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Zhang Jiaao is an expert, a senior intellectual, a high intellectual class, he definitely does not lack IQ, and even after working hard in the big sauce vat of the Shanghai financial market for so many years, he can easily understand the meaning behind Yang Chao's words, which is to let him seize the status of the world's currency. Pen? Interesting? Pavilion wWw. ｂiquge。 ｉｎfo

He does have some actions, even if he knows that taking on more international responsibilities means paying more, but he really wants to see gold dollar bills instead of pounds, unlike Morgan and others who try to let Wall Street replace the City of London, Zhang Jiaao is more out of the Chinese's concept of a great power.

Therefore, Zhang Jiaao did not insist on depreciation, and asked: "Then you mean to exchange according to a fixed ratio?" ”

It is indeed inconvenient to fix the ratio, one tael of silver banknotes represents 37 grams of silver, while one gold dollar coupon represents 1 gram of gold, 20 grams of silver, and one tael of silver banknotes is equivalent to 1.85 gold dollars, which is obviously too unfavorable for exchange.

Yang Chao said with a smile: "1 tael banknote is equal to 2 gold yuan, which is equivalent to the integration of gold yuan and silver two banknotes two sets of monetary systems, the common people at most, two, money, cents, cents of the silver currency customary system, plus the unit of 'yuan', in the future, 1 tael is equal to 2 yuan, equal to 10 money, equal to 100 cents, equal to 1000 cents." ”

In this way, the monetary system is the least impressed, and governing a large country is like cooking a small fresh, and a large country in particular cannot make vigorous changes, and it can be fine-tuned, and if it can be improved, it will be improved, and this way of overturning and starting over is really too damaging for a big country.

Zhang Jiaao nodded lightly: "In this way, it is only equivalent to a depreciation of 7.5%, which has little impact on the market, and has little impact on my country's reputation, and it can also help the economy." ”

Yang Chao said with a smile: "Compared with the franc in the gold exchange standard system, there is a fluctuation of more than 10% from time to time, this depreciation is nothing, and it will not affect the current import and export, because this depreciation is nothing compared with the high international freight rate." ”

The reason why the pound depreciated by 30% all of a sudden is too exaggerated compared with later generations, is because the international freight in this era is too expensive, compared to the United States soybeans shipped to Shandong and Jiangsu in later generations, it is cheaper than the soybeans in Northeast China to Shandong and Jiangsu, which is almost unimaginable in this era, so if Britain wants to improve the competitiveness of British industrial products through the depreciation of the pound, it must do major surgery on the pound.

Zhang Jiaao nodded: "But the impact on East Asian countries is probably not negligible." Won't Japan, North Korea, and other countries have to bear the loss? ”

Yang Chao smiled: "Do you want to help each other?" Their currency is pegged to Chinese silver banknotes, and the depreciation of the banknotes will indeed cause a certain amount of loss. But didn't they dump goods in China during this time, and it should be regarded as a punitive tariff they paid. ”

For the time being, the silver two banknotes are not allowed to withdraw from circulation, but stipulate that they are linked to the gold dollar, and Chinese commodities are priced in 'two', so for the international market, the price of Chinese commodities immediately fell by 7.5%, which has little effect on exports to Europe, because the freight to Europe may double the price of a product, but for East Asian countries, especially the two countries of Asahi and Japan, which are close at hand, it is not the same, Shandong machinery products go from Yantai to the coast of North Korea, and the freight from Yantai to Jinan is lower than that of the railway. The freight from Shanghai to Nagasaki is also much lower than that to Beijing, so the depreciation of China's currency makes the feeling of the two countries definitely different from that of Europe.

"Do you want to inform Japan, North Korea and other countries?"

Zhang Jiaao is a little worried, he promised Japan and South Korea some time ago that China will maintain currency stability.

Yang Chao smiled: "Explanation is necessary. I'll explain it to them personally. ”

Zhang Jiaao was thinking about the credibility of the country and his personal credibility, the depreciation of the pound, the decoupling of the pound from gold, and the suicide of the Dutch governor, which had caused extremely serious damage to the reputation of Britain, and he did not want to see the governors of Japan and North Korea commit suicide.

Yang Chao is thinking about the issue of national political interests, if the value is rashly depreciated and the Asian junior brother is damaged, it is very detrimental to China's hegemonic position in Asia, and a boss who cannot let the younger brother make a fortune with him will not be able to sit on the throne.

Seeing Zhang Jiaao's puzzled look.

Yang Chao explained: "I have invited representatives of Japan and North Korea to visit, and I will talk to them personally when the time comes. ”

Zhang Jiaao no longer hesitates, this is not the time to hesitate.

A circular from the central bank was immediately sent to the major banks, informing them that in the future, the central bank would exchange silver banknotes and gold dollar bills at a price of 1 to 2 without restrictions.

Then a press conference was held to announce that China had officially broken away from the silver standard and carried out the reform of the gold standard, and the ratio of paper money to gold yuan in circulation in the market had dropped to 1 to 2, and the central bank had no restrictions on exchange.

At the same time, he immediately ordered the printing house to run at full capacity and print gold dollar bills to increase the money supply in the market.

