The end of the momentum is the vigorous and resolute implementation.

Daning Liangzhuang took the lead in announcing that from now on, all transactions at Daning Liangzhuang will be conducted with Daning Baobao.

This is also an excellent way to make Daning banknotes quickly used by the public.

Daning Grain Farm is a state-owned grain farm with a wide range of operations, a wide variety of grains, high quality and stable prices.

In addition to food, it also sells wine, tea, cloth, coal, etc., making it an indispensable place for people to buy daily.

Once there are regulations, if you want to buy food, you must first exchange it for treasure banknotes.

Immediately afterwards, the Salt Administration also announced that salt industry transactions would stop using silver taels and other currencies and would instead use Bao banknotes.

Changes in the grain and salt industries, two major daily necessities, also forced people to exchange treasure notes.

Daning Bank has already made sufficient preparations in advance to ensure exchange as soon as possible.

But when a new currency is issued, it is difficult for people to accept it without clear and strict requirements.

They are said to be of equal value, but in any case they are still more trustworthy in hard currencies such as gold and silver.

There were different voices among the people.

Even the officials are aggrieved. The salaries they received this month are all Daning treasure notes.

But in the market, except for government-run shops, private shops have not really accepted transactions with treasure banknotes.

So its use is limited.

After officials received their salaries, they immediately went to Daning Granary to buy grain, coal, cloth and other daily necessities.

Because they can't exchange it.

This situation is even more serious for ordinary people. They cannot change their minds for a while, so they immediately exchange their precious banknotes for silver coins.

This means that the treasure banknotes flowing into the market have not actually circulated, but have just been circulated and returned to Daning Bank.

From this point of view, the introduction of banknotes does not seem to make much sense.

Officials have already made suggestions. Since it is not accepted by the people, it is better to stop implementing it. It has no special value and is useless.

Half a month has passed.

Xue Qing and Qian Dafu came to explain the situation again.

"That's it right now, there's no progress."

Qian Dafu said: "How about you issue a decree and strictly prohibit gold, silver and other coins from circulating in the market. This will be more effective than anything else."

"inappropriate."

Guan Ning said: "There is no rush about this matter. The current situation is normal. Accepting new things always requires a process. Forcibly banning it will only make people more unstable. I am afraid it will make those who are only interested in profit

People can take advantage of it.”

Xue Qing nodded.

"Recently, rumors have spread in the market, saying that the imperial court wants to use waste paper to replace gold and silver, and to limit the exchange. These people wait until the market closes to appear, and exchange silver tael for those who need it on the black market. They usually charge 20% of the price difference.

…”

"In other words, you can exchange a treasure banknote with a face value of ten taels for eight taels of silver."

"Does anyone believe this?"

Qian Dafu has been busy recently and has not heard these rumors.

"There are still many people who believe it."

Xue Qing said: "You should never underestimate those who are waiting to take advantage of loopholes to make huge profits."

Guan Ning approved of this approach.

It is human nature to pursue fame and fortune, and it is normal.

"So we can't let these people have the opportunity to take advantage of the loopholes. Once we strictly prohibit it, I'm afraid it will cause more panic."

Guan Ning asked: "Do many merchants accept treasure banknote transactions?"

"not much."

Xue Qing said: "This is also the problem. Merchants do not allow the use of treasure banknotes for transactions. People have no use for the money. How can it be circulated?"

"Go to the south to implement it. There are many wealthy businessmen there and the demand for treasure banknotes is greater."

Guan Ning introduced banknotes for commercial development.

The new dynasty was first established, and everything was in ruins waiting to be revitalized.

At that time, he levied commercial taxes and was criticized for ruining a country's merchants.

This is determined by the situation.

Crops are the foundation of a country, and a large amount of land is deserted and uncultivated. If we encourage merchants, isn't it putting the cart before the horse?

Business development requires a certain economic foundation, which is naturally facilitated.

It is now the seventh year of Yuanwu. After these years, Daning has gone through the most difficult period. At this time, it has shifted from focusing on farming to agribusiness.

Paper money is easier to carry than metal currency and can be used in a wider range, which is conducive to the circulation of goods and promotes the development of the commodity economy.

There has always been a need in this area.

All major private banks have redemption operations.

Businessmen first deposit a payment into a bank and get a stub note. When making large transactions, they can use this note directly, which is safer and more convenient.

The emergence of paper money can replace it, and it is officially issued and can be trusted more.

Circulation is the greatest function of banknotes.

Only by obtaining maximum circulation can all walks of life in society be circulated.

This will not only promote the development of all walks of life, but also allow more people to participate in economic construction.

Only under this premise can the country's economy develop rapidly, or more surplus value can be created.

This is a truth that only Guan Ning, a time traveler, understands.

Paper money can promote circulation.

"The salt industry must strictly regulate the use of treasure banknotes for transactions, and the same must be true for private salt."

Guan Ning spoke.

Salt is an important commodity that cannot be separated from daily life.

During the investigation of excessive salt production, several major salt dealers in the south did not cooperate at all. Later, they took tough measures to find out and recover the losses for the court.

Considering the usefulness of these salt merchants, Guan Ning did not shoot them to the end, but gave them a chance.

Now it's time for these people to give back.

Due to its unique geographical advantages, the South has prosperous commerce and developed economy.

Salt merchants are an important part. As long as they start to implement it, they can stabilize some people and involve more industries. Daning Baochao will be promoted.

It seems that it is not appropriate to choose Shangjing for the pilot project. In comparison, the people here are more conservative and far less open-minded than in the south...

"There is another question. I am going to reduce taxes in the poor northern areas again, and reduce them by another 20% on the current basis..."

Guan Ning looked at Xue Qing.

"You draw up a plan as soon as possible and then discuss it in the cabinet."

"Still less?"

Xue Qing said: "After the establishment of the new dynasty, you first declared that you would never increase taxes, and the taxes were also reduced again and again. The current taxes are not heavy. You are already very kind."

"The imperial government's decrees must be flexible and not rigid. There are differences in the properties between the north and the south. Is it likely to cause problems if the same taxation is used?"

"But based on the current payment, if there is no disaster year, the people will have enough to live on, and they will have a lot of surplus."

"That's right."

Guan Ning said: "There is no point in piling money in the treasury. It must be spent. After paying taxes, the imperial court purchases the remaining grain in their hands at a fixed price. In this way, the country obtains grain, and they receive payment. With
Chapter completed!