The first set of currencies that crossed the regime was thus determined. () All other tickets shall be voided at the same time as the currency is issued. Vouchers, which were widely used in communes, were recycled in proportion to the amount of food exchanged.

"Do you want to set up a bank to take care of this?"

"Absolutely." Cheng Dong said, "But for the time being, it will not appear in the name of a bank or a bank." ”

The institutional vision of the Fiscal and Financial Commission is to establish a grain bank that will be responsible for the issuance, recovery and exchange of currency. Since grain is used as collateral for currency issuance, the grain bank can make ordinary people understand a little more clearly than the bank, and it also puts on a layer of disguise of "businessmen spontaneously raising money".

This grain store was proposed by Wen Desi to be named "Delong Grain Company". The headquarters office of the Bank is located in Dongmen City. In order to give the people a sense of credit for big business and big shops, the Executive Committee approved the construction of a new two-story building as a business location.

The new version of the banknotes was printed by the printing house of the Propaganda Department in charge of Zhou Dongtian. Because this is the first set of banknotes of the traverser, it cannot be as simple as the printing of labor coupons, rice stamps, and salt stamps in the past. Not only should it be beautiful and durable, but it must also have certain anti-counterfeiting measures.

Zhou Dongtian found Bai Duolu and Tan Ming. Let's study this problem together, one of them has engaged in printing, and one has opened a three-color printing press, both of which are professionals, and when it comes to printing, it is more profound than Zhou Laomao, who knows everything.

Of course, there is no special banknote printing paper, and the Traverser's small papermaking workshop now produces raw edge paper - made of local straw, and the texture is rough and can only be used as toilet paper. A small number of writing papers were also produced that did not meet the requirements of banknotes. Cheng Dong said that there are some heavy color cardboards in the inventory, the texture is stiff, whether it is paper or color, it is impossible to imitate the papermaking workshops in this time and space. Lingao grain circulation coupons are divided into 3 different denominations, which are 10 yuan, 5 yuan, and 1 yuan. Among them, 10 yuan is yellow paper, 5 yuan is red paper, and 1 yuan is green paper. Coins are also issued: 50 cents, 20 cents, 5 cents and 1 cent. All of them are blue paper, distinguished by size.

The design of the banknote is mainly based on agricultural themes, including ploughing cattle, farmers, ears of wheat and rice fields, etc., and the issuer is "Delong Grain Bank", which is also printed with the seal seal of Delong Grain Bank, and a signature of Cheng Dong. There is also a line of regular script on the back of the banknote: "Each yuan is allowed to exchange for one pound of rice."

These patterns were all printed by Bai Duolu in lithographic color - although. However, Zhou Dongtian began to want to use the four-color printing machine in the printing house, but the ink of the printing machine was not in stock, and it was not replenished for a while. When they saw the sample tickets, several people thought it was too ugly - the pattern really didn't have a three-dimensional sense at all.

"So be it." Cheng Dong looked at the sample of the ticket sent and knew that the printing house was also. It's a bit of a level: it's obviously impossible for them to print the same thing as modern banknotes. This kind of banknote in front of me is already impossible for the locals to imitate.

The largest user of the negotiable voucher is Wu De. Monthly work settlement. That's a lot of money. According to Wu De's vision, the Bairen Commune would completely abolish the supply system and implement a monetized wage system, with each member settled and paid according to the share of work he had earned. The food supply in the commune's cafeteria was also changed to the purchase of vouchers by members.

Those belong to labor. The migrant laborers, who did not have a household registration in the commune, continued to be fed free of charge according to the labour intensity standard, but their wages were also paid by negotiable vouchers - in fact, since not long ago, the crossers had been paid for them with rice and salt stamps, and they accepted the same.

The locals recruited by the traverser's enterprises and departments, the so-called "workers", although they also belong to the Bairen Commune in terms of household registration, but their wages are paid by various departments and have nothing to do with the commune. The food for these people was also paid for at their own expense, as was the case with ordinary communards.

Zuihou is the army, and the army has always paid for military pay in silver, and the officers are opposed to the rash use of paper money as a substitute for silver - this will give the soldiers a sense of deprivation, and the white silver will be turned into pieces of paper, and no one will be happy to exchange them.

Therefore, it was decided that the basic treatment of the army would remain unchanged, that food would be provided free of charge, and that military pay would continue to be paid in silver.

In order to stimulate the use of paper money by military personnel, Cheng Dong suggested that the "military preferential treatment" policy should be implemented in the shops owned by the travelers in Dongmen City. Anyone who uses a negotiable coupon to make a purchase can enjoy a 95% discount on the price. In order to make it easier for them to enjoy this preferential treatment, the grain bank opened a special exchange office in the barracks to collect the silver in their hands - a policy that was only available to the soldiers of the new army.

