When Li Er mentioned these two things, Asmin couldn't help but frown and nod. Just as Li Er said... these two things are probably the first major events in the Tang Dynasty recently, whether they are Hangzhou, bank issues, or maritime trade routes.
Kou's affairs are all... Of course, the biggest thing is always farming, but apart from farming, there are only two other things. Most people just listen to stories for fun, but they will definitely be discussed seriously in the court.
However... Asmin still doesn't quite understand what this matter has to do with her, why she called her here... Could it be that she is under suspicion? No...
Asmin's instinct is to have a big head. Could it be that her "improperness" as a Persian finally came into play?
This... this is the rhythm that needs to be adjusted.
Asmin was inexplicably anxious. She had been managing cities in the Tianzhu subcontinent for the past three years, and now she was suddenly very likely to be transferred... Even if she didn't say whether she was willing or not, it was at least a worrying thing, because she
I have been working hard in the subcontinent for several years, not for the fame and wealth of the Tang Dynasty, but for one day to return to Persia and complete what I should do but have not yet done for the Persians...
Now that I'm suddenly being suspected, it's an incredible feeling.
Although I had already expected that this might be the case, it was definitely a joke to say that it would not be difficult to bear it when it came to it, whether it was the matter of being suspected or the long-term goal of returning to that place...
But just when Asmin nodded and fell into confusion, she saw Li Er smile.
"The imperial court has its own arrangements for these two important matters. However, you have made some achievements in Tianzhu Scripture, so the imperial court has decided to give you more responsibilities. You need to do something for me."
"ah?"
Asmin was stunned for a moment, what the hell is this... isn't she being suspected and about to be removed from the left? What does this mean...
Then Li Er told Asmin about the recent arrangements of the court.
To be specific, it is simple. First of all, the bank... Li Er finally bought Li Sheng's "Money and Banking". With the help of such unique knowledge, of course he had to get started quickly - if he hadn't read this magical book, Li Er would have
I guess I will never imagine in my next life... that gold and silver can be transformed into paper notes!
And exchange the gold and silver in the world for paper notes... At the same time, of course, these gold and silver will return to the hands of the imperial court and become the imperial court's inventory.
Now, Li Er finally knew what the bank was used for... This thing was almost like the imperial court had several extra hands! The improvement in governance ability was completely improved several times.
However, although the content of this book is mysterious, it is really not that difficult for Li Er and others to understand. In other words...
Although it is somewhat difficult to understand, copper coins are not a new thing in the Tang Dynasty. This thing has been around since ancient times.
Since the Zhou Dynasty... no, in short, since the Qin Shihuang's writings and documents and carriages were in the same track, currency, as the hub and blood of the economy, has of course been unified... Regardless of its origin, this thing called copper coins has never been forgotten.
The relationship between copper coins and copper is essentially the relationship between paper and pen and gold - at least at the beginning, so it is not difficult for Li Er to understand.
The only difference is that paper money is different from copper coins... its scale can be expanded infinitely without being constrained by the scale of copper mines.
...Of course, in "Money and Banking", Li Sheng also mentioned the concept of reserve ratio.
This "reserve ratio" in later generations means the bank's monetary reserves. The bank's operation is to absorb deposits with an interest rate of 3%, and then lend out 5% loans to make profits. In this model The total amount of funds actually held by the bank will inevitably be lower than the total amount of deposits... Just like the deposit of a bottle of water, half of the bottle is always loaned out.
The same goes for the central bank. Paper banknotes are essentially a kind of bank card balance, and gold reserves are no different from the "half-bottle of water" of ordinary banks.
In other words, through debts and loans, when there was originally only one tael of silver, the bank could turn the one tael of silver into two taels! Or even three taels or four taels.
The same goes for the imperial court. The original treasury reserves of one tael of gold can be turned into two, two, and three taels through the issuance of banknotes!
This is not a question of how much revenue the imperial treasury will increase...but directly, the wealth stock of the entire treasury will be expanded from one treasury to a level that is almost completely consistent with the Tang Dynasty itself!
By then, the financial operating space of the entire Datang Dynasty will probably expand to an astonishing extent... By then, Datang's industry and agriculture will receive such a huge boost, it is simply exciting to think about.
but……
Naturally, Li Sheng also made it clear in the scriptures that credit expansion must be closely related to national conditions, because the issuance of credit currency, no matter how much extra money the court has in hand, is essentially a kind of "debt", but this debt More abstractly, this is borrowing money from your future self.
And since it is borrowing money... Whether it is borrowing money from others or borrowing money from oneself, as long as it is a debt, it must be repaid sooner or later. Naturally, such things cannot be too much and must be appropriate... In other words, Banks must have a deposit reserve ratio, and the central bank that issues banknotes must also have a deposit reserve ratio. People must always feel that banknotes are available and usable, especially when they can pay taxes to the court. Only in this way can Nothing will happen. Otherwise, if the people realize that the banknotes in their pockets are all waste paper, it will immediately lead to chaos in the world and destabilization of the country.
Of course, although the consequences are serious, the benefits are not as big as usual. Because with banknotes, the court is equivalent to...
New banknotes can be made at any time and anywhere to dilute the money in the hands of wealthy households in the country, and these banknotes can be invested in new and promising industries or regions to create economic scale for the people.
And this kind of investment is no joke, because it is almost equivalent to... in the economic field, creating a Great Qin Empire with a twenty-level military merit system out of thin air.
...Faced with such a prospect, how could Li Er not be tempted? However...in addition to benefits and risks, he must first deal with the cost issue. And this issue...
There is no doubt that if an ordinary family were to print banknotes, no one would buy it, let alone use their own gold and silver to exchange it. Of course, this kind of magical thing is also impossible. It's not impossible to happen, so... Li Ercai used a batch of counterfeit banknotes to collect a wave of money from the bank in Hangzhou...
This wave of harvest simply made Li Er dizzy with joy. The huge amount was simply unbelievable.
