"In order to solve the shortcomings of the imperial court's silver settlement, the Royal Bank of the Great Song Dynasty is ready to issue silver coins, and one silver coin is worth 100 yuan."

With the publication of the newspaper, the news about the issuance of silver coins immediately spread throughout Kaifeng City.

"Silver! One silver coin is exchanged for a hundred copper coins. ”

When the Kaifeng merchants saw this newspaper, they couldn't help frowning, this shouldn't be another official issue by the imperial court!

With the experience of the imperial court's indiscriminate issuance of official Jiaozi, the people of Kaifeng have palpitations, you must know that the value of the official Jiaozi at that time was greatly depreciated, but many people lost their money.

"One round of silver coins, nine silver and one copper, you can go to the Royal Bank at any time to exchange for Baiwen copper coins."

As more and more news came, many people were slightly moved, this time the court found not paper money, but genuine silver coins, ninety percent of the silver coins are enough to ensure the value of silver coins.

"The doctor declared that in the future, major hospitals will only accept silver coins and copper coins, and will no longer accept broken silver!"

Immediately, the doctor took the initiative to announce the receipt of silver coins, which immediately added a little credibility to the silver coins, at least the silver coins could be used to see a doctor.

With the leadership of the medical family and the credibility of the Royal Bank, many industries have also announced the acceptance of silver coins.

"Nine silver and one bronze, wouldn't it be that every silver coin court earns me and other silver." There are also businessmen who are very dissatisfied.

Others persuaded him: "It has been publicly explained in the newspaper that sterling silver is too soft, so copper needs to be added to enhance hardness to reduce wear, and copper is also money, and it also costs money for the imperial court to mint silver coins, as long as a silver coin can be exchanged for a hundred copper coins in the Royal Bank, then there is no difference between it and sterling silver." ”

Fan Zheng did not hide the composition of the silver coin, nine silver and one copper, and directly explained publicly that the silver is indeed very soft and easy to wear, which is a recognized fact, and the imperial court still needs to bear the problem of wear and tear in the future, and he believes that the people of the Great Song Dynasty will be able to accept it.

Sure enough, as the first batch of silver coins were put into Kaifeng City and began to circulate slightly, the convenience of silver coins began to appear, and they were soon sought after by the people of Kaifeng.

"Shopkeeper! Checkout! ”

In a restaurant, Fan Zheng accompanied Zhao Xu out of the palace to personally inspect the reaction of the common people to the silver coins, and after he was full of wine and food, Fan Zheng shouted.

At that moment, the shopkeeper of the restaurant came to the two of them, and while making calculations, he said: "A few distinguished guests, thanks to taking care of business, a total of three hundred and eighty Wen!" ”

"Three hundred and eighty wen!"

Fan Zheng sighed slightly, it was not easy to live in Kaifeng City, and it cost three hundred and eighty wen for one meal.

"The store can collect cash dollars!" Zhao Xu asked with interest, stretched out his hand, took out four silver dollars and put them on the table.

"Close! Of course! The imperial court issued new silver dollars, which were in new condition, and each one could be exchanged for Baiwen money! It's much better than broken silver. The shopkeeper nodded repeatedly.

Kaifeng City is prosperous in commerce and transactions are frequent, but many merchants are suffering from the cumbersome exchange of silver and copper coins! The fineness and weight of broken silver are quite controversial, and it is extremely difficult to find money for one or two pieces of silver, and the appearance of one yuan silver coin can be said to solve the urgent need of merchants.

At that moment, the merchant took the silver dollar, blew it lightly, and put it in his ear, and suddenly a pleasant sound came.

"Why is that?" Zhao Xu was puzzled when he saw this.

Fan Zheng explained: "Brother Zhao doesn't know, this is the method of justifying the authenticity of silver coins, silver is malleable, blowing gently, the pleasant sound is good for a long time, but fake silver does not have this sound." ”

"That's true!"

