Text] Chapter 508: The Establishment of the Saibei Bank with Concentrated Development——

Chapter 508: Concentrate on the development of the establishment of the Saibei Bank

Chen Yun is a talent, Han Yunhua knows this very well, but Chen Yun's high status in the party is also an indisputable fact. As early as 1930 and 1931, he was elected as an alternate member and member of the Central Committee at the Third and Fourth Plenary Sessions of the Sixth Central Committee. Subsequently, he served as the secretary of the Central Special Section and a member of the provisional central leadership to protect the security of the central organs. In 1932, he served as a member of the Standing Committee of the Provisional Central Committee and secretary of the All-China Federation of Trade Unions. In 1934, he was elected as a member of the Political Bureau and Standing Committee of the Central Committee at the Fifth Plenary Session of the Sixth Central Committee. And Han Yunhua has just been appointed as an alternate member of the Central Committee, a full decade later than Chen Yun. Therefore, now that Chen Yun has come to the Inner Mongolia Ancient Military Region, how to arrange his work has become a difficult problem.

However, Han Yunhua still knows a lot about the party "character" of this old **, and he knows that for an old man like Chen Yun, no matter what work he does, he is working for the party, so he personally decided to set up an independent economic ministry "door" under the jurisdiction of Chen Yun, so far the military, political and economic troika of the Inner Mongolia Ancient Military Region is finally complete.

In addition to Han Yunhua, who focuses on the overall situation and takes into account both military command and strategic command, Luo Ronghuan is in charge of politics and Chen Yun is in charge of economy. In order to cooperate with Chen Yun's work, Han Yunhua deliberately divided the logistics department of the military district into two, and transferred a large part of the resources in Yang Ruihua's hands to the Ministry of Economic Affairs, only retaining the production of weapons and equipment and the supply of military rations, and all taxes and stocks in the funds were "handed over" to Cao Juru for management.

Chen Yun has a wealth of work experience, and after a few days of investigation, he quickly got into the groove. After communicating with the party committee of the military region, the Ministry of Economic Affairs finally decided to set up the head office of the Saibei Bank in Beiping, and at the same time set up 15 branches in Guisui, Baotou, Linhe, Dongsheng, Jining, Xilinhot, Zhangjiakou, Chengde, Qian'an, Qinhuangdao, Tangshan, Tianjin, Baoding, Hengshui, and Shi'men.

Regarding the formulation of the leaders of the Saibei Bank, Han Yunhua and Luo Ronghuan tacitly did not participate, and Chen Yun was in charge of all the "handovers". Chen Yun also understood what Han Yunhua and Luo Ronghuan meant, and in order to ensure the smooth implementation of economic work in the future and the smooth implementation of his own work ideas, Han Yunhua appointed Cao Juru as the head president of the Saibei Bank, responsible for the operation of the Saibei Bank. In addition, more than a dozen subordinate directors have been appointed.

As the leader of the military region, Han Yunhua supported this economic construction, and also specially transferred a special combat team and an infantry regiment as the defense force of the Saibei Bank, and at the same time authorized the Saibei Bank to issue banknotes that are common to all ** base areas - renminbi.

Han Yunhua is not good at currency issuance, so he "handed" the issue of currency to Chen Yun, because Chen Yun, Cao Juru and others had experience in issuing currency a long time ago, and Han Yunhua himself was relieved to "hand" it to them.

First of all, Chen Yun observed the economic development situation of the various military sub-districts of the Inner Mongolian Ancient Military Region and the living standards of the people, and in addition, he also inspected the gold, silver, and foreign exchange in the current inventory of the Inner Mongolian Ancient Military Region. It is worth mentioning that Chen Yun was taken aback when he inspected the vaults of the Inner Mongolian Ancient Military Region. The treasury of the military region was built in Guisui, and the two large warehouses were filled with boxes of gold and silver dollars, in addition to a large amount of foreign exchange, of which the yen and the US dollar were the most, and there were also a large number of cultural relics, calligraphy and paintings.

Originally, Chen Yun was still worried about the issuance of the common currency of the military region and the provinces at once, and he was afraid that the gold and silver with capital preservation would not be able to meet such a large-scale issuance, but now it seems that this problem no longer exists.

