"Your Majesty, a million taels of silver, is it for the court's taxes as collateral?" Liu Shanzhong saw that no one answered, and it took a long time before a sentence came out.

Zhu Youzhen laughed secretly in his heart, these businessmen are really better than ghosts, they know that the answer to this question they threw out must be a little strange, so they simply stopped talking, he glanced at Liu Qianzhi, a curious girl, and sure enough, she was staring wide-eyed, waiting for Zhu Youzhen's next words.

"There is no need for a mortgage to escort the tax and silver for the imperial court, and the imperial court will not worry about it." Zhu Youzhen knows that according to the current "Da Ming Law", if you lose the tax money of the imperial court, it will be a matter of raiding the family and exterminating the family. Moreover, I have taught them how to avoid risks.

"Your Majesty, the grass people are stupid, and I really can't guess." Li Yusheng was in a hurry, this emperor was always talking half a sentence, he was really anxious.

"Have you ever heard of 'Jiaozi'?" Zhu Youzhen threw out another sentence in the clouds.

"Jiaozi?" Li Yusheng looked around at everyone and found that they, like himself, were also at a loss.

In the end, Wang Zhonggui asked cautiously: "Your Majesty, but ...... But the paper money of the Northern Song Dynasty? ”

Liu Qianzhi glared at Wang Zhonggui fiercely, if it weren't for Zhu Youzhen being present, she couldn't wait to wring Wang Zhonggui's ears out of the water, "What do you know about your kid's family?" Your Majesty's Affairs......"

"Haha, Wang Gongzi is really right," Zhu Youzhen wondered in his heart, why did this Liu Qianzhi and Wang Zhonggui get along, "The Jiaozi I mentioned is indeed a banknote issued in the Northern Song Dynasty. ”

"Does Your Majesty want to issue banknotes?" Li Yusheng's face remained unchanged, but in his heart he was puzzled.

Zhu Youzhen was overjoyed, and finally had some common language with these merchants, "Yes, I am preparing to issue banknotes - Ming Yuan." ”

"But...... However, doesn't Da Ming have treasure money......" Liu Qianzhi whispered, and suddenly found that her father was glaring at her fiercely, so she quickly lowered her head and swallowed the second half of the sentence.

"Miss Liu is talking about the depreciation of treasure money?" Zhu Youzhen was not angry at all, "This is indeed a regrettable thing. ”

Seeing that Zhu Youzhen was not to blame, Liu Qianzhi simply put her father's warning aside, "Your Majesty, the silver is used well, why should it be changed to paper money?" ”

"Miss Liu doesn't know, the issuance of banknotes is for convenience," Zhu Youzhen of course can't tell Liu Qianzhi the real reason, silver is the most important circulating currency in the Ming Dynasty, but the silver of the Ming Dynasty is seriously insufficient, and the rich businessmen like to collect, which aggravates this crisis, and now the taxes of the Ming Dynasty are mainly taxes in kind, if it is changed to a monetary tax, whether the people have so much silver to pay taxes is a problem in itself, "For example, Miss Liu goes out shopping, and it is not too much to bring a hundred taels of silver, right?" But a hundred taels of silver are too dazzling on the body, not to mention the heaviness, I am afraid that the thief will target Miss Liu. ”

"But Your Majesty, you can use the silver ticket!" Liu Qianzhi felt that she could refute Zhu Youzhen for the first time, and what her father and Li Yusheng brought today was a large number of silver tickets.

"Silver tickets are good, but ordinary people, silver and copper coins are so small, is it convenient to use silver tickets? The amount of silver tickets is huge, it seems that it is only for you rich businessmen, right? Although Zhu Youzhen felt that his reasons were a bit far-fetched, he would never change his determination to issue banknotes.

With the development of industry and commerce, the tax revenue of the Ming Dynasty will increase sharply, and the demand for silver in the circulation field will also rise sharply, but the Ming Dynasty is now unable to increase the output of silver at the same time, and the shortage of silver is a matter of time.

Due to the ability of heavy metals to retain their value, the Han people's interest in storing gold and silver remained unchanged for thousands of years, which further aggravated the shortage of silver and restricted the development of industry and commerce.

Although the sale of Ming goods to the West can be exchanged for some silver, but as a currency, silver itself has no value, and it is too much of a loss to exchange the goods of the Ming Dynasty for these currencies that have no real value.

Silver can be divided into two categories.

One is commodities, such as silver rings, silver earrings, silver bowls, silver cups, etc., which are valuable and can be exchanged for a certain currency, which may be silver circulating in the market, or paper money.

The other type of silver is silver as currency, which has no value in itself, and it only acts as a bridge between different commodities and puts prices on different commodities.

For example, the Han people exchanged tea for Mongolian war horses, they should first exchange tea for silver as currency, and then use these silver to exchange for Mongolian war horses.

However, there are too many types of commodities in society to circulate in the form of barter, so money is needed.

Silver, as money, only assists in the realization of this process of circulation, and it neither increases the value of commodities nor promotes the progress of society.

