Ming Zuo

Chapter 1272 Newspapers
The banknote design plan was unanimously approved by the cabinet and the Legislative Council.

Zuo Menggeng personally named the banknotes as Xia Yuan.

According to actual needs, Xia yuan is divided into three categories: yuan, jiao and fen.The maximum face value is one hundred yuan, and the minimum face value is one cent.

Originally, according to Zuo Menggeng's meaning, there is no "point" for the first-level currency value.

It's just out of his perception.

After all, in daily life, it seems that when buying goods, few things are worth a few cents.

But Chen Zhi told Zuo Menggeng about his negligence,

"The face value of a few cents may seem insignificant, but in the banking industry, whether it is a deposit rate or a loan rate, even if the difference is only one cent, the amount involved will be a huge gap. With this level The currency value exists, and the banking industry and commodity pricing can be operated better.”

Zuo Menggeng suddenly realized that he had almost made a big mistake.

Even in later generations where the currency keeps depreciating, there is always the concept of low-level currency value in the field of bank interest rates and futures trading.Even the score is even smaller, so that it is calculated in centimeters.

Although this currency unit has little use in everyday life, it is extremely important in the financial field.

And for today's Xia Kingdom, in the daily use of currency, low-level currency values ​​are actually unavoidable.

After all, no matter how the economy of Xia Kingdom develops, the overall level is still relatively primitive.In many places, prices are very low, and commodity transactions are not very active.

Strictly speaking, the face value of one hundred yuan banknotes is actually a bit out of line.

Judging from the exchange rate between Xia yuan and gold, more than 80.00% of the families in Xia Kingdom have an average annual income of less than 30 yuan.

If one hundred yuan is used to buy food, it will be enough to feed a family of three for ten years.

But Zuo Menggeng still stubbornly insisted on the implementation of the hundred-yuan note.

Although ordinary people don't use it much in their daily life, it is beneficial to Xia's foreign trade.

Moreover, as the economy continues to develop, with the continuous growth of gold reserves, Xia Yuan will definitely experience a process of continuous depreciation.In the future, hundred-dollar bills won't seem so rare.

After the issuance of banknotes was confirmed, it was announced to the whole society through "Xia Guo Daily".

At the same time, various banks began to prepare for establishment.

As for the government of Xia State, in addition to the central bank that governs the overall financial sector, it has also invested in the establishment of several state-owned banks such as the National Bank, Industrial and Commercial Bank of China, and China Construction Bank.

This is what Zuo Menggeng requested.

The ratio of state-owned financial institutions must occupy the vast majority and dominate the entire financial industry system.

In other words, private capital and foreign capital must never be allowed to dominate the financial industry.

The news of the establishment of the bank caused great repercussions among the people of Xia Kingdom.

Private capital from all over the country has been mobilized to inquire and inquire everywhere, with the intention of dabbling.

For this phenomenon, Zuo Menggeng gave instructions: strictly control the admission qualifications of private capital, determine a strict and loophole-free regulatory system, impose certain restrictions on the business scope of private banks, and deposit and lending rates must accept the central government's policy. Bank regulation and many other terms.

"In the past, Emperor Hongwu also used the old practice of the Yuan Dynasty to promote paper money. But it didn't take long for the paper money to become useless waste paper. Now that the government is re-introducing the paper money plan, what if the people don't accept it? "

In the depths of Mount Tai, there are shades of green trees, which block the scorching sun.

Under the dense forest, the creek rushes and flows, washing away the scorching heat in this world and adding a bit of coolness.

A group of people sat on the open space in the forest, drinking tea and chatting, having a great time.

Today is a rare vacation time, Zuo Menggeng and Xu Ruolin invited many people out for an outing, which can be regarded as a relief from the busy government affairs.

Of course, all the people here are high-level national officials.Even small talk is inseparable from state affairs.

Liu Zongzhou mentioned the banknotes that have received the most attention recently.

Paper money is by no means a novelty in Chinese history.

Since Jiaozi in the Northern Song Dynasty, banknotes have attracted people's attention and widely exist in economic life.

When later generations summed up the history, they praised the Northern Song Dynasty when banknotes appeared.

But in fact, it was the Yuan Dynasty that really enabled the large-scale circulation of banknotes across the country and occupied the status of legal tender.

The banknotes issued by the Yuan Dynasty not only gained wide recognition in China, but even greatly affected the surrounding areas.Until the early years of the Ming Dynasty, the banknotes issued by the Yuan Dynasty were still in circulation in many areas.

As the founder of the Ming Dynasty, Zhu Yuanzhang naturally saw the power of paper money, so he also ordered the center of the Ming Dynasty to make paper money.

But it is a pity that Zhu Yuanzhang was born as an out-and-out peasant, and he didn't understand economic operation at all.The banknotes he promoted turned into waste paper not long after.

From then on, Daming talked about the color change in front of the banknotes.Until the demise of the Ming Dynasty, paper money did not regain its vitality.

Now Xia Guo is promoting banknotes again, which worries many people who know history.

"Teacher, don't worry, our banknotes have sufficient gold as a reserve. This is the greatest confidence and the guarantee of the value of the banknotes. As long as the value of the banknotes can be relatively stable, people are of course more willing to accept them. After all, compared to metal currency , Banknotes are more convenient to use and carry.”

Liu Zongzhou is not an economist, so he couldn't figure out the reason for it for a moment.But seeing that Zuo Menggeng, Hou Xun and others were all full of confidence, they felt relieved.

Since Xia Guo was founded, the national strength has been booming, which is enough to prove that these people's ability to govern the country is trustworthy.

Compared with banknotes, there is another thing that Liu Zongzhou likes more.

He took Xia Guo Daily and handed it to Zuo Menggeng.

"How about Zhang Ximing's article?"

With the vigorous development of the printing industry, the emergence of newspapers is a matter of course.

Zuo Menggeng has full insight into the power of the media and public opinion, so he promoted the world's first commercial newspaper led by the government and open to the whole society.

That is Xia Guo Daily.

This newspaper can be described as all-inclusive, a collection of all kinds of information.

It can serve as an official mouthpiece, releasing various official decrees and policy guidance in a timely manner, facilitating communication between top and bottom; it can also publish various academic articles for ideological debate and confrontation;

Up to now, Xia Guo Daily has even begun to have a special page to publish advertisements, realizing profits.

Once the Xia Guo Daily was launched, it was immediately welcomed by the whole people, and many people of insight realized its value.

They expressed their views one after another on it, promoted their academics, and achieved their goal of becoming famous.

And the biggest highlight is undoubtedly the debate between Liu Zongzhou and Zhang Pu.

(End of this chapter)