"Let's just open an office in the camp." Xi Yaya said to Cheng Dong, "In the past two months, the soldiers have taken the silver, and they have been in Tibet, and there have been cases of loss and theft recently. The soldiers are all alone, and there is no place to save money, so if you start a deposit business, they are willing to save without interest. ”

Soon, the offices of "Delong Grain Store" were set up in the Bairen camp and the Bopu camp, and the so-called office was only set aside in the camp for office use, with a wooden counter in it. Store some paper, pencils, books, and other things. Of course, the Financial Commission does not have so many manpower to open the door every day to serve the army, so the regulations are to open the door on Mondays and the day of payroll. There are three types of business: exchange and savings of silver and negotiable coupons, and storage of valuables. However, the so-called savings business currently carried out does not pay any interest, and the savings business of Delong Grain Bank is more like a coin deposit service.

After the service was launched, it was very popular with the soldiers, but not many people came to redeem the negotiable vouchers. After receiving their salaries, most of them hurriedly deposited them in Delong's office and exchanged them for a passbook that was stored close to them. Only those soldiers whose families live locally will exchange some negotiable vouchers for purchase goods to take home when they are on leave.

After the first batch of negotiable coupons was issued, there was no drastic reaction in the market. After all, in the past few months, the people who have been doing business in Dongmen City have been accustomed to the tickets of the traverser, although the types of tickets are different, but there is one thing they know, that is, every kind of ticket of the shorthairs can really be exchanged for things, and it is said that the amount of exchange is how much, and there is no ambiguity. Dongmen Blowing Rain also posted many notices in Dongmen City, asking merchants to accept circulation coupons as one, and at the same time ensuring that merchants can come to Delong Grain Store at any time to exchange circulation coupons for grain.

In order to create the credit momentum of negotiable bills. Every evening before the market closes, the East Gate blows rain and Delong's people, pushing carts full of rice and redeeming negotiable bills one by one. In the first few days, almost everyone will take out the circulation vouchers they receive and redeem them. But half a month later, very few people have done so. After the merchants and vendors got the vouchers, it was not convenient for them to carry the grain on their backs, so they chose to consume the vouchers directly in Dongmen City: they used them to buy various goods in the market. Although the merchants at first carefully considered exchanging the negotiable coupons for grain or other commodities and preserving them, over time, when the merchants found that the Delong Grain Store was still open to exchange negotiable coupons anytime and anywhere, many began to partially keep the negotiable coupons in their hands - after all, paper money was much more convenient to carry and use than heavy copper coins and silver. The messy copper coins, the confusion of fineness, and the silver that was often weighed made the merchants complain early on.

However, the circulation scope of the negotiable notes is basically still in the control area of the traverser, and even in the county stores and markets that are a short distance away, the shop owners generally have a wait-and-see attitude towards this kind of banknotes.

However, Cheng Dong believes that this is a normal situation, and that paper money is largely supported by the government's credit. Most of the banknotes of modern time and space are issued unsecured - in this respect they are worse than the Lingao negotiable bills that use grain as collateral. Where the shili of the traverser reaches, where can the value of the negotiable voucher be recognized. Until the traverser does not have enough political and economic influence, people outside the ruling zone will naturally not recognize it.

One of the things that needs to be straightened out is the currency of the traveler itself: the unit of distribution of benefits enjoyed by the traveler as stipulated in the crossing convention - bonds.

Although bonds have entered circulation as a form of capital and have been consumed in the process of setting up women's cooperatives, they are still a virtual currency. When the traveler spends money in the welfare cooperative, the payment of coupons is in the form of a signed payment, and the date and amount of the consumption are shown on the receipt. On the day of the financial settlement, the accountant of the financial department manually deducts the points from the personal account on the computer. Not to mention the cumbersome procedures, it is easy to make mistakes.

Now Cheng Dong suggests: a part of the bond issuance is materialized, no longer just as a currency on the computer. Traversers' salaries, perks and bonuses for dangerous occupations can all be paid with physical bonds. Bonds can only be used to purchase special goods and services, and are not allowed to be circulated to the public. Bonds can currently only be used in the Traverser's Cafeteria, Women's Cooperative, and Nanhai Demonstration Farm. Bonds do not have a horizontal relationship with any currency, and there is no exchange rate. Unified payment and recovery by the Financial Commission.

It has been suggested that since bonds have become materialized, the supply system can be abolished among the traversers and a salary system can be adopted. However, after discussion, the Executive Committee decided to continue to maintain the system of supply for all traversers. The Executive Committee continued to provide free housing, medicine, food, basic weapons and ammunition and clothing to all travelers. However, traversers are allowed to use bonds to purchase additional consumer goods, including alcohol, tobacco, and other non-essential consumer goods, from the above three designated units. If the supply in the canteen is sufficient, you can also buy more chicken, duck and fish from the canteen to enjoy.

Bonds are the only currency that travelers can legally hold, and they are not allowed to possess Lingao Circulation Coupons and gold or silver unless the mission requires public funds.