Chapter 668: Issuing Currency

Myanmar, a country that is not developed in Southeast Asia, has been under semi-colonial rule since the arrival of the British in the last century and has continued until the Japanese invasion.

Although Japan has been driven away, there is still no unified government here, but some local armed forces are slowly appearing in various places.

The current expeditionary force controls two-thirds of Burma from north to south, but most of it is still dominated by a few large cities and towns connected by a rail network.

The central Mandalay province is the central region, with Myitkyina, Bhamo and Nam Kham in the north. It is connected to Pyinbunna, Bago Province, Ayeyarwady Province and Yangon Province in the south.

The most important is the most obscure of the Shan States, the largest state in Myanmar, bordered by Siam to the east and Mandalay to the west, but mostly deserted jungle plateaus, with a very backward population and economy.

However, because of the Heihe base area, Shan State has ushered in rapid development, and the system base is located in the depths of the Kahong Mountains in the upper reaches of the Nam Deng River, less than 100 kilometers away from the military town of Lashio.

Originally, this was a deserted remote land, but after the base was built, the population gathered from Tiannan, Haibei and the north increased dramatically every day.

The population of the base area has now exceeded 500,000, and the small town that started is now growing into a city.

The town of Heihe, which was originally built for Chinese refugees and locals, is now overcrowded, and the few houses that are no longer enough to live in have to be expanded, gradually extending to the east and west banks of the Heihe River.

Liao Mingyu sent tens of thousands of troops left behind in the base area to join the work of the construction corps, reclaiming wasteland, building houses, building bridges, roads and railways... Civil-military alliances take efficiency to the extreme.

The base can produce cement and steel bar, and with a lot of manpower and material support, countless multi-storey houses have risen from the ground.

The system can be exchanged for many highly practical tools and equipment, such as lathes, drilling machines, engines, boilers, etc., compared to weapons, the exchange value is not high, but the effect is not low at all.

With the establishment of factories and mining areas, the base area has rapidly entered industrialization, producing a lot of civilian products, enriching the lives of the people, and also providing a lot of jobs for the residents, so that most of them can get paid with their own hands.

In fact, the Chinese people who were rescued from the concentration camps had many special talents, such as engineers, doctors, and teachers, who were indispensable in the base area, allowing them to make the most of their strengths.

Education is always the first element of regional or national development, Liao Mingyu not only built houses for the people, but also built schools, hospitals and other livelihood facilities, so that children can get the opportunity to be educated, so that the people have a place to treat when they are sick, and won quite a lot of people's hearts.

Liao Mingyu's attitude towards the people was written in the military regulations and military discipline, and his three disciplines and eight points of attention from later generations were engraved in his bones and would never be erased.

If any soldier who does not open his eyes still shows the attitude of the old warlord period towards the common people, he will be punished with a whip and a heavy fine of 30 years, and at worst he will be directly shot and will not be tolerated.

In addition to this, regional management and economic issues are also a big mountain in the chest. Governing a place is different from managing an army, where there are people, there is strife, and when the base area is mixed and the population continues to increase, many evil incidents under the shadow are also soaring.

Although in the early days, the military management method was used to rectify public order by thunderous means, as long as there were ruffians who bullied people to make trouble, or spies infiltrated and stole intelligence, they were directly arrested and executed on the spot.

But this is not a long-term solution after all, so after Liao Mingyu and Fan Shaozeng discussed, they decided to separate some people from the gendarmerie and set up a military police team directly under the headquarters to be used for public security management in the base area.

In addition, through the establishment of a number of corresponding administrative departments and the establishment of civil laws and regulations, the internal management of the base areas will be strengthened to ensure the stability and development of the regions.

At the same time, from the base areas and even the entire Burmese-controlled areas need a unified currency transaction, at present, the army uses the western Yunnan half-open silver dollar or Yuan Datou, and the fiat currency is like paper wiping the ass here in the expeditionary force, which has no value at all.

However, the silver dollar is limited in quantity, which is inconvenient to transport and carry, and only the Chinese people recognize this thing, so most of it only exists in the army and the internal circulation of the base area.

In the past, the troops would issue temporary approval slips to workers recruited in various places as wage vouchers, and the workers could exchange the vouchers for food, clothing and other daily necessities in the logistics office.

When everyone is working hard to survive, there is nothing wrong with this way of exchanging, anyway, people can exchange it for something as long as they can exchange it.

However, with the increasing population and territory, some areas are also ushering in a blowout development, and the free trade of the people is increasing day by day, and it is a little inadequate to use this simple exchange voucher with a single structure, and the pressure on the logistics of the troops will become heavier and heavier.

So Liao Mingyu built the first currency and credit union with the help of the system, and printed and issued banknotes that were 1:1 with the silver dollar.

Tentatively named the Sino-Burmese Cash Exchange Voucher, it is used as a substitute for silver dollars and vouchers of exchange, which can be paid and traded in all areas under the control of the Expeditionary Force.

The cash exchange roll is mainly dark green, mainly polymeric material, which has the texture of plastic in the hand, and is not broken or torn, and is very strong and durable.

The front is marked with a denomination, small numerals with color-changing ink, as well as security threads, currency numbers and watermarks.

For the time being, only the three denominations of 1 cent, 5 cents, and 1 yuan will be issued, which are equivalent to the value of Xiaobankai and Yuan Datou, and other denominations will be issued according to the situation in the future.

The materials and anti-counterfeiting standards used in the exchange volume are quite high, and the system can absolutely guarantee that no country or institution can imitate the light production process in this era, even if it is impossible to do it in another 40 years, which perfectly eliminates the possibility of counterfeit banknotes.

Of course, money can't be printed blindly, inflation is a trivial matter, and a bad credit collapse currency into waste paper is the most terrible.

Currencies are issued according to the monetary standard and real gross domestic product, and there is a system of super artificial intelligence to calculate the issuance and financial problems, Liao Mingyu does not have to worry about this aspect.

All the exchange papers will be printed in the base and then issued through the Heihe Currency and Credit Cooperative, which is currently circulating well in the Heihe base area and several large towns in Shan State, and the people have gradually trusted the existence of this new currency.

Whether it is a Burmese or a Chinese, after all, the people still live on food, everyone knows that in Shan State, you can find a job, have food and money to earn, and live a good life.

Today's Heihe base area is more like a thriving new city, radiating from Shan State to the surrounding areas.