Chapter 135: The New Banknote Collapses

Ding Xian also has no cure for the root cause.

Overall, Nanjing's trade with Beijing is in deficit, and Nanjing needs more goods from Beijing, which has previously turned a blind eye and acquiesced in the exchange of north-south banknotes. Now once it is cut off, coupled with the internal Yao Guangxiao's troubles. Almost knocking the new banknote back to its original shape.

It's almost a voucher.

It's simply a god who can't be saved.

Not to mention, Ding Xian didn't know anything about these contents, and from an intellectual level, he was completely suppressed.

The only thing he could think of was to find more old Beijing banknotes, which had never maintained the current price comparison and could not fall any longer.

Because if you go any further, something will happen.

You must know that the military salaries issued by Nanjing to the lower levels, the salaries of hundreds of officials, and so on, are all new banknotes, and every time the new banknotes fall a little, they represent that the expenditure of the Nanjing court must be a little more. Otherwise, the purchasing power of these people to get money will be reduced.

These people are no ordinary people. They were the biggest supporters of the Nanjing court.

Once they did not support the Nanjing court anymore. It will be difficult for the Nanjing court to maintain.

Ding Xian could only look for money.

But who to go to?

Nobles, major businessmen, and other rich people, etc.

Ding Xian exhausted all means, both soft and hard. even did not hesitate to raid the family and exterminate the family. Finally got some money. It has maintained a one-to-one price ratio. Although the restrictions are getting stricter. But there are more and more people who want to redeem it.

After all, after this exchange, go directly to the black market to exchange for new banknotes, this time and again, it will be a little more profitable.

It's just money for nothing, who doesn't want it.

And Yao Guangxiao has no restrictions. Yao Guangxiao intervened in a lot of business through Cao Guogong and Wei Guogong, and did not need anything else. It is to sell things directly with old Beijing banknotes and smuggle a large amount of goods into Beijing. If you can't smuggle it, you can hoard it temporarily. With a purchasing power of 300 million yuan, all the cloth, grain, cotton and other goods on the market will be purchased out for a time. Money can't buy anything.

After Yao Guangxiao monopolized the market, naturally many people came to buy it.

Yao Guangxiao made it clear that there should be no new banknotes. As long as Beijing old banknotes, he doesn't care about making money. Although he also made a lot of money, what he wanted was to drive out the new money in such an industry. Under Yao Guangxiao's financial advantage. There are more and more old Beijing banknotes circulating in the Nanjing market. And there are more new Nanjing banknotes in circulation.

Without him, when everyone knew that Nanjing's new banknotes were unstable and would depreciate, most people would spend them.

Under Yao Guangxiao's efforts, after one industry after another does not use new banknotes, the circulation scope of new banknotes is getting smaller and smaller. In the end, it was all about dealing with the imperial court, and at this time, although Ding Xian was still struggling to maintain the central bank's window to maintain a one-to-one exchange.

But the price comparison on the black market has been infinitely close to one to two.

Ding Xian is at the end of his rope.

First of all, they suffered from the imperial court. The depreciation of the new banknotes, if the imperial court maintains the original tax, it is equivalent to the imperial court suffering a big loss in the matter of taxation. Moreover, a large number of old Beijing banknotes flowed out, and Ding Xian lost money.

This cost is no longer affordable.

Secondly, the cost of living for officials and non-commissioned officers is increasing day by day.

Many people have already reacted to Ding Xian.

Ding Xian didn't care much about himself. After all, Ding Xian is no longer the poor boy he was at the beginning, and now his family wealth is not an adjective. Even if it is depreciated, Ding Xian has no problems in life, not to mention, from the beginning of this turmoil, Ding Xian has already disposed of his property.

He didn't make much money from the turmoil.

Because he knew that if he made money from this turmoil, it would be too eye-catching. It's just a way to make yourself not lose much, but there are still some of them.

But many officers and non-commissioned officers cannot afford this price. They all only lived on the Yulu, although Zhu Yuanzhang had increased the Yulu of the Ming officials at the beginning. But not much. Now it has depreciated by more than half.

Not at all

Acceptable.

