The clipper ship with a speed of up to 14 knots when downwind greatly shortened the distance of the world, and the Safavid Empire's mission took the clipper ship and arrived at Daqin after more than a month of sailing.

Because the Safavid Empire was a country established by the Persians and ruled the ancient Persian region, the people of Great Qin still habitually called this country Persia.

Of course, this first time came, only the messenger of Abbasid II came, and the Persian princess did not immediately send it.

They are also a big country, and they agree to make peace with the princess, which is the usual means of political marriage.

But the political marriage can only be carried out if the Emperor of Great Qin has the right words, and if only one of the generals of Great Qin sends the princess over immediately, it will not be a harmony, but a hostage from the defeated country to the victorious country.

The trade agreement drafted by the Ministry of Household was handed over to Qin Mu's desk by Xu Yingjie, the left attendant of the Ministry of Households, before the Persian envoy officially entered Beijing.

It still takes up a lot of space, but in terms of actual trade terms, it is very level;

Some of the terms seemed to give the Persians a great advantage, and only those who were very well versed in the conditions of the two countries could see that in fact, in the long run, they were beneficial to Great Qin.

For example, there is a clause that determines that Persia can charge a 5% tariff on Daqin's tea, while Daqin will impose zero tariff on Persian carpets.

The two commodities are the fist products of the two countries, and this is indeed the preferential treatment given by Daqin to Persia, which seems to be a great advantage for Persia.

But when it came to real trade, the Persian Empire could not take advantage of it.

First, Daqin does not lack raw materials for the production of carpets, and the country can produce them;

If you find some Persian skilled craftsmen, combined with Daqin's weaving skills, Daqin's carpets will not necessarily be worse than Persia's in the future.

Again. Carpets are luxury goods that are in limited demand.

And tea is not only a luxury, but also a necessity of life.

Some high-end teas can be worth dozens of Persian carpets.

Ordinary tea is one of the indispensable necessities of ordinary people's life. Seven things to open the door, firewood, rice, oil, salt, sauce, vinegar and tea.

Moreover, Persia does not produce tea, and Daqin's tea has no competitors in Persia at all, and its demand is completely different from that of carpets.

Therefore, this clause is a deliberate attempt to give some preferential treatment to Persia and win the name of benevolence and righteousness, but in actual trade. Daqin did not suffer. Persian gold and silver will continue to flow to Great Qin.

This agreement can be said to have allowed Daqin to gain both face and lining, and the Persians lost the trade war, and there is nothing to say, because you are not as competitive as others, who is to blame?

"Very well, let's talk to the Persians like this."

"Yes, Your Majesty."

Qin Mu put down the agreement and asked Xu Yingjie, "Xu Qing." What happened to paper dragon coins? ”

At present, there are two main types of currency in Daqin, paper dragon coins and silver dragon coins, collectively referred to as dragon coins.

Conversion of hard currency to credit currency. This is a necessary trend in history, so no matter how difficult it is, Qin Mu must also promote it.

Xu Yingjie said happily: "Your Majesty, now the credibility of paper money has been established. In the market, many people would rather ask for paper money than collect silver coins. The reason is that there are more and more bad coins in the silver coins circulating in the market. Many silver coins have been scraped off, and there is an explicit wear and tear, and the people are worried that they will lose money by taking these bad coins, so they would rather have paper money, because paper money is now more popular than silver coins in the market. Based on this, the minister thought that it was time to gradually recycle silver coins and issue more paper money. ”

Hard currency, can never avoid the problem of bad money chasing good money, a good silver coin, to the hands of the people, there is always a greedy person to scrape off some silver dust from the silver coin, and then spend the silver coin.

In this way, the more silver coins he handled, the more silver dust he scraped off, and the sand accumulated into a tower, always a windfall for nothing.

If you scrape a little, I scratch a little, and the silver coins that were originally good will be insufficient, and the good coins will be less, and they will all become bad coins.

