, and then get gold or silver of equal value. In other words, New banknotes and traditional metal coins can be exchanged for equal value at any time..."
good!
very good!
After listening to the above answers, Qi Yu finally showed a happy smile.
Yes, the prototype of Qiongzhou's financial system is about to be established. Although it is still very primitive, it can be regarded as a big progress.
In this field, Qi Yu did not violate the natural laws of development. He insisted on issuing new coins in the form of gold reserves, and also made a promise that if anyone regrets holding banknotes, he can come to the bank at any time to exchange them for equal value.
Don't underestimate this item. If it is omitted, the people will feel that the government has defrauded them of their wealth with a piece of printed white paper. The result is that it triggers public resistance.
In addition, the implementation of banknotes requires a gradual process, and it is determined not to be one-size-fits-all, otherwise it will be counterproductive. Over time, ordinary people will naturally choose the holding form that they think is more convenient, without your having to persuade them.
If the new banknotes are implemented properly, the exchange rate problem between gold, silver and copper can be easily solved. Looking further into the long term, whether it is a silver or copper shortage, it will no longer affect the government's finances and the lives of ordinary people.
As for those profiteers who try to manipulate exchange rates, they can basically go to sleep.
The above are some of the benefits of promoting banknotes.
As for the disadvantages, theoretically there are some, but they are caused by humans.
How do you say this?
Suppose that you do not have enough gold reserves as support, but you do the opposite and print more banknotes. This is considered to be an indiscriminate issuance of currency, and the consequences can be said to be quite serious.
In addition to the inevitable inflation, there is also the possibility of bank failure.
This is not dangerous and sensational. If you encounter a wave of exchanges, you will be unable to survive. If that happens, it will trigger a panic-like 'run' effect, and then cause the bank to go bankrupt.
Therefore, although banknotes have many benefits, they cannot be printed indiscriminately, otherwise they will reap the consequences and fall into eternal disaster.
Let’s talk about the present first.
Qi Yu felt greatly relieved when he saw Tan Junyan hit the road so quickly.
In the excitement of drinking, he suddenly smiled and said: "In other provincial capitals in my Dafeng province, the three divisions are respected in the yamen. However, in the future of my Qiongzhou, the four divisions will rule together..."
"Four divisions? Why is there an extra division?" Tan Junyan was stunned and asked in confusion.
"That's right! In our provincial government in Qiongzhou, in addition to the three divisions in charge of administration, justice, and military affairs, there is also one division, which is the bank president in charge of finance. I wonder, does Brother Guangling intend to serve in this role?" Qi Yu curled his lips. With a hook, he asked with a smile.
this……
Tan Junyan was stunned when he heard this and didn't know how to answer for a moment.
