The Americans Edminster used the US dollar and francs carried by themselves in Haipang City. When paying lunch in a fast food restaurant, they encountered embarrassment. The salesperson refused to accept foreign currency, saying that only Huayuan was allowed in South China.
To be sanctioned by law.
Edminster was anxious, and quickly asked how to exchange to the Huayuan that can be paid?
The salesperson introduced politely, in fact, in the port area, it can be freely redeemed by Huayuan. In addition, banks spreading all over the neighborhoods of Haipang City can also be freely exchanged. And because the Huayuan exchange rate is directly linked to the US dollar and gold, no additional calculations are required, redeeming exchanges
It's very convenient to get up.
Edminster left a member of a delegation at a fast food restaurant as a mortgage, and then came to a bank business point at the bank of 50 meters on the right side of the restaurant on the right side of the restaurant.
The manager enthusiastically received the guests. After the one -to -ten ratio, it exchanged for 50,000 US dollars as the cost of spending in South China.
He nodded with his accompanying accompany.
After entering mid -April, South China Central Bank officially issued Huayuan.
In order to consolidate the position of Huayuan, uniformly system, maintain currency value, and stabilize social prices, the South China Central Government explicitly ordered financial institutions in various places to collect banknotes and oceans issued by the Sichuan Bank of Sichuan Bank in South China.
At the same time, foreign currencies such as pounds and dollars are also prohibited from the circulation and private trading of the South China market and privately. The unified foreign exchange is managed by the state.
The basic ratio, foreigners investing or spending in South China need to redeem Huayuan in financial institutions, and South China capitalists want to buy foreign goods, they need to exchange foreign exchange at financial institutions to exchange foreign exchange to crack down on gold and silver foreign currency.
Buy and sell privately.
As a professional manager, he politely informed that Huayuan's distribution follows three basic principles. One is to adhere to economic issuance and oppose fiscal issuance; the other is to adhere to plan issuance and oppose blind issuance; the third is to adhere to the central central centralization and unification
Issuing, opposed to decentralized issuance. That is to say, Huayuan's issuance right belongs to the state. The central government determines the currency issuance plan of the year according to the annual economic situation, approves the annual issuance limit, and authorizes that the central bank
Huayuan. The Central Bank is the only currency issuance agency in the country. The monopoly monetary issuance business. Huayuan's only legitimate and independent national currency status in South China and the security zone is not allowed.
Through the conversation, Edminster also learned that Huayuan implemented a set of currency issuance and credit allocation and control mechanism, and implemented the "issuance library" and "deposit margin" system.
, Sub -library, branch three levels and storage points, handling distribution services in accordance with the regulations, have completely independent and autonomy. The institutions and businesses at all levels of libraries are vertical leadership.
The Central Government Committee and the Government Council are responsible for the Huayuan tickets storage of the issuance library called the issuance fund.
The order issued by the issuance of the warehouse is strictly prohibited to use any institution or individual to use it without authorization. The offenders must be sanctioned by law.
If the cash that banks collect every day, those who exceed their business inventory limit shall be paid to the local local library in a timely manner in order to carry out flexible allocation and regulate market needs.
The deposit margin is a deposit in the central bank to ensure that customers withdrew deposits and capital liquidation needs to be used to ensure that the credit expansion of commercial banks and ensure that customers withdraw the deposits and fund liquidation needs to be restricted.
It is determined by the Central Bank.
Since the Central Bank of the South China Bank is the distribution center of Huayuan, the revenue and expenditures of various Huayuan are from banks as the starting point and ending point. Through the channels formed by various societies and economic activities, they play the role of currency functions in market circulation.
The main channels for the launch channels are: 1. Wages, state -owned enterprises, institutions and government agencies, schools, troops, groups, collective and private economic organizations withdraw cash from banks, pay employee salary, bonus allowances and various labor expenditures;
Investment. Commercial, foreign trade, cooperative alliances and other economies acquired agricultural and sideline products, handicrafts, industrial and mineral products, waste materials, and collecting gold and silver; 3. Management costs of various economies; 4. Fiscal credit investment
Loans and relief funds, extracted savings deposits, etc. Hua Yuan's recycling channels are diverse, but mainly depend on savings to return, that is, factories and individuals deposit cash into banks.
, Fines and budget income, etc.
This exchanges benefited Edminster. After returning to the restaurant to pay the lunch fee with Huayuan, the group went to the hotel where the newly opened hotel was opened at the sea defense.
The hotel owner is a French who has obtained South China nationality. When he saw American guests visit, he was very enthusiastic. He invited guests to the hotel's cafe and enjoyed afternoon tea. Edminster was trying to understand the situation in South China.
In the talks with French masters, I have a deep understanding of South China's economic policy again.
"South China is very good here, industrial construction is tight and orderly, agricultural reform is deepened, and there is a strong and powerful central government.
Nostalgia! "
The hotel owner couldn't help but join his supervisor.
In a cordial conversation, a Jewish financial scholar who stayed in the hotel joined in. Miel Dorifu was originally a Jewish area in the Su Taiwan area. In January of this year, he came to South China with his family.
The hospital, after listening to the hotel owner, said with emotion:
"I have to admit that the leaders of the South China government are really capable. At the beginning, I thought that Hua Yuan's launch would die quickly under the suppression of speculative capital.
