Wei Zheng spent a lot of effort on this matter, and he was also very satisfied with his achievements.

Tai Chi Hall, Li Yan's office.

Wei Zheng and Gao Jingming came to see Li Yin together

Wei Zheng first reported on the compilation, censorship, and distribution of the newspaper, as well as the repercussions in various localities. The publication of Datang Daily has achieved very good social results.

Gao Jingming reported on other effects brought by Datang Daily.

Gao Jingming said: "Your Majesty, the publication of Datang Daily has brought 245367 jobs to the 768 prefectures of Datang, and has led to the development of related industries such as papermaking, printing and transportation, and the imperial court has also increased new tax revenues. To such a national industry, engage in more, although the household department is busier, the minister is also willing. ”

Li Yin praised their achievements, and then said, "You have come just in time, I just have something to discuss with you." ”

Wei Zheng asked, "Your Majesty, what's the matter?" ”

Li Yin said, "I'll talk about it later." Then, he shouted outside: "Yang Kang, you send someone to find Ma Zhou and Li Ning'er." ”

Soon after, Li Ning'er and Ma Zhou came over.

What Li Yin wants to talk to them about today is about the currency change.

The currency in circulation in Datang is copper coins, which are still more suitable for paying small transactions, but when used to pay for large transactions, there are disadvantages of using copper coins first.

Not to mention anything else, the palace has to use a horse-drawn cart to pull a large box of copper coins to buy vegetables every day. For merchants, it is even more inconvenient. They traveled long distances, often needing to pull whole wagons of copper coins, and for large caravans, it was common to need several wagons or even more to transport them. Not to mention the fact that it takes up a lot of manpower and material resources, the safety issues along the way are also worrying.

The storage of copper coins is also a big problem, and there are several large warehouses dedicated to storing copper wire, which is very troublesome to count. To put it mildly, someone stole some of it, and if you want to find out how much is missing, you have to check it for ten days and half a month.

Another huge problem with using copper coins is that it takes a lot of copper to make copper coins. Datang's copper production is limited, all walks of life need a large amount of copper, and the production of copper coins is limited, which can no longer catch up with the needs of Datang's rapidly developing economy.

The household department has repeatedly approached Li Yin to ask for an increase in the supply of copper materials, and there have been many disputes between the household department and other departments.

Li Yin said: "I have summoned you here today to study the issue of monetary reform. ”

As soon as he said this, Gao Jingming had already begun to complain, and proposed to increase the supply of copper materials to the household department and increase the amount of copper coins minted.

Li Yin said: "Let this problem go for a while, this is not the fundamental way to solve the problem.

My opinion is that gold and silver should be introduced into circulation, and the ratio of payment for gold, silver, and copper coins should be 50,000:1,000:1. This increases the money supply and means of payment, reduces the size of the money used for payment, and makes it easy to carry. ”

Gao Jingming said: "Your Majesty, the minister has already had this idea, if this is the case, it will be much more convenient." ”

Ma Zhou said worriedly: "However, this issue needs to be cautious, there is no such precedent in the past, whether the people can accept it or not, I am afraid that a lot of work needs to be done." ”

Wei Zheng said: "This is not a problem, this matter, there is no problem of competing with the people, originally there were customary gold and silver transactions among the people, as long as the imperial court stipulates the exchange rate, the people should be acceptable."

Besides, don't we still have Datang Daily? ”

As soon as he mentioned Datang Daily, Wei Zheng's face was full of pride, and he said: "Let's publicize it in Datang Daily, and we will be able to promote it soon." What he said makes sense, Datang Daily has a great influence, and the people have confidence in the imperial court and are very convinced of the propaganda of Datang Daily.

On the issue of the payment ratio, everyone disagreed, and after full discussion, Gao Jingming's opinion was finally adopted, and the ratio of gold, silver and copper coins was 30,000:1,500:1.

Ma Zhou proposed that, for the sake of ease of use, gold and silver should not be exchanged for weight, but should be made into gold and silver coins according to the corresponding weight. Everyone agreed.

Next, Li Yin proposed the concept of banking, and he first popularized the knowledge of banking to the important ministers of the Tang Dynasty.

The ministers were amazed by Li Yin's whimsical ideas, and they also saw the benefits of this move for the imperial court to control the country's finances and help to develop the economy of the Tang Dynasty. It was agreed that the issue should be explored in depth.

Originally, Li Yin also wanted to propose a paper money system, but this was a bit too big. For many areas of society that are still in the stage of bartering, paper money is likely to not get the support of the people.

Li Yin proposed a transitional method and implemented the silver ticket system.

Gao Jingming first expressed his approval, and he immediately pointed out that this is a very remarkable move, and in the case of the country's implementation of the banking system, as long as the bank is set up, there is no need to carry a large amount of physical money, which is really convenient.

Ma Zhou also agreed. He said: "The minister is responsible for taxation, twice a year the tax from the field to be transported to Chang'an, the amount is huge, not only the loss of a lot of manpower and material resources, on the road for fear of accidents, every time at this time, the minister can not sleep, with the bank and the silver ticket, when the time comes, all over the country to send people to carry the silver ticket, not visible mountain and water leaky to Chang'an, it is too convenient."

Your Majesty, the minister praised the emperor's proposal. ”

Ma Zhou was a little excited when he said it.

After full discussion, Li Yin decided that Li Ning'er would resign from the post of deputy director of the Datang State Administration of Taxation and assume the post of president of the newly established Datang State Bank, responsible for the preparation of the Datang State Bank.

After Li Ninger took office, she convened officials from the Ministry of Industry and the Ministry of Commerce and some businessmen for a discussion, which was unanimously recognized by everyone. Merchants were particularly interested in the silver ticket system, which greatly facilitated the long-distance trafficking of their merchants.

With the efforts of Li Yin and the courtiers of the Tang Dynasty, the development of the Tang Dynasty is changing with each passing day, and the whole country is full of vitality.