and King Xian made the stakes clear, and Bailiyan put out the two strategies of printing money tickets and leaving enough to give up.

"The widow has heard from the Xuanting Hou Mansion that the Xuanting Hou and the widow's nephew both feel that it is feasible, but how to reconcile the full amount, and the Yongxing Hou can take a countermeasure?"

"Back to the king, leaving enough to give up the lack can solve this problem, and at the same time supplemented by gold and silver anti-counterfeiting, in the future, there will be a traitor who is short of two, which can be identified at a glance."

"Anti-counterfeiting? What is anti-counterfeiting? King Xian asked.

"The so-called anti-counterfeiting is to attach light and dark marks to the utensils to identify. And this time, the method of shortening the two catties is to corrode the means, so the Yongxing Chengli Gong faction has been studying the method of anti-counterfeiting.

But at present, the ministers are still worried about one thing, to use the money and gold and silver equally, and implement the law of leaving enough to give up the shortage, it is necessary to consult with the vassal states, especially the Liang State, which has the right to decide on the public instrument measured by the world, and the ministers see the meaning of the Ligong faction, and have no intention of establishing a new one.

Therefore, if we want to avoid losses, we have to persuade all countries as soon as possible, especially the four countries of Jin, Zhi, Changsun, and Liang, the total trade volume of these four countries accounts for 60% of the total amount of the Central Plains.

Therefore, the minister suggested that the minister go to the prince's mansion tomorrow to discuss the matter with Xihuan and Yin Yangjun, and the king discussed with the cabinet about the method. ”

"But how do you think that the Jin Kingdom has made a lot of profits in this matter."

Indeed, this time the full amount was changed to a short amount, so that whoever has a sufficient amount of gold and silver in his hand will benefit, and he who has a shortage of gold and silver will suffer. Therefore, Jin, Zhi, Liang and our Xianguo will benefit from this, and those who make profits from it will suffer huge losses. Therefore, the king should also be aware that between the second half of this year and the next year and a half, there may be a war because of this. ”

"Yes, how is Aiqing going to deal with it?"

"Because it is our country's proposition, most of the first battle came to our army, so the minister has ordered Yongxing City to prepare a gun model, just wait for the appropriation to be in place, and expand the production of new 645 artillery at any time."

"Okay, when the Inner Dynasty passes the decision, the widow will immediately transfer two million gold and silver treasures from Qianfang for Yongxing to cast new cannons."

"King Shengming!"

After the overall improvement of the finances of the Xianguo, the central bank reserve system began to be implemented, and after the accounts of the precious metals obtained by the treasury were written off at the end of the year, some of them entered the inner government of the Xianwang Dynasty, and most of them went to the money shop for savings and lending and minting new coins.

The gold and silver obtained by the Department of Taxation and the Inner Government were exclusively used for the savings of the Xianwang, and all the Singapore dollars obtained by the Department of Taxation and the Inner Government were rushed into the treasury and deposited in the money mill. Over the past few years, combined with the trade surpluses of the previous years and the war reparations of that year, the amount of precious metals in the actual savings of the Xianwang and the treasury was staggering.

In addition, the three marquis mansions have their own reserves and deposits, in a sense, Xianguo is now the treasury of the entire Central Plains, even if it loses hundreds of thousands of dollars every year, it can be compensated for several years.

Due to the fact that precious metals are more in and out of less, the market is relatively scarce of precious metals, the value of the new currency of Xianguo has risen rapidly, and at the same time, there has been no trade deficit caused by the high exchange rate, on the contrary, benefiting from the strong industrial capacity of Xianguo, Xianguo has always controlled the three major commodity markets of high and low, and the demand for domestic commodities in foreign markets has further stimulated the demand for the new currency of Xianguo, so the official credit content of the new currency of Xianguo has risen.

In addition, Bailiyan also used some unsavory tricks to collect the inferior gold, silver, and copper alloy coins issued by various countries into Yongxing City, and smelt them to recover precious metals, thus further reducing the number of new coins issued by other vassal states in the market, and creating opportunities for the currency of Xianguo to flow abroad.

Of course, the other vassal states also thought about it, but the smelting technology was far inferior to that of the Xian country, and in the end all they got was a lump of metal.

With the smooth circulation of new currency, it has become a new trend to settle ordinary goods with new money, and internal procurement has also begun to use more new coins and less copper coins and old coins.

Although the smelting of platinum-based copper-nickel-iron-based alloys is extremely difficult, the decline in iron prices has greatly reduced the cost, and the price of the new 645-year-old six-kilogram alloy gun is lower than that of the 637-year-old carbon steel gun.

In the final analysis, it is the popularization of large-scale blast furnace and converter steelmaking methods that have greatly reduced energy consumption and man-hours, while production can be increased, and the improvement of mineral mining technology has further reduced the cost of ore raw materials, which has led to a much lower cost of new alloys.

When he left the palace, it was already past the time, Baili Yan rushed to Qianfang non-stop, Qiao Lian stayed in Qianfang day and night and waited for the results of the daily scales, and lost tens of thousands of gold and silver every day, for Scrooge, it was no different from killing him.

"Son-in-law, you can be counted as here, in just the past few days, the gold and silver in the treasury have been reduced by more than 40,000, how can I explain to the king!" Qiao Lian jumped to his feet anxiously, and he hadn't seen it for a few days, and there was another handful of white hair on his head. In other words, thirty years ago, 40,000 gold and silver was enough for Qiao Lian to earn seven or eight years.

"Father-in-law, let me ask you, are the full amount of gold and silver separated from the lack of gold and silver?"

"It's all separated, and I'm thinking about spending it out with a short catty and two pounds first, and pressing it in the vault in full, so that I can avoid some losses."