Seeing this, Zhao Xu picked up a silver coin and blew it hard, put it to his ear, and sure enough, there was a pleasant vibration sound before it slowly disappeared.

"This boy is so knowledgeable! This is the reason for the popularity of silver dollars, not only the workmanship is exquisite, but also very easy to distinguish the real from the fake, and it is enough to estimate the price, which is much more convenient than before! The restaurant shopkeeper praised.

He runs a restaurant business, because of the fineness and valuation of broken silver, there are many arguments with customers, more often can only suffer their own losses, now there is a definite value of silver coins, greatly reducing the dispute because of broken silver, settlement change is extremely convenient.

Zhao Xu took the recovered twenty copper coins from the shopkeeper's hand, and was suddenly surprised, he had lived in the deep palace for a long time, and had never used money, and now he used silver coins for the first time.

Next, Fan Zheng and Zhao Xu took silver coins to buy them in Kaifeng City, and sure enough, everywhere they went, silver dollars were very popular.

"Congratulations, Your Majesty, the Silver Coin Issuance has been a great success!" Fan Zheng said solemnly.

The silver dollar itself was very valuable, and its fineness value was fixed, making it easy to distinguish the real from the fake, and it was a great success.

Zhao Xu was overjoyed and said: "The order goes down, and the money minting supervisor will make every effort to mint silver coins, and from now on, the army will pay silver, and all officials will issue silver coins." ”

The silver coin has just been issued, Zhao Xu in order to avoid instability in the court, only in the folk trial, now the folk response is very good, Zhao Xu will take advantage of the situation to promote it in the imperial court, will definitely promote the silver coin in one fell swoop throughout the Great Song Dynasty.

"The official is wise!"

Fan Zheng complimented.

…………………………

As silver coins were introduced in the army and the court, the amount of silver coins needed would increase dramatically, and at the same time, they would be widely accepted by the common people of the world, and the government would soon run out of silver taels in its stockpile.

"Lord Qiqi Fan, there is no silver left in the coinage prison." Soon, the coin warden came to report.

If there is no silver as the coinage supervisor said, it is not that there is no money to spend, but that there is no silver to be minted into silver dollars.

Fan Zhengning nodded and said, "It's time for the business of flying money to play a role."

"The cost of flying money is capped at 100 cents!"

With another piece of news coming, the Royal Bank of Great Song is once again in the spotlight.

"Baiwen money!"

Many merchants are excited, Kaifeng City is the center of the world, the money in and out every day is endless, the money of this era is metal currency, the weight is extremely heavy, the transportation is extremely inconvenient, many business travelers have no choice but to use the imperial court's flying money business, the imperial court charges two percent of the handling fee.

If it's a small amount, it's good to say, it's a lot more convenient to pay some money, if it's a large transaction, fifty percent is to charge the same amount of money, and five hundred percent is to charge ten dollars, which makes a group of calculating businessmen feel distressed.

Now that Fan Zheng has just taken the helm of the Royal Bank, he directly capped the flying money business at the top of 100 yuan, which suddenly made the world's businessmen and wanderers ecstatic.

"I'm waiting to send the money!"

At present, in the Royal Bank, businessmen are pouring in, and the flying money business has skyrocketed instantly, and Kaifeng merchants who need money all choose the safe and fast flying money business to transport money.

"Master Fan is wise! The flying money business is capped at 100 cents, and the fees earned by the Royal Bank have increased instead of decreasing. The official of the Feiqian Prison said with admiration, although the cost of Feiqian is capped at 100 Wen, but it can't support the large number of users, and the income of Feiqian is a lot more than before.

Fan Zheng suddenly smiled proudly.

After all, the more you use the flying money, the more frequent the trade it is, and the economic stimulus it can drive is far from the cost of flying money.

With the explosion of the flying money business, a large amount of silver was sent to the Royal Bank of the Great Song Dynasty, and then it was minted into silver coins and put into circulation in the market.

