After the promulgation of the Datang Money Law, the scale of the turmoil caused by it was so large that the feelings of the middle and low-level people were not urgent, because most of the people in this part were peasants, and they watched the sky to eat, and what financial reforms were carried out on it had little to do with him, at most, at most, it was not very convenient to exchange copper coins.

But for the recent rapid development of industry and commerce, the turmoil has been much greater.

Of course, this kind of turmoil is not about a financial crisis or anything like that, as far as the money industry is still in its infancy, it does not have the scale to cause the so-called financial crisis.

The biggest impact is the inconvenience of large payments, and at the same time, because of the difficulty and trouble of the exchange between gold and silver and copper coins, the value of copper coins has directly risen, and the vast majority of ordinary people use copper coins every day, which means deflation, in other words, there are not enough copper coins on the market.

In this regard, the Datang Tax Department also expected it, so when the Datang Money Law was issued, the royal banks around the country were also open at the same time, and a large number of copper coins and silver coins that had been minted in advance were exchanged in the royal banks around the country!

The issuance of currency is also one of the cores of this financial reform!

The currency issued was based on the previous monetary system and reformed.

The Datang currency issued is mainly coins, with a total of six denominations: one tael, five coins, one coin, ten wen, five wen, and one wen.

One tael of them, in fact, is a silver coin minted with reference to one tael of silver, and the silver content is announced as one tael, five coins of silver, and the silver content of five coins and one silver coin is announced, and the silver content announced is one coin.

In other words, one tael of silver coins is equal to ten silver coins!

The three kinds of tenwen, fivewen, and one wen, are used as auxiliary coins, mainly copper, and are made of metal, and the exchange price of silver coins is that one thousand cents is equal to one tael.

In fact, the value of the penny with the lowest value is comparable to the standard penny that is now popular.

However, it is worth noting that these coins were not minted in copper alone, which means that the actual copper content is not par, but a large number of other metals are added.

If the Tang Dynasty does not give regulations, it is still unknown whether the people will recognize these new copper coins, so it is necessary to give official assurances: the above-mentioned silver coins and copper coins can be used to pay taxes.

If people use other types of copper coins, silver bars, gold bars or even other physical objects when paying taxes, they need to be exchanged according to a certain proportion.

Datang issued silver and copper coins, in fact, not simply to unify the currency, but also to make money!

Coinage is actually a very profitable industry, otherwise, why would so many people privately mint silver and copper coins, because it makes money!

How to make money is very simple: the actual value of pure copper contained in a copper coin with a face value of one penny is less than a penny, but in the actual transaction, it is calculated according to a penny.

Here there are price differences, and these price differences are profits.

At the same time, the Tang Dynasty used Datang silver coins and copper coins as standard currency, while other types of silver and copper coins were converted according to the actual silver and copper content.

This in and out, even if the processing cost of casting is added, it is actually profitable.

It's just that each copper coin earns relatively little, but it can't hold up the large amount!

When you make hundreds of billions of copper coins, the profit is huge!

In the same way, minting silver coins is also profitable!

The Tang Dynasty retracted the coinage right, simply put, it collected the profits that originally belonged to the private coinage into the hands of the official!

If this kind of thing is placed in the Ming Dynasty, it is estimated that it will be sprayed as 'competing for profits with the people'.

However, Li Xuan is not afraid of spraying, so the money earned is at ease.

In addition, coinage, in addition to making money, is also preparing for subsequent in-depth financial reforms, especially the issuance of paper money.

In fact, Li Xuan had thought about issuing banknotes directly in this financial reform, but as soon as this idea came out, he was dissuaded by a group of ministers, all of whom were saying, 'Your Majesty thinks twice'.

This is because the current banknotes have already been broken by the Ming Dynasty, and the treasure banknotes issued are flooded, and the official does not admit it, so once the Tang Dynasty issues treasure money, it will basically be considered pit money.

And the beginning of the Tang Dynasty, now doing this, it is easy to cause turmoil and ruin reputation, so Li Xuan simply dispelled this year.

However, although the year of issuing official banknotes has been eliminated, Li Xuan is also ready to find another way.

The Department of Finance does not issue banknotes, this is because the people do not trust the government, and to put it bluntly, the credibility of official banknotes is too low!

But if you change the banknote to another way, for example, to make a silver ticket, then you can bypass this opening.

