RMB?
Zhu Yunxuan was stunned for a moment.
What a name!
It will be the world's first currency in the future.
oh.
wrong.
It should be the only currency in the world!
Ming Dynasty was hundreds of years ahead of the world and was the first to achieve industrialization.
Where in the world is there room for other currencies to survive?
If you collect seigniorage in the future, you will get hand cramps.
It’s beautiful to think about.
Zhu Yunzhen nodded with satisfaction.
“When everything is ready, let’s officially publish it in the newspaper!”
Prior to this, all matters announced by the imperial court were announced through bulletins.
Now, with the People's Daily, it is only natural to publish the announcement in the newspaper.
Compared with publishing on a list, publishing in a newspaper can see more people, and the news spreads faster.
Of course, the list-making continues.
After all, it is a habit that has been practiced for many years and cannot be abandoned suddenly.
There are always some people who are still used to looking at the rankings, and we have to wait for them to adapt slowly.
It's just that the status of Zhang Bang is not that important anymore!
"Big news. The imperial court is carrying out currency reforms, issuing new banknotes, and recycling Ming Dynasty treasure banknotes. The new banknotes can be exchanged for silver!"
"Big news..."
…
Following the newspaper seller's shouts, the news of the issuance of new banknotes soon spread throughout Jinling and then to the whole country.
The first thing that boiled over was the officialdom.
The salary that Lao Zhu set for officials was not too low.
At least it provides them with basic food, clothing and housing, so there is no big problem.
Just never get a salary increase.
And they are often issued in treasure notes.
But too many banknotes are printed, and their paper value is far different from their actual face value.
It turns out that your salary of one hundred taels of silver gave you a treasure banknote with a face value of one hundred taels of silver, but in fact it is only worth a few dozen taels of silver. Who can bear this?
Later, when the currency completely collapses, it will be a pile of waste paper.
Corrupt officials or officials with strong family backgrounds are fine.
If your family is poor and you are an upright official, your life will be really difficult.
The price for replacing old banknotes with new banknotes is set at 1:4.
However, the salaries paid to officials are entirely based on the face value of the new banknotes.
Compared with the previous issuance of treasure notes, it is equivalent to an increase in their actual salary by four times.
It doesn't matter if officials don't live on their salaries.
The poor and honest officials who are eager to live on their salaries are really happy.
The most important thing is that the new banknotes can be exchanged for silver for a 5% handling fee.
Many officials are worried.
As soon as he received his salary in new banknotes, he quickly ran to the People's Bank of China to exchange it all for silver.
Children and old people are not deceived.
It’s really redeemable!
Many officials shed tears of joy.
It’s not easy to be an official for Lao Zhu’s family!
If you can receive a full salary, it’s like the sun is rising in the west!
The reaction of the people was even more exaggerated.
A pile of Ming Dynasty treasure notes are rotten in the hands and difficult to use.
You can only watch it continue to depreciate.
Now Taisun takes the initiative and carries out currency reform so that everything can be exchanged for new banknotes.
This has never happened before!
In the past, the imperial court had always been responsible for issuing and not recycling.
People rushed into the People's Bank of China to exchange money.
After all, once the redemption period has passed, you can’t exchange it.
After getting the new banknotes, many people were also worried and exchanged them for silver.
In this regard, the People's Bank of China will always honor the payment.
besides.
Zhu Yunxu also ordered that official grain prices should not be increased, but only RMB would be accepted, not silver.
A large amount of currency suddenly appeared in the market. Normally, food prices would rise.
Even if the court forces price stabilization, it will be difficult to stabilize it.
But this year's situation is a little different.
Sweet potatoes have been successfully planted and will be promoted on a large scale next year.
The common people got the news from newspapers, and many people also received sweet potato seeds distributed by the court.
The officials of the imperial court witnessed it with their own eyes.
What a great yield sweet potato is!
Since ancient times, those who spend a lot of money to buy food and hoard it are the rich and powerful families.
How can ordinary people have that ability?
There is neither enough money nor a granary large enough to store grain.
Only big and wealthy households can.
But they already know that sweet potato planting is about to be promoted. Wouldn't it be foolish to stockpile grain at this time?
The sources of news for wealthy households are not just newspapers like People's Daily.
In order to confirm the authenticity, they also showed their special abilities and inquired from the court officials.
All the court officials were there that day to dig sweet potatoes.
Of course it is easy to verify the authenticity.
After knowing that sweet potatoes are really high-yielding, no big and wealthy households go to farm grain.
On the contrary, they also wanted to sell most of the grain they had collected in the past.
After all, it is easy for them to judge that if sweet potatoes are really high-yielding, even if they cannot replace the staple food, they will only serve as a supplement, which will reduce the demand for the staple food and drop food prices.
