Chapter 760: Borrowing Money to Do Business Again (Part I)
Zhao Ding nodded solemnly, but still said with a worried face: "The manpower problem has been solved, but I still have a difficult matter, that is, the dragon coin minting is not available for circulation at all." Today, the Hunter Valley mints 10,000 silver coins a day and its corresponding size coins, but only in the three provinces of Bianjing, Henan, and Shanxi, the amount of dragon coins reported for exchange every day is as high as 100,000 yuan. Taifu, it's not that I'm incompetent in this matter, it's that my casting ability is limited, I don't know what to do! ”
The ability to mint coins is insufficient, and Liu Xing has already thought of this matter. But what Liu Xing didn't expect was that now that he has determined the silver standard system, the first listing of Long Yuan has not only not been resisted by the people like the currencies of the Great Song Dynasty in the past, but on the contrary, it has been so sought after by the people of Guangda.
In Shanxi, where Liu Xing started, many Jin merchants now moved out all their belongings, and even sold some antiques and used them to exchange old money and foreign gold and silver for government silver in various places to exchange for dragon yuan. There are also many Jin merchants who do not seek cash for interest, and treat the dragon yuan as a kind of collectible to exchange.
In Henan, which is now the most rapidly developing commercial transit and the largest distribution center for various materials and goods, because there are a large number of forwarders who go back and forth, those forwarders are also extremely optimistic about the future of the dragon coin, just like the Jin merchants.
Led by the forwarders and echoed by other local merchants, the dragon coin was also rapidly popularized throughout Henan, making the government-run silver account busy with the exchange every day.
As the center of the entire Northern Dynasties, Bianjing City has gathered businessmen from all walks of life, and wealthy people from all over the world are now rushing to Bianjing City to purchase industries.
What is the reason for the rush of merchants and wealthy people into Bianjing? It was those businessmen and wealthy people who firmly believed that if the current Great Song Dynasty asked where it was safest, only Liu Xing used the six armies in front of the palace to guard Bianjing City.
Because today's Dianqian Division is completely different from the forbidden army of the Great Song Dynasty in the past, today's Dianqian Division of the Sixth Army can be called the elite of the elite and the trump card of the trump card in terms of equipment, soldier quality, and overall combat strength.
When many people were chatting in private, they now dared to raise their heads in disdain, pointing to the north and saying: No matter how good Hu Lu is, he wants to break through the border army of the Great Song Dynasty. No matter how brave the Tartars are. As soon as the forbidden army's firepower was fired, it turned into a revenant soul in an instant......
A large number of businessmen and wealthy people poured into Bianjing, so that in just a few months, Bianjing City quickly changed from the previous scene of withering after the war to the hustle and bustle of Jingzhao.
At the same time as this scene was formed, compared with Shanxi and Henan, the enthusiasm of the people in the capital to exchange dragon coins was even higher.
Just a few days ago, Liu Xing even saw a piece of news from the secret report of the Military Intelligence Department, saying that a half-mile road exchange passenger brigade was once discharged in front of the gate of the Industrial and Commercial Bank of Xizhi Sandao.
The branch office of the Industrial and Commercial Bank has insufficient reserves of dragon coins. When it was approaching evening, there was a stir about the exchange people besieging the silver number and not allowing it to be closed, and queuing for several nights just for the exchange......
The demand for money was so great that the mint in the Hunter Valley could not be expanded due to limited land. Even if there is land, the equipment that Liu Xing has developed with the knowledge brought by later generations cannot be built and put into use within three or five days. Without the equipment, it would be impossible to quickly increase the amount of coinage.
There is a more important point for the reason why the amount of coinage could not be expanded, that is, the silver standard system determined by Liu Xing and the current reserve system determined that as long as the royal silver number did not have corresponding reserves, it was absolutely not allowed to forcibly issue more silver dollars, large and small coins.
These principles were set by Liu Xing, and Zhao Ding was also clear. He brings it up now. In fact, the original intention was to hope that Liu Xing would temporarily abandon that principle, build a new site, and increase the amount of coinage to meet the huge demand for dragon coins.
The thoughts in Zhao Ding's heart, Liu Xing had already heard when he opened his mouth through mind reading. After hearing his thoughts, Liu Xing couldn't help frowning and fell into deep thought.
Abandoning the principle and increasing the amount of coinage first can alleviate the current pressure of circulation and exchange, so that the hearts of those who have money can be stabilized. But what if there is a run or something like that? It is still more ordinary people who have no money to suffer, and it will directly harm the interests of the military class and bureaucratic groups.
Military politics is the foundation of the country, compared with those rich people who are now willing to show their wealth to rob the dragon coin. They are the cornerstone of national stability and social development. For their sake, Liu Xing knew that he was absolutely unbreakable and reckless.
Rich people have sprung up like mushrooms after a rain. And that's a good thing. It's just that this good thing has now brought too much pressure and trouble to the Ministry of Households and the Financial Authority.
What can be done to get the rich people who pop up out of nowhere to divert their energy from the dragon coins? Only by allowing that group of people to divert their energies from the dragon coins is the best way to relieve the pressure on the HKMA and the Ministry of Accounts without undermining the principles.
Thinking of this, Liu Xing's mind suddenly flashed a kind of securities that were widely known in later generations and were issued by many countries......
As soon as that kind of securities flashed in his mind, Liu Xing immediately showed a bright smile.
Looking sideways at Zhao Ding, Liu Xing smiled and said, "Do you want to let those people under you continue to be the same Yali Mountain?" ”
Yali Mountain is big? When Zhao Ding heard such a strange word, he was puzzled at first, but immediately understood the inner meaning from the homonym.
He nodded heavily. He said: "Of course I want to, but I have no good solution, and I only hope that Taifu will increase the amount of casting." ”
Still smiling brightly, Liu Xing said: "In the name of your Financial Authority, a decree will be issued, which will say that the Great Song Dragon Coin firmly implements the reserve system. There are not enough reserves to expand the amount of coins issued for a small coin. Those who have money want dragon coins can. Then please buy my Dasong Financial Development Bond first. ”
The words stopped slightly, and Liu Xing showed a strange smile: "First let them use real money to buy my Great Song Financial Development Bonds, increase the total gold and silver reserves of the Royal Bank, and I will naturally expand the issuance of dragon coins to meet their exchange needs." It also allows all government offices to post notices that those who purchase 1,000 gold bonds can exchange 100 dragon coins in cash, except for those who have less than 15 dragon coins per person per month. ”
"What do you mean that in the future, those who exchange more than fifteen dragon coins in a single month will not be able to exchange them if they do not buy the kind of financial development bonds you mentioned? Only allow the people to meet their basic daily needs, and exchange fifteen dragon dollars per month alone? After listening to Liu Xing's words, Zhao Ding asked with some astonishment and some surprise. (To be continued.) )