back to ancient times to be emperor

Chapter 112 Royal Bank
(I need some collection recommendations every day to be motivated to write down...)
Most of the people who came to exchange silver coins glared at Lu Chengqi.But seeing Lu Chengqi's gorgeous clothes, some people wisely kept quiet and watched the play from the sidelines.But there are also some people who don’t know why, and people with a sense of justice scolded: "If you want to exchange silver coins, go to the back and line up. You look gentle, you should be a scholar, don't you even know such big characters?"

Lu Chengqi looked up and saw that there was a notice posted next to the Royal Bank, clearly requesting to line up in three lines to exchange silver coins.Lu Chengqi said: "I'm sorry, I thought there was something fun, but it's not. I'm sorry to disturb everyone, I'm leaving now."

The people behind got out of the way, and Lu Chengqi squeezed out of the crowd.Looking at these people who are crazy about silver coins, he felt a little unbelievable, just like the scene of exchanging a sack of money for silver dollars during the Republic of China.

After nearly a month, the official silver coins issued by the imperial court are still in full swing, and the supply exceeds demand every day.Fortunately, there is a limited amount of exchange, otherwise, no matter how fast the coins are minted, these people will not be able to exchange them.

In fact, these people who came to line up were servants of wealthy families. Regarding this phenomenon, the Royal Bank also turned a blind eye to this phenomenon.As long as you have your household registration, the Royal Bank will exchange money for you, and each person can only exchange three silver coins per day.

Of course, as a for-profit bank, Royal Bank cannot do business at a loss.For example, if about 850 Wen is exchanged for regular money in the market today, the Royal Bank will charge an additional 870%, that is to say, at least [-] Wen can be exchanged for one silver coin.

In this way, no matter how much money is exchanged, the Royal Bank can still make money.And the craze for exchanging money is still going on, because the number of silver coins and copper coins is not equal, silver is expensive and copper is cheap, so even if the Royal Bank increases the exchange rate by [-]%, there are still an endless stream of people who come to exchange.

In the market, one silver coin can be exchanged for nine hundred copper coins.Because of the limited amount of exchange, coupled with the value of the silver price itself, the newly minted silver coins of the Dashun Dynasty were full of weight, which formed a high currency value.

Even if you have a lot of copper coins in your hand, you may not be able to exchange them for silver coins.In the private transactions of high-ranking officials and aristocrats, one silver coin was exchanged for more than one thousand Wen.

The strange phenomenon is that there are not many silver coins in circulation in the market, and the money shortages in Chang'an City, Jiangning Mansion, Jiangling Mansion, Songjiang Mansion, Xingyuan Mansion, Yingtian Mansion, etc. have miraculously solved the money shortage. Difficult question.

The copper coins hoarded by the dignitaries were circulated overnight and exchanged for a lot of hard currency such as cloth and clothes.Lu Chengqi had received a secret report from the Supervision Department long ago, and knew all about these situations.

Sure enough, all the hustle and bustle in the world is for profit, and the prosperity of the world is all for profit.As long as there is profit-driven, these dignitaries do not need to supervise, they will automatically exchange the stored copper coins for silver coins, and then hide the silver coins.Chinese people have been very crisis-conscious since ancient times. Most of them will not let outsiders know about their money. It is the best way to hide it.If it doesn't work, then replace it with fertile land and live by collecting rent from tenant farmers.In their view, money is not as good as good land in good years, and money is not as good as food in bad years.In fact, in ancient times, many man-made disasters were worse than natural disasters.How about saying "prosperity, the people suffer, death, the people suffer"!

The Royal Bank never loses money, and the exchange rate changes three times a day.Some people started queuing up before the Royal Bank opened, but were told that the exchange ratio had changed again. They were annoyed that they did not bring enough copper coins, and could only exchange two coins, and left the counter annoyed.

Therefore, these servants have all learned their skills, and they all brought more than a dozen coins, exhausting themselves enough, just to be able to exchange for three silver coins normally.Although a copper coin is not heavy, if it is worth a thousand coins, more than ten coins will be heavy.

