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When Yuming seized Liaodong, he was also trapped by the lack of currency in circulation in the market, especially under the blockade of Yang Guang, copper coins were very scarce. The transactions of various ethnic groups in Liaodong are mostly settled in money, and bartering is also very common.

So, under these circumstances, Woomyung ordered the gold and silver seized in Goryeo, Je, and Silla to be minted with gold and silver coins to make up for the lack of copper coins.

In this way, the difficulties of money circulation in the market are well alleviated. After he marched into the Central Plains, this practice was brought to Hebei, Shandong, Hedong, Henan and other places, and it also achieved good results.

The eldest grandson Wujian frowned and said softly: "Your Majesty, the currency we minted." There are copper, silver, and gold coins. One silver coin is exchanged for the usual copper coin, and one gold coin is exchanged for ten copper coins. However, due to the low value of copper coins, and the number is too heavy, it is inconvenient to carry, so when bulk merchants trade, gold coins and silver coins are still used. However, in today's market, there is no difference between the use of gold and silver coins and the direct use of gold and silver bars. It's all a lack of money supply anyway! ”

Yu Ming was also slightly surprised: "In the past, when we were in Liaodong, the shortage of money supply was due to Yang Guang's blockade of us. Now that our army has occupied half of the world, and has started trade with Japan, Nanyang, Dashi and other countries, the money supply should be relatively sufficient, right? How can there be a shortage of gold, silver and copper coins, and prices will fall? ”

The eldest grandson Wujian sighed: "After marching into the Central Plains, the money supply of my Great Zhou is only better than when I was in Liaodong. Although the total amount has increased, the number of people and places using the new currency has also increased significantly. Therefore, copper coins and gold and silver have always been in short supply, and the same is true of the Tang Dynasty and the Jianghuai Army, which is not unique to my Great Zhou. The concubines also said in the historical records that during the reign of Jing in the Western Han Dynasty, due to the abundance of products, dou rice was only worth a few dollars. It seems that in a prosperous era when the country is peaceful and production is developed, low prices are the norm, right? ”

After hearing about it, Yuming recalled the historical knowledge that later generations knew, and he also thought it was true.

For example, during the reign of Xuanzong of the Tang Dynasty, the Food and Goods Chronicle of the New Tang Dynasty recorded: "The sea is rich, the price of rice in Beijing is eleven, and the rice in Qing and Qi is only money." ”

You must know that dou rice is only copper coins, and at that time Japan was rich in silver, and a Japanese merchant could exchange a few ingots of silver for tens of thousands of catties of grain in the Tang Dynasty! This also reflects the irrationality of prices at that time.

By the time of the Song Dynasty, it was also faced with this problem. And the overseas trade of the Song Dynasty was more developed. Although the imperial court has been minting copper coins, it seems that it will never be able to meet the needs of the market. This is also one of the reasons for the world's earliest paper money exchange, which was produced in the Song Dynasty.

In ancient times, China accounted for more than half of the world's GDP for a long time, but China's share of the world's gold and silver production was very low. Therefore, the dynasties before the Song Dynasty could only use copper coins as the main currency for a long time, supplemented by gold and silver. Whenever there is a prosperous era in the country, production and trade are developed, prices will be unimaginably low.

It was not until the late Ming Dynasty and early Qing Dynasty that China began to engage in maritime trade exchanges with the West. The large amount of gold and silver plundered by Western European colonists from the American continent was alleviated after the trade surplus flowed into China.

Yuming also knew that the Great Zhou had always encouraged the development of industry and commerce and adopted a mercantilist national policy. To develop domestic and foreign business transactions. If there is a constant shortage of money, it will lead to a contraction of market transactions and a fatal blow to production and trade.

Now, it seems that more gold and silver money can be put on the market to reverse the current fiscal crisis.

After Yu Ming thought for a moment, Fang suddenly had an idea and thought of Jiao.

If the Song Dynasty could issue an alternative currency, why couldn't the Zhou Dynasty?

So, he smiled slightly, and said to the eldest grandson Wuji: "Wuji, you don't have to panic about this matter." This time the southern expedition to the Jianghuai Army. We have captured a large amount of gold and silver treasures from the Jianghuai army in Baling City, and after you take this wealth to the market and sell it, I believe you will be able to raise enough food, grass, baggage, weapons and equipment for this northward battle......"

Eldest Sun Wujian nodded and said, "If that's the case, you can naturally deal with this attack." But what about the future? The problem of insufficient money supply has not been solved! ”

Yu Ming said unhurriedly: "Wuji, you are also in a hurry!" I'm not done yet...... Of course, I know that this batch of gold and silver treasures is only a way to treat the symptoms and not the root cause. The key is to solve the problem of insufficient gold, silver and copper coins. And I have already thought of a solution to this problem, and that is to issue banknotes! ”

"What? Folding money? When the eldest grandson heard this, he was also surprised.

