This time, Liao Yingzhong replied without hesitation: "Sir, please forgive Yingzhong for speaking frankly, this is all we can do now."
Liao Yingzhong knew very well that the biggest reason why Mr. Jia was able to achieve his current status was because he came from Lizong of the Song Dynasty. The current emperor and the late emperor were completely two types of people. Although he had not been in officialdom for a long time, the extremely intelligent Liao Yingzhong could deeply understand the situation.
I feel that it is not an exaggeration at all for Lu Xiufu to describe the emperor as a "god-man". Given time, the current emperor's achievements will surely be above those of Emperor Wu of the Han Dynasty and Emperor Taizong of the Tang Dynasty.
Although Jia Sidao knew in his heart that what his first counselor Liao Yingzhong said was true, he looked unhappy, his face darkened, and a sense of helplessness arose in his heart.
Liao Yingzhong saw that Jia Sidao was unhappy and did not dare to say anything. She lowered her head and drank alone.
Jia Sidao held the wine glass with a gloomy face. He didn't know what he was thinking. After a long time, he asked: "Has Chen Yizhong moved into the big house by the lake?"
Liao Yingzhong whispered: "Go back to your lord, Lord Chen has already checked in."
Jia Sidao said "Yes", then sighed again, and after a moment said: "Come on, you three, have a drink. I have wine now, and I will get drunk now. Don't think about anything else."
"Yes, sir." The three of them said in unison.
A drunk person is still a drunk person, why should we tell the difference?
On August 1, the first year of Xianchun, the Royal Bank of the Song Dynasty officially opened.
Of course, the Yinzhuang at this time was far from being comparable to the banks of later generations. In addition to replacing the original government's right to issue Jiaozi Huizi, Dasong Yinzhuang currently only has a small range of deposit and loan businesses and the functions of issuing bank notes.
.In the absence of a nationwide intensive network, ordinary deposit and loan businesses can only be targeted at ordinary merchants around the bank. As for banknotes, the original Song Dynasty government agencies responsible for "banknote affairs" and "money introduction affairs" can be used.
Exchange will not be affected.
To put it simply, the newly established Royal Bank of the Song Dynasty only had the function of issuing banknotes as a later central bank and the function of issuing banknotes as an ancient bank.
After getting my approval, Yinzhuang will complete the conversion of the Huaxia coins of the Song Dynasty into the existing Jiaozihuizi copper coins and silver and other circulating currencies within four years. After three to four years in parallel, it will only remain in the areas controlled by the Song Dynasty.
Chinese banknotes are the only legal currency in circulation.
To ensure this, the bank needs to transform the original currency functional departments in various places and make them branches of the Royal Bank of the Song Dynasty in various places. Although I have my support, Ruan Dengbing also knows very well that this is also a very important task.
Although large projects are not as complicated as the provincial system, they still take a long time. Therefore, Ruan Deng Bing is formulating the goods.
When formulating currency management regulations, we fully considered this point and finally decided to open the Yinzhuang branch to the state level within one year, and to cover all counties within two years. In the third year, the exchange of Chinese currency and other banknotes will be completed, and in the fourth year
Complete the exchange of Chinese coins with copper coins, gold and silver. The private sector can still collect gold and silver, but it cannot be circulated in the market as currency.
Due to the proliferation of Jiaozihuizi, the people are very resistant to banknotes. Although Ruan Dengbing and others were prepared in advance, I did not expect that the difficulty of promoting Huaxia coins would exceed my expectations.
Autumn is crisp.
Although the weather is still a bit hot, it is much better than the scorching sun in summer, and the occasional breeze can make people feel cool.
Over the past few months, Qiansuoyou has begun to achieve results in renovating the appearance of Lin'an. Willows hang lightly on both sides of the West Lake, and the lake is as clear as a mirror. The brand-new pavilions and pavilions dot the beautiful West Lake, echoing the green trees.
.
According to Qian Shuoyou's improvement steps, West Lake and its surroundings are the first step, then the main streets of Lin'an, and finally the buildings of Lin'an.
In the afternoon, I put on my mask and went with Fang Ling, Yuan Ji, Xiao Tian and others to the Royal Silver Village on the bustling street south of West Lake in Lin'an.
Yinzhuang is located in a busy city, and there are many people coming and going in front of the door. There is a huge bulletin board on the wall to the left of the gate, which contains several large posters about Yinzhuang. Below are several long tables with about ten people.
