Yan Yongfan’s memorial on private coins has been submitted.

Zhu Yiliu immediately convened a court meeting.

Because this issue seemed critical to him, he issued an order, just like a regular court, requiring all officials above the fourth rank in Beijing to participate.

Including the work of the 24th Supervisory Bureau of the Inner Court and the writings of the Sili Supervisory Bureau.

When the officials came and saw that this court discussion was extraordinary and there would be important issues.

Zhu Yiliu took the counterfeit money obtained by Wang An and sat on the Jintai Imperial Site under Feng Bao's guidance.

The Huangji Palace was quiet.

Zhu Yiliu didn't know anything. He glanced around and said straight to the point: "I have convened a court discussion today to show you something."

After saying that, he waved his hand and asked Feng Bao to hand over the fake silver notes and fake copper coins to the ministers to see.

After reading one, he passed the next one. Some ministers were close to each other, so he came over to watch it together.

At first, they were all wondering, isn’t this just silver bills and copper coins? What does this happen in the court?

Suddenly, Wang Lin, the Minister of the Ministry of Revenue, said in surprise: "Oh, there seems to be something wrong with this money, it is a fake."

As soon as this statement was spoken, everyone read more carefully, and then there were whispering sounds.

After almost all the reviews, everyone was basically sure that this was fake money.

Zhu Yili spoke again and said slowly: "I believe all my dear friends have already seen it. This is the most popular counterfeit currency on the market."

"How harmful is the counterfeit currency? The county magistrate of Wanping County, namely the prince-in-law Yan Yongfan, wrote a note to you. Companion, read it to you first, and then discuss what measures should be taken."

Zhu Yili handed the memorial to Feng Bao.

Feng Bao coughed gently and cleared his throat, opened the memorial and recited loudly:

"In the first month of the first year of Taihe, Wei Minister Yan Yongfan discovered that counterfeit coins were circulated in the market in Wanping County..."

Yan Yongfan’s memorial was not very long, only more than a thousand words, but the harm of counterfeit money was basically explained clearly.

Simply put, in a nutshell, counterfeit currency can cause serious inflation.

To refine it, the emergence of counterfeit currency has increased the amount of money on the market and caused currency depreciation. Currency depreciation has caused national economic instability, and even caused economic crisis, seriously interfered with normal social order, and also harmed some innocent people, nourished social unhealthy trends, etc.

Wait until Feng Bao finishes his reading.

Zhu Yiliu said loudly: "I don't need to say much about the harm of private coins. You all know that since I ascended the throne, no minister has mentioned this matter."

"I just think that there are too many reforms in a series of ways, so you have no time to take care of them. I am even more curious. There have been measures to ban private coins in all dynasties, but why has it been more and more severely banned? "

"What's the crux of it?"

Zhu Yili glanced at the ministers one by one, and then turned his attention to Wang Lin, the Minister of the Ministry of Revenue.

"Shangshu Wang, you talk first."

"I think, first, the supervision is insufficient, the punishment is not enough, and third, the anti-counterfeiting signs are highly professional but not obvious, so it is difficult for ordinary people to identify them."

Wang Lin has mentioned several key points, and he has not done anything in charge of the work of the Ministry of Revenue.

Zhu Yili nodded.

But obviously not comprehensive.

Zhu Yiliu hopes to introduce the State Bank to the unified issuance of currency by the State Bank, which is equivalent to firmly grasping the dominance in the hands of the state.

This is the point.

Zhu Yiliu didn't ask much and said directly: "I agree with what Shangshu Wang said, but I want to add two points: First, there are many silver notes on the market and are chaotic and regional, which leads to insufficient liquidity; Second, as Shangshu Wang said, neither the supervision nor the punishment is enough. In my opinion, the country does not have enough control over many areas."

"This is why I mentioned a point of view when discussing with my family courts several times: the wealth of the world is neither in the country nor in the hands of the people, and the treasury is often short of its limits, and the people in the world are suffering. Does this mean that the country has insufficient ability to control wealth? Since this is the case, we must strengthen control in this regard."

"So, I have an idea to establish a national bank, and the world's currency is issued by the bank and regulated by the state. Any personal act of private minting of currency will be punished as a crime. What do you think?"

"National Bank?"

“What is a bank?”

A minister immediately asked a question.

Zhu Yiliu explained: "Banks are similar to money houses and bill numbers, which can deposit and loans, but the dominance lies in the country, not in the hands of a few rich people. In this way, the country can control the lifeline of the economy, and not when there is a big event, the country has no money, but needs to seek help from external organizations and individuals."

"Your Majesty, this is a good idea." Wang Lin, the Minister of the Ministry of Revenue, quickly agreed excitedly.

"I have agreed, it should have been like this long ago!" Xu Xuemo, the Minister of Rites, followed. He was not afraid of being said, because he wanted to be His Majesty's father-in-law and wanted to be crazy.

"Your Majesty, I'm afraid that the merchants in the world will unite to resist." The chief assistant Shen Shixing said cautiously.

"My governance philosophy is people-oriented, not businessmen-oriented. Merchants are already rich enough. I hope that everyone in the world can enjoy the benefits brought by national reform and development, not just a small number of people." Zhu Yili said with a sonorous voice:

"You all know that today's wealth is concentrated in the hands of powerful and powerful families, the country is very hard, and the people are even more miserable. Only when the country is rich can the people live a better life. The purpose of establishing a national bank is also here: the country is rich and the people are strong."

"But my move is not to deprive the money bank and bill number of wealth. The bank notes they issued in the past were purchased back with unified currency, so that the currency circulating on the market could only be issued by the state banks, and the others were regarded as counterfeit coins and fakes."

"This is a national policy I have formulated. I hope that all government agencies will actively cooperate with the Ministry of Revenue to implement it. However, the Ministry of Revenue must carefully consider how much currency is issued. If it is not allowed to issue more, it will lead to inflation; if it is not allowed to issue less, it will lead to deflation and will cause economic problems, so it needs to be determined based on the actual situation. Wang Shangshu, are you confident of doing this well?"

"Yes." Wang Lin replied loudly.

"Okay, come up with a set of plans as soon as possible. The production of silver notes, including the selection of paper, needs to be carefully considered, especially the anti-counterfeiting logo, secret seal, and watermark design, and professionals must be asked to complete it."

"I obey the order." Wang Lin felt that he, the Minister of Revenue, was becoming more and more energetic.

Zhu Yiliu said: "This is a policy that benefits the country and the people. You guys have no objection, right?"

The ministers nodded, but thought to himself, Your Majesty asked, do you have any other opinions? Who has rejected the policy decided by Your Majesty?

Everyone has long been used to it.

...
Chapter completed!