After listening to Li Xun's words, Li Tai's thoughts were suddenly pulled back to many years ago, when he first came to Tongzhou, when he entered the market to buy. At that time, he hated the chaotic currency circulation of the Western Wei Dynasty, and he also made up his mind that he would purge and reform after he took power.

It's just that in the future, as his career gets bigger and bigger, he himself has gradually detached himself from the front-line market transactions, and his feelings about the disadvantages of Guanzhong coins are no longer as strong as before.

Of course, the most important thing is that the water-powered spinning wheel he promoted greatly improved the textile efficiency, so that the silk cloth produced by his industry could enjoy the same purchasing power due to the reduction of labor costs and the improvement of efficiency, so Li Tai's idea of currency reform was less and less urgent than before.

After all, the same goods can be bought with silk, but the cost of his family's silk cloth is far lower than the market average, and this difference alone can make him a big profit in the market trade. The reason why the industrial and commercial trade of Shannan Province is so rapid is also closely related to this.

Now that Li Xin has brought up this old matter, and Li Tai is no longer the leader of the regional forces before, he needs to look at this issue from the perspective of the entire Western Wei regime and society, and his perspective and mentality are different, so he can no longer ignore real social problems because of the profits of the silk trade as before.

In addition to making ends meet, the soldiers also had to buy and purchase a lot of military supplies. For example, as described in the "Mulan Ci", "the east market buys horses, the west market buys saddles, the south market buys bridles, and the north market buys long whips", which makes the demand for these government soldiers to enter the market to buy and sell transactions. The current poor situation of currency trading in the Western Wei Dynasty is a great problem for them.

After all, the entry of these individual sergeants into the market is different from the bulk commodity trading, and can be settled in kind to make up for the lack of currency. Their trading needs are frequent and often not very valuable, so they need a high level of convenience.

The transaction method of using physical objects as currency, the so-called cloth can not be cracked in size, and the grain is difficult to bear, only the money in the world, can help the world.

When it comes to the monetary reform of the Northern and Southern Dynasties, especially the latter three countries, we have to mention Gao Cheng. Gao Cheng presided over the currency reform during the Wuding period of the Eastern Wei Dynasty, and re-minted the Yongan five baht minted during the reign of Emperor Xiaozhuang of the Northern Wei Dynasty, and this currency was as heavy as a text, so as to pass in the world.

However, Gao Cheng's monetary reform, in addition to re-minting enough money, also stipulated that the gates of the market should be weighed in order to weigh the weight of the money entering the market, and the issuance of new money did not prohibit the use of old money, as long as the old money was sufficient, it could still be bought and sold in the market, which greatly reduced the probability of weight loss money and inferior money mixed with lead and iron to enter the market.

This method of casting a lot of money in parallel with market regulation made the stability of the monetary policy of the Eastern Wei and Northern Qi Dynasty for a long time unrivaled that of the Later Three Kingdoms, so that in the later period of the Northern Qi Dynasty, even the rent had to be discounted and paid.

Of course, when the currency system collapsed during the period of Gao Zhan's father and son, that is another story, with the tossing energy of these two masters, they can't bear the blind toss of getting up early and being greedy for darkness to give them a family business of Emperor Wen of Sui.

The Hebei region under the rule of the Northern Qi Dynasty also became one of the most prosperous areas in the world at that time. Gao Cheng's idea of monetary reform has also been used by later generations of rulers for reference and inheritance.

From a class point of view, coinage is undoubtedly a plundering and looting of the wealth of the people. However, from a monetary and financial point of view, it is to add fuel to the economy and make social development more dynamic.

After Li Tai inspected the Xianyang Hussar Mansion, he returned to Chang'an with the two problems of people and money.

After returning to Chang'an, he first summoned Pei Hong, the secretary of the Duzhi Sect, and several other finance-related officials to the Zhitang to discuss a feasible plan for monetary reform.

It's not that Guanzhong has no money, and even minted money two or three times during the Datong years, but because the quality of the coins is too poor, it has not been implemented. For example, in a big city like Chang'an, where there is a strong demand for transactions, there are coins in circulation in the world, but because of various reasons such as the quality and style of coins, whether the transaction can be reached depends on fate, and disputes caused by money and goods also occur from time to time.

At present, there are still a large number of coins stored in the treasury of Chang'an, mainly minted after the 12th year of the Great Unification.

In the twelfth year of the Great Unification, Dugu Xin quelled the rebellion in Liangzhou,

Later, the Hexi Corridor was reopened, and Gao Cheng of the Eastern Wei Dynasty also promoted currency reform in the Eastern Wei Dynasty around the same time, so this batch of coinage was mainly to meet the newly growing trade demand, and to go to the Eastern Wei Dynasty to search for materials.

However, the Hu merchants were not stupid, and the Western Wei Dynasty at that time had not yet established too high a voice in the Silk Road trade, and failed to take advantage of this wave of coinage to loot. The Hou Jing Rebellion occurred in the Eastern Wei Dynasty shortly after Gao Huan's death, and the whole of Henan was in chaos, which also brought to a standstill the commercial and trade interaction between the East and the West.