A staff member of the bank was standing at the table explaining the functions of the bank and introducing the Chinese banknotes of the Song Dynasty to the onlookers. Other staff in twos and threes kept handing out leaflets to passers-by.
The onlookers kept asking questions while watching.
One of the middle-aged men who looked like a businessman said: "It's paper money again? Every time it is issued, it is said to be very popular, but it doesn't take long before it starts to depreciate, and the depreciation is not ordinary, so it is still silver, copper coins are better
.”
"That's right, is this Huaxia coin the same as Huizi, but with a different name?" asked another young scholar.
Many people had the same idea and echoed from the sidelines.
At this time, a bank manager standing next to the publicity board said loudly: "Brothers, you don't know something. This Huaxia coin is fundamentally different from the Huizi issued before, and it will not depreciate.
"
"Really? I just don't believe it." The middle-aged man shook his head.
The supervisor smiled and said: "Brother, please allow me to explain to you slowly. Brother, and this young master, the biggest difference between Huaxia coins and Huizi is that the circulation of Huaxia coins is not what our bank wants to issue.
How much is what? It is based on the amount of gold and silver stored in our country. For example, if our country has a current gold and silver reserve of one thousand taels, the amount of Huaxia coins issued by Yinzhuang can only be equivalent to one thousand taels of gold at most.
The purchasing power of silver.”
The middle-aged man didn't seem to understand, and the clerk continued: "To put it simply, if our government's gold and silver reserves can buy up to five thousand shi of rice, then the total face value of the Chinese coins issued can only buy up to 5,000 shi.
Rice, do you understand this?"
"Yes!" said the young scholar next to him, "I understand somewhat. This way we can control the randomness of the issuance of banknotes and avoid the devaluation of banknotes."
"This young master is right."
The middle-aged man said: "It would be a good thing if it could be done, but in the past, meetings were also issued by the imperial court. Wouldn't it also lead to skyrocketing prices and devaluation of banknotes?"
"Brother, our bank will strictly follow the regulations. If you send random hair randomly, it will be the same as the original club as you said. Look up, the full name of my bank is Da Song Royal Bank.
Zhuang, is that right? This was established under the emperor's imperial decree, and the number of Chinese coins to be issued needs to be approved by the emperor."
The middle-aged man thought for a moment and said, "I hope so."
From the middle-aged man's words "I hope so", I could naturally tell that the people's trust in the imperial court was very low. The supervisor had to move me out before the middle-aged man could barely accept it.
The supervisor said confidently: "Yes, it will definitely happen. My bank manager said that the issuance of Huaxia coins will definitely not cause inflation."
"Inflation? What does that mean?"
"Let me answer this."
"Big shopkeeper, why are you out?" the supervisor asked.
Ruan Dengbing said with a smile: "Inflation is a phenomenon that may occur when issuing banknotes. It refers to the depreciation of banknotes caused by the amount of banknotes issued exceeding the actual amount of money needed in circulation. Inflation does not mean that prices will definitely rise.
Rise, but there is a certain connection between the two. The most direct result of inflation is rising prices."
"This Ruan Dengbing learns very quickly." I thought to myself.
"For example, there are only one thousand shi of rice in Lin'an city, which is worth 500,000 ta at 500 liters per shi. If the banknotes held by the people in the city exceed 500,000, it may cause the price of rice to rise, because once
Thousand stones of rice can always be sold, otherwise, the price of rice may fall. Therefore, the issuance of banknotes must be within a controllable range to ensure the stability of banknotes. I am here
I once again assure you that the Huaxia coins of the Great Song Dynasty will never be different from those of Huizi Jiaozi, because the number of Huaxia coins issuance is based on the gold and silver reserves of our dynasty. Even the current emperor has said that the issuance of Huaxia coins
No one is allowed to violate the system. The emperor has foresight and established the Royal Bank specifically to ensure the stability of prices in our dynasty, the steady development of the economy, and the people's living and working in peace and contentment."
Ruan Deng Bing learned most of his knowledge about currency from here, and I know only a little about it. Ruan Deng Bing’s explanation sounds quite similar, but I know that he, like me, only knows the basics, although there are many in the bank of this era.
Although there are talents in finance, the research on monetary theory is still far from enough. It is more than enough to fool people, but it will take a long time to understand the true meaning.
Tuition is indispensable, but this tuition must be paid and should be paid.