It's just that no matter whether Ding Xian is willing or not, things have come to this point, and he can't help the rest of the things.

He was forced to close the exchange window.

And there was a salary increase and a tax increase to maintain balance in the imperial court. But he never expected it. The impact of his doing so was too great, and after he rashly closed the window, the ratio of the old banknotes to the new banknotes was not one to two.

It's one to four.

Yao Guangxiao did not hesitate to start and smashed the ratio to death.

No one rescued the city anymore. From one to three, one to four. Smash down almost without limits.

Within a day, the policy that Ding Xian had just formulated was already outdated.

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Ding Xian knelt in front of Zhu Yunwen.

Speechless.

Zhu Yunwen's eyes were full of murderous intent, and he even wanted to rush up and slash this person at this time.

Because of the collapse of the new banknote, the impact of all aspects has come.

First of all, there are hundreds of officials, many low-level officials, and now they can't even eat enough. That's it, the most important thing is the army. The army is even at risk of mutiny. The army has to be paid, and if you don't have money, why should they make you a soldier?

Not to mention that the firearms army needs a lot of logistical materials to maintain, and the collapse of new banknotes, one price a day, resulting in many goods in the market are no longer available. Many businessmen are afraid to open their doors to do business. Because if they don't use the new money, the court will find them trouble. After all, they are doing business with the imperial court. But if they use new money, the business will not be profitable anyway.

It's nothing more than a question of how much to lose.

But the army needed too much supplies. They simply can't afford to lose. They can't afford to pay for their family's lives.

They had no choice but to close their doors.

However, as a result, all aspects of economic activity were disrupted.

The entire Ming Dynasty is now in jeopardy.

Not to mention, in the face of pressure from Beijing.

Fu Youde was still thinking about a counteroffensive. Don't even think about it now. To be able to keep the army from collapsing is already very powerful. That is, to give up the strategic initiative to Beijing.

In such a situation, how could Zhu Yunwen not want to kill Ding Xian.

It's useless to just kill Ding Xian, who will clean up this situation?

Zhu Yunwen hasn't thought about it yet. He decided to give Ding Xian another chance and said, "Ding Xian, what do you have to say now?"

Ding Xian said, "The crime of the minister deserves death. There is no face to see the monarch's father. It's just that now the situation is dead, and it is not responsible for the court. I want to use my modest efforts to save the crisis in case of emergency."

Zhu Yunwen said, "What are you going to do?"

Ding Xian said, "Please open the treasury and pay the army with gold and silver."

Zhu Yunwen looked at Ding Xian and said, "You know, what are you talking about? How much money is in the treasury? It's not that you don't know."

Ding Xian said, "The minister knows that all the gold and silver in the treasury are only about 20 million taels, which can support the army for about three to five months at most. However, the minister's idea is to mix and distribute new banknotes with gold, silver and grain, which will probably support it for a longer period of time."

This method is to fold the color.

There are many times in the Ming Dynasty that it is used to fold the real thing into a fortune.

This is also a last resort for many people to think of after the depreciation of treasure money.

Zhu Yunwen said, "Even if you persist for a while, what can you do?"

Ding Xian said: "The minister recommended one person, that is, the minister's senior brother Huang Zicheng. He was one of He Thief's favorite disciples, and he was originally in charge of Shaofu's affairs. The minister thought that he should follow the example of He Thief's old deeds in Liaodong and issue bills. The so-called materials on the market were collected in the hands of the imperial court. Use it with a ticket, and gather manpower and material resources from all over the world for the use of the imperial court."

"The previous folding color was to buy time for the court to adjust."

Zhu Yunwen didn't understand what Ding Xian meant, and said, "What He Xi did in Liaodong, can there be any performance?"

fourth

Xian immediately presented a letter to both hands, and he had already prepared.

Zhu Yunwen took it over and looked at it carefully. Lost in thought. And Ding Xian's back has been soaked through cold sweat. He didn't know if this method could fool Zhu Yunwen over.

That's right, it's just fooling the past.

Zhu Yunwen may not know, but Ding Xian does. He Xi's method was very reluctant to implement in Liaodong, let alone in Nanjing.