Chapter 84: Ding Xian's worries

Ding Xian encountered problems in many things.

Needless to say, there are other questions.

The biggest problem he encountered was that there was no collateral for the issuance of new banknotes.

Yes. The biggest problem with Beijing's banknotes is that they can always be exchanged for gold and silver. Banks in Beijing have such business, and even silver dollars have been circulating in the market. One silver dollar for one dollar banknote can also be exchanged for one or two treasury silver.

Such exchanges have been going on all the time.

For this reason, He Xi stored tens of millions of taels of silver and millions of taels of gold as hard currency. It can be regarded as the ballast stone for the imperial court to issue currency. Of course, this amount is too different from the more than one billion yuan issued by the imperial court, and it is estimated that it is not even one-tenth.

Even He Xi has been looking for hard currency in various ways. For example, to open a bank, let the deposit to be paid below cannot be paper money, it must be gold and silver.

For example, when the gold and silver produced in Japan came out, it went directly to the bank and exchanged for paper money.

Wait a minute.

However, the increase in hard currency has not been able to match the growth of paper money, and He Xi used a lot of methods to fix the value of paper money against gold and silver, in fact, it is indispensable to continue to suck blood from Japan.

Historically, the lowest gold-silver ratio in Japan was 1:4, while the lowest in the Ming Dynasty was 1:12. Even lower. There's a big difference. They were all eaten by the Japanese Invaders.

But now it is different, because Japan has a close relationship with the Ming Dynasty, and the difference is not so big. And the difference is also swallowed up by the banking system.

This alone would be if the bank found more money.

But there was no hard currency in Nanjing.

It can't be said that there is none, until the war between the north and the south, the gold and silver of Sado Island continued to flow to Nanjing. Among the Nanjing treasury left by Zhu Yuanzhang, there were at least tens of millions of gold and silver, even more than the gold and silver in Beijing at that time.

But in the end, all the gold and silver were spent.

The reason is simple, the imperial court has no money. This gold and silver is money.

Of course, there are also many dignitaries and dignitaries, and they also have a great interest in hard currency. Even a lot of gold and silver in it changed hands many times before it came into the hands of Beijing.

It's just that once it is in the hands of the Bank of Beijing, there is no possibility of coming out.

There's a problem.

If you exchange banknotes, it is better to exchange the new Nanjing banknotes for the old Beijing banknotes. Old Beijing banknotes can be exchanged for silver. Genuine silver. Although it is said that if you want to exchange old Beijing banknotes for silver, you must go to the banks in the north, and they are the head offices of the provinces. Otherwise, the following banks do not provide such services, and the banks under the jurisdiction of Nanjing, which are now used but are still old banknotes in Nanjing, but in essence. They can go to Beijing to exchange money.

But can Nanjing's new banknotes be exchanged for silver?

Naturally, it can't.

Where is there so much silver in the Nanjing Imperial Court, and the last bit of silver is not used as a reserve. It's to support the next few months. I really think it doesn't cost anything to fight.

Of course, if someone takes tens of millions of yuan to go to Beijing to exchange for silver, see what He Xi does for him. It must not be exchanged.

But if ordinary people exchange a few taels or millions of taels, or even some people exchange ten thousand taels. 100,000 taels, it's still okay.

At least He Xi did a good enough job of face work.

But Nanjing can't even do the simplest whitewashing of the peace.

With Ding Xian's ability, how could he not find the problem.

He had been preparing for it, and he wanted to use other methods to replace gold and silver as collateral. It's just that there are a lot of problems in other ways, and the first thing he thinks of is food. The question is also very simple.

Who has the power to set the price of food?

Whether it is possible to control the bulk grain trade.

This matter, during the Hongwu period, was categorical. But now there is a question mark.

Ding Xian actually discovered that the bulk grain trade was not actually controlled by the imperial court, but in the hands of these scholars. Naturally, these scholars were not grain merchants. And Da Ming has not yet grown a grain that can affect the grain

price of grain merchants.

It is impossible for the Ming court to allow such awesome characters.

However, the scholars have a lot of food at home, and if they join forces, they can indeed have a certain impact on the price of food.

