While the academies in Chang'an City were discussing the unified entrance examination, Li Kuan, as the initiator, ignored this matter at all.

At this time, he was discussing a major event with Wang Fugui and Wang Youcai’s uncle and nephew in the Tang Dynasty royal money house.

"Your Highness, I actually think this silver note is already very good. It has been circulated very well in the Tang Dynasty business district in recent years, and everyone has accepted the existence of silver note. Now it is much more convenient to do business than more than ten years ago."

Wang Fugui carefully put forward his own point of view.

There was no way, it was because Li Kuan's thoughts were a little beyond his imagination, which made him feel a little scared.

"Uncle Second, I think that His Highness the King of Chu's idea is very conducive to the development of the Tang Dynasty's business. Although silver notes can be used in today's business transactions, there are still many restrictions on these silver notes.

And the amount is often large after all, and it is generally used with gold and silver coins. These gold and silver coins are quite convenient to use when trading in small amounts, but there are still many restrictions.

But the vouchers for the Tang Dynasty royal money house proposed by His Highness the King of Chu are different. We can not only issue vouchers of 1,000 yuan or 100 yuan, but also issue vouchers of 50 yuan, 10 yuan, 5 yuan and 1 yuan.

Once this voucher becomes popular, we will not only do not have to continue using gold and silver coins, but even Kaiyuan Tongbao can be minted much less.

There was no decent large copper mine in the Tang Dynasty, and the use of Kaiyuan Tongbao has always been very insufficient. If it weren’t for the emergence of gold coins and silver coins and silver notes, the commercial development of the Tang Dynasty would have been dragged down a lot."

As the most talented student at Guanshishan Academy Business School, Wang Youcai's thoughts are obviously much more radical than Wang Fugui.

"A penny is equivalent to one yuan, and a permanent amount of money can only be exchanged for ten vouchers of one hundred yuan. For the people, even if they are stupid, they can see that a voucher of one hundred yuan is different from a voucher of one hundred yuan. Except for the different printed numbers, there is no need for anything else. Why do they have to exchange the money in their hands for vouchers?"

Wang Fugui is used to spending real money and has no confidence in Li Kuan's behavior of exchanging money for a simple piece of paper.

The royal money house of the Tang Dynasty was specially printed in the printing workshop of the Chu King’s Mansion. Isn’t this thing printed as much as Li Kuan wants?

Whether it is other noble families or ordinary people, they will naturally have this concern.

Therefore, Wang Fugui does not think that this voucher can be successfully implemented.

"Isn't that silver note actually a piece of paper? It was difficult for everyone to accept it at the beginning, and now it is very acceptable. Besides, the face value of the silver note is much higher than that of this voucher. Everyone can accept this situation, so why can't they accept the voucher?"

Wang Youcai felt that with the reputation of the Tang Dynasty royal money house, as long as he made some promises and added some restrictions to himself, it was possible that the vouchers could be circulated smoothly.

"Silver notes and vouchers are different. Whether it is a registered or an unlicensed silver note, they are voluntarily exchanged at the Royal Money House of the Tang Dynasty with real money. But what about this voucher? It doesn't matter whether it is a registered name at all, and it gives people the feeling that it has no guarantee."

Wang Fugui kept asking questions from the user's perspective.

Li Kuan is not so anxious to express his opinions.

After all, the launch of the royal money house vouchers of the Tang Dynasty is a very important financial policy and its impact on the Tang Dynasty must be very far-reaching.

Although many people may not see this meaning, it does not mean it does not exist.

"How come there is no guarantee? As long as we add one, anyone can go to the Tang Dynasty Royal Money House to exchange for equal amounts of copper coins, gold coins and silver coins with vouchers. Isn't that enough? The method used when promoting silver notes was completely consistent."

Wang Youcai obviously had in-depth research on the current commercial trading environment of the Tang Dynasty.

Now Li Kuan seems to have the intention to hand over this important task to him, but his second uncle is there to object, so he naturally has to use all his strength to refute.

"Many local rich people in the countryside want to exchange their wealth into gold and silver coins, and then put it in a jar and buried it in an underground store in the yard. However, once the vouchers of the Tang Dynasty Royal Money House are launched, they will not be able to continue to store the vouchers for a long time. After all, this is a paper-printed thing. Over time, it will become moldy."

Wang Fugui found another reason to refute.

