(Finally caught up with the update, I was moved to tears ~~~~ not moved, it was a cold and uncomfortable, a heavy cold~~~ begging for subscription~~~~)

Li Yu auctioned out a bill of exchange, the country's largest cabinet fang Wang Ji cabinet fang bill of exchange.

Several prime ministers took the bill of exchange and looked at it for a long time, and Yu Di said in wonder:

"This can also be used as money?"

Li Xun also looked at Li Yu with puzzled eyes. Li Chanted:

"This bill of exchange was deposited by Mr. Wang (Wang Shuwen) at Wang Kee's Suzhou branch and then sent to me along with the chapter. With this bill of exchange, I can go to the general counter of Wang Kee to cash it. In this way, if I want to use money, I don't have to travel thousands of miles to Suzhou, as long as I deduct a little handling fee in Chang'an, I can take out the money and use it. Of course, it costs a little bit to deposit and take out this money for safekeeping, but this cost is compared with the manpower and consumption spent to escort this money to Chang'an, and I don't know how many times it is saved. ”

Li Xun suddenly interjected:

"The minister thought of it, this fee can also be taxed!"

Purely thinking about money and going crazy, several other people were startled by him, and looked at him dissatisfied, but Li Yu looked at Li Xun approvingly, and then said:

"Now, if I am a merchant and intend to carry a sum of money from Suzhou to Chang'an to do business, do you think I am safe and swift with cash, or safe and swift with a bill of exchange?"

Du Huangshang said:

"Your Majesty is the king of a country, how can you compare yourself to a businessman?"

Li Xun interjected again:

"Your Majesty, if the minister is a businessman, the minister will escort a batch of goods to Chang'an, and he will not leave empty."

Li Yu smiled dumbly and said:

"Du Xianggong, I just make an analogy. Lee Sang-gong, even if that's the case, what about the money earned back and forth? Do you take it with you, too? ”

"If you are a minister, you will naturally save the money in the cabinet."

"Well, if this cabinet is old and has a very good reputation, and one day I want to do business but I happen to have no cash, only a bill of exchange or a deposit note for depositing money, is the other party willing to accept my bill of exchange or deposit bill for settlement?"

Several people were taken away by Li Yu all the way, and naturally they had already recognized the cabinet shop. Li Jifu, who had been silent, said in a trembling voice:

"Your Majesty wants to issue bills of exchange in place of copper coins?"

Li Yu nodded and said:

"Even if you don't hit it, it's not far away."

Several prime ministers are all black, and they have been using physical currency for thousands of years, and now suddenly Li Yu jumped out and said that he wanted to change to symbolic currency, so it's strange that he can understand it. Fortunately, Li Yu repeatedly explained that he only set up a national cabinet for the time being to operate some remote deposit and exchange business, for example, the taxes paid in various places can be deposited in the cabinet shop, and as long as a bill of exchange is sent to Chang'an, it can be withdrawn, which saves the manpower and cost of escort. If the reputation of the bill of exchange or deposit is good, you can try to see if it can be used as currency. After all, the modern economic views were difficult for the ancients to accept, and after explaining for a long time, Li Yu even drew a flow chart tremblingly, and the prime ministers only understood a little. With the summer of last year, Yu Di, who came to Chang'an, said suspiciously:

"If that's the case, it would be much easier."

In the end, it was agreed that the Ministry of Households would organize the establishment of a national cabinet workshop. On the question of what should be called this key department controlled by the imperial court that can penetrate the world, Li Yu provided four names for the prime ministers to choose from: cabinet shop, money bank, ticket number, and bank.

Du Huangshang touched his beard and said:

"The people of the cabinet have already used it, and the money village still has the ticket number to look small, since it has been agreed to take gold and silver as the standard, in the opinion of the minister, it is better to call the bank!"

was so shocked that Li Yu almost jumped up. At this meeting, it was decided to establish the Datang Bank, and at the same time began to try to establish a national monetary system on the silver standard. Because Li Yu himself has only some superficial understanding of finance, so this move Li Yu set the tone is "bold assumptions, careful verification", first in Chang'an, Luoyang, Yangzhou, Suzhou four places to carry out the pilot, summarize the gains and losses, improve the system, and then gradually promote, and the beginning of the business is only to accept deposits, remittances, while encouraging the circulation of deposits, bills of exchange, if deposits, bills of exchange can establish credibility, then began to issue banknotes - Datang treasure banknotes.

According to Li Yu's own meaning, since it is a national bank, then as the supreme ruler of the country, his own portrait should appear on the deposit bills, bills of exchange, and later treasure notes, as a guarantee of the country's credibility. The result was unsurprising, and it was unanimously vetoed by the prime ministers, on the grounds of course, that His Majesty had a noble status, and that he was printed on the banknotes by 369 and so on.

"For the sake of beauty, you have to have a pattern, right?"

Li Yu argued with himself and tried his best to fight, Du Huangshang said:

"Pattern, the minister thinks it's Lingyan Pavilion!"

Li Yu had the urge to hit the street, and if he knew it, he wouldn't take him to Lingyan Pavilion.

The design of the ticket is not worried about the emperor, Li Xun, who is responsible for the preparation of the Datang Bank, has taken all factors into account, when Li Xun brought the ticket sample to Li Xun, Li Xun is not cold, after all, no matter how beautiful the design is, it cannot be compared with modern machines. However, when Li Xun introduced the anti-counterfeiting mark and various precautions to Li Yu in the same way, Li Yu was still shocked by the wisdom of the ancients. Shocked, Li Yu, who remembered the various overlord behaviors of modern banks, summoned Pei Yan and said:

"Aiqing should organize a government office to supervise the bank!"

In addition to feeling the need to supervise the bank, Li Yu felt that the behavior of maritime trade should also be defined, Liu Zongyuan is also responsible for maritime trade and management, and it is very dangerous to continue in this way, that is, in the future, certain projects will be handed over to the internal government for monopoly, and supervision is also very important, and the disadvantages of both officials and businessmen are the most.

Thinking that Liu Zongyuan's ability to manage is much stronger than his ability to make money, so two more edicts were issued, and Han Ye, who was originally a member of the Donggong Group, was appointed as the governor of Quanzhou. Two words are clearly mentioned in the will to Liu Zongyuan:

Propriety.

There are no rules, and there can be no square circle.

In mid-July, after intense preparations, Datang Bank was officially listed in Dongshi amid the sound of "crackling" firecrackers. Before the listing, in accordance with Li Yu's requirements, Datang Bank communicated with several long-established cabinets such as Wang Ji, clarified the legality of the existence of private cabinets, and determined the common norms of the industry. On the same day, in the Ministry of Households, the newly established institution CBRC was officially listed. Cheng Yi is actually responsible. With the solid foundation of the treasury and the rules posted on the wall, Datang Bank was quickly recognized by the merchants. The merchants said:

"Listen, it's a cabinet shop run by the imperial court, and even the sound of firecrackers sounds louder than elsewhere."

Li Yu, who could hear drinking tea in the teahouse, couldn't help but laugh and thought:

"Although I'm not good at chemistry, I've always watched "Mine Warfare", right? One nitrate, two sulfon, and three charcoal are still remembered. ”