"Yes! We can issue banknotes of equal value to the gold, silver, and copper coins that are currently in circulation. My initial idea was to issue ten types of banknotes, including one cent, two cents, five cents, one dime, two dimes, five dimes, one dollar, two yuan, five yuan, ten yuan, twenty yuan, fifty yuan, and one yuan. The unit of banknotes is progressively ten cents and ten cents is one dollar. ”

The exchange ratio of paper money and gold, silver and copper coins is: one penny paper money is exchanged for one copper coin, ten yuan paper money is exchanged for copper money, that is, a silver coin, and one yuan paper money is exchanged for a gold coin. And the printing of banknotes must be very careful, and precautions must be taken to prevent others from printing counterfeit money! After that, Yuming explained some anti-counterfeiting measures in modern banknote printing in combination with the characteristics of this era.

When the eldest grandson heard this, he was even more surprised. She lowered her chin and thought for a moment, then Fang asked with some confusion: "Your Majesty, listening to what you said, it seems that in terms of anti-counterfeiting measures for printing banknotes, it can prevent others from counterfeiting." But how can you ensure that others use paper money? After all, anyone would be willing to keep gold, silver and copper coins in their hands, rather than keep a large number of notes in their hands! ”

Yu Ming had also thought about this question a long time ago. He immediately said: "In fact, there is no need to worry, the imperial court can announce when issuing paper money: paper money can be exchanged for the equivalent value of gold, silver and copper coins at the Ministry of Finance at any time, and they can exchange as much as they have at the Ministry of Finance." I think the merchants and surnames should still have some trust in our Great Zhou court! ”

"It's hard to say!" Hearing this, the eldest grandson Wujian couldn't help but smile bitterly: "This involves his own interests. I'm afraid that no matter how loyal they are to you, and no matter how much they support the Great Zhou court, they may not be able to accept it calmly. Moreover, if the exchange between paper money and gold, silver and copper coins is really released, where will the imperial court get so much gold and silver? ”

Yu Ming smiled slightly: "Wuji, I didn't say that it will take a lot of time for you to start announcing the issuance immediately, designing the coin style, preparing a large amount of cash, and preparing gold, silver, copper coins and other hard currencies for exchange." If I really start implementing this plan, I will have to wait until the end of the Northern Expedition. But now you can start preparing. We will set up currency exchange and issuance outlets in all counties of the country! ”

After that, he combined the characteristics of the bank in later generations and some precautions in the issuance of currency, and gave an explanation to the eldest grandson Wuji.

The eldest grandson Wujian was dumbfounded when she heard this, she never expected Yuming to be so proficient in finance and coin issuance. I haven't seen him study this aspect before!

Naturally, she couldn't imagine how the information and knowledge of later generations exploded. The amount of information that each person receives is 10 million times greater than that of ancient times. Some fields that have never been touched before can also be found on the Internet. I can't say how proficient I am, but it's not much of a problem to get a preliminary understanding.

"Your Majesty, since this is the case, the concubine will discuss this matter with Lord Du, Lord Fang and Lord Wei tomorrow. If we can really successfully issue banknotes, it will definitely reverse the current financial predicament of our big week! The eldest grandson Wujian was also a little excited, and his eyes flashed.

She had studied finance and arithmetic for many years, and although she did not estimate how much the issuance of paper money would have subversive changes in the daily life of the surname and commercial trade, she also saw the benefits to the imperial court. At least when it comes to paying officials' salaries, there is no need to worry about the treasury running out of money.

"Hmmm! Come and accompany me tonight! At this time, Yu Ming gently hugged the willow waist of the eldest grandson Wuji, and said with a wicked smile: "We can exchange more thoughts on this in bed, I haven't talked with Sister Wujian all night for a long time......"

The eldest grandson Wujian couldn't help blushing, raised his pink fist and hit him on the chest a few times, and said angrily: "Your Majesty, you are really necrotic!" On the surface, he is talking about serious things, but secretly he wants to do that bad thing! ”

"Haha! What's the bad thing? It's normal for me to sleep in the same bed with my concubine! Yu Ming laughed, then picked up the eldest grandson Wujian, and then took a big stride into his bedroom.

On this night, the spring is boundless......

……

Early the next morning, the Great Zhou court held the first court meeting after the Southern Expedition.

At the court meeting, Yuming listened to the reports of the ministers, and gave a brief introduction to the situation in the central court and various localities in the past six months. In addition to the financial problems mentioned to him yesterday by the eldest grandson, the most alarming thing is that the issue of land annexation has begun to appear. Especially in Hebei, Shandong, Hedong and other places, it is very serious.

Originally, most of the landlords in these places were killed in the peasant uprising at the end of the Sui Dynasty, and their fields were confiscated by the Zhou army, and then distributed to the displaced people and the generals of the army. But as time passed, the displacers began to divide.

If the family has sufficient labor and produces more food, life will naturally be relatively rich. They were desperate to buy more land. And those who lack labor at home will naturally have a more difficult life.

In particular, some military dependents whose husbands died in battle. With the loss of male laborers in the family, a woman alone cannot cultivate much land. They had no choice but to sell their land in exchange for some money to support their families.

However, the family's land was limited, and after the sale, they had to sit and eat, and it was not long before they fell into a worse situation and became servants.

...