Chapter 144 Currency Reform

"Since the revolutionary army entered Sichuan, a total of 1,126 criminals have been arrested for counter-revolutionary crimes, and all of them have been executed; The property of the counter-revolutionary criminals, valued at a total of 38.95 million yuan in silver dollars, has been confiscated......"

Before the start of the currency reform meeting, Zhou Shisheng, chief of the police department of the provisional government, made a brief "public security briefing".

"A child is a child, and I don't know how to be restrained."

"Hmph, why are you here to read this? Is it a good example to kill chickens and monkeys? ”

"Who doesn't want land? I don't believe it, this person surnamed Xie dared to kill all the people who had land in Sichuan. ”

The parliamentarians began to cheer each other on, but everyone said this, but they all understood in their hearts that today's currency reform is Xie Niancheng's bottom line, if today's currency reform plan can't be smooth, it is estimated that someone in this room will be pushed out as a chicken to be killed in public.

"Within this month, the Bank of China will be established, and the Bank of China will be responsible for issuing 'renminbi', and the value of the renminbi will be linked to gold, and every yuan of renminbi will be exchanged for one gram of gold; before February 1, all gold, silver, and foreign currencies in Sichuan must be exchanged for huàn into renminbi. After 1 February, all circulation of gold, silver, and foreign currency was banned, and anyone who held it was shot for whatever reason. ”

"In addition, the Bank of China will also set up Tianfu Bank and Bashu Bank, these two banks are commercial banks, which can deposit and take out loans, and those who deposit RMB into it will have an annual interest of 5%, and the interest on private loans shall not be higher than 20%."

The regulations of the currency reform are clear to the parliamentarians.

Immediately, someone stood up to speak: "Commander Xie, I see." In this article, it says that private individuals can hold gold and silver jewelry, right? ”

Xie Niancheng nodded: "That's right." Next, I would like to invite the police representative to explain the situation in this regard, and I hope you will take this as a warning. ”

Soon, a middle-aged man in a police uniform who was actually a Secret Service walked up to the podium.

This person's face was extremely cold, which made people shudder a little when they looked at it.

"Since the government promulgated laws and regulations prohibiting the creation of gold and silver jewelry, a total of 133 related cases have been investigated and dealt with in Sichuan, involving 133 people. All of them have been shot and all their belongings have been confiscated. Of the 133 craftsmen, 102 have been shot, and the other 31 have reported to the government on their own initiative. Half of the property of the victim who was shot was obtained. ”

After saying these few words, the man's eyes looked down.

Everyone he saw was cold. Among the people here, there are a few who have made jewelry after the ban was issued, and they are all a little hairy.

After Brother Bing Leng stepped down. Xie Niancheng continued on the stage again: "Some people may not know about the ban last time. However, the government will investigate those who make gold and silver jewelry without permission. However, if the jewellery is reinstated by February 1, the government will not pursue the reinstatement of gold and silver. ”

Xie Niancheng's extremely tough stance today made the parliamentarians below understand that today's matter is non-negotiable.

The parliamentarians can not believe that Xie Niancheng led the revolutionary army back to Sichuan in order to develop industry and economy. You can not believe that Xie Niancheng is not selfish in what he does, but they all believe it. Xie Niancheng really wants the gold and silver in the hands of the people of Sichuan.

However, it is a matter of everyone's net worth, and some people still stand up and question it.

"Commander Xie, you said that we all took out real money and silver, but you set up a bank and exchanged our gold and silver with worthless pieces of paper, where is there such a reason in the world?"

The person who spoke was a landlord from a small remote county, and he belonged to the group of people who could not understand Xie Niancheng's concept the most.

"This parliamentarian, the currency reform plan makes it very clear that the value of the renminbi is linked to gold, and one renminbi can be exchanged for one gram of gold."

"Then why did you go to such great lengths to take away the gold and silver? Wouldn't it be enough to use gold and silver directly? ”

I'm going to explain that to you here...... In this currency reform, the gold and silver we collected, I thank someone, and tens of thousands of soldiers of the revolutionary army will not take a penny from it. The gold and silver were used to buy machinery and equipment, and to hire technicians and skilled workers. ”

"In order to supervise the use of this money, I am here to ask the parliament to elect a supervisory committee, and when the money is used, go with us to Europe and the United States to ensure that this money will not be coveted."

This landlord and old man seem to understand.

Another person who runs a money bank at home got up and said, "Commander Xie, I am a money banker, and I know something about banks...... Nowadays, many countries issue paper money, but behind these paper money, there is gold as a reserve. As you said earlier, the value of the renminbi is pegged to gold. But you said that you want to spend all the gold, so how can I guarantee the value of the RMB? ”

Seeing that there are knowledgeable people who come out to question, the happiest person is not those conservative parliamentarians, but Xie Niancheng. Now Xie Niancheng is not afraid of people who know how to come out to discuss, but he is afraid of those who oppose it because they don't understand.

