When the Tielong Royal Special Supreme Luxury Edition carriage slowly drove through the palace and crossed the road, the cold wind hit the car through the window opened by Li Chao. Pen & Fun & Pavilion www.biquge.info

Li Chao was sitting on the soft seat of the carriage, just finished the long and boring Zhengdan Dynasty Meeting, and his mind was still a little chaotic. The annual Zhengdan Dynasty Party is completely a lively performance.

Countless officials and ordinary people cooperated, and even the emperor and the crown prince were also a part of this big drama. Even the barbarian states of the Quartet sent missions to participate in this lively carnival.

Li Chao, who was supposed to cooperate with the performance, was not interested in such a show.

Throughout the meeting, he dozed off. I really didn't sleep well last night, I kept vigil until midnight, and then I wanted to sleep, but the eldest daughter Xia Hua came over again and had to sleep with her father and let him tell fairy tales. So, he told his daughter the stories of Snow White, Cinderella, the little match girl, etc., although Xia Hua had heard these stories several times, but she was very happy to hear them.

When it was almost dawn, his daughter finally fell asleep satisfied, but he didn't sleep at all, got up to shower and change clothes to attend the pilgrimage party.

Under the very neatly combed hair, the face was also shaved, and the beard was carefully trimmed. As always, Li Chao likes short beards.

The two beards on the lips are very short, but very stylish, the chin is cleanly shaved, and the cheeks are two large sideburns.

The face of the spirit, but there is tiredness in the eyes.

At the end of the court meeting, the crown prince came to greet him, and then conveyed the emperor's invitation, and the emperor invited him to dinner.

There are no others, just the emperor and the queen and the crown prince, as well as Li Tai, the king of Wei, and Li Liqing, the princess of Changle, plus the queen's uncle Gao Shilian and the queen's elder brother Changsun Wuji.

It was a family feast, with the emperor's wife and their three children, plus three relatives.

Li Chao is also the crown prince, and he is the future father-in-law of the crown prince.

However, Li Chao believes that the family banquet on the first day of the Lunar New Year cannot be so simple.

The prince has grown taller again, and the prince is eight years old this year, and ten years old. There were pimples on his face, and his voice began to change his voice, but he was still so kind to Li Chao.

He told Li Chao that the emperor invited him to dinner this year, mainly to talk about the issue of paper money by the imperial court.

Since the founding of the People's Republic of China, Datang has been plagued by a shortage of money. Although Li Chao came up with advanced coinage technology before, the imperial court has continuously discovered new copper mines in the past few years, and the amount of copper mining has increased significantly, and the annual coinage has increased from Chinese New Year's Eve more than 10,000 guan to millions of guan from more than 10,000 guan before, and gold and silver coins have also been issued to circulate the market.

But the money shortage has not eased, but has become more and more serious.

It is not difficult to find that this is inseparable from the rapid economic development and rapid expansion of industry and commerce in Datang in recent years.

Datang is still the same Datang, but the total economic volume has gone up, but the amount of money has not increased much.

The imperial court is constantly confiscating the old coins of the past and melting them into new coins, coupled with the illegal activities of the people still destroying coins and minting bronze utensils in the imperial court, and some countries in Goguryeo, Baekje, Silla and even some countries in the Western Regions smuggled out the copper coins of the Tang Dynasty and used them as their own currency, which made the money shortage of the Tang Dynasty more and more serious.

The money shortage was serious, and the imperial court was helpless.

can only continue to do both money and silk, or even money and food. Silk, cloth, grain, these things have also become a substitute for money, and even gold, silver, and pearls are used as money. But in many places, people still have to barter.

However, in the past few years, the rise of Li Ji Qian Zhuang has become a clear stream.

Merchants and ordinary people have become accustomed to the banker notes they issue, and even use them directly as money. At the end of the year, the treasure banknotes launched by Lee Kee were very popular as soon as they were launched.

Treasure banknotes have a fixed denomination, which is more beautiful and durable, but also more difficult to imitate, and at the same time easy to recognize.

In addition, Li Kee's strong credit has made not only the industries under Li Kee's name collect treasure banknotes, but now many other shops that are not Li Kee have also begun to accept treasure money payments.

In a short period of time, treasure banknotes have become popular.

Even many merchants took the initiative to put out notices and give priority to accepting payment in treasure banknotes.

Because the treasure money is light, it is undoubtedly more convenient than copper coins, and even more than silk silk. The copper coin is heavy, and the silk silk occupies the space.

Previously, the Li family took 13 million bills to the imperial court, and Li Shimin sent these bills as the salaries of the hundred officials and the military salaries of the forbidden army.

At first, everyone was a little worried about using paper as money.

When the banknotes arrived, they immediately began to buy them for fear of smashing them. Then they found that the treasure money was very easy to use, easy to carry, and no one refused to accept it.

If you usually go out to buy things and bring a few pieces of money, you have to carry a bag on your back, which weighs more than ten or twenty pounds. But now, a few pieces of money are just a stack of banknotes, just whatever you want.

It is more convenient than gold and silver coins, after all, a gold coin is also one or two weights, sixteen is a catty, and there are not many gold and silver coins after all.

Outside the car.

The palace is also full of lights, which is very festive.

From time to time, I saw the palace attendants passing by with lights, talking and laughing.

"Wenyuan, I'm waiting for you." Sun Wuji, the prince of Wei, stood at the door of the Lizheng Palace, smiling and welcoming guests on behalf of Li Shimin.

