Chapter 273: Currency Reform Shocks the World (I)
[The first time I tried to prevent piracy, there were a lot of problems, and the author will work hard to improve, and I will send it out together at six o'clock in the evening tomorrow on the third watch]
On the northern battlefield, the armies of the Chinese Empire advanced steadily, burning, killing, and looting everywhere they passed, but these things were mainly done by the co-subordinate army, and the regular army was only responsible for capturing Russian villages, towns, and fortresses. Pen & Fun & Pavilion www.biquge.info
There is an empire. The indulgence of the army and the "evil deeds" committed by the co-conciliators show how much the Mongols living in Russia hate the Russians and are eager to eat their flesh and drink their blood.
Towards May, four more cavalry divisions were reorganized and entered the territory of Russia, and the Russian army had already entered the western Siberian region, and a major battle of great attention was about to break out.
On May 1, the Imperial Cabinet of China, in accordance with the will of Emperor Yan Xueyi, officially announced the beginning of the reform of the currency system of the Chinese Empire.
Governments at all levels in the empire had already received orders in advance, and immediately after the arrival of May 1, notices were posted at important locations, and the governments of various towns and towns were also ordered to reach the villages under their jurisdiction, so that all citizens of the empire knew that the empire was carrying out currency reform.
One of the most important points of the currency reform of the Chinese Empire is that after July, the use of gold, silver, and copper coins as trading currencies will be prohibited in the empire, and only the newly issued Chinese coins will be used as trading currency.
The precious metals and original banknotes in the hands of the imperial citizens can be exchanged at the branches of the Royal Bank in various regions and exchanged for a new version of the Chinese currency, and now there are a total of 5 billion Chinese dollars scattered to the branches of the Royal Bank throughout the country, waiting for the exchange of the people.
The exchange period is two months, during these two months, the precious metals can also be exchanged for Chinese dollars, one tael of silver can be exchanged for ten Chinese dollars, once two months have passed, these precious metals can not be used as trading currency in the empire, and their value will decrease to a certain extent.
However, there is also a problem, as a place of exchange, the Royal Bank branch is currently only open in the county-level area, you must know that some people rarely leave their villages, at most they have been to towns, and the county has basically not been there, after all, the distance is relatively far, and no one will run so far to the county seat.
In order to solve this problem, the Royal Bank branch sent a number of working teams to the town, and with the cooperation of the town government, built a simple exchange office, so that the people living in the countryside could exchange their precious metals into Chinese currency.
Starting from the original name of the Royal Bank, the banknotes issued by it are very exquisite, which can be called works of art, and the Yan's money is the largest money in the country at that time, countless people exchange the silver in their hands for banknotes, which is convenient to use, after all, it is too troublesome to use silver as a transaction currency.
After that, Yan's money bank was transformed into a royal bank, with the word royal, everyone knew that this was the emperor's industry, and the credibility increased significantly, and the people of the empire preferred to use paper money, and paper money was widely circulated and used in the empire.
Now that the Royal Bank and the Imperial Government have joined forces to carry out currency reform, if the Empire does not care about the precious metals in the hands of the people, and directly begins to ban them, and only uses Chinese currency, then the currency reform will definitely be resisted by many people, after all, no one wants their wealth to be worthless one day.
However, the Royal Bank and the Imperial Government gave a certain period of time to allow the people to exchange the precious metals in their hands for equivalent value, and in addition to the currency reform was personally ordered by the Emperor Yan Xueyi, the governments at all levels brought a certain compulsory tone, so that all the citizens who heard the news went to the Royal Bank with their precious metals in their hands to exchange them for Chinese currency.
On the first day, there were relatively few people who exchanged Chinese currency, only more than 100 million Chinese dollars were exchanged, and since then, the number of Chinese dollars exchanged has increased every day, in addition to the merchants who have exchanged large amounts of precious metals in their hands for Chinese currency, there are more people who follow the trend.
From the very beginning, the head of the Royal Bank, Yan Daofu, knew that the exchange points in the urban areas would be busier, after all, the population living in the countryside was far more numerous than the population living in the cities, but he did not expect the situation to be more tiring than expected.
Many rural people do not even have a tael of silver in their hands, and the money in their hands is calculated according to copper coins, ranging from dozens of copper coins to thousands of copper coins, and the staff at the exchange place need to carefully count the number of copper coins so that they can be exchanged for Chinese coins for the common people.
One person has so many copper coins, and how many copper coins will there be for tens of thousands of people in that town, which is an incomparably huge number.
The staff of the Royal Bank had to ask for help from the local government, and the town government sent government staff to help them take the inventory, so that the exchange could be carried out faster.
The most Chinese dollars exchanged by the common people in the countryside from each household were less than ten Chinese dollars, which represented the current situation of the rural people in the Chinese Empire, and it was enough for them to have enough to eat, and there was not much money in their hands.
However, the residents in the city are different, and most of the families have more than 10 yuan of money in their hands, and there are countless hundreds or thousands of yuan.
However, in this currency reform, some families who were originally inconspicuous in the local area were able to come up with a large amount of silver and gold, and it is said that almost all of these silver and gold were handed down from their ancestors, and if there were no special circumstances for future generations, they could not take out these silver and gold.
It's just that the empire is carrying out currency reform, and silver and gold will not be of much use in the future, and it will be useless to keep them, so it is better to exchange them for Chinese currency and store them directly in the Royal Bank, and there is no need to worry about these wealth, for fear of being found by others and finding wicked people.
A large amount of silver and gold were gathered from the people to the Royal Bank, which is probably only a part of the wealth hidden by the people, and the real wealth is not known how much.
Then some families who originally lived relatively ordinarily became 10,000 yuan, 100,000 yuan, or even million-dollar households in an instant, which can be called the level of a rich man, the current situation of the empire has stabilized, and they no longer need to worry about killing because of the exposure of wealth, citizens' property is sacrosanct, whoever dares to infringe on it will be punished by law, and at this stage, the empire treats those who violate it severely, and no one dares to violate the law easily.
In the Siqi area, 10,000 yuan, 100,000 yuan, 100,000 yuan, and 1 million yuan households are not uncommon, and Siqi has developed five years longer than other regions, and a large number of wealthy people have emerged, and even tens of millions of yuan households have appeared.
During the Manchu Dynasty, many of the wealth of the rich was obtained by oppressing the common people, and the Chinese Empire replaced the Manchu Dynasty, like those who made a fortune by oppressing the common people were punished by the government, and a large number of rich people fled overseas because they were afraid of the liquidation of the Chinese Empire, and the rich people of the Chinese Empire except for the four provinces were greatly reduced.
However, with the development of the Chinese Empire, there will be more and more rich people in the future, as long as there is courage and some opportunities, anyone can become rich.