The legend of the king of crossing

Chapter 202 The Opening of Yinzhuang

This time, Liao Yingzhong replied without hesitation: "My lord, Shu Yingzhong said bluntly, this is the only way for now."

Liao Yingzhong knew very well that Master Jia's status today was mainly due to Song Lizong, and the current emperor and the first emperor were completely different types of people. I feel that it is not an exaggeration for Lu Xiufu to describe the emperor as a "man of God".Given time, the achievements of today's emperor must be higher than that of Emperor Wu of the Han Dynasty and Emperor Taizong of Tang Dynasty.

Even though Jia Sidao knew in his heart what Liao Yingzhong, the number one adviser under him, was telling the truth, but his face turned dark with displeasure, just a sense of helplessness emerged from his heart.

Seeing that Jia Sidao was upset, Liao Yingzhong didn't dare to say anything, she lowered her head and drank the wine to herself.

Jia Sidao held the wine glass with a gloomy face, and he didn't know what he was thinking, and asked after a long time: "Has Chen Yizhong moved into the big house by the lake?"

Liao Yingzhong whispered: "Go back to your lord, Mr. Chen has already moved in."

Jia Sidao said "En", then sighed again, and said after a while: "Come on, three, drink a bar, get drunk today when you have wine, don't think about other things."

"Yes, my lord." The three said in unison.

Intoxicated people or drunk people, in fact, why bother to distinguish?

On August [-]st of the first year of Xianchun, the Royal Bank of Song Dynasty officially opened.

Of course, the Yinzhuang at this time was far from being comparable to the banks of later generations. In addition to replacing the original government’s right to issue Jiaozihuizi, Dasong Yinzhuang only has a small-scale deposit and loan business and the function of issuing bank notes. .In the absence of a nationwide dense network of outlets, the ordinary deposit and loan business can only be targeted at common people and merchants around Yinzhuang.As for the bank notes, the original Song Dynasty government agencies responsible for "bank note affairs" and "money introduction affairs" can be used for exchange, which is not affected.

To put it simply, the newly established Royal Bank of the Song Dynasty only has the function of issuing banknotes of the central bank of later generations and the function of issuing banknotes of ancient banks.

After getting my approval, Yinzhuang will complete the conversion of Dasong Huaxia coins and existing Jiaozihuizi copper coins and grain silver within four years. Huaxia banknotes are the only legal currency in circulation.

To ensure this, it is necessary for Yinzhuang to transform the original currency functional departments in various places and make it a branch of the Royal Bank of Song Dynasty in various places. Although I have my support, Ruan Dengbing is also very clear that this is also a very important project. A large project, although not as complicated as the provincial system, still takes a long time.Therefore, when Ruan Dengbing formulated the currency management regulations, he fully considered this point, and finally decided to open the branch of Yinzhuang to the state capital level within one year, spread to all counties within two years, and complete the exchange of Huaxia currency and other banknotes in the third year In the fourth year, the exchange of Huaxia coins, copper coins, and gold and silver was completed.The folks can still collect gold and silver, but they cannot circulate in the market as currency.

Due to the proliferation of Jiaozihuizi, the people are very resistant to banknotes. Although I, Ruan Dengbing and others have made preparations in advance, I did not expect the difficulty of promoting Huaxia coins to exceed my expectations.

Autumn is high and fresh.

Although the weather is still a bit hot, it is much better than the scorching sun in summer, and the occasional breeze can make people feel a little cool.

Over the past few months, Qian Shuoyou's renovation of Lin'an's city appearance has achieved initial results.Willows hang down on both sides of the West Lake, and the lake water is like a mirror, clear to the bottom.The beautiful West Lake is dotted with brand-new pavilions and terraces, echoing with the shaded trees.

According to Qian Shuoyou's rectification steps, the West Lake and its surroundings are the first step, then the main streets of Lin'an, and finally the buildings in Lin'an.

In the afternoon, I put on my mask and went with Fang Ling, Yuan Ji, Xiao Tian and others to the Royal Silver Village on the bustling street south of West Lake in Lin'an.

Yinzhuang is located in a busy city, and there are many people coming and going in front of the gate.There is a huge bulletin board on the wall to the left of the gate, inside which are posted several large posters about the introduction of Yinzhuang. Below are several long tables. A dozen staff members of Yinzhuang are standing by the tables and explaining to the onlookers. The function of Yinzhuang and the introduction of the Huaxia banknotes of the Song Dynasty, and other staff in twos and threes kept distributing leaflets to passers-by.

