Chapter 108: Exchange Rate
[800β small Γ· said β.], wonderful free reading without pop-ups!
After capturing several cities, Mei Xiaohan made a decision that surprised everyone, he decided to close the city and cut off all contact with the outside world.
Of course, before making this decision, Mei Xiaohan tentatively opened a small window, which means that it has not completely cut off contact with the outside world. Meicheng, which was originally part of Yangzhou, and six other named cities, are now under Mei Xiaohan's rule.
This kind of attitude of accepting when you see a good thing can not but be said to be a wise choice, now Mei Xiaohan has enough land, although compared with the Great Song Dynasty, the six cities captured by Mei Xiaohan are really small and pitiful compared to them, but their strength is not what it used to be.
The banknotes that were burned by the fire brought Mei Xiaohan labor pain, but this labor pain was quickly covered up by a succession of good news. Six cities, millions of people, and fertile land are all proud capitals.
Soon the person who burned the banknotes was caught, and he was an old man who voluntarily surrendered. Mei Xiaohan was surprised that this old man dared to surrender, and at the same time she admired it very much.
The traditional court was converted into an office space, and the way in which prisoners were tried changed, but prisoners still wore handcuffs and anklets. Lao Tzu held his head high and seemed to ignore everything in front of him.
Mei Xiaohan desperately wanted to know who it was and dared to do this. The old man didn't say a word, his face full of disdain.
"Master Mei, this matter is all done by the old man, I have nothing to quibble!"
Mei Xiaohan walked to the old man's side very politely and said, "Your fire is so good!"
Mei Xiaohan not only did not punish the old man, but praised him, which made him a little puzzled.
"You're making fun of the old man, aren't you?"
As soon as this fire burned, some people were happy and some were worried, and it also made Mei Xiaohan see clearly which people supported the monetary reform and which people actually opposed it.
Because every reform will cause damage to many vested interests, and the old man in front of Mei Xiaohan does not look like a rich man, although there is a bit of scholarly air in his words and deeds, but he is definitely not a character who has seen a big scene. For such a person to be able to do something earth-shattering, there must be an unknown reason behind it.
"You're the only one who did this?"
"Yes, this matter is indeed what the old man said, you should kill me quickly!"
Mei Xiaohan knew that even if she killed him, she would not get any benefits, but would lead to the emergence of public opinion. However, this matter must not be left alone, and must be investigated in depth.
"The crimes you have committed, killing you 100 times is enough, if you can take the initiative to confess, you may be able to spare your death."
The old man said, "I wonder if Master Mei has ever known how many things can be bought with a copper coin on the market?" β
Mei Xiaohan said: "I naturally know this, a copper coin can buy a baked cake." β
The old man said, "Yes, it is true, but a note of the smallest denomination can only buy half a baked cake." β
The price of copper coins and paper money is not equal, which is unacceptable to many ordinary people. And this matter was also what Mei Xiaohan did not expect, when he issued banknotes, he did not seriously consider the issue of exchange rates. Because I was in a hurry to achieve results, I didn't get the results I wanted.
Now he finally knew what it meant.
The banknotes placed on the market are one dollar, two dollars, five dollars, ten dollars and twenty dollars. And there is no smaller denomination than the one-dollar banknote, which leads to the one-dollar currency has become the smallest denomination, and a biscuit burner needs to exchange for one yuan, and the biscuit that can be bought with a copper plate in the past now requires a one-dollar banknote, and the more fatal problem is that the exchange rate between the banknote and the copper coin is not fixed.
There is not much excuse for risking the burning of these banknotes, because these banknotes have a serious impact on the lives of ordinary people, and the banknotes that should bring convenience are stuck at the exchange rate.
People preferred to use silver rather than this kind of banknote, whose value was too high to provide protection to the merchants, and its disadvantages soon became apparent.
When paper money was burned, it became the mainstream currency in people's lives, and although it was inconvenient to carry, the common people felt that it was a real thing. Monetary reform is not as easy as it seems.
This fire not only burned all the unissued banknotes, but also woke Mei Xiaohan up. Because he understands that he can't come too violently if he wants to reform. The original intention was to bring convenience to the local people's lives, but the result was the opposite, which has gone against the original intention.
As a result of the impact of paper money, the prices of some "commodities" were fluctuated, which was unthinkable in ancient China, an agrarian society. The price of salt, in particular, fluctuates several times a day. Some speculative traders, so they make a lot of money.
When it comes to salt, it's iron.
The "salt and iron official camp" began with the Han Dynasty, because salt and iron are important strategic materials, and they must not be let go of private operations.
If a person does not eat salt, his limbs will be weak and unable to engage in productive labor, and if a soldier does not eat salt, he will have no combat effectiveness.
If it is monopolized by salt merchants, then salt merchants can control the country's economy and even the country's strategic direction by adjusting salt prices and salt distribution at will.
Since the beginning of the Han Dynasty, the government has set up a salt transportation yamen, and the salt made in the salt field is transported to various places by the salt and iron transshipment to be sold by authorized dealers, and the whole country is uniformly distributed and sold at a unified price, and it is strictly forbidden to increase the price and hoard. Moreover, there are several salt merchants in each county, just to prevent the monopoly of salt.
Although the official salt is all cheap salt, the profit is very low, in the Tang Dynasty, a stone of salt was only sold for 20 wen,
Due to the huge sales of salt, the overall profit is considerable. So some people took the risk to make and sell smuggled salt.
The salt number of salt merchants is concentrated in the county seat, and salt merchants are not allowed to open branches and expand their business at will, so there is a very market for private salt in remote villages without salt numbers.
Salt is not expensive, but once it is monopolized, it is equivalent to a person being choked by the neck, which is fatal.
When the price of commodities fluctuated in the market, many black businessmen began to smuggle smuggled salt, bought back a large number of copper coins, and speculated the price of copper coins back and forth. After learning this information, Mei Xiaohan felt the seriousness of the problem, all his previous assumptions were too naΓ―ve, and the real problem he was facing now was a big mess.
"Let it go, it's not him who is the problem!"
Mei Xiaohan let go of the old man, and did not blame him for the problem, but fell into deep thought, what to do next.