"If the money of these local rich people is forced out of the ground, if the appearance of vouchers can achieve this goal, it should be promoted even more vigorously. Uncle Second, you should also know that gold and silver are valuable only when they are circulated. If they are simply stored underground, it will only lead to insufficient gold and silver coins in the Tang Dynasty.

Look at the past two years, have the gold and silver coins on the market been a bit scarce? If it weren't for the help of silver notes, the value of gold and silver coins would probably have risen.

However, the gold and silver shipped back from overseas in recent years are not small at all. The quantity is even many times higher than the annual output of Datang itself more than ten years ago.

Even so, gold coins and silver coins are still not enough. Although there are also reasons why the Tang Dynasty's business is developing rapidly and the demand for money is increasing. But a very important reason is that those local rich people exchanged all their wealth for gold coins and silver coins and buried them underground.

Even if the Tang Dynasty attracts more gold and silver from overseas, it is not enough for these local rich people to bury them."

Wang Youcai's words changed Li Kuan's expression.

If he didn't mention this, he wouldn't have thought about this.

Li Kuan has always felt that the reason for the insufficient currency of the Tang Dynasty is that the economic development speed is too fast and the excavation speed of gold and silver cannot keep up.

Now it seems that it is not just a matter of excavation speed.

No matter how fast you dig, it is not as fast as others can bury it.

"I can't tell you, Your Highness, the King of Chu, I think you should be cautious when launching the vouchers for the royal money house of the Tang Dynasty, especially if you cannot force the people to use it, otherwise it will be easy for chaos."

Wang Fugui didn't want to continue the debate with Wang Youcai, so he simply kicked the ball back to Li Kuan.

"The vouchers for the Royal Money House of Tang Dynasty must be launched. In the early stages, we can let it coexist with silver notes, gold coins, silver coins and Kaiyuan Tongbao. But slowly, we will let gold coins, silver coins and Kaiyuan Tongbao exit circulation, and all the currencies used by the people are only vouchers or silver notes."

A voucher worth 1,000 yuan is a permanent money or a silver coin.

It is obviously inconvenient for large-scale transactions, and it is not even easy to use as gold coins.

At this time, it is naturally necessary to combine it with the banknotes.

After all, in the Datang Trading Center or the Datang Stock Exchange, transactions of hundreds of coins or even thousands of coins are involved in every move.

"As for the problem of the acceptance of the people who are worried about Fugui, Wang Youcai has just explained it. I think using the methods used when promoting silver notes is enough to solve it.

Of course, some people are worried that we can print vouchers randomly, which will lead to a lot more vouchers circulating on the market than the gold and silver actually held by our money shop. We can make a rule that there is a lot of valuable gold and silver in the money shop’s vault, and we can only print as much vouchers as one yuan more.”

In the early days when banknotes were launched, Li Kuan was also afraid of playing with them.

The most important thing is that he is worried that when he dies one day, when his successor encounters financial problems, he will simply and roughly solve them by printing vouchers.

Sooner or later, the value of vouchers will decrease, inflation will occur, and eventually destroy the banknote system.

Of course, after a few years, after the voucher system is mature, it is also possible to appropriately adjust the one-to-one printing ratio to one-to-two.

"If this is the case, it can block the mouths of those noble families. If the vouchers obtained by the people can be exchanged for Kaiyuan Tongbao at any time in the money shop, it will be easier for them to accept."

Seeing that Li Kuan's attitude was so firm, Wang Fugui naturally did not dare to continue to mess around.

"Your Highness, we can also find ways to promote vouchers overseas. In this way, it is equivalent to printing a pile of paper but returning a large amount of supplies from overseas.

If there is really not enough gold and silver one day, and the vouchers in demand are very strong, we can directly print a batch of vouchers and place them overseas to purchase goods.

Even if the value of the voucher is damaged, it is ultimately that many overseas merchants have helped us take this risk together.”

I have to say that Wang Youcai's vision is still very sharp.

Before this voucher was launched, he had already thought of currency output and inflation output.

"Don't call the voucher or voucher. After the voucher of this Tang Dynasty Royal Money House is officially launched, it will be referred to as Tang Yuan. This is exactly the same as the face value of one yuan and five yuan above."

When it comes to vouchers, Li Kuan always thinks of flyers sent by merchants on the road in later generations.

