Chapter 133 Flying Money

When he returned to Youzhou City, Li Cunhuan immediately ordered each household to plant cotton seeds for paid contributions. However, Li Cunhuan has not yet solved the cotton matter, and the eldest grandson Chengliang has already come over with a sad face.

Seeing the expression of the eldest grandson Chengliang, Li Cunhuan knew that it was not a good thing.

Before the eldest grandson Chengliang could speak, he had already sighed, "The lord has vigorously developed the gold mine in Danzhou, and now Lu Long has become cheap and expensive. Until now, one tael of gold can only be exchanged for six yuan. ”

"What!" Li Cunhuan's eyes really widened, he couldn't imagine that Lu Long's inflation was so strong. Li Cunhuan also knew that something like this would happen sooner or later, and he also knew the root cause, but there was no way, Lulong was not rich in copper, and lacked sufficient copper money. That's what leads to this phenomenon. At present, there is not much fluctuation for the private sector, but for the political axe, it is a fiscal contraction.

Forcing Li Cunhuan to carry out monetary reform quickly, in fact, Li Cunhuan can also force the surname to order an exchange system of one tael of gold for ten yuan, but in doing so, the loss will be transferred to the common people, and eventually only a peasant uprising will break out.

Li Cunhuan really regrets why he didn't read more geography books in the first place, and he can't remember any places in Hebei Province that are particularly rich in copper ore in later generations.

The eldest grandson Chengliang suddenly spoke: "How about casting iron coins?" In the past, it was said that the Ma'an iron ore in Liaodong City discovered by the lord of Liaodong City, but now after investigation, more than 80% of it has been found to be inferior iron ore, which is the most suitable for casting money! ”

When Li Cunhuan heard this, his eyes lit up, but they quickly dimmed. sighed, shook his head, and said, "Iron money can only solve a temporary dilemma. Moreover, the price of iron money is low, the goods are heavy, and circulation is difficult. If you think about it, if an iron coin is half a tael, you can exchange five iron coins for a copper coin that is also a half tael. And you need forty dollars to buy a bucket of rice. This is equivalent to two hundred iron coins, and one hundred taels of things are heavier than a bucket of rice. Isn't that troublesome and hard? Think again, if you are a merchant, go and buy twenty horses of silk, eight hundred dollars each. If it is exchanged for iron money, which is equivalent to 2,500 catties of inferior iron, do you sell iron or buy silk? ”

Li Cunhuan paused and said: "And iron coins such as copper coins are not durable, they will rust in two or three months as fast, half a year as slow, and as a small round piece of iron after two or three years." It is like a copper coin that lasts for ten years, and thirty or forty years long. ”

"But my lord, the only way to do this now is to discover a big copper mine. Is there any other way? The eldest grandson Chengliang said helplessly.

"Yes!" Li Cunhuan suddenly said with certainty.

The eldest grandson Chengliang asked suspiciously, "What is the solution?" ”

"Flying Money!" Li Cunhuan said in an affirmative tone.

Flying money was an immature paper money system in the Tang Dynasty, which was semi-official and could only be used in the same city. Therefore, the scope of his use is also very narrow, that is, it is used in Chang'an and Luoyang, which are large cities with a population of millions or hundreds of thousands in the Tang Dynasty. However, due to the government's new decree that the withdrawal of flying money had always required a payment of 100 yuan, the fledgling paper money system died.

The eldest grandson Chengliang shook his head and said: "It doesn't work, those businessmen are afraid of flying money, and no one dares to collect flying money." ”

Li Cunhuan smiled confidently and said: "I have thought about the system, I have decided to establish a bank in all the state offices of Lulong, um!" It's called Imperial Bank! ”

"Banks? Imperial Bank? The eldest grandson Chengliang looked at Li Cunhuan with puzzled eyes, not knowing what his plan was all about.

However, Li Cunhuan didn't say much, and summoned his subordinates and strategists to the council hall overnight, and discussed them for seven or three days. Finally, after Li Cunhuan's typesetting, the "Imperial Bank Draft" was established.

On the first day of November, the people of Lulong discovered a strange thing, that is, a bank equivalent to a cash chest, called the Imperial Bank, appeared in each state office.

Li Cunhuan knew that sometimes there must be some tough measures to implement it, and the Imperial Bank had just been established, so naturally no one had any confidence in him. Therefore, Li Cunhuan forced his surname to require that all wealthy households in each state with more than 1,000 yuan must deposit one-tenth of their family wealth in the Imperial Bank.

At the beginning, the rich people thought that Li Cunhuan was robbing, although they had the intention to resist, but Li Cunhuan had already prepared. Each state was stationed with between a thousand and two thousand soldiers. If there is resistance, immediately catch it in prison and think of it, okay! 100 guan per person, whether you have a fortune of hundreds of millions of yuan, or only 1,000 guan is this price.

Li Cunhuan's punishment, although it hurt the businessmen, they also saw Li Cunhuan's fairness. After all, in the past, more money was paid for more money, and less money was paid for less. But Li Cunhuan is very fair in terms of punishment, and in his mind, he is also resisting the new law, and he can't have his own severity.

The rich have seen the fate of a few people who are not afraid of death, so they can only obediently send the money to the Imperial Bank. Many of them thought it was a form of blackmail from the government. However, after a little understanding, they found that this was not a form of blackmail.

After the copper money enters the bank, there is also interest, and if it is free to enter and exit the money, the interest will increase every month according to the proportion of one thousandth of the lowest point of the month of the money you have saved. Regular interest increases depending on the time of day.

This can't help but make the rich people dumbfounded, they can't imagine that there is interest on putting money in the government, although it is not much, but it is also unprecedented, when did the government become so 'generous'?

And there is no handling fee for taking out the money. This makes the rich who are ready to be slaughtered by the government in the handling fee even more surprised, isn't this the government giving them the convenience of buying and selling for free?

The Imperial Bank, on the other hand, gives the Flying Money as a voucher, with which it can be exchanged for the same amount of copper coins anywhere there is an Imperial Bank.

In order to prevent counterfeiting, Imperial Bank's flying money is made of dragon whisker grass as the main raw material, which is tough and durable, and the ink is also specially printed. At the same time, there is an original watermark in the lower right corner of the flying money to prevent counterfeiting.

In this era, this is a very advanced technology, and Li Cunhuan believes that even if it is a very primitive and crude watermarking technology, it is still not something that people in this era can quickly disguise.

The emergence of the Imperial Bank has greatly alleviated the pressure of money shortage, although now after investigation, flying money does not occupy a major position in transactions, but flying money has accounted for about 5% of the circulation in the currency market, and there is a gradual upward trend. It is expected that in a year, in the future transactions, transactions with flying money will account for at least 50%.

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