Recreating the prosperous Tang begins with summoning players

Chapter 667 Banknotes, settlement in May

When the crown prince entered Bianzhou, Li Chu looked at the bustling city of Bianzhou and felt a little surprised. He did not expect such a big city to exist in the Central Plains.

In the Tang Dynasty, Bianzhou was already very developed. As an economic transfer station in the Central Plains, Bianzhou had an extremely rich commercial civilization.

However, the people of Bianzhou are tough, and Bianzhou was quite chaotic in the middle and late Tang Dynasty. For the Tang Dynasty court in the late Tang Dynasty, the safety of Bianzhou was related to the safety of the Tang Dynasty court. fought several wars.

During the Anshi Rebellion this time, An Lushan once occupied Bianzhou.

After the Battle of Suiyang, Guo Ziyi led troops to recover Bianzhou.

Considering the important geographical location of Bianzhou and the importance of the water transport hub, the imperial court was also afraid that there would be another separatist force. After Zhang Wu led the Bianzhou New Army to defeat An Qingxu, the imperial court ordered the disbandment of the Bianzhou New Army.

Bianzhou did not set up a Jiedu envoy, and the governor of Bianzhou welcomed Li Chu enthusiastically with the officials.

Now Li Chu's status is the ambassador of the imperial court supervising water transportation. In Bianzhou, where there is no Jiedu envoy, Li Chu's status is naturally much higher than that of the governor of Bianzhou.

After Li Chu entered the city, he quickly gained control of Bianzhou. The governor of Bianzhou voluntarily gave up the governor's mansion for Li Chu to live in. Li Chu moved in after declining twice.

At the end of May, Li Chu entered Bianzhou. The first order he issued was to force the implementation of Qianyuan Chongbao in Bianzhou.

According to the regulations of the Ministry of Households, Li Chu established the Baoqian Department in Bianzhou, and compulsorily used Qianyuan Chongbao in Bianzhou in accordance with Chang'an's requirements, and stipulated that the exchange ratio was one to ten.

This move naturally made the whole city of Bianzhou scold.

Bianzhou is not a small rural place, and the businessmen in Bianzhou are quite well-informed.

Bianzhou businessmen already knew the news that the imperial court promoted the Qianyuan Chongbao in Chang'an, which led to the increase in grain prices.

The imperial court's Qianyuan Chongbao in Chang'an has now reduced the exchange ratio on the black market to one to six, which means that only six Kaiyuan Tongbao can be exchanged for one Qianyuan Chongbao.

You must know that the imperial court counted fire consumption and labor costs, plus the corruption within the Ministry of Industry's coin casting, and the imperial court also needed five Kaiyuan Tongbao to cast one Qianyuan heavy treasure.

But the people have no trust in Qianyuan Chongbao, and the imperial court has no way to deal with the rampant black market exchange.

Duzhilang Wuqi used many methods to maintain the currency value of Qianyuan Chongbao, but these efforts finally came to an end.

Now the imperial court can only force the use of Qianyuan heavy treasures in official settlements, such as the salaries issued to officials, the goods purchased by the imperial court, and the settlement of projects related to the imperial court.

Even the money rewarded to front-line soldiers, the imperial court dared not use Qianyuan to re-treasure.

The soldiers and civilians in Bianzhou did not expect that as soon as the prince arrived in Bianzhou, he would forcefully promote Qianyuan Chongbao.

However, Li Chu took out the regulations of the Ministry of Households and the imperial decree of the emperor, and forcibly implemented Qianyuan Chongbao in Bianzhou.

Li Tan, who was in Longyou, was watching Jiang Lun's currency reform report.

The newly minted silver and gold coins in Longyou were put into the market. The circulation of the silver coins was quite good, and the value of the currency quickly stabilized among the people in Longyou and foreign businessmen.

Merchants in Central Asia have a tradition of using silver coins since ancient times. Ancient Rome issued a lot of silver coins in the Republic and Empire periods. The Persian Empire also had a large stock of silver coins. Merchants in the Western Regions had a tradition of using silver coins for transactions. Therefore, the silver coins invested quickly circulated.

But the circulation of gold coins is mediocre, Jiang Lun also said with some distress:

"Your Highness, the gold coins minted by us in Longyou are so exquisite that even ordinary people will save the gold coins. The issued gold coins are almost completely deposited, and the value of the currency has not been fully utilized."

Currency is only valuable when it is in circulation. If the people keep gold coins in their families, then the gold coins will have no value at all.

This is what troubled Jiang Lun.

Ge Luolu's Jinshan produced a lot of gold. Jiang Lun made a pilot reform of gold coins in Ge Luolu, and the effect was quite good.

The Geluolu people quickly accepted the use of gold coins for trade settlement, and the value of gold coins stabilized.

But when the gold coins were extended to Longyou, something different happened.

The people of Longyou love the golden coins very much. After receiving the gold coins, they are reluctant to spend them, but keep them at home as family heirlooms or funeral objects. Longyou is like a black hole, swallowing a lot of gold coins.

