When he decided to open a money bank and develop the financial investment industry in Datang, Li Anran, who knew very well that Datang's original monetary system was quite imperfect, decided to promote paper money, that is, money tickets, and at the same time, he also designed and manufactured a batch of new money.

Although Li Anran knew that the appearance of paper money in the original (calendar) (history) was an inevitable process, but considering that there was no concept of paper money in the Tang Dynasty, coupled with the difficulty of paper money promotion, the emergence of new money has become a key step.

It's just that when Li Shimin picked up a roll of cylindrical paper bags marked with ten taels of gold and opened it, he was surprised to find that the so-called gold coins in it were not only more delicate and beautiful, but also different from ordinary coins, there was no square hole in the center.

"Real person, why does this gold coin look like this?" Li Shimin, who picked up a gold coin and played with it in his hand, looked at the zodiac pattern, year name and clear currency value on the front and back that were obviously completely different from ordinary coins, and asked.

Li Anran, who knew that the other party would ask this, explained with a smile: "Your Majesty, the reason why traditional coins are minted in the shape of square holes is to take the meaning of "the sky is round and the place is round", and on the other hand, it is to make the coins easy to carry. ”

Speaking of this, Li Anran also made a gesture to string the rope through the middle of the coin, and then continued: "But in my opinion, the most important reason why the coin is minted into a square hole shape is because this shape is more material-efficient. ”

Regarding such a statement, Li Shimin quickly reacted. At that moment, he nodded and said, "What the real person said is extremely true. So why did a real coin look like this, and what was the purpose of the tooth marks on the edge of the coin? ”

It is said that the coins in front of him really have to be investigated and properly belong to the counterfeit coins that were privately coined. But Li Shimin, who was the emperor of the Tang Dynasty, didn't even mean to pursue or be angry about it, as if he hadn't thought of this problem at all.

As for Li Anran, he naturally did not say that the reason why he minted this kind of gold coin was entirely because he borrowed the shape of the coins of later generations, but said with a smile: "Your Majesty, since it is new money, it must be distinguished from old money." Otherwise, it is easy to go wrong. ”

"As for the tooth marks on the edges. On the one hand, it is for the sake of aesthetics and anti-slip, and on the other hand, it is to prevent someone from scraping off a part of it for profit, and once the merchant receives a coin that has been scratched, he will reduce the loss by weighing. ”

"That's the way it was," I quickly figured out that this question should refer to the forged Li Shimin. I have to admit it. It is indeed feasible to use the tooth marks on the edge of gold coins to prevent people from making some illegal profits. At the same time, it is very necessary.

After all, even if the copper coin is counted, the value is not high, even if it is scraped, it is meaningless. But this is not the case with silver and gold, which are significantly more valuable. Although there is not much scraping on a single coin, it can't stand up to add up to a lot, and it is considerable.

Crucially, this behavior also has a significant impact on the circulation of the coins themselves. Once a large number of scraped coins appear, it will inevitably make the people disapprove of this kind of coins, and Li Shimin has encountered this.

After all, the act of privately minting copper coins has been unavoidable since ancient times. That is, in modern times, it is easier and easier to distinguish (counterfeit) (banknotes) through various anti-counterfeiting marks, but even so, counterfeit banknotes are still repeatedly banned.

In Li Shimin's view, the gold coin in his hand can definitely eliminate the possibility of counterfeiting to a large extent in terms of shape and craftsmanship alone. At the very least, as the king of a country, he has never seen such a beautiful coin.

For example, the dragon on the obverse of this gold coin is not only so detailed that you can see even a piece of dragon scales clearly, but even the whiskers next to the dragon's beak are also delicate. Li Shimin really couldn't figure out what kind of craftsmanship could condense such a fine pattern into a small coin.

However, when he thought of the various magical powers displayed in front of him in front of him, Li Shimin couldn't figure it out, but he was not surprised. After all, compared to those unpredictable and mysterious supernatural powers, this little trick is really not worth mentioning.

