Kai Fu Han

Chapter 486 Silver Dollar Volume

In this era, money banks charge handling fees for depositing money, and there is no such thing as interest on deposits.

"It can't be all benefits, right? I believe everything has pros and cons. If it was really so powerful, predecessors must have discovered it long ago." Luo Cheng was still a little reluctant: "And making money is a harmful strategy. This is a lesson learned from the past.”

Liu Xinqi knew that he had to convince Luo Cheng before he could become the hands-off shopkeeper in the subsequent work. Otherwise, Luo Cheng's constant asking for instructions would definitely annoy him to death.

"Of course there are disadvantages." Liu Xinqi continued to explain:

"Stimulating investment means expanding production capacity, which may lead to overproduction. But we at Xinghan League don't need to worry about this at the moment. Our domestic demand is not yet satisfied, and we are still far from overproduction."

"The government's issuance of national debt will create a debt burden for the government. If this burden is too heavy, it will seriously affect the government's credit and cause a crisis. Therefore, the budget deficit and the government's total debt burden should have a limit. For example, the budget deficit should not exceed [-]% of budget revenue. Three-thirds of the total debt burden does not exceed half of the government’s annual revenue.”

"Printing money will cause inflation, which means that prices will rise. After all, the total materials produced by society are limited."

"There are many disadvantages, but overall, the advantages outweigh the disadvantages." Liu Xinqi concluded.

Luo Cheng lowered his head to think, and after a while he said:

"Although there are still some doubts, since you insist, let's give it a try. Anyway, there is still a lot of money in the Xinghan League's treasury, enough for you to squander it for three to five years." Luo Chengdao.

"I am not squandering this... Since you agree, then we will recruit new staff on a scale of 4 this time. We will try to start the exam after the annual leave, then start training before February, and start work before the end of February." Liu Xinqi arranged.

"Okay, I'll ask Luo Gao to publish a notice in the newspaper when I get back." Luo Cheng responded.

Father and son do not need Liu Xinqi to be the middleman.

After discussing with Luo Cheng, Liu Xinqi left the alliance headquarters. The Government Affairs Council will naturally be responsible for the subsequent specific implementation. Otherwise, it would be a waste to recruit so many officials.

He left the city again and came to the institute, where he found Liu Zhimu:
"Has the silver dollar roll been printed?"

With the increase in social and economic size, food stamps are no longer applicable.

It can be estimated that the fiscal revenue of the Xinghan League next year will definitely exceed 2000 million taels, including 800 million taels from grain taxes, 400 million taels from commercial taxes, and 800 million taels from production and sales profits of affiliated enterprises. These are all conservative figures.

According to the rule that fiscal revenue in later generations is generally one-fifth of GDP, the GDP of Xinghan League has reached [-] million taels of silver.

The currency total of a healthy regime should be kept between one and two times of GDP. Based on double calculation, the total currency of Xinghan League should exceed [-] million taels.

The current "treasury" of the Han League stores more than 2000 million worth of property, most of which belonged to the Kong family that was confiscated last time.

According to previous estimates by the Ministry of Finance, the total amount of gold, silver and copper coins circulating on the market should be between 2000 million and 6000 million taels.Without scientific investigation, this estimate range is very wide.

However, even if calculated according to the largest number, there is still a currency gap of 2000 million taels in the Xinghan League market.

This gap is the "profit" of the Xinghan League government.

Fighting life and death, the benefits of expanding territory are beginning to show!

For a regime, taxation is the largest source of fiscal revenue, and printing money should be the second largest source.

"It's been prepared a long time ago. I'll get it for you." Liu Zhimu put down his work and walked towards his office. Liu Xinqi followed directly.

"The League has printed so many food stamps and has accumulated a lot of experience in this area. The silver dollar roll designed this time is much more advanced than the second edition of food stamps circulating on the market." Luo Cheng said and took it out from the drawer. An envelope.

Open the envelope and take out eleven banknotes.

"Here, take a look. They are one article, two articles, five articles, one article, two articles, five articles, one hundred articles, and one yuan, two yuan, five yuan, and ten yuan."

Liu Xinqi took it and looked at it carefully.The first is the one-cash banknote, which is very simple. In addition to the big character "One-Wen" in the middle, there is also an Arabic numeral "1", surrounded by some cloud patterns, and a line on the top that reads "Xinghanmeng Central Bank".

"Didn't I say, don't print my face on it?" Liu Xinqi noticed that his face was on the right side of the front of the banknote.

"I think this avatar is the best anti-counterfeiting measure. Such a realistic pattern cannot be drawn by ordinary people. It can directly eliminate [-]% of counterfeiting." Liu Zhimu explained.

One thing he did not say was that after private communication between the Government Affairs Council, the Dali Yuan, and some generals, everyone unanimously agreed to print Liu Xinqi's face on banknotes.

First of all, with Liu Xinqi's avatar, according to Liu Xinqi's reputation among the people, the credibility of this banknote will be greatly increased.

Secondly, with the circulation of banknotes, Liu Xinqi's popularity will also increase greatly, which will complement each other.

The Xinghan League has guaranteed the equal exchange of banknotes with gold, silver and copper coins, and the banknotes will definitely be widely circulated. When everyone on the Kyushu Continent has seen these banknotes, Liu Xinqi's reputation will reach its peak.

"It feels weird." Liu Xinqi looked at his big avatar, a little speechless.

Turning over the banknote, the main image on the back is a "Xinghan Type [-] flintlock gun".

I took the two-wen banknote again. There was not much difference between the front and the one-wen banknote. The only difference was the numbers on the banknote and the pattern on the north side.

"Is this the 'Chaoyang'?" Liu Xinqi asked.

"Yes, there are two small characters on the bow of the ship." Liu Zhimu pointed.

"I miss you."

Continuing to look at other banknotes, there are single objects behind the first-class banknotes, which are basically representative.Behind the one-yuan "silver dollar roll" is Mount Tai.Two circles are Huashan Mountain, five circles are Hengshan Mountain, and ten circles are Mount Song.

Most people can't tell the difference, but Liu Xinqi has seen these mountains, so he can tell them apart.

"Where are the coins?" Liu Xinqi asked.

"Here." Liu Zhimu was already prepared and took out a wooden box with twelve coins in it.

The new coins are different from the previous copper coins in that they do not have the square hole in the middle.

In addition to the words on the front of the Wen-level coins, there are various flowers on the north side. The edges of the coins are jagged to prevent anyone from hanging copper from the coins.

These coins are all copper alloys and are made of exactly the same material, differing only in weight and size.

Therefore, except for the value of a penny coin, which is the same as its face value, all other coins are "credit currencies".

Next came silver dollars.

"It's my profile picture again." Liu Xinqi was speechless.

Thinking about Yuan Datou in later generations, you can know how Liu Xinqi felt when he saw this silver coin with no face value of one yuan.

"It's to prevent counterfeiting again, right?" Liu Xinqi asked.

"Yes." Liu Zhimu nodded.

Liu Xinqi didn't expose it either.

(End of this chapter)