"It seems that my father-in-law has also thought of a way to deal with it."

"But this can only be a momentary urgency, and now the city is full of storms, I'm afraid that it won't take a few days for big depositors to come to the door to withdraw gold and silver, and to withdraw in full, which makes me feel at ease."

"Father-in-law, don't panic, from tomorrow, the full amount of gold and silver will only enter and not leave, and the shortfall of gold and silver will be paid out first. At the same time, I ordered Yongxing City, department stores, and various local markets and closed markets to raise prices by one percent, and the shortage of gold and silver can solve the urgent need. ”

"Hiss......" Qiao Lian's eyes changed greatly: "This method is good, but the short catty is short of two but buys the full amount of goods, so as soon as the price rises, the position of the short catty and the lack of two catties will be eaten again." ”

"Yes, and in the future, the gold and silver will be recalculated and set up new rules for gold and silver shortages of two catties, so that whoever has pure gold can reap the harvest."

"Wonderful, wonderful, this method is wonderful. In this way, the full amount of gold and silver can be refined again, and the price rises again, not only will it not lose but it will be profitable. ”

"That's right, tomorrow's cabinet discussion, father-in-law and brother-in-law may wish to discuss it together, and make it clear what is at stake, I think there are a lot of people in the Manchu Dynasty who have enough gold and silver, once this law is implemented, they can all benefit, and most of them will not object."

"What if there is a run?"

Bai Liyan thought for a while, and said when he was young:

"If the cabinet can pass tomorrow's court meeting, it is bound to release news to the foreign court for public discussion, and I expect that most of the foreign courts will not oppose it, and as long as the foreign court does not oppose it, there will be no huge run. In addition, it is also necessary to stabilize the big merchants in the city and the merchants who are attached to each family.

As long as they can be convinced, even if there is a run, the scale will not be too large, and the father-in-law can lend eighty percent of the short amount of gold and silver, and two percent of the full amount of gold and silver. And inform the drawer that from tomorrow, all new deposits in the money shop will be weighed in full gold and silver. The more you take in this way, the greater the loss. ”

The biggest natural enemy of banks is the trend of runs, especially at the moment when communications are not developed, once there is a run in various places, it will not only hurt the finances, but also hurt the value of the new copper coins abroad.

After all, the total value of precious metals is not large, and the total amount of copper coins in circulation is the majority, once there is a run on precious metals, causing fluctuations in the exchange rate of the new currency, and other vassal states will take advantage of the situation to snipe the new currency of the Xian country, and the loss will be incalculable.

At that time, the loss of blood in the economy of the salty country, the decline of national strength, and the chaos in the market will further stimulate the covetousness of various countries for the industries of the salty country, and may eventually trigger a large-scale anti-salty alliance, taking advantage of the sluggish economy of the salty country, to join forces to carve up the industries of the salty country.

The next day, the court meeting was postponed to noon, and the cabinet first discussed the two matters of printing and distributing money tickets and leaving enough houses, and the prince, Gao Xun, Nuo Yiyan, Ding Yanghou, Zhao Xun, Lu Gao, Li Xu, Xuanting and his son were all present, and at the same time Bailiyan rushed to the prince's mansion to see Xihuan

In view of the shortage of gold and silver, Xihuan canceled the spring Liuhu tour plan and waited in the prince's mansion to watch the changes. Knowing that Bai Liyan came to the door in person, Xihuan was shocked:

"He wasn't there last time I invited him, and he didn't come after he returned to the city, and today he won't be in the door with the prince. General Ji, do you think Bailiyan already has a countermeasure? ”

"With Bailiyan's character, he will not give in easily. If he has a countermeasure, it must be beneficial to my Jin country, and it will also be beneficial to Xianguo, otherwise it will be unfavorable to Jin country, and he will not come in person. If it is not good for Xianguo, he will not come in person. Therefore, it can only be returned if it is beneficial to both countries. ”

"In that case, how should Hongu respond?" Xihuan asked, pacing back and forth, calculating how much it would cost to ask.

Ji Jinsheng thought for a moment and said:

"In the opinion of my subordinates, the two countries are in the same boat, although the damage to the Xian country is great, the damage to my Jin country is not less, if Bailiyan can have a compromise method, the Xian country will benefit, and my Jin country can also benefit. Therefore, the subordinates thought that they might as well see what Bailiyan said first, and if it was profitable, they might as well advance and retreat together.

Anyway, there is Xianguo in front of him, and he has become a meat eater, defeated, and it is not my Jin family that suffers, Zhiguo, the eldest grandson and Xianguo have close trade, and then they will be both prosperous and lossy. If it really comes to the point of mobilizing troops, it is a big deal for my Jin Kingdom to retract, and when all countries are defeated, they will come forward to adjust, and both sides can benefit. ”

"Okay, according to what General Ji said, this palace will go to see him."

Although I don't know what Bailiyan plans to do, decades of intelligence spying have made Ji Jinsheng firmly believe that the Xianguo, which has a highly developed trade, with Bailiyan's temperament, cannot provoke all trading countries because of its own selfishness, and invite the catastrophe, and it is bound to have a way to get the best of both worlds, so that the majority of people can benefit and the mouths of the few people will be blocked.

When Xihuan came to the front hall of the atrium, Bailiyan drank tea and ate snacks without scruples, looking at ease. Xihuan looked at it from the outside, and felt inexplicably angry in his heart.

Hiding the subtle unhappiness on his face, Xihuan Yue stepped forward to greet him:

"The Marquis of Yongxing came to the mansion early in the morning, and the palace was really flattered."

Bai Liyan hurriedly got up and stepped forward to salute:

"Ben Hou has seen Her Royal Highness the Crown Princess."

"Yongxing Hou is exempt."