Chapter 364: Layout of the Jin Banknote Turmoil (5)
Sure enough, that morning, as soon as the truck transporting the money from the Ministry of Finance under the escort of the majestic mounted police came to the street, it was immediately surrounded by onlookers, and many good people even followed the convoy all the way, and kept asking each other what the convoy of the provincial government axe was going to do?
As the team escorting Jin Qian went all the way, some people finally figured out what the truck of the provincial political axe was going to do.
The provincial political axe really printed the Jin banknotes, and it had to exchange it for the ocean at the market price! This astonishing news spread so quickly that by the time the money-delivery team arrived at the Northern Investment and Development Bank, tens of thousands of people had already heard the news and followed them to the small square in front of the Northern Investment and Development Bank.
Originally, there were thousands of people waiting in line in front of the bank to exchange Jin banknotes, and these people even crowded this small square when they arrived.
Because the Northern Investment and Development Bank issued a statement saying that the reason why they are still taking huge risks to exchange Jin banknotes is entirely because Song Zhewu, commander-in-chief of the Northern Frontier Defense, is sympathetic to the people of Taiyuan and cannot bear to see the money accumulated by ordinary citizens who are thrifty and use it to come to naught, and specially instructs the Northern Investment and Development Bank to exchange money for citizens who are in urgent need of money.
In order not to go against the wishes of Commander-in-Chief Song Zhewu, the banks took risks and put a large amount of money on the market every day. However, after all, the bank has to make money, and it also has to survive, and it is impossible to let the people exchange it. In order not to go against the wishes of Commander-in-Chief Song and not to endanger the survival and development of the Northern Investment and Development Bank, 300,000 oceans were prepared for exchange every time, and each person could not exchange more than 100 oceans of Jin banknotes each time.
Because Dadeheng now has no ocean to exchange, Taiyuan City is now only the Northern Investment and Development Bank is still exchanging, plus the number of exchanges is limited, therefore, there are a lot of people who come to exchange, in order to exchange the Jin banknotes in their hands as soon as possible, so as not to continue to shrink the money in their hands, many people have waited in line overnight. There are even many merchants who need to exchange a large amount of money, and send a large number of guys to each hold the highest amount of Jin banknotes that can be exchanged by individuals on the same day, and scatter and wait in line repeatedly to exchange them, which also makes the number of people who exchange surge.
Now, the people who go to the Northern Investment and Development Bank to exchange Jin banknotes are not only limited to people in Taiyuan City, but also some merchants in the surrounding areas of Taiyuan, and even Taigu, Jinzhong's silver number, Shijia and big merchants have also sent people to exchange in a hurry. There are so many people waiting for redemption that some have been waiting here for two days and two nights.
However, as soon as the truck of the provincial government axe arrived, people from the Ministry of Finance carried several large boxes and walked past the crowd waiting in line into the bank, and soon they carried out the obviously much heavier boxes with a smile on their faces, loaded them onto the car, and drove away happily.
At this time, the people who were waiting in line for the exchange already knew what these people from the provincial political axe were here to do, and they looked at these provincial political axes with envy while moving their legs, which were already standing a little stiff. There is no way, who let the family be the person sent by the provincial chairman Shang Zhen, the people who have long been accustomed to not fighting with the officials can only scold in their hearts.
However, after the truck of the provincial government axe drove away, the people of the Northern Investment and Development Bank immediately put out that "the exchange amount has been exceeded, and the exchange will be stopped today." "Brand. This made the citizens who had just been envious of the people who were waiting in line without queuing for the provincial political axe suddenly became angry, and according to the number of people who had already redeemed it, it was said that it would be exchanged at most more than 100,000 oceans, that is to say, there should be nearly 200,000 exchange amounts, how could there be no more?
The staff of the bank seemed to have known that the citizens would have such a reaction, and hurriedly explained, "This is because after receiving the instruction of Chairman Shang Zhen, the Northern Investment and Development Bank exchanged 2.5 million Jin banknotes for the provincial political axe, and their bank did not want to offend Shang Zhen, the parent official, so they had to exchange more than 200,000 oceans for the provincial political axe at the market price. ”
The bank clerk who came out to explain repeatedly asked the citizens waiting in line for forgiveness, "saying that their bank should also make a profit, if it weren't for Commander-in-Chief Song Zhewu Song saying that if the bank loses money, he will make up for it, the bank will not take such a big risk now, do such a loss-making transaction, if anyone wants to exchange, please come back tomorrow." In a word, banks also have to survive, and they are struggling to hold on to them now.
However, the bank clerk also relayed Jia Jiying's words to the crowd, and Jia Jiying reminded the people waiting for the exchange, "No matter who is in charge of Shanxi, they will work hard to stabilize the Jin banknotes and restore the market value." In other words, the Jin banknote is not hopeless, maybe one day it will return to its original value, and citizens who wish to exchange it should be cautious, unless they wait for the rice to go to the pot, they will try to wait'.