European countries issue, and the gold dollar coupons they hold are equal to appreciation, although the magnitude is not large, and it is enough to have fun secretly.

Japan and North Korea were immediately dumbfounded, knowing that China was going to carry out the gold standard reform, but they did not expect the reform to be so radical, not according to the proportional exchange, but directly depreciated by 7.5%, which was a huge blow to the two countries of North Korea and Japan, which held 100 million and 400 million silver banknotes respectively.

Naturally, they were dissatisfied, and sent an urgent note to China, demanding that China deal with their foreign exchange reserves in proportion.

China said that it was impossible, that monetary policy was China's internal affair, and that China had the power to re-regulate the value of its currency.

As far as China, which has established hegemony in East Asia, can rely on political force to maintain the status of China's currency in Asia, but in Europe, which has no political influence, it must rely on economic power to maintain its currency status, so it is reasonable to protect the interests of European countries and harm the interests of East Asian countries.

But for Yang Chao, who has always been very friendly to East Asian countries and actively tied them to Chinese carriages, this approach is very contradictory to his previous practice.

This move will cause East Asian countries to distrust China's currency in the future, which will not only affect the status of China's currency in the free circulation of East Asia, but also affect China's influence in East Asia and political influence on other countries.

Therefore, public opinion in the outside world expressed considerable incomprehension.

But the mystery can only be solved by Yang Chao himself.

Anyway, soon representatives of Asahi and other countries will visit China, and Yang Chao will definitely give them a satisfactory answer at that time.

Before the arrival of the Asahi representative, the Prime Minister of the Russian Empire, Grand Duke Nicholas, had already arrived, but as soon as he arrived in Nanjing, Yang Chao came to Shanghai, and he never met with him, out of diplomatic etiquette, Grand Duke Nicholas could not rashly come to Shanghai to find Yang Chao, but actively urged the Chinese Foreign Ministry to arrange a meeting between the two as soon as possible.

After the silver and gold dollars were pegged, and in this way, the Chinese currency was changed to the gold standard, Yang Chao sent a telegram to Nanjing, formally inviting Grand Duke Nicholas to visit Shanghai.

It is no wonder that Nikolai is in a hurry, and the economic crisis is together, and the Soviet Russian model has blown a whirlwind all over the world, and the territory of the Russian Empire, which is only separated by a low Ural Mountains, is the first to bear the brunt, and this whirlwind is almost blowing Siberia into Aribesi.

The Russian Empire had a population of 2 million people, and it was easy to manage, and when life was good in the past, there were still people who were not satisfied with going to Soviet Russia, but now as soon as the economic crisis occurs, this small country almost collapses.

The reason is simple, social injustice.

In such a small country, social injustice has almost been interpreted to an extreme, with a population of 2 million and more than 100,000 aristocrats, ranging from royal nobles to boyar aristocrats, who occupy all levels of small government, and it is simply unimaginable for commoners to want to find a position in the government.

It is not a problem to be a civil servant, the problem is that the tradition of civil servants in Russia is the same as in China, look at the translation of Russian novels, the title of Russian civil servants, which has been translated into the expressive word "master", you can know that in the past tsarist rule, there was indeed a large number of abuses of power by Russian government personnel, so government positions are a rare opportunity for civilians to be motivated and change their family status.

But now they are all controlled by the aristocracy, which is even more serious than when the tsar was in Petersburg in the past, so there is always some discontent in society, and the common people at the bottom do not care, and a large number of middle classes, who may go further, find that they are cut off from upward space, and their pressure is the greatest.

Before Siberia's economy was good, the common people were well fed, the middle class still had economic interests, and the society was able to reconcile, only some young, young people with high hormones were messing up the society, and finally they were exiled to Soviet Russia for more than 50,000 people before they calmed down.

But after the economic crisis, the economy of the Russian Empire also almost collapsed. Although the territory of the Russian Empire, Western Siberia, has been the most economically developed region in the world for the past decade, it has been through the export of minerals, especially oil. Although it is easy for such a country to develop by relying on mineral resources to get rich, the economic crisis has hit them particularly seriously.

After the economic crisis, China's imports shrank on a large scale, and the exports of oil, iron ore and furs, which are the three pillars of exports, plummeted at the same time, and it is no wonder that Russia did not suffer from the economic crisis, and at this time, the economy of Soviet Russia on the other side of the Ural Mountains was thriving, and they took press control measures, and the news that was unfavorable to them could not get out, but the news that was favorable to them was circulated all over the world, which was a disaster for the Russian Empire of the same species.

As a result, the social contradictions that had accumulated for a long time suddenly erupted.

Ethnic elements with national and ethnic complexes took to the streets to protest the government's flattering attitude towards China, demanding that Chinese companies leave the Russian Empire, demanding that Chinese leave the Russian Empire, and that the strong xenophobic sentiment made the Chinese government also take measures to withdraw a large number of expatriates, interrupt a large number of cooperation projects with the Russian Empire, and reduce imports to the Russian Empire, which caused the Russian Empire's economy to collapse.

[It's about to be 515, I hope to continue to hit the 515 red envelope list, and the red envelope rain will be able to give back to readers and promotional works on May 15. A piece is also love, and it must be better! (To be continued.) )