Chapter 76: Discussion of Monetary Policy

Qiu Zhiwei hesitated for a moment, but finally suggested: "Lord, I absolutely support every decision you make. Pen Fun Pavilion www.biquge.info but I would like to remind you that Joaquín is, to put it bluntly, printed paper, which is absolutely not recognized by the neighboring countries as currency in circulation. And you want to exchange these papers for gold, silver and copper in the hands of the people of the city, although they are only a trade currency, but the reason why gold, silver and copper are valuable is that they are scarce and preserved for a long time. Paper is absolutely worn, so how do you know how much Joaquin is on the market? And how much Joaquin is the government going to print? ”

When everyone heard this, they all turned their eyes to Qiu Zhiwei, and they didn't pay attention to it at first, but now they realized that the other party's appearance was indeed unusual.

He wore a thin brown robe, a thin face with two slender beards, and short black hair, which was not greasy but not very clean, most notably his two protruding front teeth. And the deep-set eye sockets are also unusually bright, as if they contain many wonderful experiences.

"You're also involved in finance?" Jing Ling asked Qiu Zhiwei.

Although Qiu Zhiwei doesn't know much about what finance is, he can guess that it should be related to money. I saw him straighten up and said, "Yes, my lord, I worked as a messenger in the credit department of Rock Gravel City before I was captured as a slave, and I can often come into contact with rich civilians who borrow money from the government, so I still have some knowledge of managing money." ”

Jing Ling's eyes suddenly flashed as he looked at Qiu Zhiwei. "Then tell me, what are the obstacles for Joaquin to become the currency of the Chinese state?"

Qiu Zhiwei paused for a moment, he didn't expect his lord's guild to ask him such a question about social affairs.

He pondered for a moment, and when the rest of the people thought he couldn't say anything, he finally spoke: "My lord, as I mentioned earlier, Joaquin is a paper note with a limited lifespan, and it cannot be used again after it is worn. For the sake of trade stability, the government had to reprint the worn Joaquin. So how much Joaquin should be printed? India and India will lead to price fluctuations, which will cause the collapse of the trade system, which is the first obstacle, I wonder how the lord will solve it? ”

"Okay!" Jing Ling laughed when he heard this, "If you understand this, then my monetary policy will definitely be realized!" ”

Everyone was puzzled, they didn't know that Jing Ling had always been worried about one thing, that is, people in this era were likely not to accept his monetary policy. But when he heard Yau's analysis, he began to understand that this era had ushered in the embryonic period of capitalism.

I saw Jing Ling glance at Qiu Zhiwei approvingly, and then said: "Of course, Joaquin is not the government can print as much as it wants, otherwise it is not much different from robbing the people's wealth." Therefore, every time the government prints a piece of Joagold, it must store a certain amount of gold or silver in the vault, and anyone who holds Joaquin can exchange gold and silver with the government at any time, and I call this system the 'gold standard'. ”

Before the rest of the people could recover from Jing Ling's words, Qiu Zhiwei suddenly realized: "This is equivalent to a shackle on the government, if the government distributes paper money indiscriminately, then the people will take the paper money that is becoming less and less valuable to the government in exchange for gold and silver." If the government fails to cash in on the gold and silver, the entire trading system will collapse, and the state may even collapse. Therefore, the government will not risk overissuing paper money, and as long as the exchange rate between paper money and gold and silver is adjusted to a certain percentage, the government can use paper money to exchange gold and silver with the people, and then use this gold and silver to do business with neighbors. ”

Now it's time for Jing Ling to be dumbfounded, this Qiu Zhiwei explained that the head is the Tao, and he is simply a financial wizard.

"That's right, that's what it means." Jing Ling patted Qiu Zhiwei's shoulder with satisfaction, and had already decided in his heart to hand over that position to him.

Qiu Zhiwei was slapped by Jing Ling like this, not only was he not happy, but he also had some worry in his eyes. I saw him continue: "My lord, there are still two obstacles to the promotion of Joaquin as the currency of the Chinese state. ”

Jing Ling said, "Let's talk about the second obstacle first, and let's discuss it together." ”

Qiu Zhiwei looked at the painters and mathematicians sitting beside him, and then said: "They will all be Joaquín's layout designers, but no matter how complex the patterns they design, they will definitely be imitated." If the enemy prints a large number of counterfeit money and uses various means to circulate these counterfeit money in the state of China, then our trade system will surely be destroyed by the enemy. ”

Everyone was surprised when they heard this, thinking that this middle-aged man who seemed to be able to blow away with a gust of wind was so capable, and the two obstacles he said hit the nail on the head, but I was afraid that the third obstacle would be more complicated and difficult to solve.

Everyone present was lamenting the difficulties in the implementation of monetary policy, but Jing Ling showed a look of victory, as if he had already thought about the obstacles mentioned by Qiu Zhiwei and found a solution.

This has to make people feel a burst of amazement, thinking that their lord is really a monster, no, it should be a ghost!

