Luo Zhixue believes that financial reform needs to be gradual and cautious. If something happens accidentally, the impact will be very large.

And Luo Zhixue doesn't like this kind of accident, let alone causing any problems.

Just like the gold standard, Luo Zhixue also knows that silver is continuing to depreciate. The adoption of the silver standard will lead to domestic inflation and wealth depreciation. However, due to insufficient domestic gold reserves and a large amount of silver as currency in circulation.<

/p>

If the gold standard is imposed, it will easily lead to currency shortages and deflation.

In addition, the large amount of silver in the country is not easy to deal with.

You can't tell people that silver is no longer currency from now on, and the various silver currencies you have accumulated can no longer be used.

Isn’t this nonsense!

Therefore, Luo Zhixue was very cautious when it came to the issuance of legal currency. He continued to adopt the silver standard system, and did not even make major changes to the currency unit. He still classified one tael of silver as the legal one dollar according to people's habits.

'.

According to the new legal tender rules, the newly issued legal tender includes silver coins and copper coins.

Silver coins have a face value of one yuan and a silver content of 37 grams; a face value of 50 cents and a silver content of 16.5 grams; a face value of 1 dime and a silver content of 3.7 grams;

Ten jiao equals one dollar.

In addition, there are coins with a face value of fifty coins, twenty coins, ten coins, five coins, two coins, and one coin. These silver coins are mainly made of copper, with some other metals added.

These silver coins are not priced based on the pure copper content, but based on the legal face value.

One yuan equals one thousand Wen.

In fact, the entire exchange ratio has not changed much. It is still similar to the past. What is more, there are some changes in the name, and the exchange rate is directly fixed by legal means.

At the same time, the significance of copper, a precious metal, as currency is revoked in a legal sense.

Although the new silver coins are mainly made of copper, copper is not currency, and this must be clearly distinguished.

At the same time, in the new coin issuance, the ones scheduled to be issued more often are small silver coins with a face value of one dime and copper coins with small face values ​​such as one penny and ten penny.

As for silver coins with a face value of five cents and one yuan with a face value, not many are actually issued, because these are silver coins with relatively large face values ​​and are rarely used in daily life. They are mostly used for large-amount cash transactions.

The issuance of new coins is actually similar to the old coins in the past. The craftsmanship and precious metal content are similar. Even the face value has not changed. The only change is that these new coins are legal tender and the exchange is mandated by law.

Proportion.

This is also the core goal of abolishing the two reforms to the yuan, which is to establish a currency exchange system in the legal sense, rather than continuing to follow the market as before.

At the same time, the General Administration of Financial Supervision of the Dachu Empire also issued a new administrative order, not advocating the continued circulation of various old-style precious metal currencies, silver ingots, broken silver, and various types of ancient copper coins.

In the next three years, although it is not advocated, various government agencies represented by tax agencies will continue to collect these non-legal currencies as a buffer to allow the public enough time to adapt and exchange.

However, after three years, various government agencies will no longer accept various non-standard precious metals, and will only accept legal tender, the previously issued first version of non-standard currency issued by the Da Chu Empire, and financial bank bearer banknotes.

At the same time, various official agencies and banks are required to adopt an only-in, no-out policy for all types of old non-standard currencies.

All kinds of precious metal currencies collected will be uniformly collected by the central bank as raw materials to make new legal coins.

As for banknotes, new legal banknotes are issued based on the bearer banknotes of financial banks, with face values ​​equal to coins.

After the issuance of legal tender, the issuance of original gold coins will be stopped, and efforts will be increased to reserve gold.

And give priority to the use of gold for pricing and transactions in foreign trade, further expanding the number of gold reserves.

After the amount of gold reserves increases, it will be time for the Chu Empire to adopt the gold standard system.

But now, it's still a little early, so you have to take your time.

The series of financial reforms of the Dachu Empire are actually not impressive to ordinary people. For ordinary people, there are actually some changes in the names, but the changes are not major. They continue to use silver coins and copper coins, and among the people

Traditional silver ingots, broken silver and various old-style copper coins are still used on a large scale.

However, as the government's publicity gradually increases, and a fire fee needs to be deducted when paying taxes, in order to avoid damaging their own interests, people will hold new legal currencies as much as possible in the future.

.

In this way, it will be possible to recycle various old currencies and silver, gold and other metals preserved in large quantities by the private sector, and then turn them into various legal coins.

While the Da Chu Empire vigorously carried out currency and financial reforms internally, the Da Chu Empire did not stop its external actions. Instead, it continued to increase the pace of expansion.

In April of the thirteenth year of Chengshun, in Southeast Asia, the Beibu Gulf of the Gulf of Siam topped the Bay of Bangkok, and the fleet of the Chu Empire appeared here again.

Last winter, the fleet of the Dachu Empire's navy came once, but that time it only brought a deterrent notice to the Dacheng Kingdom, requiring the Dacheng Kingdom to fully liberalize the market and allow the Dachu Empire to operate in one of their

Ships moored at a coastal port.

After the Dacheng Kingdom refused, the fleet of the Dachu Empire did not say to start fighting directly, but chose to evacuate the overseas Chinese. After the evacuation was completed, they returned.

But from that time on, the clouds of war have actually shrouded the Gulf of Siam.

In the winter and spring months, the fast communication ships of the Dachu Empire Navy made many trips to Southeast Asia and the Wusong Naval Base in the mainland, conveying the situation in Southeast Asia and local decisions.