Li Chao smiled, "Let me wait for a long time." ”

After entering the palace gate, it was not far inside, and the prince Chengqian stood there waiting.

They entered the main hall together.

It was warm in the temple.

Xiangyang is in the center of the world, in fact, it can be regarded as both the north and the south, and the winter here is actually much colder than Chang'an, and even brings a bit of dampness and cold.

When the curtain was lifted, the warmth in the room suddenly hit.

"Wen Yuan, come, sit, today's table of dishes is prepared by the queen herself, we are blessed." Li Shimin stood there and greeted with a smile, after coming down from the Great Imperial Court, he had already changed his clothes, and he was wearing a bright yellow woven gold dragon robe. It's not so formal, but it's majestic.

"Cooking such a thing, in fact, it's good to leave it to the minister." Li Chao cheered up, no matter what kind of banquet this day is, he can't avoid it anyway.

Empress Changsun is dressed in a water-blue palace dress, which is very graceful.

"I learned all my cooking skills from Wenyuan's recipes, and today I can count it as a class axe."

Li Shimin beckoned Li Chao to sit down.

The queen instructed the palace people next to her to pass the food.

"Wen Yuan, the Li family's treasure money is really unexpected, I never thought about it before, this small piece of paper is actually related to the stability of the imperial court."

Li Chao glanced up at Li Shimin, as soon as he came, he set such a high tone, it seems that it is difficult to get out easily today.

"Li Kee's treasure banknotes are not money, just to facilitate the settlement of merchants and stores under Li Kee's name, and the internal circulation coupons."

Li Shimin's eyes rolled.

"But it's not so simple, many ministers said to me, in fact, the imperial court can issue treasure money, with treasure money instead of copper money, so that there will be no money shortage in the world, and in the future, the court will collect treasure money as a tax, and also use treasure money to pay military salaries. Merchants and ordinary people can also be more convenient. ”

"Your Majesty, the full issuance of treasure banknotes is not so simple. In the final analysis, treasure money is a substitute for money, and it is not money itself. Because the banknotes themselves are not valuable, they are not as valuable as the gold, silver and copper coins themselves. Therefore, in order to issue treasure money, the premise is that there must be enough copper coins, silk silk, and even gold, silver, and grain in the treasury. ”

Li Chao is not alarmist in these words.

In fact, in this day and age, there are very few people who really understand the economy.

There are even fewer people who can understand the relationship between money and the economy and commodities. At the beginning, a small number of people may have a good idea of it, but in the end it is still difficult for them to control it for a long time.

In the end, it is that they can't control the threshold of over-issuance in the end.

And once a large amount of paper money is overissued, it will inevitably depreciate, and finally there will be no credit, and then it will be finished.

"Wen Yuan, tell me what kind of issuance charter is made for Li Ji Qian Zhuang Bao Banknote?"

At present, for every 100 yuan of Li Kee banknotes, 25 yuan is used as the reserve, and the reserve ratio is 25 percent.

To put it bluntly, the treasure money at this time is not currency.

It is a kind of bill, which is equivalent to the original banker's note. The banker notes of Li Kee originally originated from the bills after depositors deposited money in the bank, which is equivalent to a passbook.

It's just that Li Chao knows very well that guests will not withdraw money immediately, especially in the past, when there was a handling fee for depositing money, but Li Ji still has interest on depositing money, many guests will only keep depositing money and withdraw less. Therefore, Li Kee took some of the customer's money to lend money, and collected interest to earn the difference.

Now, Lee Kee has further developed the bill business into a treasure banknote.

In the final analysis, the treasure money in circulation is still the deposit of the guests.

It's just that Li Chao knows very well that when the scale of the bank is larger and the more deposits it absorbs, the more money the bank can temporarily embezzle.

And Li Chao is now tantamount to using depositors' deposits as reserves and issuing treasure money. But his issuance reserve is 205, that is, the actual circulation of treasure money, which is four times the deposit of depositors in the bank.

The treasure banknotes are the bills of those coins in the treasury of Li Kee Money, and without these coins, the treasure banknotes are worthless. Treasure banknotes can be so popular now, convenience is certainly one of them, but more importantly, he can cash in and use it in cash. Li Ji can cash the treasure money into silk silk for the people at any time, and Li Ji will not refuse to accept so many industries under his name.

Li Chao also lobbied other merchants to accept Li Ji's treasure money, and was even willing to give them some discounts.

It is precisely because of the credit guarantee and the ease of use that the treasure banknote is now used as a coin.

"Your Majesty, the treasure banknotes issued by Li Ji are held every three years. After three years, the old banknotes are out of circulation and need to be exchanged for new ones. In addition, there is a strict limit on the amount of Li Kee Po banknotes, which must be guaranteed by reserves. ”

Li Shimin smiled at Li Chao, "I know that your reserve ratio is two into five. If you have two or five copper coins, you can print ten treasure money. Wen Yuan, I have to say, you are a genius. In the past, you opened a money bank, and you used to save money and give interest to attract people to deposit money in your bank, and then you used the money to lend money and borrow chickens to lay eggs. ”

"Now you are even more powerful, take the money deposited by the depositors in your bank to issue treasure money, take two and five dollars and you issue ten banknotes, doesn't this mean that you have made four times as much money as you have changed hands?"

"Wenyuan, I now have gold, silver, copper, silk, etc. in my left collection at a price of 50 million yuan, and I will hand it over to you Li Ji. You give me 200 million yuan! ”