Thinking of this, Li Shimin easily opened the other two round strip paper bags with different colors in the box, and unsurprisingly saw that the style was exactly the same as the gold coin just now, but the silver and copper coins were a little different in size.

"Half two-legged silver? When Wuwen? Looking at the face value on these two coins, Li Shimin asked with some puzzlement: "Real person, half a tael of silver is nothing, but this copper coin with five texts, will the face value be too big?" ”

Regarding such a question, Li Anran explained without surprise: "Your Majesty, the reason why the face value of copper coins is made as Wuwen is naturally not blind. First, this money is not only good (color), but also the materials are indeed much stronger than ordinary copper coins. ”

"Well, with this copper coin of Wuwen, when encountering some small transactions, it can also make those old coins continue to be useful. Otherwise, once a copper coin is minted, the old money with a relatively poor (quality) will be eliminated. ”

In the face of such an explanation, Li Shimin, who had read the book "Theory of Money" before, could somewhat understand the meaning of it. He nodded and said, "With these three currencies, is it possible to avoid the possibility of bad money driving out good money?" ”

"Your Majesty, the so-called phenomenon of 'bad money driving out good money' is generally based on the premise of information asymmetry. If both parties to the transaction have a good understanding of the (quality) or authenticity of the currency, it will be difficult for the holder of the bad currency to use the bad currency in his hand. ”

"At that time, even if there is still no way to completely eliminate bad money, it can only be used according to the 'actual' value of bad money, not its 'fiat' value. Of course, deliberate deception is a different matter. Looking at the coins spread out on the other party's table, Li Anran said with a smile.

"Real person, then the money ticket you issued is ......" Putting down the three coins in his hand, Li Shimin took out a few banknotes with different denominations from the box, but the surface patterns were far more complex and colorful than the three kinds of coins, and asked.

Li Anran actually knows very well that whether he opens a money bank, issues new money, or even engages in investment and financial management, with his magical powers, even if Li Shimin sees something, he will not turn his face with himself for this matter.

After all, new money is also money, not to mention the gold, silver and copper coins issued by themselves, whether they are in terms of modeling, anti-counterfeiting technology, or (color), they are definitely not comparable to those low-quality old coins in circulation today.

From the perspective of Datang's interests, the more new money is issued, not only is it not a bad thing, but a good thing. Not to mention, just by nationalizing the new money and then recasting it into old money, the profit from this entry and exit is already considerable.

Silver and gold, on the other hand, are not yet in circulation. But the value of these two precious metals is not limited to the realm of money. Even, in the fields of jewelry, handicrafts and so on, the value is even higher.

Just as in the past, some people recast a large number of copper coins into various bronze utensils to make huge profits, the more silver and gold coins are issued, the same will be the same as copper coins, for Datang, it is not a hundred benefits and no harm, at least the advantages outweigh the disadvantages.

As for investment and financial management, it can indeed promote the business prosperity of Datang. In addition, the (business) (industry) (tax) that has been tried very well on the commercial street, even if the Celestial Empire (people) (people) (silver) (bank) (bank) can make huge profits from it, Datang can also benefit.

In this case, Li Shimin will stop himself only if he has a problem with his brain.

According to Li Anran's estimate, the only thing that can make Li Shimin, who is the emperor of the Tang Dynasty, and the ministers and famous families not very satisfied, is that the bulk of the profits will be occupied by the Celestial Dynasty (people) (people) (silver) (line), to put it bluntly, it is red-eyed.

Fortunately, whether it is from the benefits of the appearance of the Celestial Empire (people) (people) (silver) (line), or the powerful supernatural powers he has shown and the mysterious background of the true immortal in the upper realm that he has fabricated, it is enough to calm the scene, and there is no need to worry about what problems will arise.

Even if there is a problem, it can be used to pass the time of boredom for Li Anran. (To be continued......)