If you don’t sell it now, when will you wait?
However, Zhu Yunxuan ordered that the imperial court's granaries in various places should still be purchased at the original price and not take the opportunity to lower prices.
The price of rice hurts the people, and the price of grain hurts the farmers.
The most important thing for food prices is stability.
Neither too expensive nor too cheap.
This can only be regulated by the state.
During harvest times, excess grain is purchased and stored.
In times of disaster, food will be released.
Now that cement has been invented, it can be used for the construction of cellars and granaries.
The RMB can be freely exchanged for silver and can also be used to purchase food.
In this way, there is a double guarantee.
But problems also emerged at the same time.
Many rich and wealthy households took advantage of this opportunity to sell large quantities of their grain reserves. Anyway, the court guaranteed the purchase price, so they would make a sure profit without losing money.
After exchanging RMB, he went to the People's Bank of China to exchange it for silver.
To this.
Zhu Yunzhen's reaction was to accept it.
Collect them all!
He has enough confidence.
The reserve of 100 million taels of silver is definitely enough.
The credibility of the RMB must be established in one fell swoop.
What's more, if they trade back and forth like this, the People's Bank of China can still earn a lot of handling fees.
In addition, the national grain storage can also be greatly enriched.
Just what he wanted.
Therefore, if those big and wealthy households dare to sell, he dares to take it!
At the same time, People's Daily also worked hard to publicize the benefits of "RMB".
How inconvenient is silver, how difficult it is to cut, difficult to tell whether it is genuine or not, and difficult to carry...
The newspapers made up stories after stories.
For example, when a businessman was using silver, he encountered a situation where the other party tampered with the scale due to the inconvenience of cutting it, resulting in huge losses.
There are also scammers who pour lead and tin into fake silver and mix it with real silver to deceive merchants and take away huge wealth.
There were also two businessmen, one of whom was carrying silver. They were encountered by robbers. After a search, all the silver was robbed.
The other person was not found because he was carrying RMB, which was hidden in his clothes and was not as heavy as silver coins. He was lucky enough to escape.
…
All these and many stories are naturally based on circumstantial remarks, telling how silver is bad and how paper money is good from various angles.
Don't underestimate the power of this kind of propaganda.
Even in later societies, people have developed strong resistance because of too much propaganda.
Still hard to believe.
What's more, in this era, the people of the Ming Dynasty are more simple.
Plus, banknotes are really convenient to use.
Soon, the silver and copper coins circulating in the Jinling market were greatly reduced, and banknotes took over the mainstream.
The same is true in Suzhou, Yangzhou and other cities with developed commodity trade.
"People's Daily" began to publicize that some people exchanged all their money for RMB.
Slowly, people started to follow suit.
Gradually more and more.
You will have to pay a handling fee of up to 5% for swapping in and out.
Let the People's Bank of China make a lot of money.
“RMB is better!”
"It's much more convenient than money!"
“Now I always use RMB to buy things.”
"Haha, me too!"
"Who uses silver and copper coins these days!"
…
Rigid payment of silver, guarantee of grain purchase, coupled with publicity and publicity efforts.
A three-pronged approach.
In just a few months, the RMB finally gained widespread recognition from society.
Wherever it goes, it is even more popular than silver.
The Ming court also firmly controlled the "minting power".
Finance is the top priority of the country.
Without money, nothing can be done.
We can't afford to support the army, we can't carry out construction... we can't even do anything to provide disaster relief.
Only by controlling the power of minting can the finances be basically guaranteed.
Currency is also the core of finance.
Whoever controls the currency issuance can control the entire world.
The end of the year is coming soon.
At this time, the Ming Dynasty's treasury was full and food was piling up like mountains.
To Zhu Yunzhen's surprise, the Japanese pirate who assassinated him seemed to have disappeared from the world, and there was no movement again.
But Zhu Yunwen, Chang Mao and others never made any move.
but.
He wasn't in a hurry either.
Ligers hunt deer and hunters hunt, both of which compete with patience.
They didn't move, and Zhu Yunzhen didn't move either. They concentrated on building the Ming Dynasty.
In a blink of an eye, the new year is approaching, and it’s time to see Lao Zhu again.
On the one hand, he had a premonition.
If the Japanese pirates want to attack Lao Zhu, the coming of the New Year will be the best opportunity.
on the other hand.
Taking advantage of the Chinese New Year, I went to see Lao Zhu without being suspicious.
At the end of the year, it is natural for the younger generation to greet their elders.
Again.
Now that he has money, an army, and publicity tools, Zhu Yunxun is becoming more and more confident.
He is going to initiate an unprecedented revolution!
(End of chapter)
