The Ming Dynasty started with saving the eldest grandson

Chapter 122 Several joys and sorrows

What are the functions of the Monetary Bank of China?

Manage the issuance and circulation of banknotes, understand local economic conditions, and determine the amount of banknotes issued.

If I remember correctly, that's right?
Doesn't that mean that His Majesty will no longer issue treasure banknotes at will as he did before, but will issue them based on evidence?
If this guess is true, if His Majesty can do it, then...

The more I thought about Zeng Tai, the more excited I became... Baochao was really in full swing.

But did the emperor mean this?

Thinking of this, he gritted his teeth and walked out of the queue and said: "Your Majesty, I just remembered one of the functions of the Banknote Bureau, which is to determine the amount of banknotes issued."

"I dare you to ask your Majesty what you mean by these words?"

Zhu Yuanzhang was quite surprised. He didn't expect that someone would notice this problem so quickly.

Originally, he was thinking that Zeng Tai had been sitting in the position of Minister of Household Affairs for more than half a year, and it was time to replace him.

This is also a major feature of the Hongwu Dynasty. The six ministerial books were replaced very quickly, and most of them were replaced within a year and a half.

Those who can do it for three years are rare.

The reason is naturally distrust, fear that these people will stay in high positions for too long and form cliques for personal gain.

However, this Zeng Tai's ability is indeed good, he is loyal and dares to speak out, so let him stay in charge for a little longer.

Zeng Tai didn't know it yet, but because of one problem, he kept his position as minister.

Zhu Yuanzhang thought this way, and became more and more pleased with Zeng Tai, and said:
"It literally means that there needs to be a basis for how many treasure banknotes will be issued in the future."

"And this basis is the data provided by the Monetary and Banknote Bureau."

After a pause, he added:
"The Ministry of Revenue is in charge of the country's money and grain, and it also provides data once a year for comparison with the Monetary and Banknote Bureau."

"In this way, we can calculate a more accurate circulation amount and avoid inflation...that is, too many treasure notes."

Seeing that things were as he thought, Zeng Tai was extremely excited:
"Your Majesty Shengming."

"If we follow this method, we will have more treasure money to pay taxes and exchange for supplies..."

“It is possible to establish the credibility of Baoqian.”

Others gradually came to their senses and were extremely shocked. Didn't they expect that the emperor would tie his own hands and feet?

There was also the Financial Bureau, which everyone originally thought was brought by the emperor to monitor the place.

I didn't expect it to be used for this.

The ministers' perception of the Financial Bureau was immediately reversed.

Although it still has the function of monitoring local areas, its main function is to estimate the circulation of treasure banknotes.

It is easier to be accepted by everyone than a simple secret service agency.

With the data from the Monetary and Banknote Bureau, not only will treasure banknotes circulate like copper coins, at least they will not depreciate as quickly as before.

Maybe, the problem of money shortage can really be solved in this dynasty.

"Your Majesty Shengming."

All the ministers praised him one after another.

At the same time, I admired Zeng Tai's courage. He could see the secrets, but the key was to dare to ask the emperor.

Wang Shi looked at this competitor and admired him from the bottom of his heart.

He knew he couldn't do it.

I am not as good as him.

The new treasure banknotes and the more reasonable system completely convinced the ministers.

Even if there are still people who are not optimistic about it, they are not willing to go against so many people.

The recycling of old banknotes to boost people's trust in precious banknotes was approved.

The Financial Bureau was officially accepted by the officials, and its status was directly raised to the same level as the Six Ministries.

Zhu Yuanzhang issued several more decrees one after another, emphasizing again that all yamen would fully assist the work of the Financial and Banknote Bureau.

The new banknotes will be officially issued in three months.

During this period, local government offices must make every effort to publicize the new banknotes and the new treasured banknote policy.

We must let more people know about the new banknotes.All yamen are not allowed to reject new treasure banknotes and must accept them according to the face value, otherwise they will be severely punished.

……

With the promulgation of such new policies, officials became more convinced that the emperor had been planning for a long time.

And the more reasonable policies also gave them more recognition of the new banknotes.
-
As soon as the news of Baochao's new policy came out, Ying Tiancheng was in a state of excitement.

It has to be said that Yingtian is the place where the most treasures are kept among the people, and it is also the hardest hit area.

I heard that you can purchase supplies directly from the corresponding official warehouse.

The people didn't believe it at first. How could such a good thing happen?
But when the imperial list was posted and it was confirmed that the matter was true, the people became excited.

They all shouted long live His Majesty.

Then I started to ask where the warehouse where supplies can be exchanged is.

But before the people could find out the address of the warehouse, they discovered that there were many more stalls on the street:

Buy the treasure banknotes at the original price, as much as you want.

The people were very puzzled, why should they charge the original price?
Until someone told them that those who bought the treasure notes were salt merchants, and they could directly exchange the treasure notes for salt.

The people suddenly realized this, and then they stopped going to the warehouse and sold the treasure notes to the salt merchants on the spot.

Not to mention convenience, there is no need to deal with the government.

The common people are never willing to deal with the government. Who knows whether the materials exchanged by the government warehouse are defective products or whether they will be short of weight.

It would be more secure to sell it to a salt merchant and exchange it for copper coins.

But no matter what, the price of the treasure banknotes became equal to the face value overnight.

But there are also some people who are filled with regret, the same people who previously sold their treasure notes at a price that was [-]% higher than the market price.

I have lost a lot of money inside and outside.

Those who had previously hoarded treasures were beaming with joy.

Make a lot of money, make a lot of money.

However, they were not happy for long. Soon, Jin Yiwei came to visit, maliciously suppressed the price of treasure notes, exiled them and ransacked their homes.

Looking at the wealthy businessman's family who was being held away in chains across the street, and thinking about their family's high spirits in the past few days, Feng sighed:
"You can't be too greedy."

"Bah." Chen Yuan spat and said, "The profiteer deserves what he deserves."

"No one knows anyone on this street. The neighbors and villagers are all cheating. They must be punished."

Feng advised: "They are already like this, so they should keep their mouths full of virtue."

Chen Yuan said nothing more, but said:
"You won't blame me this time, right? If I had listened to you and sold the treasure, I would have suffered a big loss."

Mrs. Feng was a little embarrassed. Money came in and out of the medical clinic every day, and she had a lot of treasure in her hands.

She just wanted to sell it quickly and make a small profit.

If the court regrets it, it will suffer a big loss.

Chen Yuan was unwilling and said that although she had become a royal official, she was not knowledgeable at all.

When did the current imperial court change its orders from morning to night? Keep it.

For this reason, Feng was angry with him for several days.

Now that he was proved to be right, Chen Yuan felt very proud.

But they were an old couple, so Feng quickly put the embarrassment behind her and said with a smile:

"You better keep your composure, boss, we are going to make a lot of money this time."

The Baochao New Deal, as if it had wings, spread rapidly throughout the country with Yingtian City as the center.

The people who got the news were all happy.

But someone moved faster than the court could deliver the news, and that was the salt merchant.

In many places, salt merchants have already arrived before news from the court arrives.

(End of this chapter)