The crowd of onlookers kept asking this and that while watching.

One of the middle-aged men with the appearance of a businessman said: "It's banknotes again? Every time it's issued, they talk about hype, but it doesn't take long for it to depreciate, and it's not as bad as usual, so it's better to use silver or copper coins." .”

"That's right, isn't this Huaxia coin the same as Huizi, but it came out under a different name?" Another young scholar asked.

Many people held the same idea and echoed from the sidelines.

At this time, a Yinzhuang supervisor standing next to the bulletin board said loudly: "Brothers, you don't know that this Huaxia currency is fundamentally different from the Huizi issued before, and it will not depreciate. "

"Really? It's just that I don't quite believe it." The middle-aged man shook his head and said.

The supervisor smiled and said: "Brother, let me explain to you slowly. Brother, and this son, the biggest difference between Huaxia coins and Huizi is that the circulation of Huaxia coins is not what my bank wants to issue. It doesn’t matter how much it is, but it is based on the amount of gold and silver stored in my dynasty. For example, if my dynasty’s existing gold and silver reserves are 1000 taels, the amount of Huaxia coins issued by Yinzhuang can only be equivalent to 1000 taels of gold and silver at most. purchasing power."

The middle-aged man didn't seem to understand, and the clerk continued: "To put it simply, if the gold and silver reserves of our dynasty can buy rice at most five thousand shi, then the total face value of Huaxia coins issued can only buy at most five thousand shi Rice, do you understand this?"

"En!" said the young scholar next to him, "I understand a little bit, this way I can control the randomness of the issuance of banknotes, so as to avoid the depreciation of banknotes."

"This young man is right."

The middle-aged man said: "Of course it's a good thing if it can be done, but the previous meetings were also issued by the imperial court. Wouldn't it also lead to skyrocketing prices and depreciation of paper money?"

"Brother, this Yinzhuang will strictly follow the rules. If you post randomly, it will be the same as the original meeting as you said. Look up, my full name is Dasong Royal Bank Zhuang, isn’t that right? This was established by the emperor’s imperial decree, and the number of issued Huaxia coins needs to be approved by the emperor before it can be issued.”

The middle-aged man thought for a while and said, "I hope so."

From the middle-aged man's "I hope", I can naturally hear that the people's trust in the imperial court is very low, and the supervisor moved me out to barely get the middle-aged man's approval.

The supervisor said confidently: "Yes, it will. I, the treasurer of Yinzhuang, said that the issuance of Huaxia coins will definitely not cause inflation."

"Inflation? What does that mean?"

"Let me answer that."

"Boss, why did you come out?" the supervisor asked.

Ruan Dengbin smiled and said: "Inflation is a phenomenon that may occur when issuing banknotes. It refers to the depreciation of banknotes caused by the issuance of banknotes exceeding the actual amount of currency needed in circulation. Inflation does not mean that prices will definitely increase. But there is a certain relationship between the two, and the most direct result of inflation is rising prices."

"This Ruan Dengbing is a quick learner." I secretly thought.

"For example, there is only one thousand shi of rice in Lin'an City, which is worth 50 renminbi at five hundred renminbi per shi. Rice can always be sold, otherwise, it may cause the price of rice to fall. Therefore, the issuance of banknotes must be within a controllable range in order to ensure the stability of banknotes. I am here to assure you again. Huaxia currency will definitely not be the same as Huizi Jiaozi, because the number of Huaxia currency issued is based on the gold and silver reserves of our dynasty. Even the current emperor has said that no one should violate the Huaxia currency issuance system. The emperor is far-sighted, The purpose of setting up the Royal Silver Village is to ensure the stability of prices in our dynasty, the stable development of the economy, and the people's living and working in peace and contentment."

Most of Ruan Dengbing’s knowledge about currency is learned from me here, and I myself have only a half-knowledge. Ruan Dengbing’s explanation sounds like that, but I know that he, like me, only knows superficially, although there are many in Yinzhuang. Although there are talents in finance, the research on monetary theory is still far from enough.It is more than enough to fool people suddenly, but it will take a long time to understand the true meaning of it.

Among them, the tuition fee must be paid, but this tuition fee must be paid and should be paid.