[Fifth Update]

In addition to the sharp decline in the price of silver, the price of gold may also fall to a certain extent, after all, the Chinese Empire jumped directly from the silver standard to the credit currency, and did not use the gold standard system in the middle, which will have a certain impact on the world's gold price, but the impact will not be too great. Pen | fun | pavilion www. ｂｉｑｕｇｅ。 ｉｎｆｏ

There were also many advantages to the Chinese Empire's failure to use the silver and gold standards, and once a large-scale financial crisis broke out in the world, the Chinese Empire's economy did not border with the rest of the world, and the financial crisis did not affect the Chinese Empire.

There is another question that needs to be clarified.

The Chinese Empire signed armistice agreements with Britain, France, and Ben respectively, and the three countries gave the Chinese Empire a compensation of 327 million taels of silver.

In fact, there is no need to worry about this, the indemnity of 327 million taels of silver is just a calculated number, and Britain cannot raise so much silver at this time, and if it wants to raise the equivalent of pounds sterling or gold.

Even if it is pounds or gold, it will not circulate to the Chinese Empire, and the Chinese Empire will directly use pounds or gold to buy various goods in foreign countries and ship them back to China when receiving indemnities, and will not really bring the advanced back to China.

In fact, in another time and space, Britain, France and other powers defeated the Manchu Dynasty, and the Manchu Dynasty paid compensation, and the Great Powers directly used the compensation money to purchase various goods on the land of China and transport them back to their own countries, maybe they would make a lot of money by shipping.

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The Imperial Bank, which covered the entire territory of the Chinese Empire, had the right to print money, and together with the other operations of the Imperial Bank, it would be equivalent to the economy of the Chinese Empire being controlled by the Royal Bank.

The Royal Bank pools idle monetary funds and small monetary savings in the form of interest-bearing deposits, and then lends them in the form of loans to those who need to replenish their money.

At present, the most scarce money in the Chinese Empire is the government itself, because the Chinese Empire needs huge funds to support this plan for large-scale construction and development, and at this time, the government can borrow money from the Royal Bank, that is, from the Royal Bank, which does not belong to the imperial family, but to the citizens of the empire.

In other words, the imperial government was borrowing money from the citizens of the empire to develop the country.

There is no need to worry about whether the government has borrowed or cannot repay the money, the bank belongs to the royal family, and the government does not dare not repay the money, and after the government develops the country, the government's financial revenue will be higher and higher, and the government will have money to repay.

In addition, the government can also directly entrust the Royal Bank to issue treasury bonds, and the interest on treasury bonds is a little higher than the interest on ordinary deposits, and with the credibility of the government, the treasury bonds will definitely be repaid.

Especially when it comes to important times such as war, and the government does not have the money to fight the war, the government can issue special bonds to raise funds to support the continuation of the war.

The citizens of the Chinese Empire should have heard of the name of Yan's Qianzhuang, although in other places, the Yan's Qianzhuang branch has been closed for five years, and even the station of the Yan's Qianzhuang branch has been dilapidated, but the future of Yan's Qianzhuang is not weak at all.

You must know that five years ago, the Yan family was the existence of a rich country, and it was the richest family in the Manchu Dynasty.

Now Gan's money bank has "made a comeback", although the name has become the Imperial Bank of China, but it seems that it does not have its name at all, and countless people have revisited the branches of the Royal Bank.

When visiting a Royal Bank branch, there are some people who come across something very pleasantly surprised that they have not yet deposited with the Royal Bank, which has its own account and a significant deposit.

This is no accident.

At the beginning, the Gan's money was empty overnight, and those who saved money in the Gan's money took the Yan's bankbook and banknotes, but there was no way to exchange them for silver, the passbooks and banknotes were like white paper, and some people even burned the passbooks and banknotes in their hands.

Now, Gan's Bank, the predecessor of the Royal Bank, is back, and this is a matter of the credibility of the Royal Bank, so the accounts of the regional branches are five years ago.

However, some of them may have died, and if the court sentenced them to death, then this part of the data can be erased, but those who are innocent and have died, their deposits in the bank will be inherited by their children and grandchildren.

The Royal Bank acted in this way, so that many people felt the sincerity and credibility of the Royal Bank, and they could deposit in the Royal Bank with peace of mind in the future, after all, now the land of China is the world of the Yan family, and the Royal Bank cannot have the same thing as five years ago, and the Royal Bank is the property of the emperor, and the name of the emperor is the real guarantee.

Soon, there was an endless stream of people who came to the Royal Bank to deposit money and take out loans, and some people came to the Royal Bank to exchange the silver for paper money because it was not convenient to use.

The plan of the Imperial Chinese government to abolish the silver standard and replace it with a credit currency was well underway.

At the same time, a new version of the banknote is also being printed.

This time, the bust of Yan Xueyi appeared on the front of the new version of the banknote, and the back of the banknote is still a beautiful landscape painting, and the whole new version of the banknote is like a work of art.

Maybe some people will collect a whole set of banknotes because there is a bust of Yan Xueyi on the banknotes.

The new version of the banknote will abandon the use of the weight units of taels, cents, and cents, and will instead use yuan, cents, and cents.

The exchange rate between the new banknote and the old banknote of the same denomination will become 10:1, that is, the new banknote of ten yuan is equivalent to one or two old banknotes.

Think about the monthly salary of an ordinary soldier is only five taels of silver, such a small number, but it has a huge value, and when it comes to buying things, most of them use money or cents.

After the use of the new version of the banknote, the monthly salary of an ordinary soldier will reach 50 yuan, although the "cents" will still be used in large quantities, but the frequency of use is much lower than the old version of the "cents".

In Yuanhe City, the mint under the Royal Bank was printing a large number of banknotes, and it took a long time to print banknotes that could be used by 400 million people throughout the Chinese Empire.

In addition, printing banknotes also requires a lot of cost, and the amount of money it costs to print so many banknotes is a lot of money.

It is believed that it will not be long before the currency reform of the Chinese Empire will officially begin, and the world will change because of the Chinese Empire.