October of the second year of Hanxing.

Another astonishing news spread throughout the Ming Dynasty - anyone can go to the bank with treasure money to exchange for cash, whether it is the treasure money of the Chongzhen Dynasty, the Hongguang Dynasty or the Longwu Dynasty, one or two for one or two, full and full value exchange, and immediately take the cash.

The old accounts of the Chongzhen Dynasty are recognized by the imperial court, who can doubt the credibility of the imperial court?!

However, some time ago, the vast majority of the treasure banknotes have been taken away by unknown merchants, and there are only less than 400,000 taels of treasure money left by the people.

At the same time, the Royal Bank of Daming announced the release of a new version of the treasure banknote, with denominations ranging from one penny, two wen to ten wen, and one hundred wen, and the largest one is only one or two.

This new treasure banknote was guaranteed by the imperial court and could be exchanged for cash at any time at the bank.

Of course, although the bank will politely ask when people withdraw money, "Do you want cash or treasure money?" But there was no suspense, everyone chose cash, and didn't pay any attention to the treasure money.

Then the courtiers were horrified to find that 20% of their money was actually issued in treasure money.

They all hurried to the bank to exchange the money, but when they found that it was all a false alarm, the bank immediately changed the money for them.

However, some officials in remote areas were miserable, so they could only "form a group" to hand over the treasure money to one person, and let him go to a bank hundreds of miles away to exchange it.

Of course, everyone got the cash back without any problems, and the tide quickly subsided.

Later, the imperial court announced a new policy, and the tax payment with treasure money could be reduced by one cent.

And this good thing? Naturally, you can save a penny!

At present, many people take the cash to the bank to exchange it for treasure money the day before the tax is collected, and then immediately hand over these "pieces of paper" to the tax collector like throwing a hot potato, and never take an extra moment in their hands.

After a few months of tossing, Daming gradually discovered that this treasure banknote is convenient to store, and the bank is being built more and more, and there is no delay in exchanging cash, and there seems to be no risk.

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

In accordance with Zhu Linmiao's instructions, the Royal Bank has always prepared almost the same amount of cash for the treasure banknotes issued in the market, in case someone can exchange them.

However, there are fewer and fewer treasure notes back in the hands of the bank. Human psychology is like this, the more you don't let him exchange for cash, the more unreliable he is, and he has to change it by all means. And the more they let go of casual exchange, the more people have confidence in these banknotes, but no one changes them.

Social economy is inherently a game of group confidence and consciousness. Although Zhu Linmiao did not study economics, as a person in the 20th century, he still knows some simple truths.

Half a year later, the first batch of new treasure banknotes was still in the hands of the banks, and when they bought things in the bazaar, most of the vendors were already willing to accept the banknotes.

By the time the second batch of 2,000,000 taels was issued, the bank's cash reserves had been reduced to 1,600,000 taels. These banknotes have flowed into society through various channels, but they have not experienced a run on them as they did when they were first issued.

In the third batch, the reserve bank was reduced to 60%, and it may be further reduced in the future.

However, according to Zhu Linmiao's requirements, forty percent is the minimum minimum limit for reserve silver. That is to say, for every 1,000,000 taels of banknotes issued, 400,000 taels of silver must be prepared in the bank. In order to guarantee the credibility of banknotes and avoid inflation, this is the bottom line that must be absolutely observed.

By the beginning of the fourth year of Hanxing, even the Ryukyus, Japan, Korea, Annam and other places began to accept a large number of Ming treasure banknotes.

At the end of the year, the first 200,000 taels of treasure money were brought back to Europe by the British. The merchant ship, named "Extravagant Hope", encountered pirates near the Cape of Good Hope, and the captain was forced by cannons to stop the ship, and more than 100 pirates immediately boarded the ship and plundered.

When the pirates had snatched all the cargo from the ship, they left the Hope to their satisfaction. However, they didn't find the 200,000 taels of treasure money hidden in the mezzanine of the captain's room!

The money saved the life of the shipowner, Lord Frekevia, and saved him from bankruptcy and death.

The legend spread far and wide, and since then, few cargo ships have carried cash between Europe and Asia. As the global reserve currency, Daming Treasure Banknote has also taken its first solid step because of this matter!

……

West Siberian Plain.

It is a two-million-dip plain between the Ob and Irtysh rivers.

Due to the abundance of water resources and the extremely fertile clay soil, this is a region that can produce food, which is extremely difficult in Siberia, where conditions are extremely difficult. In addition, although the climate is also very cold, there is always a time of ice and snow melting and lush vegetation, which is very pleasant compared to the rest of Siberia.

The largest city built by Tsarist Russia in Siberia - the city of Novo Nikolaevsk is located on this land.

However, at present, there are only about 1,000 Mongolians and a very small number of Xianbei people living here. Tsarist Russia has also just built a small stronghold here in recent years, relying on a very simple fortress, with an expedition of more than 300 people, named Ob City.

It is 4,000 miles away from Moscow, Chahar and Heilongjiang, which is the balance point of the power projection between Tsarist Russia and the Ming Dynasty.

Early that morning, with a musket on his back, Igornov cautiously poked his head out of the inner walls of the city of Ob, and the ground as far as the eye could see was covered with snow, and there were no footprints in sight.

"Looks like they're not going to come today." Laflovich, who was on the sidelines, whistled, "Good day." ”

Both of them breathed a sigh of relief, leaned their muskets aside, each pulled out a piece of black bread, crouched under the breastwork and nibbled on the cold wind.

Unexpectedly, after a few bites, they heard someone in the east shouting in jerky Russian, "This is Xipol Xiwei, which has been a sacred and inseparable part of the Ming Dynasty since ancient times!"

"Since the Han Dynasty, the great general Huo Qubing has personally led a large army to explore the North Sea, which is what you call Lake Baikal. The Tang Dynasty had already established the capital of Bocheng near the Beihai Sea, and later some Uighurs brought the city of Borba to the Tang Dynasty.

"The Ming Dynasty inherited the territory of the ancestors, and there is no doubt about the ownership and jurisdiction here. Please leave the city immediately and disarm the trespassers of the Rakshasa Kingdom, otherwise all the consequences arising from this will be borne by you.

"Warning again! This is Sipolsivi, which has been ...... since ancient times."

The shouting was repeated over and over again, and Igornov, as a "veteran" who had been here for half a year, had long been surprised.

Ever since a Ming expedition — perhaps an army — had established a stronghold near the city of Ob four months earlier, they had come from place to time to assert their sovereignty.

Second Lieutenant Nestorov once led more than 100 soldiers in the city to attack them once, but they were defeated and more than 40 people died. From then on, the second lieutenant ordered everyone to huddle in the fortress, and there was no order to go out.

Thank you: bili8021, the Ming Empire Shenji Battalion, Pan Xuezhong gave me a generous reward! Under the thanksgiving, thank you!

In other words, there has been a double monthly pass event recently, and Tianhaishan is here to shout, kneeling and begging for monthly passes and recommended tickets! If there are more than 10 monthly passes today, I will add a new chapter and never break my promise!

(End of chapter)