The Rise of Ming Dynasty 1646

Chapter 794 Since ancient times... (kneeling for a monthly ticket)

October of the second year of Hanxing.

Another astonishing news spread throughout the Ming Dynasty——anyone can take treasure banknotes to the bank to exchange for cash silver, no matter the treasure banknotes of the Chongzhen Dynasty, Hongguang Dynasty or Longwu Dynasty, one tael for one tael, full amount and full value exchange, immediately Take cash.

The court recognized the old accounts of the Chongzhen Dynasty, so who can doubt the credibility of the court? !
However, most of the precious banknotes have been taken away by unknown merchants not long ago, and there are only less than 40 taels of precious banknotes left in the private sector. Those who sold the precious banknotes at a low price all regretted it.

At the same time, the Royal Bank of Daming announced the release of a new version of treasure banknotes, with denominations ranging from one, two, ten, and one hundred coins, and the largest one was only one tael.

This new treasure banknote is guaranteed by the imperial court and can be exchanged for cash in banks at any time.

Of course, although the bank would politely ask people when withdrawing money, "Do you want cash or banknotes?" But without any suspense, everyone chose cash and ignored the banknotes at all.

Then the courtiers were horrified to find that [-]% of their salaries were paid out in precious notes.

They all rushed to the bank to exchange cash, but found that it was a false alarm, and the bank immediately exchanged the silver for them.

However, some officials in remote places are miserable. They can only "organize a group" to hand over the treasure banknotes to one person, and let him go to a bank hundreds of miles away to exchange them for travel expenses.

Of course, everyone got their cash back smoothly, and the trend soon subsided.

Later, the imperial court announced a new policy, paying taxes with precious banknotes can save one percent.

And this good thing?Naturally, a penny can be saved!
At present, there are many people who take cash to the bank to exchange it for precious banknotes the day before tax collection, and then immediately hand these "slices of paper" to the tax officer like throwing a hot potato, and never hold them for an extra moment.

After several months of tossing around, Daming gradually discovered that the banknotes are easy to store, and more and more banks have been built, so there is no delay in exchanging them for cash, and there seems to be no risk.

Gradually, some people began to hold treasure notes for a short time, and then those who were too lazy to exchange them began to hold them for a long time.

According to Zhu Linmin's instructions, the Royal Bank has always prepared almost the same amount of cash for the banknotes issued in the market, in case someone can exchange them.

However, fewer and fewer treasures were returned to the bank.Human psychology is like this, the more you don't let him exchange cash, the more unsteady he will be, and he will try to change it.And the more open it is to change it casually, on the contrary, it makes people have confidence in these banknotes, but no one changes them.

The social economy is a game of group confidence and consciousness.Although Zhu Linmi has never studied economics, as a person of the twentieth century, he still understands some simple truths.

Half a year later, only more than 20 taels of the first batch of new banknotes were still in the hands of the bank. When shopping in the market, most vendors were willing to accept banknotes.

When the second batch of 200 million taels of banknotes was issued, the bank's cash reserves had been reduced to 160 million taels.These banknotes flowed into the society through various channels, but they did not encounter the same run as when the first batch was issued.

In the third batch, the reserve silver was reduced to [-]%, and it may be further reduced in the future.

However, according to Zhu Linming's request, 100% is the lowest limit for reserve silver.In other words, for every one million taels of banknotes issued, 40 taels of cash must be prepared in the bank.In order to ensure the credibility of banknotes and avoid inflation, this is the bottom line that must be absolutely followed.

At the beginning of the fourth year of Hanxing, even Ryukyu, Japan, North Korea, Annan and other places began to accept a large number of Daming banknotes.

At the end of the year, the first 20 tael banknotes were brought back to Europe by the British.This merchant ship named "Extravagant Hope" encountered pirates near the Cape of Good Hope. The captain had no choice but to stop the ship under the pressure of cannons, and more than a hundred pirates boarded the ship and robbed immediately.

When the pirates snatched all the goods on board, they let the Luxury Hope and left with satisfaction.However, they did not find the 20 taels hidden in the mezzanine of the captain's cabin!
The money saved the life of the ship's owner, Lord Flakevia, and saved him from bankruptcy and the streets.

This legendary story spread like wildfire, and since then, few cargo ships traveling between Europe and Asia have carried cash.As the global reserve currency, the Daming Banknote has also taken its first solid step because of this incident!
……

West Siberian Plain.

This is a large plain of 200 million slopes, located between the Ob River and the Irtysh River.

Due to the abundance of water resources and the extremely fertile clay soil, this area is a region that can produce food, which is very rare in Siberia where the conditions are extremely difficult.

In addition, although the climate here is extremely cold, there is always a period of time every year when the ice and snow melt and the vegetation is lush.Compared with other places in Siberia, the climate is very comfortable and pleasant.

The largest city built by Tsarist Russia in Siberia later - Novonikolaevsk city is located on this land.

But now there are only a thousand Mongolians and a very small number of Xianbei living here.Tsarist Russia has also just built a small stronghold here in recent years. Relying on a very simple bastion, there is an expedition team of more than 300 people stationed here, and it is named Ob City.

It is four thousand miles away from Moscow, Chahar, and Heilongjiang, and it is the balance point for the power projection of Tsarist Russia and Ming Dynasty.

In the early morning of this day, Igornov carefully poked his head out from the inner wall of Ob City with his musket on his back. As far as he could see, the ground was covered with snow, and no footprints could be seen.

"It seems that they don't plan to come today." Laflovich whistled, "Good day."

Both of them breathed a sigh of relief, leaning their muskets aside, each took out a piece of black bread, squatted under the parapet, and gnawed it in the cold wind.

Unexpectedly, just after taking a few bites, they heard someone from the east shouting in jerky Russian, "This is Xiboerxiwei, which has been a sacred and inseparable part of the Ming territory since ancient times!

"Since the Han Dynasty, General Huo Qubing led an army to explore the North Sea, which is what you call Lake Baikal. The Tang Dynasty established Bocheng as its capital near the North Sea, and later the Uighurs brought the city of Borbazhin to the Tang Dynasty.

"Da Ming inherits the territory of the ancestors, and has unquestionable ownership and jurisdiction over this place. Please leave the city immediately and disarm any trespassers from the Raksha Kingdom, otherwise you will bear all the consequences arising therefrom.

"Warning again! This is Xiboerxiwei, since ancient times..."

The shouting was repeated over and over again, and Igornov, as a "veteran" who came here for half a year, has long been familiar with it.

Since an expedition from the Ming Kingdom—perhaps an army—established a stronghold near Ob City four months ago, they have come here and there to declare their sovereignty.

Second Lieutenant Nestorov led more than a hundred soldiers in the city to attack them once, but was defeated and more than 40 people died.From then on, the second lieutenant ordered everyone to stay in the bastion, and it was strictly forbidden to go out without an order.

　Thanks: bili8021, Da Ming Empire Shenji Battalion, Pan Xuezhong for generously rewarding me!I am so grateful, thank you!
　　In other words, there is a double monthly ticket activity recently, and Tianhaishan shouted here, begging for monthly tickets and recommended tickets!If there are more than 10 monthly tickets today, I will add another chapter!
　　
　
(End of this chapter)