After all, when doing business, merchants cannot directly bring hundreds of pounds of gold and silver to trade, and many times they directly take out silver tickets to trade.

Those bankers can do this, and the Royal Bank can do even more so.

Moreover, in order to improve the credibility of the silver bills issued by the Royal Bank, the official directly made a guarantee: when paying the Datang tax, the Royal Bank can be used to issue the silver bills.

When the Royal Bank's notes have gained credibility and are widely circulated, they can actually be used as paper money.

Although this series of financial reforms also caused some turmoil and impact, because of the existence of the Royal Bank and sufficient preparations, there was no large-scale turmoil, that is, problems in a few areas, but they were quickly resolved.

But soon, the Department of Finance discovered a very strange thing, after the officially issued silver and copper coins flowed into the market, the waves did not turn out, and then soon disappeared, especially the silver coins, which flowed out a lot every day through the Royal Bank, but there was not much to recover.

Did these coins disappear out of thin air?

However, an investigation revealed that the coins had not disappeared and had been collected!

The reason for the collection is that these Datang silver coins are genuine, well-made, and beautifully patterned, and people think that this kind of silver coin is worth more than those ordinary silver nuggets, so once you receive this kind of silver coin, you don't spend it!

This made the people in the financial department smile bitterly!

Big brothers, do you know that the silver content in this silver coin is not as much as one tael of pure silver, and it is even less than the silver content of the silver bars on the market!

Originally, the people in the Finance Department were worried that the silver and copper coins would depreciate after they were issued, and people did not recognize the face value, but they did not expect it to be welcomed by the people.

What to do?

What else can I do, this is a good thing, a great thing!

Silver coins and copper coins are issued, and then the gold, silver and copper coins on the market are recovered, and then the city silver coins and copper coins are minted.

What, the Mint does not produce enough?

Dilate!

One is not enough, two!

Two is not enough, five, ten!

As the saying goes, you don't make money and don't make bastards!

Later, when the financial department of the Ministry of Taxation reported that it was expected that the profit of minting this year might reach 500,000 taels of silver, Li Xuan and a group of friends were stunned!

This money seems to come a little easily!

Just collect the silver and copper on the market, mint it and then issue it, can you make such a big profit?

If you let the bosses of those money shops know, you will definitely be heartbroken, you fools, with such good channels and technology, only earn 500,000 taels of silver this year? Are you stupid, if you were to replace me, you wouldn't earn a million taels of silver a year, and Lao Tzu would take off your head and kick it for you.

The issuance of currency has made waves, but it has not made much movement, even if it is the opening of the Royal Bank, it has caused too much practical impact, and the only one that has a relatively large impact is those money shops.

However, the money shop is not very developed under the rule of Datang, it can only be said that there is, but it is not the mainstream of finance, so it can't afford to toss the wind and waves.

And those money shops are not stupid, bold, flexible, and full of confidence in Datang all went to get a bank license, and then turned into a private bank, even if they have to pay some deposits, they don't hesitate.

Of course, there are also some timid people who are worried about the end of the Tang Dynasty's money shop and directly changed careers!

Don't be surprised, many of the money shops in these years are actually part-time, and exchange and coinage are not their only livelihoods, many of them are just part-time.

So, overnight, a lot of money shops have directly changed careers, and at the same time, dozens of private banks have emerged to continue to operate, of course, although these private banks have been registered, they are also changed to the name of the bank, but the business model is still the traditional one.

The impact on the Royal Bank is not great, although the Royal Bank has just been established, but the preparatory period has reached more than a year, and in the effective control area of Datang, basically every county will have a branch of the Royal Bank.

This royal bank, at the same time, also undertakes the task of storing official funds, simply put, the local taxes of the Tang Dynasty are directly deposited in the royal bank, even the silver in the treasury is placed in the treasury of the head office of the royal bank.

At the same time, it was stipulated that the salaries of officials of the Tang Dynasty were no longer paid in cash, but were paid in the silver notes of the Royal Bank.

And this method is to preserve the amount of gold and silver in the Royal Bank, because as long as the person holding the silver ticket does not exchange the cash, then the cash will always be in the Royal Bank.

The number of officials is huge, and their salaries are also a huge number, and if the officials spend directly with the silver bills, then the cash can continue to be kept in the Royal Bank.

And these means are all aimed at increasing the gold and silver reserves of the Royal Bank!