After trying to trick Allen in many aspects, especially after consulting the navy's opinions, the senior leaders of the Chu Empire finally decided to use a limited war to open the market for the Chu Empire's goods and gain a military base in the Gulf of Siam.

Base.

After the top level made the decision, the army and navy also began to take action. This spring, the Chu Empire continued to increase its troops to Cam Ranh Bay.

By April, the number of ground troops at Cam Ranh Bay had increased to more than 18,000.

Among them are more than 3,000 Marines, the Second Marine Regiment.

The remaining troops are the 13th Army Division

This unit of the Army is a unit specially mobilized for overseas operations. In order to adapt to operations in Southeast Asia, these ground forces are mobilized from soldiers in the Guangdong and Guangxi regions to adapt to the tropical rainforest operations in Southeast Asia. At least

Adaptable to climate.

Since several battles in Burma resulted in serious non-combat attrition due to severe unsuitable climate, the Chu Empire has made improvements to its operations in Southeast Asia.

The first is to improve the soldiers, and recruit as many local soldiers as possible from the Guangdong and Guangxi regions, Yunnan and Guizhou for operations in Southeast Asia.

Among them, the 5th Division of the Army's Class A Division, which was deployed in the newly occupied area of ​​Yunnan and faced directly towards Myanmar, had all its soldiers changed in just two years. All the soldiers from the north were transferred away, and then replaced by Guangxi and the western part of Guangxi.

Recruited soldiers.

The 14th Division of the Class A Division, which is also deployed in the direction of Guangxi and Lianzhou, Guangdong, mainly facing Annan, also uses soldiers from Yunnan, Chunan, Guangxi and other regions as much as possible.

The reason why soldiers from the same province are not used directly but are mobilized across provinces is mainly to avoid the emergence of local warlords.

Therefore, the Chu Empire has actually been implementing a policy of serving in other places. Of course, it will not be stupid and directly send soldiers from the Guangdong and Guangxi regions to fight in Siberia... That would be too nonsense.

Climate change is too bad and it is too difficult for soldiers to adapt.

In addition, if the journey for mobilizing soldiers is too long, it will be very troublesome, time-consuming and costly.

This time, the military chose as many new recruits as possible from Yunnan, Guizhou and Guangxi and Guangxi regions, especially those close to the tropical rainforest areas in the south, for combat soldiers in Southeast Asia.

In China, there are the 5th Division and the 14th Division, standing combat forces that are typically used in tropical areas.

The Thirteenth Division that was dispatched to fight in Southeast Asia was also a typical unit that specialized in fighting in the tropical rainforest and also participated in cross-sea landing training.

This division was formerly stationed in Yunnan, mainly facing the direction of the Nanzhang Kingdom. It was the only two first-class combat-ready divisions in the Chu Empire in the direction of Yunnan.

However, the Nanzhang Kingdom is in internal chaos and is still relatively weak. After collecting intelligence for several years, the Dachu Empire decided that this poor place was not worth dedicating a first-class combat readiness division to deal with.

Therefore, the 13th Division was transferred to the Lianzhou Prefecture, Qiongzhou Prefecture, and Gaozhou Prefecture areas of Guangdong. On the one hand, it was used to defend against Annan. On the other hand, it was also used for cross-sea landing training to prepare for subsequent use in Southeast Asia.

Therefore, in the past three or four years, the 13th Division, from personnel to weapons and equipment, has been specially prepared for operations in Southeast Asia, and has also gone to Qiongzhou Island many times for cross-sea landing training.

The hundreds of army troops sent by the Chu Empire to the Dagon military base in Myanmar were drawn from the 14th Division.

After acquiring the Cam Ranh Bay military base last year, the military began to gradually send the division's troops to Cam Ranh Bay. By the beginning of April today, as the last batch of soldiers arrived at Cam Ranh Bay, the 13th Division had all defended Cam Ranh Bay.

Bay.

At the same time, more than 4,000 people who arrived at Cam Ranh Bay last year formed a mixed group and carried a large number of ships to accompany the naval fleet southward.

Also going with them were more than 3,000 people from the main force of the Navy's Second Marine Regiment.

In other words, in order to force the Dacheng Kingdom to open its market and lease ports, the Dachu Empire used more than 7,000 troops to cross the sea and land.

This is completely different from the previous situation where the indigenous people of Southeast Asian countries faced Western colonial forces, which ranged from dozens to hundreds to hundreds.

European colonists, on the one hand, have a small native population, and they also have many overseas colonies, so the number of troops that can be squeezed out for a specific colony is naturally limited.

At the same time, what’s more important is that the distance is too far!

It was too troublesome for them to transport troops from Europe, which is why many European colonists wanted to form indigenous troops.

But the Chu Empire was different from them!

The Dachu Empire is on the edge of Southeast Asia. Although it still requires sea transportation, because of the existence of the Cam Ranh Bay base, the Dachu Empire can gradually transport troops, weapons, equipment, and supplies there.

Under such circumstances, the Chu Empire would be able to accumulate more troops in Southeast Asia.

When the Chu Empire really wanted to expand in Southeast Asia and went all out, its mobilized war capabilities were terrifying.

There are more than 7,000 ground combat troops alone, and even more battleships.

The navy dispatched four Jinling-class battleships in one go, in addition to six cruisers, eighteen frigates, and twenty-six free armed transport ships of the navy.

Three major trading companies and private trading companies, totaling more than 50 armed merchant ships, were requisitioned to transport people and materials.

In addition, more than 70 ordinary merchant ships were requisitioned.
To be continued...