If Ding Xian is Fang Xiaoru, this matter is very easy to handle. Fang Xiaoru's influence is enough to settle many things. But Ding Xian does not have this influence. Even many scholars and doctors hated Ding to the core.

Grain pricing power is a very troublesome thing.

Ding Xian obviously doesn't like trouble.

So Ding Xian didn't move, he had a premonition that there were many problems.

But it is obvious that Zhu Yunwen can't wait.

It's true that a lot of money is needed in all aspects, no, a lot of money.

Ding Xian thought about it for a long time and finally had an idea.

After Ding Xian descended to the court, he first went to the Duke of Wei's mansion. Have a long talk with the new Duke of Wei, Xu Huizu.

Xu Huizu immediately invited Li Jinglong and Yao Guangxiao to the house.

Yao Guangxiao was taken aback when he heard what Ding Xian told Xu Huizu, and said, "How dare he do this Ding Xian?"

Xu Huizu sighed and said, "I didn't expect him to do this. In that case, what should we do?"

Yao Guangxiao also fell into deep thought.

Ding Xian came to a magical operation.

That is to use the old Beijing banknotes as hard currency.

as collateral.

In other words, it is relatively easy to find a way to collect a large number of old Beijing banknotes first. After all, the Nanjing Imperial Court is the Imperial Court no matter what, as long as you want to, there is always a way.

The next thing is to follow Beijing's practice one by one, but to exchange gold and silver for old Beijing banknotes.

New banknotes are then issued on a large scale, and the new banknotes maintain a one-to-one exchange of the old banknotes.

And with the credit of the Nanjing court to endorse it, it can be issued to the court officials, military salaries, etc. In this way, the court will have cash in its hands. As for the rest, it is like Beijing's approach. On the surface, it can be redeemed one-to-one. But in fact the exchange was restricted.

Even Ding Xian had already thought about it.

He was going to carry out compulsory settlement at the customs, and all the Beijing banknotes entering the territory of Daming were exchanged for Nanjing banknotes.

So for Yao Guangxiao, this is a very magical thing.

He would have wanted to make the difference. wanted to collapse the credit of Nanjing's new banknotes, but never expected that Ding Xian would come to this hand. It seems that the price of the new Nanjing banknote is linked to the Beijing banknote.

To engage in Nanjing banknotes is to engage in oneself.

For a while, Yao Guangxiao was also confused.

Yao Guangxiao thought for a moment and said, "What did he come to Guogong for?"

Xu Huizu said: "He hopes to give up, and all the nobles will give out a sum of Beijing banknotes and deposit them in the newly opened bank as collateral. He allowed each of us to open a banking business."

Yao Guangxiao said, "This Ding Xian is really Brother He's disciple. That's exactly what happened. It's all a little weird."

Isn't this the policy before He Xi?

He Xi's policy brought him hundreds of millions of national bonds. At the same time, the private usury market has been brought down. It greatly impacted the local economic system and the economic foundation of scholars.

Ding Xian can follow He Xi closely in many thoughts, which is his biggest advantage, because he has followed He Xi to class, and he can understand many of He Xi's actions. After understanding, you can copy it.

It is important to know that in many things, copying homework is not a simple matter.

Li Jinglong didn't care about this, he said, "Can he make the imperial court restrict usury everywhere like Beijing?"

Xu Huizu said, "He said yes. I just need help from all over the country."

Yao Guangxiao was silent for a while and said, "Is Ding Xian crazy? Zhu Yunwen asked him to do such a thing?"

Xu Huizu was silent.

Li Jinglong was a little puzzled and said, "Why did Mr. Yao say this?"

Yao Guangxiao said: "I don't understand yet, Ding Xian did this because he wanted to exterminate some people, but

It's because he doesn't have the strength in his hands that he wants him to provide a name in the center, and you can start everywhere. It's just that Ding Xian hasn't thought about it? He's doing it here, how will it end up in the future?"

Li Jinglong was stunned, he was not a fool, and immediately figured it out.

Civilians, nobles, relatives, and emperors, these forces are mutually balanced and mutually influential. In Beijing, businessmen have also taken the stage as a new force as a member of the counterbalance. But this is not the case in Nanjing.

Because Beijing already has a well-established business law, it may not be possible to enforce it in other places, but it is no problem in Beijing.