After solving these problems, Chen Yun began to prepare for the issuance of the renminbi, because with experience, plus all the machinery was ready-made, the military region had previously seized three sets of the most advanced printing equipment, and only the regiment that needed to design the new banknotes could start printing.

June 6, 1941, a day that must be remembered in China's economic history, was the day when the world's largest and most depositored bank, the Bank of Saibei, finally began to issue its own currency, the renminbi.

Of course, the name of RMB was made by Han Yunhua, after all, it came from later generations, so Han Yunhua still has feelings for RMB, and Han Yunhua is happy to see this familiar thing appear as soon as possible.

According to the regulations of the Inner Mongolia Ancient Military Region, the renminbi is the legal tender symbol of all base areas and areas under direct control. The unit of RMB is yuan, and the unit of RMB auxiliary currency is jiao and cent, and the conversion relationship between the main and auxiliary currencies is: 1 yuan is equal to 10 jiao, and one jiao is equal to 10 cents.

Han Yunhua still has a little understanding of the three principles of RMB issuance in later generations, namely, the principle of centralized and unified issuance, the principle of planned issuance, and the principle of economic issuance. Therefore, after consulting with Chen Yun, Cao Juru, and others, the entire military region, mainly the Ministry of Economic Affairs, unanimously decided that the right to issue renminbi would be concentrated in the Inner Mongolian Ancient Military Region, and then the Inner Mongolian Ancient Military Region would authorize the Saibei Bank to monopolize the issuance of currency, and no locality, unit, or individual would have the right to issue currency or disguised currency except for the Saibei Bank. At the same time, the issuance of currency must be incorporated into the development planning system of the entire base area, and it must be issued in a planned manner according to the requirements of the national economic development of the base area, so as to ensure the stability of the currency value and prices. Specifically, the head office of the Saibei Bank proposed a currency issuance plan, which was implemented after being approved by the Inner Mongolian Military Region. Second, the renminbi should also be issued through bank credit channels in accordance with the national economic development situation in the base areas and in accordance with the actual needs of commodity circulation, which is the most basic principle of renminbi issuance.

In addition to the principle of economic issuance, the renminbi also adapts to fiscal issuance, that is, the issuance of currency according to the fiscal revenue and expenditure. Although fiscal issuance can play a role in making up for the fiscal deficit, it undermines the stability of the currency value and is an irrational method of issuance. Therefore, it is necessary to adhere to the principle of economic issuance.

Although Chen Yun and others also wondered how Han Yunhua, a military commander, could know so much, even the economic aspects, especially currency issuance, knew so clearly, and he still said it so professionally. However, after analysis, they finally agreed with Han Yunhua's proposal, and the Ministry of Economic Affairs cooperated with the Saibei Bank to preside over the issuance of RMB.

However, there are still many problems in the people's refusal to issue them, first of all, many base areas, including the central government, have issued their own currencies, which are divided into five categories, five flowers, and eight types. If the Inner Mongolia Ancient Military Region issued new currency, and it had to be issued in a unified and large-scale manner, then all kinds of currency issued in all the previous base areas would have to be recycled, and this project was not insignificant, which reminded Han Yunhua of the issuance process of China's first set of renminbi.

The first set of renminbi was the only legal tender printed and issued by the newly established head office of the People's Bank of China on December 1, 1948. The situation at the time of the issuance of this set of renminbi was the same as the predicament that Han Yunhua's department is facing now, and the situation was much more complicated then than now. This set of renminbi was issued on the basis of unifying the currencies of various base areas, and the issuance of a unified currency has gone through a tortuous process. Base currency is created when each base is divided and blocked by the enemy during wartime. After the victory of the War of Resistance Against Japanese Aggression, the People's Government of the Liberated Areas carried out the work of unifying the currency. For example, the Central China Liberated Region issued a unified Huazhong currency, and recovered and unified a variety of local currencies with different names and different values issued by the various anti-Japanese base areas opened up by the New Fourth Army. Similar measures have been taken in other liberated areas to unify their currencies. However, before the work of unifying the currency in the liberated areas was completed, the Kuomintang reactionaries launched a full-scale civil war, and many places in the liberated areas were occupied by the Kuomintang troops, and the work of unifying the currency in the liberated areas had to be temporarily suspended.

However, with the smooth progress of the People's Liberation War, the scattered various solutions ... [This chapter is not finished, please click on the next page to continue reading!] ］