Jing Ling suddenly stood up and said to everyone: "In the past few days, your eating, drinking, and Lazar have been solved in the city hall, and I have arranged for the office to design the Joaquin layout for you, the time is urgent, if any of you have something at home, hurry up and finish it, I will only give you three days to design the Joaquin layout that satisfies me." ”

He turned his gaze to Qiu Zhiwei and continued: "You just stay here for the time being, I have something to discuss with you. ”

When he had finished speaking, he himself opened the door to greet the painters and mathematicians, and when the envoys of the peace corps saw the door open, the people inside walked in again. I thought that Jing Ling should summon them into the council room next, but I didn't expect Jing Ling to close the door tightly, this scene made the envoys of the council and the regiment angry, and they couldn't get angry in front of those guards, and the last one was so red that the guards were secretly laughing.

In the conference room, Jing Ling sat on the carpet and said to Qiu Zhiwei, "Let's continue to discuss the second obstacle. ”

After Qiu Zhiwei also sat down, Jing Ling continued: "You said that the enemy will create counterfeit money to collapse our trade system, I have thought of this for a long time, but I want to hear your solution first. ”

Qiu Zhiwei was suddenly stunned, thinking that his lord was really a ghost, but he didn't know if he could solve the third obstacle.

After thinking for a moment, he said: "The enemy will definitely counterfeit counterfeit money, and we must have a system to identify counterfeit money in addition to increasing the strength of customs inspection." I think the first thing is to create a paper with a unique texture, and the second is to have a different serial number printed on each banknote, because the enemy doesn't know what our serial number is, so they just have to make up the serial number and we can find out. ”

Jing Ling frowned and said, "Is there anything else you have to say?" ”

Qiu Zhiwei paused for a moment, and he could see that Jing Ling was not very satisfied with his answer.

"For the time being, I can only come up with these two tricks to identify counterfeit money."

Jing Ling shook his head slightly and said: "Creating banknotes with unique textures and stamping serial numbers is just a very common means of identification, and it cannot eliminate counterfeit money to the greatest extent. If the enemy had experimented countless times to create paper with the same texture and write down the serial numbers of genuine coins that were already in circulation, wouldn't it be possible to replicate the exact same banknotes? ”

Qiu Zhiwei said ashamedly: "I wanted to miss this." ”

Jing Ling didn't blame him, but a smile rose at the corner of his mouth, and said, "You haven't thought about adding something to the banknote?" ”

"What?" Qiu Zhiwei touched his head and wondered.

"Add a yarn." Jing Ling smiled, "Add the yarn to the banknote, and the yarn can be seen in the sunlight is the real coin." If you want to inspect a large batch of banknotes, you only need to burn them on fire, and if you smell burning, you will have to deal with the real thing. ”

Qiu Zhiwei patted his head and suddenly realized: "Why didn't I think of this." ”

Jing Ling put his hand on his shoulder and whispered: "But the enemy will master this technology after all, so we have to launch new coins from time to time and add some complex anti-counterfeiting technology, and our economy will depend on you in the future." ”

Qiu Zhiwei pointed at himself and said stunned: "Rely on me!?" ”

"That's right." Jing Ling patted him lightly on the shoulder and said, "I want to establish the Central Bank of the Chung Hwa State, which is equivalent to the previous city demand bank, but it is only responsible for building and maintaining the financial and trade system of the Chung Hwa State. I've already figured out who the first president should be, and that person is you. ”

"Lord, I heard you right!" Qiu Zhiwei showed an expression of disbelief, which could not be blamed on his poor ability to bear it. You must know that Jing Ling's meaning is to hand over the wealth and economic construction of the whole state to him for management, and this burden can be figured out with his toes, but at the same time, the governor of the central bank also has extremely huge power, and it is not an exaggeration to say that he stands at the peak of the power of the Chinese state.

"You heard it right, you are the first governor of the Central Bank of Chung Hwa Bang." Jing Ling affirmed.

"But my lord, there are many people in the city who are more experienced and capable than me, so you should meet them first before making a decision." Qiu Zhiwei actually wants to help Jingling build the Zhonghua State, but he knows how many catties and taels he has, which is why he recommends others.

"I've thought about it for a long time, there's no problem for you to come to this position, anyway, it's just starting out, so let's explore it slowly." Jing Ling paused, suddenly increased his tone, and said: "The most important point is that once the central bank grows up, it will control the economic lifeline of the China State, and only you as the governor can put me at ease." ”

Qiu Zhiwei was immediately moved to tears when he heard this, as the so-called soldier dies as a confidant, he saw him wipe his tears and said categorically: "Since the lord appreciates me so much, then I will not shirk it, from now on my time will be overturned in the central bank, until the moment I fall!" ”

"Good!" Jing Ling got up and directly gave Qiu Zhiwei a bear hug, and after letting go of him, he looked at the door and said, "You go back first, and I'll look for you when I'm done." ”

"But my lord, there is a third obstacle that you can solve?" Qiu Zhiwei said worriedly.

"I know what the third obstacle is, and that is how to get Joaquin to be accepted by people in the Chinese state, especially white people." Jing Ling smiled and continued: "I have already thought of a way, and it is to let everyone obediently go to the bank and exchange gold and silver for Joakin. ”

Wizard! What a ghost! Qiu Zhiwei couldn't help but sigh in his heart, and then he followed Jing Ling's gaze to the door. He knew that there was still a Nolan peace group waiting to see the lord behind the door, and when he thought that the lord who was busy with all kinds of things was busy, he strengthened his belief that he would share the responsibility with the lord.