"Not enough, still not enough!"

Because of its convenient conversion, high value, and easy to distinguish between the real and the fake, silver coins immediately aroused the enthusiasm of the people as soon as they appeared, and the silver coins minted by the Mint were in short supply.

"Qiqi official, once the silver coin is launched, the supply exceeds the demand, and Weichen thinks that we should continue to mint silver coins!" Fan Chun, the head of the household, couldn't wait.

"The ministers seconded it!"

A group of household officials responded one after another.

Without him! The minting of silver coins is really a huge profit, full of profits, this period of time, the Royal Bank minted silver coins, the household department has benefited a lot, since the people have demand, the court can make a profit, the household department in urgent need of money naturally advocates to increase the minting.

"What does Fan Aiqing think?"

Zhao Xu nodded slightly and asked Fan Zheng.

Fan Zheng smiled bitterly: "It's not that the minting supervisor doesn't want to mint silver coins, but all the silver in the Royal Bank has been minted into silver coins, and there is no silver left." ”

"What? No more silver? "Baiguan doesn't believe at all, so many businessmen use the flying money business, and they will handle a large amount of cash every day, how can there be no silver.

Fan Zheng spread his hands and said: "Not to mention loose silver, even the silver ingots in the treasury of various places have all been smelted into silver coins. ”

"Impossible! I am a big country, and it is impossible for me to have only such a little silver. Zhang Dian couldn't believe it.

The amount of silver coins minted by the minting superintendent was equal in weight, and the amount of silver could be estimated, and according to the courtiers' estimates, the number of silver coins minted at most was only 10% of the total number of silver taels.

In other words, at least ninety percent of the silver is still in the people's circulation.

"Yes, at least ninety percent of the silver taels in the world are collected by the people, maybe in the treasure house, maybe buried in the ground, but if they don't send it to the Royal Bank, what can Fan do?" Fan Zheng said helplessly.

The officials of the Manchu Dynasty couldn't help but fall into silence, and some people even dodged their eyes, obviously hiding the silver two naturally also had their family.

"It's better for the official family to order a ban on the trading of silver ingots, and all silver dollars will be used." Cai Jing's heart moved, and he proposed.

Cai Jing is worthy of being a traitor in later generations, and he easily found the flaws of ordinary people, and now the silver dollar is prevalent, fake silver is prevalent, and the silver ingots that are unchanged have declined, and the opportunity to prohibit the use of silver ingots to trade will definitely allow a part of the silver ingots to fall into the hands of the imperial court.

Fan Zheng shook his head and said: "Although this method is effective, it has little effect, after all, although the trading of silver ingots is prohibited, the silver itself can be used as money, but most of the people who hide the silver are people who are not short of money to spend, and I am afraid they will not easily exchange silver ingots for silver coins." ”

The hundred officials couldn't help but bow their heads, not to mention the old wealth of those landlords, even they would not easily take out the silver that had been hidden and exchange it for silver dollars.

Just when the hundred officials were worried, Fan Zheng changed his words and said: "However, it is not impossible to let those landlords who are greedy for money dig up their money and exchange it for silver dollars?" ”

"Really?" Zhao Xu couldn't help but be pleasantly surprised.

The officials of the Manchu Dynasty also looked at Fan Zheng in disbelief, knowing that for those landlords and old wealth, silver is their lifeblood, and how can they be willing to hand it over to others.

Fan Zheng said confidently: "This party is to lure each other with profit!" ”

"Elixir temptation?" The Manchu ministers were immediately puzzled.

Fan Zheng explained: "Those landlords hide the silver, one is for safety, the other is to accumulate family wealth, if the court can meet the above two points, but also make these landlords and old wealth profitable, you can let these landlords take the initiative to send the silver to the royal bank." ”

Baiguan frowned, Fan Zheng said easily, but with the stingy character of those landlords and old money, I am afraid it will not work at all.