Although some of this batch of coins were scattered, most of them were still squeezed into the warehouse, and occasionally used to buy materials or reward meritorious people in Bafu City, and did not really circulate in the market.

This is the current situation of the currency of the Western Wei Dynasty, the people lack money to use, mainly because of the lack of good money with high market recognition, and the warehouses of the government are piled up with a large amount of rotten money, which is also difficult to use to loot the people's wealth.

Of course, Li Tai did not want to mint coins to loot people's wealth, but to solve real social problems, so since he wanted to mint new money, he had to mint enough good money. In this way, we can rebuild market confidence and cultivate the habit of using money.

Nowadays, the imperial court has accumulated a lot of copper materials, and it can be opened at any time to mint money. It is only the subsequent release and standardized use of coins, as well as the supervision of private minting and illegal minting, that are the top priorities for the implementation of new money.

Guanzhong has been miscocling with bad money for a long time, and once this kind of good money appears, the first will lead to hoarding and collection, and the second will lead to illegal casting. The coins of the new bank have been in insufficient circulation in the market for a long time, and if they are issued, they will cost the imperial court manpower, material resources and law enforcement costs, and damage the credit of the new money.

After discussing this with his subordinates, Li Tai decided that the newly minted coins would not be directly released to the people, but would be given priority to the military market transactions, first giving credit to the sergeants to form a return flow in the military market, and then gradually enlarging the scale and scope of investment.

The reason for such cautious attempts and restrictions is that the economy of Guanzhong is still small compared with Hebei, and the level of taxation is relatively heavy, and once the value of the small people's wealth fluctuates greatly due to the currency reform, it may even go bankrupt in extreme poverty. In the final analysis, the ability of Guanzhong's society and people's livelihood to resist risks is still relatively weak.

Currencies, which have been in a state of disorder for many years, have been reactivated, and currencies will rise and fall with changes in market confidence while being pegged to commodities. This kind of ups and downs are difficult for the government to predict and control, and can only be gradually stabilized over time through frequent market transactions.

In this process, it is inevitable that there will be some speculation, the money rises and the copper is high, the grain is like soil, and if the bet is right, then you will smile, and if you bet wrong, you will inevitably go bankrupt.

As a policy decision-maker, Li Tai cannot control everyone's thoughts and behaviors, what he can do is to gradually promote it with a cautious attitude, reserve enough time for the society to react and digest, and try to reduce the violent impact of the currency reform on social wealth.

After some discussion, the minting of new coins was approved and added to the government's agenda, and the new currency was proposed as "Tongzhi Five Baht".

The minting of Tongzhi five baht was to meet the needs of domestic market transactions, but today's Western Wei also has a large amount of foreign trade. For example, Longyou, Shuzhong, Shannan, including northern Shaanxi, are carrying out many foreign business and trade activities. And next, Huainan will also establish a free trade zone with Nanliang for mutual commerce and trade, and use it to carry out market trade with Jiangdong.

The Lingzhou Governor's Mansion established in the Hetao area and the Wuyuan Dingbian City under its jurisdiction also had the function of exchanging markets with the Saiwaihu Division, thus strengthening the penetration and influence of the entire Monan region.

At present, Li Tai's domestic monetary policy is to stimulate social vitality, so until the domestic money supply is sufficient, he will not consider the Tongzhi five-baht coin to be implemented outward. Money doesn't grow legs, but people do.

In order to prevent a large number of Tongzhi five baht from flowing out of the country through foreign trade, in addition to restricting the use of Tongzhi five baht, Li Tai also planned to mint a new currency specifically used for foreign trade, which was temporarily formulated as Tongzhi Wanguo money, and the exchange relationship with Tongzhi five baht was one as ten.

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The ten coins can only be used for foreign trade and are not allowed to circulate within the territory. As long as these foreign trade merchants want to trade, they need to sell their goods in exchange for universal money, otherwise they cannot enter the market. As for the confidence that provided Li Tai, in addition to the increasingly powerful military strength of the Western Wei Dynasty, there were also absolutely strong commodities such as Shu brocade and sugar, which had nothing else to offer!

However, before the two new currencies are officially minted and put into the market, there is still some precautionary work, that is, to try to clear the copper materials in the market and control a number of large copper reserves.

Because of its heavy characteristics, the Tongzhi five-baht coin has depressed the profits of private minting, and it is only necessary to beware of withdrawing from the circulation market through various channels. Tongzhi Wanguo Qian is an out-and-out high-profit foreign trade currency, once it is minted by a large number of private mint, the impact is very bad.

Guanzhong money is cheap, and even the price of copper is not very high, and it is not a strong commodity, so the people will not store large sums of money under normal circumstances. And the one that has a large amount of copper is often the Shamen Buddhist Temple.

Under the accumulation of various factors, Li Tai also felt that the big debate in Chang'an, which lasted for more than two months, should be over.

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