Villager of Daming

Chapter 820: Advantages of Treasure Banknotes: Low Value Seal
Zhu Yuanzhang walked around to digest food. He drank a lot of beer. In order not to go back and forth to the toilet at night, he walked as much as possible to digest as much water as possible.

After there was less stuff in my stomach, I took a bath, had someone massage me, and burned some soothing incense to sleep.

It's getting dark. The days in March are still not long enough in the Gregorian calendar, so it gets dark early.

People who didn't cook came out to eat, and people who did hard work earned today's wages. Those who earned a lot used a few coins to buy food, wine, and wine to drink back.

The best thing is naturally the iron plate chicken rack. One chicken rack is enough to drink two taels of wine, or half a catty of rice wine, and a large bamboo tube of beer.

"Why did he give me more? Isn't my money?" A person waiting to buy a sizzling chicken rack saw someone buying a chicken rack, but was given half an extra chicken rack.

That's half. Nowadays, there are more chickens. An iron plate chicken rack costs a penny. According to the extra money, you can buy three for two pence.

He didn't dare to cause trouble, but he wanted to understand why?Don’t worry about scarcity but inequality!
"Didn't we exchange the treasure banknotes he used for treasure banknotes? Go and exchange them quickly, and then use the treasure banknotes to buy discounts on things in Qiucun and break your bones." The man selling the sizzling chicken rack explained patiently.

"Who wants to break bones? You can beat me to death. What difference does it make? I exchange copper coins for treasure notes, and when I come back, what difference does it make if I give you copper coins? Take off your pants and fart, it's a waste of time." The man said reason.

"It's different. You buy chicken racks for one penny at a time, and you can exchange them for at least twenty coins at a time. Then you use the exchange money to buy wine, and you give more." The chicken rack seller continued.

"I just want to know..."

"You don't want to know. You can either pay for it now or exchange it. Don't block it, I'm still buying it!" There were people lining up behind who were unhappy.

"Why don't we ask? Buy it, you buy it, and you also use paper money? I heard that it happened in the Yuan Dynasty, but it was useless." The man looked back and stepped aside.

"There's no need for you to use copper coins! I'll use treasure coins. I'll buy three for two cents. I eat too much meat in the winter. Chicken racks are cheap, but the price will go up again in a few days."

"You bought three, you... where did you change them?"

"At the lunch box shop, other stores are doing business, so the lunch box shop only sells it for a while at noon."

"Does my team still count as my own?"

"Forget it, who is waiting for you? Just buy it with copper coins."

"No, no, no, no, I'll change it too, and then spend two cents to buy three of them for my family to eat."

"It means you want to buy one and then eat it yourself. Men really spend their money without caring about their families."

"As if you're not a man."

"I'm a family man, are you leaving?"

"Humph!" The man left his position and looked back at the team. He regretted it!He shouted: "Leave three for me and I'll be right back."

Just like those selling chicken racks, the businesses in Xiaqiu Village all offer discounts or gifts. The chicken racks are too cheap and cannot be discounted, so they have to give them away.

Some can give you a [-]% discount, or give you more things, depending on the price. Those with ten cents can get a [-]% discount, but those with two cents cannot.

When buying clothes, ceramics, bags of rice and noodles, etc., the discounts are obvious.

If you go to a night snack place, it costs three pennies for a serving of rice noodles, plus two more fish balls.

When exchanging money, there is no discount. Not only is there no discount, but the condition of the copper coin must also be considered. If the condition is not good, a discount will be given to the copper coin.

How can fiat currency be discounted?The more discounts there are, the fewer people will exchange them, so the products can only be discounted, which in turn increases the value of the banknotes.

Throughout the night snack street, all the shops were asked to give extra benefits, and then they took the treasure money and gave them the same discount when paying.If a stall thinks that it is tougher and doesn't give discounts to those who take treasure coins, then no one will buy from it, so it will be easier to find another stall.

The amount of discount depends on the profit. The higher the profit, the greater the discount. If the profit is 5.00%, it is impossible to give a [-]% discount. A [-]% or [-]% discount is good.

Especially merchants who wholesale things, they are not a small number.

The big businessmen inquired about the situation and learned that department stores were opened throughout Daming this year, and there was at least one in the other counties. They began to exchange treasure notes.

They know that there are valuable things in Xiaqiu Village, and behind them is the palace. Endorsed by such a being, they can rest assured holding the treasure banknotes.

They exchange them for dozens or hundreds of guan at a time, and some are even brave enough to exchange them for hundreds or thousands of guan for easy portability.

In addition, they were confused when they saw the treasure banknotes. The pattern was so beautiful, there were several colors, and there were watermarks inside. If they wanted to fake it, they would not know where to start.

It is different from ordinary paper. When you move your hands, the paper will click. Compared with the Ming Dynasty's treasures, the Yuan Dynasty's treasures are like apprentices and masters. No, the apprentices are not qualified.

In addition, as agreed, starting from February, the court will only collect treasure banknotes for tax collection. If there are no treasure banknotes, they will be exchanged for you on the spot. There will be an additional handling fee of one cent, which is one percent. Any less than one penny will be counted as one penny.

The first places to respond were Ningguo Mansion, Taiping Mansion, and Yingtian Mansion.

The village in Xuancheng County saw that the Xiaqiu Village had helped print the treasure banknotes. They exchanged them all. Except for the gold and silver that they kept for jewelry, everything else was exchanged for treasure banknotes.

……

"Another 150 guan was released yesterday? According to the plan, [-] million guan was released in Nanjing. It seems that it will be distributed in one month."

Zhu Yuanzhang did not go to the imperial city in the morning. Anyway, after the ministers finished their work in the morning, they took their families to the village to eat and take pictures.

The chief shook his head: "Not necessarily. It may be exchanged in advance, or it may take longer. It depends on the merchant's acceptance. The use of treasure banknotes is written into the law.

When people use treasure money to buy things, and those who set up stalls do not accept it, they will arrest them, fine them, beat them up, and put them in jail.

There is no room for bargaining, it is compulsory, and we allow them to exchange their treasure notes for copper coins, gold and silver.

The department store is responsible for exchanging copper coins, gold and silver directly for treasure banknotes. There is a handling fee of [-]% for exchanging treasure banknotes for gold, silver and copper. Any less than a penny is calculated as a penny. "

The head of the village was very tough on the issuance of the treasure banknotes, because Hanhan was tough and could not be negotiated.

Zhu Yuanzhang supported: "We don't just print money casually. We use real gold and silver as collateral. We will seal the treasury directly, otherwise we won't give you the treasure. That's you."

Zhu Yuanzhang was very helpless. Xiaqiu Village refused to compromise on this matter and gave him as much cash as the collateral. Someone else would have moved earlier.

Facing the masters in Xiaqiu Village, Zhu Yuanzhang recognized that they were doing it for his own good, so there would be no inflation.

"The next step is the most important. We lose money and issue banknotes with a face value less than one penny, one dime, two dimes, five cents, depending on the cost.

Your Majesty prepared 100 million coins and then released them. The people promised to exchange them. The face value of one penny was still too high.

In many cases, one penny can buy a lot of things. One penny can buy a pound of rice, and one pound of popcorn sticks can make a lot of things.

How much is a stick worth?Others just want to eat one or two, two for a dime, twenty for a penny. "

The village chief brought out a big weapon and a small denomination of treasure banknotes. According to the Ming Dynasty's commodity prices and purchasing methods, the people were willing to accept it.

(End of this chapter)