Daming's money bank has a set of systems that it thinks are perfect, but in fact there are still loopholes.

The chief told Zhu Yuanzhang that what Hanhan gave was not institutional, and that it had been written into a book for people to learn.

"Integrate the gold and silver shops, and integrate the people they haven't been arrested, and it will become a county-level bank?"

After listening to it, Zhu Yuanzhang summed it up.

The head office, branches, and sub-branches of the head office, branches, and sub-branches are all commercial banks.

There is also the central bank, which is prepared for the issuance of credit currency in the future, which is much more formal than the printing of treasure money in the normal history of the Ming Dynasty.

The treasure money in history is blindly printed, in order to loot the people's money, like the later period of legal tender.

When fiat currency first appeared, it was actually very stable, pegged to foreign exchange.

"Your Majesty is right, it is a matter of implementation by specific local grading departments." The governor agreed.

"We're going to start using credit money?" Zhu Yuanzhang now knows some knowledge of currency, and he is looking forward to seeing how credit currency is issued.

"Your Majesty, I am just preparing to give us the ability and foundation to issue credit currency, and for the time being, we will adopt the gold and silver standard system.

If gold and silver have no purchasing power, then our Ming Dynasty itself has little gold and silver, and the Yi people cannot import gold and silver in the form of currency, which will hinder foreign export trade.

Outside, there is now a gold and silver standard, and several countries in the Wa Kingdom and Liuqiu, plus Goryeo, they are using our copper coins.

You can even see copper coins circulating in the Tang, Song and Yuan dynasties.

It is a good thing in terms of finance, and it is a bad thing in the country, the former proves the recognition of other countries to the Ming Dynasty, or China, and the latter is China's lack of copper and the outflow of important resources.

His Majesty has always wanted to issue treasure money, and it is precisely because of this that the minister who wants to propose the issuance of treasure money to His Majesty has also considered it. ”

The governor shook his head and denied that he wanted to issue credit currency immediately, which was no problem at home, but it was not easy to deal with it externally, and he had to let the outside country have currency to buy things.

Zhu Yuanzhang pondered for a moment: "Is there a lot of gold and silver outside?" ”

"Many!" Li Chang nodded: "With the increase in the export of goods from the Ming Dynasty, and the gradual convenience of sea and land transportation, it will prompt the Yi people to increase the amount of mining and improve the mining technology."

At that time, there may be a situation where the cost of gold and silver mining is reduced, especially for silver, and naturally for copper.

Then the cost of their purchase of Daming goods will naturally drop, so there will be a problem here......"

The governor's voice became louder and he spoke to the ministers.

The external demand for Ming commodities promoted the materials and currencies needed by the Ming Dynasty to be planted, bred and mined in large quantities.

The various countries and tribes where the Yi people are located passively researched new technologies to obtain more Ming goods.

If the outside does not accept the treasure money of the Ming Dynasty, and the technology of planting and breeding is improved a lot, then after exporting to the Ming Dynasty, the Ming Dynasty will not be able to provide enough goods, and the Yi people will exchange gold and silver to take away.

In order to solve this problem, the most direct way for the Ming Dynasty is to ban the export of gold and silver and keep an eye on smuggling, which is a means when there is no way.

A better approach would be to likewise improve the technology of the various industries of the Ming Dynasty and increase the added value of export goods.

Then it is still the inflow of gold and silver, and the amount of gold and silver mined by the Yi people in the future will not be as much as the benefit of high value-added commodities.

At the same time, the output of gold and silver has not been able to match the speed of technological improvement, and now do not give up the gold and silver double standard system, in order to gain the recognition of the people.

Then in the future, gold and silver will be put in the central bank, which will not be allowed to be exchanged, and as a national reserve, it will not be able to flow out if you want to.

At that time, the Yi people can sell gold and silver in exchange for the treasure money of the Ming Dynasty to buy Ming goods, instead of directly treating gold and silver as currency.

Are gold and silver money? Look at the amount of gold and silver reserves in the whole world, unlike farming, planting stubble after stubble, mining has a limit after all.

Gold mines are hollowed out one after another, and so are silver mines, and the land is there every year.

Therefore, tea and silk are indeed good things for normal exports, so ...... It should be used by the people of the Ming Dynasty as much as possible, rather than sold to the Yi people at a low price.

As long as the stock of gold and silver is small, it will inevitably be used as currency by outside countries, especially gold, which can not only be stored for a long time, but also an important material for making jewelry.

Saving more is the confidence of the Ming Dynasty, based on this, the issuance of treasure money, free exchange is allowed in the early stage, and when the outside country is accustomed to treasure money, and there are many times, it is forbidden to exchange.

They can only use treasure money to buy goods from the Ming Dynasty, and they will also use treasure money to buy and sell goods with each other.

As long as the military strength is strong enough and the technology is good enough, the people of the Ming Dynasty will eat cheap meals and use cheap utensils.

I'll talk about that later, but it's not that yet.

Zhu Yuanzhang and the ministers 'studied' together, involving major events at the national level, and the more they listened, the more addicted they became.

"It's a long time! According to you, if you don't issue credit currency, will Daming's money be enough? ”

Zhu Yuanzhang thought about the gold and silver he gave, and was worried about the lack of circulation.

The Northern Yuan Dynasty was beaten away, and the Ming Dynasty was internally stable and had a strong military force, so it was possible to appropriately open up exchanges between various places, especially to carry out migrant workers.

With more grain, livestock, and poultry, the price of salt was lowered, seafood increased, and the people became wealthier and bought and sold more frequently.

Treasure money will inevitably begin to concentrate, merchants have more and more money, and there is enough money outside?

The lieutenant looked at the breakfast that had not been moved: "Your Majesty, you can issue credit currency, but if you don't tell the people, the people don't know."

As long as the amount of gold and silver used as collateral reaches a certain proportion, it can be exchanged for the common people.

In fact, as long as the Ming Dynasty is militarily stable, can deal with natural disasters, and there are no man-made disasters, the people will not think about exchanging gold and silver.

After that, a 10 percent handling fee will be deducted from the exchange of treasure notes, and the collateral of this central bank is equivalent to the reserves of the bank after it is opened.

There is a 20% stability, and under normal circumstances, it is impossible to withdraw that, unless there are too many bad debts for lending.

Some of the people who kept the gold and silver shops were prepared for loans, including tooth shops and pawn shops.

They know the value of the collateral for the loan, including property, property, jewelry, and other things.

In addition, the tooth person is familiar with the situation and knows what kind of person has high credit, which is a credit loan.

Therefore, the supervision mechanism must be perfected, multiple people cross-review, and finally sign before the money can be released, and all problems can be cleaned up.

Your Majesty, why don't we finish our meal and then continue? It's all cold. ”

In the end, the lieutenant advised everyone to hurry up and eat, if you don't eat now, and later, will you still eat at noon?

"Ahh Zhu Yuanzhang suddenly reacted, what about eating!

"Zhuqing, eat quickly, let's eat pies and dip ...... Is this dogwood sauce? Put minced garlic. ”

Zhu Yuanzhang wanted to dip soy sauce when he let others eat it, and he never put a lot of salt in Xiaqiu Village to make stuffed things, in case someone can't eat too salty, they can't eat it if they put too much salt.

If you feel light, you can dip it in the sauce, or eat side dishes.

(End of chapter)