The problem of the Jin banknote recovering its face value one day, the citizens who hold the Jin banknote are not without thinking, which is also a reason why the depreciation of the Jin banknote is still very slow several times even after the silver numbers stop exchanging the Jin banknote in the early stage.
However, after the merchants stopped collecting the Jin banknotes, and it was rumored that the Shanxi Provincial Bank only had a reserve of 300 oceans but issued 148 million Jin banknotes, they had no hope that the Jin banknotes would be restored to their original value.
In particular, Shanxi's private financial heritage is rich, and there are many people who know how to do it, and after their analysis, even according to the current 20:1 exchange rate between Jin banknotes and Dayang, the reserves of Shanxi Provincial Bank should also have 7.4 million ocean reserves. With a reserve of 3 million, the exchange price is still quite high now, and I really have to thank Song Zhewu, a provincial.
Moreover, ordinary citizens can bear the loss because of the limited money in their hands, but those silver trumpets, big merchants and noble families cannot.
Because the Jin banknotes were strong during the Yan Xishan period, they all left a large number of Jin banknotes in their hands, although even if these Jin banknotes depreciated violently, it would not affect their worry-free life, but after all, the large amount of Jin banknotes was also earned by them racking their brains, working hard, and carefully calculating. Therefore, although these people do not wait for the rice to be put into the pot, their anxiety about the exchange is much stronger than that of ordinary citizens.
Therefore, no one cares about the advice of Jia Jiying, general manager of the Northern Investment and Development Bank, and they are now just thinking about how to exchange the Jin banknotes in their hands as soon as possible to make them feel at ease. Some people even believe that Jia Jiying, general manager of the Northern Investment and Development Bank, advises everyone to be cautious about exchanging, and it is likely that Jia Jiying, as the general manager, can no longer bear such losses, and the more they exchange, the greater the bank's loss, and even this may be Song Zhewu paving the way for stopping the exchange.
For this reason, the Northern Investment and Development Bank stopped exchanging money today, which made the people waiting for the exchange even more anxious, and at the same time, people gradually turned this anxiety into indignation, and began to curse loudly at the provincial political axe, and even ignored the police standing in front of the bank to maintain order, and directly cursed Shang Zhen himself. And Che, this kind of cursing against the provincial political axe and Shang Zhen, the unlucky provincial chairman, soon extended to Xu Yiqing and Yan Xishan.
However, some shrewd businessmen are not content to just curse and vent their anger, and it is not their style to sit back and wait for death. If the Northern Investment and Development Bank really no longer converts, then even if the Jin banknotes in their hands will not become waste paper, they will be attached to its actual value, that is, the theoretical exchange rate of 50:1, and they will try to pass on such huge losses to others.
As a matter of fact, as early as a few days ago, some shrewd and quick-moving businessmen had already begun to send people with a large amount of Jin banknotes to hire the cars and carts of those dense transportation companies outside Nanguan at any cost, and drive them to the northwest of Shanxi, where the situation was relatively calm and there was little understanding of the depreciation of Jin banknotes, to grab shopping materials.
In a word, no matter what it is, as long as you are willing to bid, you will immediately stuff you with a lot of money, and the posture is as if what they are holding is not money, but a bomb that will explode at any time, and the sooner they leave their hands, the safer they will be. After spending all the money in their hands, they pulled up their things and left immediately, returning to Taiyuan to step up their sales, and the difference in price could not only make up for their losses, but even make a small profit.
After spending all the Jin banknotes in their hands, these merchants who had tasted the sweetness were unwilling to give up this way of making money, and began to take the initiative to exchange the Jin banknotes with the ocean at a price far lower than the market price, and then went to the remote countryside to snap up all the commodities that could be bought.
At this time, seeing that the citizens who were cursing and venting their anger were anxious, some businessmen keenly seized the opportunity, while sending people to order a car outside Nanguan, and an interview with a probe on the spot to exchange 25:1 exchange rate for Jin banknotes.
After the initial surprise, the citizens waiting for the exchange thought that the chairman of the provincial political axe would take the Jin banknotes to exchange for the ocean, and if the Jin banknotes wanted to restore their original value, they didn't even think about it, and they still exchanged them for the ocean as soon as possible, although they lost more than the exchange in the Northern Investment and Development Bank, and there was some heartache, but they thought that the exchange rate might become lower tomorrow, and they gritted their teeth and began to exchange.
As these people began to exchange, the ratio between Jin banknotes and Dayang immediately fell to 25:1, and another round of accelerated depreciation of Jin banknotes began.
Because of the accelerated depreciation of Jin banknotes, the citizens of Taiyuan and even Shanxi also hated the provincial political axe headed by Shang Zhen even more.
After learning about the situation, knowing that Shang Zhen was fooled, Shang was so angry that he kicked the table and broke the bench in his office, of course, he wouldn't tell anyone what made him angry.
(To be continued)