Gold coins are popular, which is not good news. You must know that the issue of gold coins and silver coins was due to the shortage of money in Longyou.

The prosperous trade in Longyou requires a large amount of currency circulation, especially the increasingly large trade in the Western Regions, which has created a demand for large amounts of currency.

However, the issued gold coins cannot be circulated, making money expensive and goods cheap in Longyou. This will increase the production cost of the workshop and reduce the profit of the workshop. If there is a deflation situation, it will be a major blow to Longyou's economy .

Although Li Tan doesn't know much about economics, he also knows the consequences of deflation. He asked Jiang Lun:
"Is there any solution for the Salt and Iron Taxation Division?"

Jiang Lun thought for a while and said, "The solution of the Salt and Iron Tax Department is to issue vouchers."

"Voucher?"

Jiang Lun nodded heavily:
"Vouchers, gold round coupons, or gold coupons, no matter what they are called, are paper certificates issued with gold coins as guarantee."

banknotes!

Li Tan understood what Jiang Lun meant, but he didn't say the banknotes, but asked:

"Is there any difference between the voucher and the previous bank draft?"

In fact, money orders were often used among merchants in Longyou.

Originally, only player merchants would use money orders, but soon the native merchants also discovered the benefits of money orders and began to use money orders for transactions.

Now the Wangfu Bank has been opened in every state capital, and it is still extending to the counties. Money orders are already quite common in Longyou business.

Jiang Lun shook his head and said, "The bill of exchange is just a voucher for transactions, but the voucher is issued with gold coins as collateral. As long as the voucher can be circulated, the problem of money shortage in Longyou will be easily solved!"

The reason why Jiang Lun is so confident is because Cui Ruoyun synthesized a special anti-counterfeit ink in his laboratory a few days ago.

Longyou's papermaking technology has long been able to produce thick, water-resistant white paper.

Jiang Lun took out a banknote for trial printing, handed it to Li Tan and said:
"With the current reputation of the Dudu Mansion in Longyou, as long as the banknotes can be exchanged for equivalent gold coins at the Wangfu Bank, the banknotes can be circulated."

Li Tan asked suspiciously: "Since this is the case, won't the common people convert banknotes into gold coins and store them?"

Jiang Lun smiled slightly and said, "Of course, but it doesn't matter, because we stipulate that one hundred banknotes can be exchanged for one gold coin. If ordinary people want gold coins, they need to save up one hundred banknotes."

"Of course someone will exchange gold coins at the beginning, but more small notes will circulate unknowingly."

That's the case, Li Tan nodded, it turns out that the issuance of banknotes is such a complicated matter, and it is not just printed banknotes that can be used.

However, in the Longyou market today, paper certificates such as money orders, stock certificates, and bonds have appeared. These can be regarded as secondary currencies and circulated among big businessmen, and ordinary people also know about these things through newspapers.

The obstacles to the issuance of banknotes have been much smaller, coupled with the players' advanced anti-counterfeiting and banknote printing technology, it is now difficult for the banknotes issued by the Longyou Governor's Mansion to be counterfeited and imitated by the people.

All in all, now is the best time to issue banknotes.

After understanding this point, Li Tan immediately agreed to Jiang Lun's suggestion to stop issuing gold coins directly, but to issue banknotes in Longyou and Hexi regions with gold coins as collateral.

From May to June, the weather in Longyou gradually became hotter.

Li Tan also got the May settlement report.

"The settlement report has been generated, please check the host:"

[The title of the King of Yue: 400 points per month]

[Captain Longyou: 300 points per month]

[Northwest Defense Ambassador: 300 points per month]

[Control Guazhou, Shazhou, Xizhou, Suzhou, Ganzhou, Liangzhou, Beiting Duhufu, Lingzhou, Liaodong, Qingzhou, Pengcheng, Zhuozhou, Lanzhou: 3600 points per month]

[Influence Anxi Protectorate: 200 points per month]

[Influence Mobei Grassland: 400 points per month]

[Jimi Tuyuhun: 300 points per month]

[Included with sudden riding: 200 points per month]

[Jimi Modong Grassland: 200 points per month]

[Influence Xichuan: 600 points per month]

[Infiltrating Yangzhou: 200 points per month]

[Destroy An Qingxu: 1000 points]

[Liberate Zhuozhou: 1000 points]

【Lanzhou victory: 1000 points】

【Chengdu victory: 500 points】

[A total of 11200 luck points have been added, and the remaining luck points in February are 674 points. The host currently has 11874 luck points. 】

Li Tan looked at the settlement result with satisfaction. May was indeed a bumper harvest. Several victories greatly expanded Longyou's control area and gained a lot of luck points.

"System, summon three thousand new players."

【As you wish, there are currently 24482 players in the game. 】

Li Tan looked at the map with satisfaction, it was time to end the Anshi Rebellion.

(End of this chapter)