"This gentleman asked, it is true that our Bank of China does not have gold as a reserve, but gold and silver are things that cannot be eaten by hunger or clothing by cold. Therefore, the reserves of our Bank of China are physical reserves, which are grain and cloth, and the government will set up several government-run grain stores and cloth stores. ”

"The prices of government grain stores and cloth stores are linked to the grain and cloth that can be bought with one gram of gold in the Shanghai and Guangzhou markets, and in Shanghai and Guangzhou, one gram of gold can buy as much grain and cloth as one yuan in the market. Therefore, after you get the RMB, if you are not sure that the value of the currency is stable, you can buy grain and cloth. ”

"However, I believe that after you get the RMB, you will not buy grain and cloth, because in the future, we will have countless good things for everyone to buy."

After the currency reform, physical goods were used as a guarantee to ensure the value of paper money...... This is the first step in Xie Niancheng's series of capital operations, and it is also one of the key steps of the entire reform.

With the currency reform, Xie Niancheng can obtain a large amount of gold and silver without having to give out anything. After having gold and silver, Xie Niancheng will use the gold and silver to buy a large number of machines and equipment and hire technicians.

After purchasing the machine. Xie Niancheng will use these equipment as collateral to obtain loans from banks run by Kong, Song and other families, and then use the loans to buy grain and cloth in Jiangsu and Zhejiang and transport them back to Sichuan. Use these grains and cloth to keep the value of the currency.

In order to buy more machine equipment, Xie Niancheng also plans to cooperate with the Confucian family and the Song family to issue "Sichuan Construction Bonds" in Shanghai, and the interest rate of this bond will reach 20% per year.

Xie Niancheng is also confident in repaying the loan with an annual interest rate of 10%.

Because of the news from Mandelian. The situation in Europe is becoming increasingly tense, and war will break out by 2015 at the latest. After the outbreak of the European war, the price of grain cloth is bound to skyrocket. When the time comes, we will casually sell the grain and cloth we have borrowed money to buy this year, and it will be more than enough to repay the loan.

For the repayment of bonds with an annual interest rate of up to 20%, Xie Niancheng is more confident.

If Sichuan builds a qiēshun lì, a year later the product is produced. Enough to preempt Europe after the outbreak. The market for light industrial products in the vast Chinese market.

Of course, Xie Niancheng will not talk about these follow-up plans to these financial idiots here.

"However, we have handed over all the gold and silver, and now you say that you can buy grain and cloth, what if you can't buy it?"

Xie Niancheng continued to explain: "Don't worry, it's absolutely no problem to ensure the supply of grain and cloth, and now I would like to ask the Governor of the Bank of China to explain it to you." ”

Yang Yuwei, who was wearing a new-style suit, walked up to the podium.

Her voice has a Wu accent, soft and glutinous. Very nice to hear.

"Hello everyone, let me explain the credit problem of the renminbi."

"We are RMB. The first issuance is one-to-one with gold and silver, so there is no over-issuance at all in terms of issuance. At present, our bank is also supervising the reserves of the Provisional Government, and the reserves of grain and cloth of the Provisional Government are no less than our estimate of the amount of gold and silver held in Sichuan. ”

"From the perspective of currency reform, there is no need to worry about whether the renminbi can buy goods. Judging from the calculations of our bank, it is very likely that a few months after the issuance of the renminbi, there will be a shortage of issuance, leading to deflation in the market. Therefore, I am here to ask you in advance to get the RMB, if you don't use it, please deposit it in the bank to help us develop the economy of Sichuan. ”

What Yang Yuwei said, most of the parliamentarians listened to it with an unclear feeling.

The parliamentarians themselves did not understand, but they still consulted the people who opened the bank, and a few even called Shanghai to ask, and the answer they received was:

This renminbi is actually endorsed by the strength of the revolutionary army. If Xie Niancheng's 17th Army can control Sichuan, then judging from Xie Niancheng's plan, the credit of the renminbi should be guaranteed.

At this point, most of the legislators are already willing to implement the currency reform.

They also understand that if Xie Niancheng really used all the gold and silver to buy industrial equipment, then this currency reform would be beneficial to the entire Sichuan economy.

Xie Niancheng finally threw out a fruit:

"I would like to tell you one more piece of news about industrial development in advance...... Everyone can buy the industrial equipment that we exchange for gold and silver, but if we don't sell our land and hand over the gold and silver for RMB, we can't buy these industrial equipment. I'm talking about this, I understand naturally, I really don't understand, I don't want to persuade anymore, in a word, if the currency reform plan can be passed, it's best for everyone to take out all the gold and silver at home. ”

"Gold and silver are placed there, and they can only become less and less valuable, and industrial equipment is a hen that lays golden eggs. It is much better to change the renminbi and put it in the bank to eat interest than to store gold and silver at home and wait for it to depreciate. Therefore, I advise everyone not only to exchange their own gold and silver, but also to go to other provinces to exchange or borrow gold and silver back. If you miss such an opportunity, you won't have it again! ”

After a short break at noon, the lawmakers began to vote.

According to the rules of the Parliament, bills involving important matters must be approved by more than eighty percent of the people.

The final result was 91 votes to 9 votes, and the Sichuan currency reform plan was officially opened!

In addition to Xie Niancheng's reasonable plan, the more than 1,000 monkeys that were shot in the morning also contributed to such a result. (To be continued......)