So I still feel comfortable naming the Tang Dynasty currency as Tang Yuanlai.

"Tang Yuan? This is a good name, much simpler!"

Whether it is Wang Youcai or Wang Fugui, naturally he would not raise any objections on such trivial matters.

"Your Highness, then I'll go to the printing workshop to communicate and see what kind of paper and printing technology are used to print Tang Yuan, so as not to be imitated and make fake Tang Yuan out."

Wang Youcai has very good execution ability and he took the initiative to propose to go to the printing workshop to promote Tang Yuan's printing.

"Our silver notes have many anti-counterfeiting measures, and it is very difficult for other printing workshops to imitate them. But if our Tang Yuan, who is one yuan, also uses such complex printing technology, the printing cost will be too high, and it may even exceed the cost of one cent.

If this is the case, it is equivalent to every time we make a one-yuan Tang Yuan, we will lose more than a penny. This kind of thing is impossible to accept no matter what."

Wang Fugui raised a very sharp question, that is, Tang Yuan’s printing cost issue.

Any banknote has printing costs.

For Tang Yuan, who costs 1,000 yuan per piece, the printing cost is definitely far lower than the face value.

But one dollar is different.

Because this may be the Tang Yuan with the largest number of printings, but its face value is the lowest.

If you really print one yuan, you will lose more than a penny. Then the speed of making money in the King of Chu's Mansion will definitely not be able to keep up with the printing speed of currency.

"The printing technology used by Tang Yuan with different face value is definitely not exactly the same. For example, for one thousand yuan and one hundred yuan, we can use more anti-counterfeiting technologies, but for one yuan, there is no need to think too much about Tang Yuan.

Just follow the existing printing technology of our printing workshop and find out several other printing workshops that cannot be corresponding to the corresponding methods. As for the emergence of the pseudo-Tang Yuan, you don’t have to worry too much in the short term, but in the long run, it is almost inevitable.

The Tang Dynasty Royal Money House can work with the General Police Agency to set up a special crackdown on the counterfeiting of Tang Yuan. Once discovered, it will be strictly and severely dealt with. With the current distribution of printing workshops, as long as the flow of all printing equipment is grasped, there is no need to worry about someone being able to forge it in a short period of time."

Li Kuan didn't care much about Wang Fugui's concerns.

With the current printing technology of the Tang Dynasty, it will take at least a few years to forge the Tang Yuan.

In a few years, the Tang Dynasty Royal Money House can launch a new version of Tang Yuan.

If the forged Tang Yuan is very small, the impact will be very limited. Even if it is really forged, it will not have much impact on the Tang Dynasty's royal money house and the Tang Dynasty.

But if there are more than one, it is simply unrealistic for you to keep it completely confidential in this era.

Because you have to buy paper, hire a friend, and you have to distribute these Tang Yuan.

Once there are many links involved, it is really difficult for you to not have any news.

"Uncle Second, I think what Your Highness, the King of Chu said is very reasonable. The most urgent thing is to prepare all the work of Tang Yuan printing first. At the same time, we began to promote Tang Yuan in newspapers such as the "Da Tang Daily", so that everyone can have an expectation in advance and make everyone realize the benefits of using Tang Yuan.

As long as we can ensure that each Tang Yuan can be exchanged for the corresponding gold, silver or copper coins in equal amounts, the circulation of Tang Yuan will not be a big problem, nor will it cause any big mess. Only the kind of Tang Yuan issued there without any support and entirely based on the credit of the bank can cause huge damage to the commercial development of the Tang Dynasty."

Wang Youcai's words are quite knowledgeable.

In later generations, currency can be mortgaged by state credit.

But in the Tang Dynasty, it is absolutely impossible to follow this path.

Even if there is no problem in a short period of time, something will be almost certain to happen in the long run.

And such a thing can cause a country to get hurt once.

It even completely collapsed a dynasty.

"Okay! Let's come here first. You two divide the work and go and prepare. I'm going to the Summer Palace one day and say hello to His Majesty in advance."

When Tang Yuan issued such a big deal, Li Kuan naturally had to obtain Li Shimin's consent first.

Otherwise, the impeachment memorials all over the sky would be buried by Li Kuan.

After all, many people still don’t want the gold and silver in their hands to turn into a piece of paper.

Even if this piece of paper can be exchanged for gold and silver.
Chapter completed!