In the city of Xi'an, the Yamen of the Governor of Shaanxi has now become the office of the cabinet of the Western Wei Dynasty.

Gao Yihuan and his entourage, back in the cabinet, the yamen was full of officials coming and going, looking crowded and busy.

Xi'an suddenly became the capital of the Western Wei Kingdom, and within a few months, the various yamen of the central government moved into the city, and they could only be crowded together.

Although the conditions are very difficult now, Gao Yihuan feels that it is still necessary to move the capital this time.

Xi'an is suitable for building a capital, and at the same time, the territory of southern Henan and Huguang has been stabilized, and placing the capital in Xi'an is conducive to his rapid stabilization of Guanzhong.

At this time, the group entered the yamen and walked to the meeting hall, on the way Lu Yifang explained the matter of paper money, "King, there are treasure banknotes and salt citations, and the issuance of silver tickets has not been smooth from the beginning. The feudal government promised that it could be exchanged, and at the same time, merchants could also pay taxes with silver tickets, and some merchants reluctantly accepted it because of their feelings, but it was always only circulated between merchants and feudal governments. Originally, this batch of silver tickets has maintained a one-to-one exchange ratio. Recently, because of the war, there was no money exchange in Xi'an, and as soon as it fell, it was not collected. ”

Gao Yihuan remembered that Japan's Meiji Restoration, which cost two yuan to change the yuan, only took three years, and one tael of silver was magnified by the Bank of Japan by 20 times, and the leverage was increased by 20 times, so that the Japanese economy could take off, solve the funds needed in industrialization, and at the same time block the invasion of Japanese finance by foreign banks.

Of course, after the increase in leverage, it also caused the depreciation of the yen and domestic inflation, but Japan finally maintained the exchange ratio between the yen and silver through repurchase.

Economically, it was difficult for the Western Wei Kingdom to surpass Nanjing, so it was very important to establish a modern financial system and unify the currency.

Of course, Gao Yihuan now understands that the key to currency lies in credit, and only with credit can we increase leverage, play financial games, and stimulate the economy.

Now Gao Yihuan doesn't expect this to be done in a few years, but the results that have been obtained must be kept.

In addition to the fact that silver bills can make business more convenient, he mainly wants to use paper money to increase leverage to solve the financial dilemma of the Western Wei Kingdom, as well as to value the modern financial system and its ability to stimulate and regulate the economy.

"Let the household department set up a positive money bank in Xi'an to recycle banknotes. As much as there is, they will recycle as much as they want, and let the people and merchants exchange paper money for silver, until they are soft-handed, and they believe that the feudal government can exchange it at any time, as long as they don't change it, the paper money will be stable! Gao Yihuan frowned, and said as he walked: "Now there are only 500,000 taels of stalls, and it is relatively easy to clean up, and the household department must stabilize the confidence of banknote holders in paper money." If we want to issue paper money, we must remember that faith is more precious than gold. ”

Lu Yifang said: "The minister understands! It's just that this banknote is recovered, so isn't the previous effort in vain? ”

Gao Yihuan stopped his steps and said with a smile: "How can it be in vain? When the value of the banknote is stable, the household will continue to issue more! ”

As soon as the value of the currency is stable, it will continue to be issued, and then repurchased, little by little, and quietly add leverage, which can alleviate the financial pressure of the Western Wei State.

Gao Yihuan instructed again: "This Wang Jingzheng Money Village, the household department must be done well, and the location is in the most prosperous East Market, don't care about regulations, it must be big enough, grand enough, and it doesn't seem to be short of money." ”

Lu Yifang nodded, indicating that he could understand what Gao Yihuan meant.

If this matter can be done well, it can indeed solve the financial shortcomings of Wei and let the paper money contribute to the struggle for world domination.

As long as the people's confidence in the silver ticket is established, the Wei State needs 2 million taels of silver to fight a war this year, and the household department only has 1 million taels of silver deposited, and the household department will put 1 million taels into the Zhengqian Bank, double the leverage, issue 2 million taels of silver tickets, maintain the war, and after the war, occupy new land, the finances will improve, and then make a return, and take back the extra paper money, which can solve the financial problems of the Wei State.

For another example, if the imperial court wants to open a mine, or a businessman wants to set up a cotton cloth workshop, which requires capital investment, and the money village does not have so much cash, it can also increase leverage, put more paper money, let the mine and the workshop run up, and when the money is earned, the money can be returned to the money bank.

This is to use monetary policy to stimulate the economy, of course, this leverage can not be added casually, nor can it be added all the time, we must consider the market's affordability, and according to the market situation, tighten the currency, remove leverage, and ensure smooth operation.

If it is done well, it will be able to speed up the country's development, and if it is not done well, the market will not be able to bear it, and the paper money will flood the gold mountain and collapse like a golden yuan coupon.

Now there are only 500,000 taels of silver tickets on the market, and Gao Yihuan believes that a maximum of 200,000 taels of silver tickets can stabilize the value of the silver bills.

But it is not so simple to build confidence and make the market accept it completely.

Silver bills have been in circulation for nearly three years, and the main reason why they have not been circulated on a large scale is that the question of who will supervise the increase in leverage has not been resolved.

Big businessmen and wealthy people, I don't know how much leverage you will add, whether you will repurchase it, if you keep issuing additional money, no matter how nice it sounds, it is just another treasure banknote.

After so much time, Gao Yihuan already had an idea, that is, to separate the money village from the household department, recruit nobles, merchants, and gentry to become shareholders, and at the same time prepare special legislation.

The leverage is handed over to the money bank, and the feudal government needs money, so it is solved by the money bank issuing bonds.

This is a very huge job, now for a while, can not be completed, Gao Yihuan is ready to deal with the matter of the money after the wedding, and at the same time integrate all walks of life in Wei, so that businessmen can set up industry chambers of commerce to boost the economy of Wei.

With that, the group had already arrived at the council hall and began to discuss the issue of the imperial examination.

At this time, everyone was in the meeting hall, and Gao Yihuan asked: "How many scholars from the Western Wei Dynasty are there to participate in the imperial examination this time, and how many people are from Jiangnan and the Manchu Qing Dynasty?" ”

Li Yan said: "In this imperial examination, our scholars from the Western Wei Dynasty accounted for seventy percent, the scholars from Jiangnan accounted for two percent, and the scholars from the Manchu Qing Dynasty accounted for less than one percent. ”

Saying that, Li Yan continued: "The problem now is that the scholars in the south of the Yangtze River, although there are only two percent, but their level is much higher than that of our scholars in the Western Wei Dynasty. The minister is worried that these two percent, I am afraid that they will occupy half of the list, and our scholars in the Western Wei Dynasty will definitely have grievances and want to raise criticism. The imperial examination is the fairest system for electing officials in the world. If I can't be fair and just in the Western Wei Dynasty, it will chill the hearts of scholars all over the world. ”

Gao Yihuan frowned, judging from his experience, Jiangnan is prosperous, not to mention half, more than half is possible, I am afraid that even if there is a palace test to adjust the ranking, it will still cause criticism.

Gao Yihuan groaned for a while, "The imperial examination must still be fair, otherwise it will affect the reputation of the Lone King and the feudal mansion." In this way, in addition to using the palace test to adjust this time, Guozijian selected the top fifty people from the Western Wei scholars who fell off the list, and then took the opportunity of the marriage of the lonely king to give them the treatment of jinshi. What do you think? ”

Li Yan nodded, "This method is feasible!" ”

Gao Yihuan said: "The cabinet will discuss it, and let's implement it like this!" ”

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(End of chapter)