After talking about the budget, Xu Pingcai said: "For the difficult things facing Sansi today, the first thing is that the tickets on Jingxi Road cannot be redeemed. How to solve the problem has been discussed several times, but it has not been decided. According to what was said before, one is to stabilize the price of silk and then purchase coupons from Sansipuzi Store to offset the tickets on Jingxi Road. The other is to use a money shop to collect money from the people and use it for the court. Both methods make sense and have shortcomings. At this time, it is best to combine the two."

At this time, "The Strategy for Rich the Country and Safeguarding the People" had already been introduced to the court. Most of the people sitting in the hall had already read it. The two slaughter came from Jingxi Road and were familiar with the new policy. Everyone knew how Xu Ping would reform after he arrived at the Sansi, but no one felt that what Xu Ping said was strange.

Chen Zhizhong, who has been promoted to the position of the political affairs of the Communist Party of China, said: "You still explain it clearly in one go. Everyone is familiar with money and food, but last year, many of them here have no clues about how to do it on West Jing Road. If you finish talking about the matter, you will consider it again. It is feasible."

Xu Ping nodded, stood up, and bowed to Zhao Zhen: "The reason why I had to set the annual budget before was related to what I had to do later. A few years ago, Sansi Shop printed shopping coupons to supplement the shortage of copper coins. Later, Ruzhou also launched a small iron coins, which took several years to try, and it was both good for both the government and private sectors. Last year, the money shop was set up on Jingxi Road. At first, it only collected private copper coins for transactions that required large amounts of copper coins. Later, it issued loans to the newly established branch and collected interest. All these measures were combined, and I named it a bank. Silver naturally means silver and money, and bank means total world coins."

Seeing that everyone was listening carefully, no one interrupted, Xu Ping said again: "Last year, there was only cotton on the West Jing Road. Cotton, cotton wool, cotton oil, etc., which was about tens of millions of cents. Is it more? In fact, not many, it was just a few states along the way. In the future, cotton will naturally be promoted to the whole country, and billions of cents a year are common, but there will be less linen. After this industry was built, there is a difficulty, that is, there is not so much money to buy and sell. Now the problem of flying tickets is still short of money, so we have to hang it there to not exchange it. In the world, it is the saying that when the people have to hand in hand, the amount of money should be used as much as the transactions. This is the original intention of the state to mint money."

Chen Yaozuo nodded: "What you said is right, but how much money does the world need now, how much money is actually used, and how many gaps are there. Do you have a general number?"

Xu Ping said: "When I go back to my husband, there are still some general numbers. The amount of money used for trade among the people is about 50 to 60 million yuan. When there is still money similar to that is hidden by the people and not used. Since last year, cotton cloth on Jingxi Road was trafficked everywhere, flying tickets were left on Jingxi Road, but cotton cloth was transported to other places for sale. Because the price of silk is unstable, silk in private trade no longer uses silk, and so many cotton cloths are sold for sale, so naturally copper coins are missing. According to the official documents received by the Sansi Department, there are expensive and cheap goods on Jingdong Road and Kaifeng Prefecture, and Lianghuai Jinghu Road, which is actually not enough money among the people. Some people have always wondered that Jingxi Road said that it had collected so much money and grain, so why did it only fly tickets? Where did the money go? It was actually going to these places. It was just that there was a process of trade and copper coins, and it has not yet appeared."

Li Di asked: "How many copper coins are missing in the people? Is there a rough number?"

"Reply to my husband, this number is hard to say now. The goods and springs are hidden, and the flow is cloth. Not to mention how much they are hidden and how much they are used, they are the same as the money used in circulation and the flow degree. The same is true for money, ten times a year, and the effect is very different. The use of ten times a year is actually the same as ten times a year, and the use of ten times a year is actually the same in trade. Normally, the use of money several times a year should be a roughly fixed number. But now, it is not the normal time."

The demand for money is not only related to the volume of the market, but also to the degree of circulation. The faster the circulation, the less money is actually needed, and the more business is achieved. When the social and economic stability, these data should be roughly fixed. But now is the time of drastic economic changes, which can be said to be changing every day, and Xu Ping cannot say the approximate number.

Seeing that everyone stopped asking questions, Xu Ping said again: "There is one thing that can be confirmed now, that is, the amount that the people lack money to use. The most obvious amount is the unpaid flying tickets on Jingxi Road. This money is used for private trade, but if it doesn't, it becomes an empty account here. The account is in Sanshi, but the number of roads selling more cotton cloth is too much, but the money is too expensive, and it is starting to lack money. You should know that if there are too much money in the world, the price soars, and the price is not accessible. If the money in the world is too much, the price of the goods is harmful, and the trade between the people cannot be communicated, which is also harmful. What I am talking about now is to make up for these lack of money and allow trade to pass. If there are too much money in the people, there is also a way to recover the excess money and stabilize the prices."

"Specifically, it turns out that the smelting and casting department under the Sansi Department came out alone and was dedicated to minting coins. What should I do if the copper produced in the world is not enough? I have tried small iron coins, but it is only a small supplement. I still have to think of other methods. According to the experience of Sansi Store shopping coupons and Nishichuan Jiaozi, I can print it with money. Here we need to make it clear that the money printed on paper is just a supplement to the insufficient copper coins, which is convenient for trading in the world. It is not a treasure, and if it cannot be traded, it is useless."

From compiling "The Book of Money" when he was the deputy envoy of salt and iron, printing shopping coupons for Sansipuzi, setting up a money shop on Jingxi Road, and editing "The Strategy for the Rich Country and the People's Strength", the issue of money has been discussed for several years. Most officials in the capital are no longer unfamiliar with money. There have been people who have actually mentioned it by using paper money instead of copper coins, but without a clear theory and system, it is not a good idea.

It is not surprising that Xu Ping proposed to use paper to print money to supplement the shortcomings of copper coins. Many people think this way. The key is how to operate it. How much printing, how to enter circulation, and how to ensure that it works. This is the difficulty.

As the former Sansi envoy, financial management officer, and Hanlin bachelor Cheng Lin obviously thought more than others, and asked Xu Ping: "The shopping vouchers of Sansi Shop have been in use for several years, which is very convenient and there is no problem. It can be seen that using banknotes is feasible. However, what is printed is not Jiaozi, and it is impossible to do the same as Jiaozi. You can talk about the regulations first and everyone will consider it."

The essence of Jiaozi is actually bank coupons, which are printed according to the number of copper coins used as capital. Generally speaking, the cost is 30% of the number of printing, which is the experience accumulated over the years.
Chapter completed!