Chapter 291: Increasing Money Interest Again
"Who's next?"
"Your Excellency, next, is the Assistant Secretary of the Ministry of Finance, who is here to report on the third currency reform."
"Is that the plan to reduce the value of [meta]?"
The secretary opened the itinerary, checked it, and nodded in response, "Yes, that's it." ”
"Call him in."
"Yes."
Before the people from the Ministry of Finance came in, Chen Xin picked up the information of the assistant minister and looked at it.
At the same time, I felt a little bored in my heart.
The kingdom's economy is in good shape, with tax revenues increasing year by year, but economic policies are constantly changing because of the lack of relevant governance experience.
It's like the currency reform, the first reform, was carried out in the name of Xuan Jun before the founding of the People's Republic of China.
That reform was an overturn from silver to silver dollars, but again, there was no experience, so the kingdom's silver coins only had two denominations, and they were both large silver coins.
Although this kind of silver coin is much easier to use than silver, it is very inconvenient to trade because of the fixed currency system and the high silver content.
Therefore, there was a second currency reform, and the Ministry of Finance reduced the silver content of the silver dollar, and reduced the currency system of one yuan by about half.
In addition, in order to accommodate large transactions within the kingdom, silver and gold coins of larger denominations were also issued.
However, more than a year after the founding of the country, the Ministry of Finance and the Kingdom's statistical agency reported that the prices of industrial products began to fall because of the increase in the Kingdom's industrial capacity.
This phenomenon has a direct impact on the financial aspect, the kingdom's silver coins, the currency system is still too high, and the silver coins in everyone's pocket can buy too many things, and the transaction is too inconvenient.
Thus, there is this third currency reform.
"Are you ready?"
"Yes, Your Majesty, a new set of silver coins has been minted as a sample, and this time, I am here to invite you for a purpose." As he spoke, he handed a delicate wooden box to the secretary on the side.
The secretary handed over the box to Chen Xin.
In the process of Chen Xin opening the box, the Assistant Minister of Finance began to explain: "Your Majesty, our currency reform this time is based on the newly produced press of the Ministry of Industry.
The new press has plenty of power and incorporates a cutting process that allows you to cut parts of any shape from sheet metal at will.
In this way, we put a silver or gold plate on the machine, and then, pressing the upper and lower steel molds, we can bite off a round coin from the metal plate. As a result, the speed of minting is much faster.
The pattern on the steel mold can also be clearly printed on the coin.
The numismatic patterns produced by this technique can be made in great detail, and the jagged patterns on the edges are far more detailed than those of the previous two generations of coins, and they can never be imitated on a large scale. ”
At this time, Chen Xin had already opened the box, and a version of the third-generation coin, shining with a moving luster, appeared in front of Chen Xin.
All coins are printed on the obverse with the value number and the date of the letter, plus the date of minting.
On the reverse side, there are different kinds of clear patterns, and the picture is lifelike, as if it is three-dimensional, which is amazing.
"There are masters in China" Chen Xin sighed, wrote it down in his notebook, found time to meet this master of carving, asked him for advice or two, and improved his painting skills.
Seeing Chen Xin open the box, the Assistant Minister of Finance began a formal explanation: "The value of all our coins is greater than its precious metal content, because we have done experiments in the previous two currency reforms, so this time, we have further expanded this ratio, hoping to get more money from the transaction."
This first coin, with a face value of 1,000 yuan, has a gold content of about 33.33 grams, and the technicians of the Ministry of Industry said that the purity of the gold we use is basically pure gold at the detection level of this era.
However, it turned out that the pure gold coin was a bit of a problem in terms of shape, so we mixed a certain proportion of other metals in it, and fixed the weight of the 1,000 yuan gold coin at 40 grams.
The gold coin with a face value of 500 yuan was halved, and after mixing other metals, the total weight was fixed at 20 grams.
Further down, it's a $100 coin.
Starting from 100 yuan, the material of the next coin will no longer use gold.
The 100 yuan and 50 yuan coins are silver coins mainly made of silver material, and the silver content of 100 yuan silver coins is 50 grams, and the silver content of 50 yuan decreases in the same proportion.
Then, it is a 10 yuan copper coin, under the red copper material, the copper content is also 50 grams, and there is a 5 yuan red copper coin, and the copper content decreases in the same proportion.
Moving down, the $1 coin, we use a copper alloy, and the weight is limited to 25 grams.
These are all large coins, and ordinary people generally do not use them.
Having learned the lessons of last time, we have added a large number of small coins, and we have surveyed the industrial capacity of almost all the surrounding countries, and used a special steel that cannot be produced by other countries as the material for this coin. ”
Hearing this, Chen Xin picked up a dime coin, rubbed it gently, and showed a look of surprise on his face, "You made stainless steel?" ”
The Assistant Minister of Finance was also surprised that this material, which was inadvertently created by the Ministry of Industry, had not been discovered for a long time, and was still in the demonstration stage.
Under normal circumstances, no one would arbitrarily report to the king this kind of thing that is not completely justified and cannot be 100% certain.
It seems that the king's control of the kingdom is far beyond everyone's expectations.
After a moment of slight distraction, the assistant minister respectfully bowed and said, "Your Excellency is wise, although it has not yet been officially named, but according to the characteristics of this kind of steel, it is stainless steel. It's really clear at a glance. ”
Chen Xin moved slightly, "I have already made this kind of good thing, then, it seems that the kettle of the Wang ** team can be replaced."
The kettle made of stainless steel can ensure that the soldiers who have been on the front line for a long time can drink water in clean utensils. This is very helpful for the improvement of the combat effectiveness of the army. ”
Chen Xin turned to the secretary and said, "Write this down and remind me when I meet with the Minister of Industry later." ”
"Yes."
The assistant minister of finance sighed in his heart, the civilian department of the kingdom is really raised by the stepmother, how can there be any good things, all of them are prioritized to equip the army! Wouldn't it be good to learn from Daming's set of noble and martial arts.
However, although he secretly slandered in his heart, he would never dare to really say such words.
Chen Xin believes that the monarch and the minister do not insult each other, he is very generous to all the civil officials, and the officers are still subject to military law, as long as the civil officials are not heinous crimes, he will not do too ruthlessly.
It seems that he treats civil officials very favorably, as if he has a special favor for civil officials. However, the issue of the status of military personnel is in China, and it is Chen Xin's rebellion.
When singing high-pitched, talk about the equality of civil and military affairs, or even the use of civil and military forces to control military force, there is no problem, after all, they are all Chen Xin's courtiers, and they are free of speech.
However, once the civilian officials wanted to seize more power and suppress the army, Chen Xin always stood on the side of the army, and this has never changed.
Moreover, Chen Xin has made it clear that this will not change for a long time to come.
After some bad thoughts flashed slightly, the assistant minister of finance returned to the topic again and continued to introduce the third currency reform to Chen Xin.