For the business people and residents of the concession, the news was equally shocking - the fiat currency was not allowed to be used?

However, at the same time as the major newspapers published announcements, they also specially hired professionals in the banking industry to write an explanatory article, which directly pointed out that the reason why the circulation of legal tender in the concession area should be abolished was because the depreciation of legal tender was too fast, and severe punishment had affected the normal business of industry and commerce, resulting in a continuous decline in the actual income level of laborers......

The people are not fools, and they quickly understood, because they had really felt this in their work and life before, but only then did they really understand the reason!

In light of the current series of measures taken by the concession authorities, the people are of course more willing to believe the words of the Ministry of Industry.

For the wealthy groups in the concession, in fact, as early as the beginning of the German-Polish War last year, they have begun to exchange the fiat currency in their hands for gold and foreign currency, and then the fiat currency in their hands will be exchanged immediately, and the amount of fiat currency in their hands is not very large now. Therefore, the impact of this change in monetary policy on them is not significant.

People from all walks of life in the concession quickly accepted this announcement, but it caused a lot of waves outside the concession, in addition to the Chongqing government, which was directly involved, there was also a force that was angry!

Long before the start of the all-out war of resistance against Japanese aggression, the relevant Japanese departments secretly set up a special organization called the "Shanhui Agency" to study the manufacture of counterfeit fiat currency of the Kuomintang government. ——

In addition, there is the problem of the ocean, since ancient times, the Chinese love to save money, from the previous gold, silver, copper money to the late Qing Dynasty and the early Republic of China.

Broadly speaking, Dayang is a general term for various "one yuan" silver coins in circulation from the end of the Qing Dynasty to the Republic of China, and the basic attributes are: weight of about 27 grams, containing about 90% of silver, that is to say, anything that meets this specification can be considered as Dayang.

In this way, there are too many types, all kinds of Longyang in the former Qing Dynasty, big heads, small heads in the Republic of China, Chuanyang, Han version, etc.; In addition, there are all kinds of foreign currencies such as the Spanish Ocean, the Mexican Eagle Ocean, the French Indochina Ocean, the Japanese Dragon Ocean, the British Station Ocean, etc., and even the Netherlands' 2.5 guilders, France/Belgium's 5 francs, etc.,

Moreover, at that time, the government still allowed silver coins to be minted and circulated freely, and I don't know how many forces were privately minting silver oceans, which caused all kinds of silver and foreign materials in the market to be mixed and chaotic.

Among all these oceans, Eagle Ocean is the highest and most stable in silver, and there are two kinds of it, the lace Eagle Ocean cast before 1897 and the straight edge Eagle Ocean cast after 1898, both of which have the same specifications: 39 mm in diameter, 27.07 grams, and 95.30% fineness.

Because the currency value of Yingyang is stable, it has been recognized as a standard by various forces and institutions as soon as it is introduced into China, and all kinds of other oceans must be discounted according to the standard of Yingyang when it is officially used, in fact, it is calculated according to the silver content of the discount.

In fact, this situation has caused inconvenience in the transaction process, and banks even need to hire experienced palms to distinguish the various oceans received; Ordinary merchants and ordinary people, if they lack experience, will often take the ocean with insufficient quality, causing their own economic losses.

Li Junhao actually wants to take advantage of this currency reform to solve the problem of the ocean, but it is extremely difficult, and he can only take his time, which is more troublesome than canceling the circulation of fiat currency.

——

There is also a special circumstance, Li Junhao specially explained to the Financial Supervisory Commission, and he must pay attention to a phenomenon, that is, during this month's exchange period, there will definitely be forces outside the concession to send people or hire residents to the bank to exchange a large amount of fiat currency for US dollars, in order to seek huge profits.

When he proposed this possibility, the FSC and the banks were all headaches, and it is conceivable that this situation will definitely happen, because the fiat currency is still depreciating, although after ten days, the fiat currency will not be in circulation in the concession, but it is still in use outside the concession! As long as you can exchange a large amount of dollars in your hand and wait for the appreciation, the profit is absolutely indispensable. But for this situation, the bank can't refuse?

Li Junhao came up with three countermeasures:

First, during the fiat currency exchange period in May, the various road cards in the concession intensified their checks, strictly restricted the entry of non-concession residents, focused on inspecting their belongings, registered their purpose and itinerary for entering the concession, and refused to allow anyone without a legitimate reason to enter the concession.

In the past six months, the concession police station has slowly established a relatively complete household registration system, more than ninety percent of the residents have replaced the new type of documents, and it is a card made of plastic materials specially provided by Li Junhao, with a photo of himself on it, and no one can fake it in this era.

Second, at the exchange points of each bank, firstly, the exchange was explicitly refused to be granted to non-concession residents, and secondly, the staff of the Taxation Department of the Ministry of Industry and the Economic Investigation Division of the Anti-Smuggling Department of the Police Bureau were arranged to take charge of the work to record the residents or merchants of the concession who came to exchange large quantities of legal tender pending the verification of their previous tax payment records.

This method makes everyone applaud, so that it can scare off most of the hired brokers, otherwise they need to explain the source of the large amount of fiat currency in their hands; On the other hand, there will definitely be people who are not afraid of this method and insist on exchange, so they really go to check, this year, there are no businesses that evade taxes or evade taxes!

Third, for those who come to the bank for exchange, the ratio of US dollars to US dollar coupons is 1:3. In the short term, these dollar coupons will certainly not be able to be used outside the concession area, and outsiders will not be able to use them in the rental area.

In addition, Li Junhao also warned everyone with a smile, saying: "Everyone, although these methods combined, although they cannot guarantee 100% prevention of malicious exchange behavior, they can block more than ninety percent; But one thing to note is that those who do it can't be selfish! ”

Speaking of this, he looked around at everyone and continued: "Don't blame me for not explaining it in advance, if you find that someone is in the process of exchanging and privately operating the exchange for others without going through normal channels, don't blame the police and the criminal court for impartially investigating and dealing with it!" ”

"Don't dare! Don't dare to ......" When everyone heard this, they immediately shouted.

Many people have begun to tremble in their hearts, before they did agree to the request of some relatives and friends, want to go through the back door, or want to advance, or want to take the opportunity to exchange some foreign currency in violation of regulations, how dare at this time!

(End of chapter)