If the Ming Dynasty exchanges with the West, it should be exchanged for silver with the commodities of the Ming Dynasty, and then use the silver to exchange for the commodities and technology of the West, which is the equivalent exchange, on the contrary, the commodities of the Ming Dynasty should be exchanged for the silver of the West, and then let these silver circulate in the Ming Dynasty, which is equivalent to exchanging some currency with no actual value.

What if the currency in circulation in the country is exchanged for paper money? The silver was completely superfluous, that is, the Ming Dynasty gave the goods he had worked so hard to produce to the Westerners in vain.

For the commodity producer, he redeems silver as money and realizes the value of labor, but for the state, it is the loss of wealth.

Zhu Youzhen was ready to issue currency in advance in the era of silver scarcity, so as not to damage the Ming Dynasty in international trade, but he couldn't tell Li Yusheng about these reasons, and they wouldn't understand it.

"But...... But ...... "Liu Qianzhi dared to fight again, and she didn't dare to say any more."

"Miss Liu is worried that in the future, Mingyuan will be the same as Bao Yuan, and will become worthless?" Zhu Youzhen is still calm, since he has discovered the problem of treasure money, how could he make the same mistake again? "Rest assured, I've solved this problem."

"That's how Your Majesty solved it? Let the folk girls see it. Although Liu Qianzhi prides herself on being smart, these financial problems still make her head big.

"It's very simple," Zhu Youzhen didn't need to explain these problems to Miss Liu, I don't know why he was in a good mood today, maybe it was the silver brought by Li Yusheng that made Zhu Youzhen excited, "This has to go back to the question just now, why does the bank prepare a million taels of silver." ”

“……”

"I plan to put one million taels of silver in each of the five northern, central, and southern provinces for market circulation, and if the people don't trust the banknotes, they can exchange them for silver from the bank."

"Your Majesty, what should the bank do if they get these banknotes?" Li Yusheng was worried that if the banknotes could not be used in society, the bank would lose a lot.

"The banknotes recovered by the bank can be exchanged for silver at Daming Bank." Of course, Zhu Youzhen had to prepare the silver to be recharged, and if there was no equivalent silver inventory, the banknotes would depreciate.

"Banknotes enter the market...... Go to the bank to exchange ...... Daming Bank recycles ...... Your Majesty, in this way, isn't paper money uncirculating? Liu Qianzhi waited for a pair of big eyes, and rubbed her temples twice with her small hands, Zhu Youzhen's question was too complicated.

"It doesn't matter, at the beginning, the people may not trust Ming Yuan very much, the imperial court allows people who hold paper money to enter commercial banks at any time to exchange for silver, and various commercial banks can also use paper money to exchange silver taels with Daming Bank at any time."

"Every commercial bank prepares one million taels of silver, and the banknotes are only one million taels, and the people can exchange all of them for silver," Li Yusheng muttered silently, "Your Majesty, the grass people understand, Your Majesty is improving the trust of the banknotes." ”

"Li Dongzhu said that the key," Zhu Youzhen cast an appreciative look at Li Yusheng, worthy of being an elite in the shopping mall, and his brain is alive, "The imperial court has issued a total of three million taels of silver banknotes, and it will prepare three million silver in Daming Bank, ready to let various commercial banks exchange banknotes at any time." ”

"Your Majesty, after a few turnovers, the people will trust the banknotes." Liu Qianzhi finally understood some truths, although she was far from understanding why Zhu Youzhen had to issue banknotes.

"In the process of issuing banknotes, if the commercial banks always stand with the imperial court, they will be fully recognized by the people along with the banknotes, which is incomparable to the original banknotes, so the money that does not participate in the issuance of banknotes will gradually be abandoned by the people. Will it still be a small profit? ”

"This ......" When Liu Qianzhi pursed her small mouth and looked at Zhu Youzhen with her big round eyes, she had secretly shocked Zhu Youzhen as a celestial, but Zhu Youzhen was originally the Son of Heaven, and he was almost the same as a celestial.

"Your Majesty, although Huang Li is not in Beijing, Caomin believes that he will definitely agree to set up a bank in Guangzhou." Although Li Yusheng is not as direct as Liu Qianzhi, his heart is also turbulent, how did Zhu Youzhen, who is not in the mall, know these strategies?

"Haha, that's good." Zhu Youzhen was not worried that there would be no merchants to take over the bank, but Huang Li was already engaged in the money bank, and there must be some talents under him who are familiar with the bank, and it will be more handy to cooperate with the imperial court.

"Your Majesty, can merchants still join the bank in the future?" Liu also has a soft spot for banks, but his business is still in the textile industry, but he may enter the banking system in the future.

"Well...... Daming encourages industry and commerce, if there are merchants willing to open banks, money, as long as they register in Daming Bank, in principle, they can, that is, money to become a bank, but also need to register in Daming Bank," Zhu Youzhen began to popularize legal education, "At the same time as ascending the throne, accept the review of Daming Bank, but will not approve Qianzhuang in the future." ”

"Your Majesty, the grass people know." Liu Shanzhong was relieved, as long as he wanted to open a bank in the future, he could join in at any time.

Zhu Youzhen was about to finish summoning him, but Li Yusheng took out a square box from his arms, and the outside of the box was colorful colored paper, "Your Majesty, the grass people are overseas, and they have purchased a thing, which has never been seen in Daming." ”