At the level, this is common to Hitler’s Nazi government. "
Edminster, who is also Jewish, dared to ask: "Mr. Mierel, what happened, it made you feel so emotional?"
Miel Doffu smiled slightly and informed what he knew one by one.
Edminster understood that the issuance of Huayuan stimulated the sensitive nerves of some speculative capital in South China, especially private money. They felt that their own survival was seriously threatened, so they began to hoard their accumulation, raising prices, maliciously malicious in the black market.
The first few days of the hype of gold and silver and foreign exchange, the first few days of the release of Huayuan, quickly depreciated.
Under such circumstances, the South China Central Government urgently formulated the "Currency Law" and announced the prohibition of the free circulation of gold, silver, and foreign currency.
For banning and cracking, the country has seized 221 Qianzhuangs involved in malicious speculation and speculation.
Missing trouble. At the same time, illegal credit institutions such as usury are resolutely banned to ensure that the financial order is stable.
Today's South China, relying on southern Sichuan and southern Yunnan, as well as foreign trade channels, gauze, salt, meat and other foreign trade channels, gauze, salt, meat and other supplies such as the Ou Family Consortium, Hong Kong South China Group, Hongxing Society.
There is sufficient inventory. Faced with the government's open supply, it is like the snow lion to fire, and it is instantly melted. Even the strength of Ding a little resistance has no strength.
This is a new country, and the economic situation is better than some old -fashioned capitalist countries.
Edminster praised again and again, saying that the South China government responded rapidly and had strong pertinence. It can be seen that the leaders of this new country are very good. Later, Edminster asked Miyel Dorifu to arrive in to arrivals.
The reason for the sea defense.
Miel Dofan told him that he only wanted to use the opportunity of vacation to purchase a group of government bonds issued tomorrow.
It turned out that in order to maintain the stability of the currency value, the South China government began to issue national public debt, which was priced at the actual ratio of the US dollar and gold, and the annual interest rate was 10%. It was paid off in five years. You know, for the inside, the people ’s purchase of public bonds compared
In terms of the loss of its decline, the purchase of public debts can get the principal and interest, which is relatively beneficial. As far as the outside world is concerned, the South China government has the huge industrial foundation of southern Sichuan and southern Yunnan, and the huge resources of South China.
Once the public debt was launched, the supply was in short supply. Every bond of bonds underwritten by the bank in South China was listed, and it quickly attracted pursuit.
Because the central government of the South China Government, according to the actual situation of various places, the number and quantity of bonds in the market are not the same. As the coastal defense of municipalities, the sales share they have won are more.
Miel Dofu is ready to eat a batch of bonds in Nanhua, and then returns to Syrian House, and he will also eat a batch. His goal is to sweep the bonds at the business site of the construction bank's branch near the hotel. Two tomorrow morning
Click, he will go to the bank door to line up, so that when the bank opens the door tomorrow morning, he can enter the bank at the fastest speed and get a purchase opportunity for each person to be 100,000 yuan (generally 50,000).
The calculation of ten percent of the interest is calculated that he can get the stable benefit of the 10,000 Huaguan each year. If Huayuan depreciates during this period, according to the actual redemption ratio of Huayuan and the US dollar and gold, the income obtained will increase.
Miyel Dorifu said with a smile that the current sales of this kind of bonds in China are very popular. Capitalists have snapped up and are known as Huajin. A few days ago, some people started to line up in front of the bank.
I do n’t have much grasp to buy, so take the opportunity to take a vacation and come to the sea defense to buy. He said that the South China government has a plan that if the United States has established diplomatic relations with South China, the public debt is issued to the United States, so that American capitalists will also benefit from it.
Edminster was very interested. He had heard on many occasions that the Chinese dollar was pegged to the US dollar and gold. He had an inexplicable impression that the South China government did not choose to peg it to the pound and the franc.
Later, Edminster asked about the tax situation of French hotel owners.
The hotel owner informed that in order to ensure the stable and rapid development of economic construction and stable fiscal revenue, the Nanhua government abolished as many as 126 types of taxes and miscellaneous taxes of the French Annan colonial government and replaced them with 18 new tax types, including
Stamp tax, value-added tax, business tax, resource tax, deed tax, education surcharge, land use tax, real estate tax, urban and rural and road maintenance and construction tax, consumption tax, vehicle purchase tax, vehicle and vessel tax
, Tobacco leaf tax, customs duties, ship tonnage tax, fixed asset investment direction adjustment tax, corporate income tax, personal income tax, sixteen of which are collected by the tax department, tariffs and ship tonnage taxes are collected by the customs, value-added tax on imported goods, consumption tax
These taxes are levied by the customs department. These taxes have little impact on Nanhua's current society, which is dominated by the agricultural economy. Moreover, due to the cancellation of agricultural taxes and the payment of public grain, they are deeply supported by farmers.
As far as operating a hotel is concerned, French operators need to pay a business tax of 3%, an urban and rural and road construction tax of 7% of the business tax, an education surcharge of 3% of the business tax, and an education surcharge of 3% of the business tax.
Stamp duty is charged at 0.05% of the paid-in capital in the account, based on the limits of 25,000 yuan and 75,000 yuan, and corporate income tax is paid at three tax rates of 15%, 25%, and 34% on operating income. In addition, personal income tax is withheld from wages.
After listening to the introduction, Edminster understood that Nanhua already had a very complete financial and taxation system, which greatly facilitated the entry of American capital.