Rebirth of Wu Ba Spring and Autumn

Chapter 198
"My lord, is it inappropriate to abolish the cloth coins, knife coins and ant nose coins that were originally circulated in Wu Kingdom?"

Dazai Ji Zha frowned and said, "Don't talk about Wu, all countries in the world are the same. Various coins are used together, but the equivalent value is different, and there are often disputes."

"The reform of the currency system is of course beneficial to the country. However, I fear that the people of the Wu Kingdom will suddenly find it difficult to accept this new five baht coin!"

Ji Zha's worry is not unreasonable.

Fully implementing a new currency is not something that can be accomplished overnight.

If the government's credibility is insufficient, and the people of the country are obedient and obedient, this will inevitably cause chaos in Wu's currency market and inevitably lead to inflation!

However, Qingji's determination to reform the currency system in Wu State cannot be shaken.

Qingji thought to himself for a while, and said, "The reform of the currency system is naturally not a one-time achievement. My widow's intention is to take the lead in implementing five baht coins in Wudu and replace other currencies with five baht coins!"

"Using Wudu as the test site, if the reform of the currency system has a significant effect, it should be paralleled with the Wu State. If the effect is not good, it can also be decided later."

"Your Majesty Yingming!"

Ji Zha deeply agrees with Qingji's not hastily spreading five baht coins throughout Wu.

Qing Ji said again: "The right to mint coins belongs to the government. There are three officials, Zhong Guan, Bronze Discriminator, and Skills, controlled by the Right Prime Minister's Mansion. Zhong Guan is responsible for casting, Bronze Discriminator is responsible for examining the quality and fineness of copper, and Skill is responsible for engraving models."

"The minting of coins will be in charge of the right prime minister, Ji Ran, and will be assisted by generals Fan Li and Da Gong Ling."

"The promotion of five baht coins will be in charge of Dazai Ji Zha, the Shaofu Beili, and Wu Zixu, the county magistrate of Wudu, will assist."

"Your servant, please obey the king's orders!"

The minister whose name was read immediately agreed.

Qingji then turned his attention to Jizha, and said, "Dazai, the promotion of the five baht coin is related to the country, and there is no room for loss."

"The five baht coin is the only legal currency in Wu. Private minting is not allowed. Those who violate it will be beheaded."

"The rest of the matters concerning the exchange of the original knife coins, cloth coins, and ant nose coins for five baht coins, and the equivalent value, I ask you, Dazai, to carefully consider and set a price after on-site inspections!"

"only!"

Since the new currency is to replace the old currency, the original old currency should be abolished and recycled to the government to be recast as a new currency.

Therefore, Ji Zha and others have great responsibilities.

Immediately, Qingji said to Prime Minister You: "Prime Minister You, you are minting coins for the country, and the quality of the craftsmanship must be strictly controlled, so that others cannot imitate it."

"If something goes wrong, the widow will review it layer by layer, and I will never forgive you lightly!"

"only!"

Counterfeit currency has emerged endlessly from ancient times to the present.

And once a large amount of counterfeit money is rampant and pours into the people, it will cause market inflation, which is the result that Qing Ji never wants to see!

Therefore, the casting process of five baht coins must be strictly controlled, and the country must increase its efforts to crack down on counterfeit coins!

The baht is an ancient unit of measurement.

At this time, about twenty-four baht is equal to one tael in the state of Wu, and a five-baht coin is about 3.5 to 4 grams.

Taking gold as a reference, one thousand five baht coins (coins) are equivalent to one tael of gold.

The value is still extremely high!

During the two thousand years from Fuxi to Zhuanxu, money was called gold; Xuanyuan Huangdi’s descendants had Xiong’s and Gaoxin’s descendants, it was called “goods” at that time; Emperor Yao called it “spring”; in the Shang and Zhou dynasties it was called “cloth” .

Among them, turtle shells and shells were used as money, and later cloth developed into hard currency.

As one of the oldest hard currencies, gold was divided into three types: yellow, white and red as early as Emperor Yao, namely gold, silver and copper.

The top currencies are pearls and jade, which belong to the "upper currency"; gold is the second-class currency, which is the middle currency;

Coinage technology appeared in the era of Dayu.

During the reign of Dayu, there were floods that lasted for five years, but no one died of starvation, because Dayu minted coins and distributed them to those who had no food.

This is probably the earliest manifestation of credit after the emergence of coins.

Coins are popular because they have a uniform size and weight and are easy to use.

However, after all, coins cannot be used to make clothes like cloth. Sometimes people don't like to use them, and the circulation is large, so the depreciation of coins is inevitable.

In the early Eastern Zhou Dynasty, there were only small coins but not big coins, which meant that the "denomination" was too single.

So during the reign of King Jing of Zhou, he began to cast big coins with a diameter of one inch and two cents, each worth fifty small coins.

Therefore, the five baht coin promoted by Qingji is actually not a great pioneering work!
Qingji decided to use Wudu as an experimental point for promoting five baht coins.

In addition to the series of old currencies such as knife coins, cloth coins, and ant nose coins, valuable things such as cloth, silk, jade, silk, and deerskin brought by Li Shu can actually be exchanged for five baht coins of a certain value.

When the national government promulgated the decree on the reform of the currency system, the comments on the matter were mixed.

But, no matter what, out of the Chinese people's trust in Qingji and the country, they ran back home non-stop, took out some old-style coins, and then went to the government to exchange them for five baht coins.

For those who hide old coins privately, but do not get the government to exchange them for five baht coins, and even try to make transactions, the punishment of the State of Wu is very severe.

At least ten pieces of cloth will be fined, and at worst five years of hard labor!

Both buyers and sellers who use old coins will be punished like this!
Therefore, as soon as the decree to reform the currency system in the country of Wu was promulgated, people rushed to the gate of the county government and formed a long queue.

There is no doubt that Wu Guo's currency reform has achieved remarkable results in the initial stage.

Next, the five baht coins of Wu State will be gradually promoted in various counties and towns, and even all the countries in the world!
Five baht coins will become a popular currency like knife coins, cloth coins, and ant nose coins.

Because the state of Wu encourages merchants from all over the world to do business in Wu, and the only legal currency on the land of the state of Wu is five baht coins.

Without five baht, it is impossible to do business in Wu.

Therefore, merchants entering Wu must exchange for five baht coins, and then circulate them among the countries!

And this is exactly the main purpose of Qingji's currency reform.

"Your Majesty, please see Zhi Su Nei Shi!"

When Qingji was dealing with government affairs in Zide Hall, suddenly a servant came in to report.

Fan Li?

"Xuan."

"promise!"

Naturally, Fan Li's request to see him could not be a trivial matter, so Qingji would always meet him.

Not long after, Fan Li, who was dressed in black court uniform, entered the Zide Hall step by step.

Behind him, followed by an elegant man wearing a long crown and dark robes, with an extraordinary temperament.

"My minister Fan Li (Caomin language), see the king! The king has lived for thousands of years!"

"Retire without courtesy."

Hearing that the elegant man who followed Fan Li was a well-known literary figure in history, Qingji, in order to show his respect, stood up and offered a little support.

"Thank you king!"

(End of this chapter)