Fan Zhenglang said: "Where is it safer for the people to hide money, it is nothing more than in the wall of the house, under the bedside, under the big tree, by the thatched pit, and next to the pigsty." ”

Fan Zheng said, the faces of the court officials couldn't help but change again and again, and it was obvious that Fan Zheng's words were right in the most hidden place in their hearts to hide money.

"Now the Royal Bank is ready to change the law of the seedlings money, in addition to the distribution of the seedlings money, it will also collect the seedlings money from the people, with an annual interest rate of three millimeters for the current period and two cents for the death period." Fan Zheng said solemnly.

"What is alive and what is dead!" Zhao Xu was puzzled.

"Current is that people deposit money in the Royal Bank, which can be used and withdrawn at any time, and the Royal Bank will also pay a certain amount of interest, although the annual interest rate of three is not much, but it is safer than putting it in the hand, and you can also get a certain income." Fan Zheng replied.

"What about the period of death?" Fan Chun said with great interest.

Fan Zheng replied: "The period of death is to set the day of death, also called a regular period, for example, three months, half a year, one year, or three years and five years. Of course, the shorter the time, the lower the interest, the longer the time, the higher the interest, the one-year dead interest is 2% per annum, and the five-year dead interest is only more than 3% at most. ”

"In that case, I don't just buy government bonds, because the interest rate on government bonds is higher." Cai Jing suddenly sneered.

Fan Zheng explained: "The death period also has a certain advantage over the treasury bonds, although the date of the death period is fixed, but it is not fixed, if the people are in urgent need of money and agree to give up the death interest, they can also be withdrawn at any time according to the current interest, while the treasury bonds are not, and they will not be paid until the deadline." ”

Everyone thought about it a little, the flexible and safe current period, the high fixed interest, and the opportunity to regret it, compared with the national debt, there are indeed many advantages.

"And the treasury bonds will not be able to be bought at any time in the future, and now the 1,000 treasury bonds of the Great Song Dynasty have been sold out in just one month, and the rest of the days have not been sold at all, and then the royal bank will hold a large number of treasury bonds in the future, firstly, it is to provide money for the imperial court quickly, and secondly, the royal bank also needs to make a profit to pay the current and regular interest, so that there are many fewer opportunities for the people and the people to buy treasury bonds." Fan Zheng said calmly.

The corners of the officials' mouths twitched, the interest on the treasury bonds issued by the imperial court was three to five percent, and the interest on the current period of Fan Zheng's private seedling money was almost negligible, and the interest on the death period was only two to three percent, and the difference in price could be imagined, not to mention the interest rate of one cent of the green seedling money.

"If all the money in the world is concentrated in the Royal Bank, I am afraid that these revenues alone will not be enough to pay the huge amount of interest." Cai Jing asked.

Baiguan's eyes were suddenly solemn, the money of the people of the Great Song Dynasty was more than millions, such a huge amount, if it was concentrated in the Royal Bank, what a huge fortune it would be! Interest alone will crush the Great Song Dynasty.

Fan Zheng waved his hand and said: "What's so difficult about this, if you deposit too much seedling money, the Royal Bank will take the opportunity to lower the interest rate, so that the expenditure will be reduced, if the deposit of seedling money is too small, the Royal Bank will raise the interest rate to attract people from all over the world to deposit, in short, the Royal Bank can earn less, but it will definitely not lose." ”

"You can earn less, but you will definitely not lose!"

The hundred officials carefully tasted Fan Zheng's words, and couldn't help but sigh with emotion, with Fan Zheng's means of turning stones into gold, the more the imperial court felt that it was the right move to let Fan Zheng take charge of the Royal Bank.

In this way, the Royal Bank is really the cash cow of the Great Song Dynasty, and the stubborn problem of the Great Song Dynasty may be expected to be alleviated.

(End of chapter)