The imperial meal was placed in front of the table, but Zhu Youzhen did not mean to move the chopsticks at all.

"You mean. Did you run into difficulties with the pilot banknotes? ”

"Originally, the banknotes backed by national bonds did work well in Beijing, Tianjin and coastal areas, and the people were very willing to accept this unfamiliar model, but then we understood. The people have not forgotten the problem of the large-scale devaluation of the Ming treasure banknotes in the past, but because this kind of 'paper money', which itself is mainly bonds, can be exchanged for more silver from the Dutch..."

Zhu Youzhen, who was pierced by Bi Ziyan's words, was a little uncomfortable.

"In other words, the so-called small-scale pilot circulation is just because there were Dutch merchants in that area at that time to endorse the Ming Dynasty?"

"Back to Your Majesty... Now it seems that this is exactly the case. ”

The dark history of the past of the Ming treasure banknote is that no matter how much Zhu Youzhen has done it, it will be difficult to change the image in the hearts of the people for a while, mainly because most of the people and even officials now have a stereotypical past impression of paper money.

A thin piece of paper that wants to be exchanged for my silver?

Even if you can take this piece of paper to the Daming Royal Bank all over the country to exchange it for cash at any time, it will not help.

Bi Ziyan has found through the investigation during the pilot test that once the people get such banknotes, their first reaction is to resist, and when there is really no way, they will reluctantly accept it and go to the bank to exchange it for silver or copper coins at the first time.

"It's not going to work.. The policy of this paper money is destined to be unfolded, and in the long run, even if it is tried many times, I am afraid that there will be no good results. ”

Zhu Youzhen's brows tightened, and the food on the table did not move at all.

looked at Wang Chengen on the side and felt anxious in his heart, and couldn't help cursing in his heart that Bi Ziyan would not choose the time.

"This new banknote will adopt a new method of issuance, and I will briefly tell you a few points."

Zhu Youzhen diligently recalled the methods adopted by banks in later generations when issuing banknotes.

"First, when I first ascended the throne, I ordered to check the amount of various amounts owed by the imperial court throughout the country, which actually includes the problem of this Ming treasure banknote, and now the Daming Taxation Bureau and the Daming Royal Bank reserve silver is actually not a lot, now it is better to continue to use the Daming Royal Bank directly in the market to recover the benchmark price of 5% above the current market price, and a silver coin can recover thousands of treasure money."

Bi Ziyan nodded again and again.

And Zhu Youzhen is full of bitterness, this feeling of wiping the butts of his predecessors with his own money is really bad.

"Second, order the Royal Academy of Sciences, the University of the Royal Academy of Sciences, the Royal Ordnance General Administration, and the Ministry of Industry to select the best craftsmen in the Ming Dynasty, select advanced printing technology and use printing paper with higher cost and better quality, and do a good job in the development of anti-counterfeiting technology."

In fact, the difficulty of anti-counterfeiting of paper money has always been much higher than that of silver coins, and the most important of them is a cost problem.

Seventy percent of the silver coins are silver, plus the stereotyped open mold is made.

The fine Ming Empire silver coins have only just begun to be introduced to the market in various places, and the overall gloss and security are excellent.

If silver is not used as a monolithic metal, silver coins are made.

Iron.. See through at a glance.. Aluminium... Aluminum is more expensive than silver these days.

"The third is to ask the Huangming Newspaper to give full play to its advantages as the position of public opinion in the Ming Dynasty, and begin to gradually pilot the printing of daily newspapers in the province in various places, and strive to solve the problems in the coastal areas through propaganda means, businessmen are not fools, as long as the paper money can be fully guaranteed, there will be no one who is unwilling to use it, it is light and convenient, there is no handling fee and all kinds of cumbersome depository fees, I don't believe they can turn a blind eye to this."

"And after the printing of the new banknotes is completed, they will all be renamed Long Yuan, which is really not possible! It is allowed to print my jade seal on the back of the banknote as a printing pattern! In my opinion, this banknote issuance is in my opinion! Not even inferior to the ongoing war in North Korea! ”

Looking at Zhu Youzhen's solemn face, Bi Ziyan didn't understand.

In the royal library, there are a large number of books on basic finance brought by Zhu Youzhen from later generations, and as the helmsman of taxation, Bi Ziyan has actually taken over the entire Ming Dynasty's finances invisibly.

"Your Majesty, the minister remembered one thing, should we temporarily postpone the frequency of external loans of the Ming Royal Bank, that is, the tightening of the monetary base mentioned in the book, and after the large-scale publicity of the new banknotes came out, all loans will be converted into banknotes, which can also help the use of banknotes to a certain extent."

Zhu Youzhen looked at Bi Ziyan and nodded, "I am very relieved that I will hand over this matter to you, eat and eat, I see that Wang Banban is about to kick you out!" ”

"Obey the order."

"Hahaha!"

....

North Korea.

The news of the arrival of the Jurchens continued to spread among the growing number of North Koreans who had fled to Pyongyang, and the Joseon king was shocked when he heard this.

While the people are in a panic, the royal family remains the same.

The forward army and Hauge's blue flag are like no one's land, and they have not encountered any so-called North Korean troops along the way.

On the contrary, the road was unimpeded, and some North Korean people who did not have time to flee on the road were still being slaughtered by the Houjin army in the process again.

Later, Kim's forward troops arrived under the city of Pyongyang.

The group of Jiannu soldiers suddenly realized a very serious problem, and they seemed to be out of touch with Hauge behind them.

So they began to set up camp dozens of miles away from Pyongyang.

The daily raiding of the surrounding villages that had not yet fled was so deterrent that the Joseon king did not dare to send troops out of Pyongyang for several days with the deterrent power of only a few thousand people.

This made Houjin Qianfeng, who originally thought that once North Korea attacked him at night, he would have to run away overnight.

"Hahaha! How can there be such a weak country, this North Korean is as soft as a sheep! ”

"Shhhh But those women are as gentle as water! ”

"Hahaha!"

On the city wall, a large number of North Korean soldiers watched the Houjin soldiers outside the city singing songs night after night, camping and looting around.

A large number of North Korean women are captured every day, and the pain wails of those North Korean women can still be faintly heard on the Pyongyang wall at night, but even so, the North Korean king still does not dare to go out of the city to fight with Houjin, even in the city of Pyongyang at this moment.

A large number of North Korean soldiers were gathered, and tens of thousands of people would attack once they were unprepared.

No matter how strong the Houjin soldiers are, they will also have the share of running away.

But they still pinned their hopes on the early arrival of the Great Tomorrow Army, and on the early retreat of these Houjin Tartars.