Paper money does not have these problems, you tear off thousands of small corners, and the sum is worthless, naturally no one has the idea of playing paper money.

In the past few years, the total amount of banknotes issued by Daqin is no more than 2 million.

This is a very small proportion compared to the hundreds of millions of total currency in circulation in Great Qin.

There is no indiscriminate issuance, and the imperial court has been supporting paper money in recent years, you can use paper money to pay taxes equivalent to silver coins, and you can exchange the equivalent value of silver coins at any time at the bank.

After several years of perseverance, he finally slowly won the dependence of the people.

Now because there are more and more bad coins in the silver coins, when the bank receives the silver coin deposit, it will use the balance accurate to the number of grams to pass the more silver coins through the scale, each silver coin is originally 7.25 money weight, what is your total weight, then divide the total by 7.25 money, as your actual deposit amount.

In this way, those who deposit silver coins tend to suffer a loss. This makes many people reluctant to accept silver coins when trading, and accept paper money with good reputation without worrying about losing money.

At this point, Qin Mu also thought that the time was ripe for the issuance of additional banknotes, so he said: "Then in this way, the bank will take back a silver coin, and issue an additional banknote, and take it slowly, in a step-by-step process, and gradually replace the circulation of silver coins with paper money." ”

Xu Yingjie said: "Your Majesty, this is definitely not a problem, now most people come to the bank to withdraw money, all ask for paper money, because the number of paper money is scarce, it is difficult to meet the demand, many businessmen for convenience, would rather use more silver coins to exchange for paper money."

Now there are even people in the market who are willing to exchange 102 silver coins for 100 banknotes. In this case, if it were to be implemented at the rate of recovering one silver coin and issuing more banknotes than usual, I am sure that there would be no problem. ”

Qin Mu asked casually, "What about foreign trade?" ”

Xu Yingjie immediately replied: "Your Majesty, this is not a problem, merchants go to sea to trade, if they need hard currency, they can first take the paper money to the bank to exchange it for silver coins, which does not prevent them from trading with foreign merchants." ”

Qin Mu said: "To trade with foreign merchants, you can't use paper dragon coins, this is not a way after all. Xu Qing, in countries like the imperial court and Japan, haven't branches already been set up? It is necessary to accelerate the circulation of paper money in these countries. ”

"Your Majesty, my Daqin's silver coins are very popular in Korea and Japan because of their good condition, but if the paper money wants to win the dependence of the people of these countries, I am afraid it will take a long time, and there is no way to do it."

Is there really no way?

Qin Mu recalled the US dollar in the 70s of the 20th century, which was originally issued on the basis of gold reserves, and people took the US dollar to the bank and could exchange it for the equivalent value of gold at any time.

But because of the Vietnam War and other reasons, by the early seventies, the gold reserves of the United States had dwindled dramatically, and they were no longer enough to cope with the run. The U.S. government had no choice but to announce the decoupling of the dollar from gold.

As a result, the US dollar became an ordinary legal tender and no longer a currency issued on the basis of gold reserves.

So how can the dollar guarantee its credibility and keep countries accepting it?

Countries are reluctant to use the dollar, and then the dollar's world currency hegemony collapses.

At this critical juncture of the dollar's survival, Nixon and Kissinger came up with a solution.

Kissinger immediately flew to Saudi Arabia and assured Saudi Arabia that the United States would guarantee Saudi Arabia's security at the expense of the OPEC oil producers led by Saudi Arabia and that oil transactions must be settled in US dollars.

If you want oil, you have to ask the United States for dollars to settle the settlement, so that the hegemony of the dollar in the world will be maintained.

Thinking of this, Qin Mu felt that he had received some inspiration, did he order that a certain commodity must be settled with banknotes issued by Daqin at the appropriate time?

Does Daqin have a product like oil, which is necessary for all countries in the future?

Even if there is, I'm afraid it's not that simple, right?

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(To be continued......)