Lu Chengqi had anticipated this situation, and specially asked the Ministry of Commerce to launch a business in the Royal Bank, called money orders.In fact, in the Dashun Dynasty, there were banks and banks that appeared earlier, and it was to carry out this business.To put it bluntly, this business is to deposit copper coins into a bank or bank first, then go to another place, find this bank or bank, and withdraw cash after verifying bank notes.This business is already very close to the access business of later generations, and there may be some shortcomings, but it is almost the same.

Most merchants doing business in other places like to deposit and withdraw money in this way.Because regardless of silver taels, gold leaf or copper coins, it is not only heavy, but also easy to be peeped by thieves.

Although the law and order in the Dashun Dynasty was not bad, there were always path-cutters and thieves near the poor mountains and rivers.For the sake of safety, merchants still deposit money and silver in the bank or bank, and ask the bank or bank to collect a little money in exchange for bank notes (also known as meeting tickets) and keep them close to them.When it is time to buy the goods, the banker's banknote is taken out for comparison, and the banker returns the deposited money.

These banknotes have outstanding credit, circulate in the market, and are equivalent to cash, which can be said to be the predecessor of credit currency.The draft of the Royal Bank is also of this nature.

Now there are two powerful banks and banks in Dashun Dynasty, one is Baolongyuan Bank and the other is Zhengtong Bank.These two banks were almost all over the Dashun Dynasty, and even the bitter cold places in the northwest had their own branches.Lu Chengqi knew that the emergence of the Royal Bank and the issuance of currency based on the country's tax revenue would definitely have an impact on these banks, so he sent officials from the Ministry of Commerce to invite their shopkeepers to negotiate.They also give them part of the silver coin exchange business, but they don't have the floating interest rate of the Royal Bank, so they can't make much money by doing it.

Lu Chengqi quietly looked at these crazy exchange people, feeling a little ashamed.If it wasn't for his background in finance, I'm afraid he wouldn't be able to come up with this idea to alleviate the money shortage.The ancient economy is not so easy to control. If you don't have a little economic knowledge, you will definitely fall into a vicious circle of making money and making money again, but the money is used less and less.When the circulation of copper coins is insufficient, the economy begins to collapse.

It's not easy to be an emperor. If you have less knowledge and experience, you will be deceived by these seemingly loyal ministers.Why did Lu Chengqi set up the Supervision Department? Isn't it to give himself more eyes and ears!
Although Chongzhen in the late Ming Dynasty had great ambitions, his talents were shallow.Concentrating on state affairs, the Ming Dynasty is still dead.In the final analysis, he still didn't understand what went wrong in the country he ruled.Jin Yiwei and other factory guards couldn't provide him with information, so he could only listen to the flickering of the ministers. After the ministers fudged the emperor, even he was fooled into believing it.So Chongzhen killed all the ministers who could govern the country and fight wars, and Ming Dynasty perished.Xiong Tingbi, Sun Yuanhua, Xue Guoguan, etc. were all capable ministers, and Chongzhen killed them all.Chongzhen was also very arrogant, taking care of state affairs and wars, knowing people unknown, employing people improperly, and if he made mistakes, it was all the fault of his courtiers, and he, the emperor, was not at fault.Has he ever truly reflected on himself for the crimes he issued?

Lu Chengqi would never imitate this kind of emperor. He obviously has no strengths, but he thinks he is number one in the world.Want to employ people, but don't trust others.Determined to kill the treacherous evil, but he didn't know that there was the biggest treacherous evil by his side.Lu Chengqi dared to say that if Chongzhen hadn't been so "diligent", maybe Daming could still survive for a while.After surviving the Little Ice Age, Daming was still saved.

Lu Chengqi sighed for a moment, without eyes and ears, and without trusting ministers, the emperor is really a loner.

Just when he was thinking wildly, Wang Yanchen suddenly said: "Young master, madam is there!"

(End of this chapter)