Emperor Ming Dynasty

Chapter 667
"Instead of using food stamps, why not use precious banknotes?"

Lu Daqi said bluntly.

"Can the treasure notes still be used?"

Yan Chongxin who was on the side couldn't help but said, his tone was full of regret.

Lu Daqi's face turned red suddenly, his lips moved, but he didn't say anything.

Zhu Yixi shook his head and asked, "According to common sense, the Jinren and the Southern Song Dynasty issued a large number of banknotes. Only when the dynasty was on the verge of collapse did the banknotes fall, and no one dared to use them."

"However, since our country was issued in the Hongwu period, the precious banknotes have been worse than each other day by day. What is the reason for this?"

In the Yuan, Song and other dynasties, the reason for the collapse of banknotes was very simple, because of excessive issuance.

The Ming Dynasty was different. Because of Emperor Hongwu, he had always held a safe attitude towards the issuance of banknotes, so he did not issue them indiscriminately.

On the contrary, during the Zhengtong period of Xuande, the Ming court continued to recycle precious banknotes and stopped printing banknotes to stabilize the precious banknotes.

During Renzong's reign, merchants were even allowed to buy salt with precious banknotes.

Commercial taxes are also paid with precious banknotes, and it is even stipulated that only precious banknotes can be used.

As a result, some merchants had to exchange gold and silver for precious banknotes to pay taxes even for taxation reasons.

It can be said that in order to make good use of the Baochao card, the Ming Dynasty did its best.

Without him, precious banknotes are really cool, one piece of silver can be worth ten dollars.

"Our banknotes follow the rules of the former Yuan Dynasty and the Southern Song Dynasty. In order to prevent folk piracy, we have made every effort to make treasure banknotes."

Zhang Shenyan sighed: "There is no spam, and there is no misuse, but Hong Wu is constantly rising and falling. To paraphrase the folks, even wiping his ass is too hard."

"Where is the problem?"

The emperor was also puzzled.

How can the people accept such good banknotes that can pay taxes, be anti-counterfeiting, and not be issued indiscriminately?

"The veteran also thought about it for a while, and compared the Sui Shun of the past dynasties in recent times, and finally found a little trace."

At that time, Lu Xiaoqi was full of seriousness, and could not help but reveal a trace of complacency.

"Oh?" Then, the emperor became interested and asked, "Why is that?"

"Reporting to Your Majesty, the old officials have sloppy comparisons, and finally realized the shortcomings of your Xiaoming Hongwu's release."

Lu Xiaoqi cupped his hands first, and then said in a deep voice: "The only difference is that the Jin people and the Song people both have no gold and silver treasury, allowing the people to exchange freely, but your court has it."

"During the Yongle period, Xia Yuanji, the Minister of the Household Department, suggested printing the new Hongwu version of the Yongle Dynasty to replace the Sui Shun banknotes, and provided a full silver reserve for the people to exchange, but it was ignored."

"So, because Hongwu exchanged gold and silver, the rivers and rivers are getting better and better, and the people are willing to use them."

That said, the reason is explained in a complicated and clear way.

In the Northern Song Dynasty’s Jiaozi banknotes, there was no reserve fund for copper coins once the issuance was over, so that people could exchange banknotes at any time.In the banknotes of the Southern Song Dynasty, the government provided copper coins, even gold and silver, for the common people to exchange.

When the Jin and Yuan dynasties issued banknotes for handover, the government set up banknote leveling warehouses in various places (various roads) to reserve gold and silver for the common people to exchange.

Only then did Yan Chongxin suddenly understand.

It turned out that Sui Shunhe messed up.

In the Song and Yuan dynasties, the anchors of banknotes were copper coins and gold and silver. Even during the Seventh World War, the currencies of a small number of countries were actually exchange bills, and the anchors were gold.

In the early years of the Ming Dynasty, Zhu Yixi insisted on playing with credit currency to test the people's attitude towards the court.

Needless to say, how could the dynasty in the feudal period have no credibility at all?

It's a joke to change the order from day to day.

Zhu Yixi has a stubborn temper. If he uses it, I must force him to use it.

I would rather die than change.

During the Yongle period, Zhu Di obtained the throne by rebellion, so he naturally supported Sui Shunhe's policy.

He said that Xiao Guicao is okay?You have to be unconventional and play empty-handed white wolf.

"You mean to follow the example of later dynasties and set up gold and silver treasuries in each province to allow people to exchange Hongwu?"

The emperor is interested.

"Your Majesty is wise." Lu Xiaoqi said excitedly, "Now it is more suitable to issue a new Hongwu."

"Food stamps have been tried for two years, and the people have accepted banknotes. Now if they are issued and allowed to be exchanged for gold and silver, the people will be willing to accept them."

"Where does the imperial court have so little silver?"

At that time, Sui Shunhe got up and said happily: "Your dynasty has been rich in gold and silver since ancient times. The gold and silver obtained by the people rarely come from the sea. Holding the handle in our hands is a disaster."

"Nowadays, there are very few gold and silver, no matter whether it is the people or the imperial court, how can it be called the cause of the disaster?" Lu Xiaoqi retorted.

That's true.

Since the end of the Undersea Silk Road in the Song Dynasty, gold and silver in the sea have been pouring into China continuously, especially since the era of small navigation opened, and with the Longqing switch, a small amount of silver has poured in, so that the value of silver in the Jiangnan area has depreciated.

"Your Majesty, the reason why food stamps can be used in Gyeonggi is because the common people can exchange them for food at any time. If Hongwu can also exchange them at any time, it will certainly be able to circulate."

At that time, several people in the cabinet realized that Zhang Shenyan was really treacherous, and his original purpose was to issue banknotes.

And the emperor was moved.

"Unfortunately, the imperial court doesn't own gold and silver mines, so why worry about lack of money?"

Yan Chongxin sighed.

If you hold a mine in your hand, does this mean you want to print more or less?

"Your Majesty, there is a shortage of gold and silver in the country, but North Korea and Japan may not be in short supply. The old minister heard that Japan is short of silver mountains, so maritime merchants are willing to go there..."

"his meaning?"

The emperor looked at Zhao Shu with low interest.

Does that Chief Assistant want to fight?

"Can you negotiate with the king of Japan to exchange certain things for gold and silver every year, so that the court will have no gold and silver every year?"

Zhao Shu said, "That's far more cost-effective than opening a mountain."

"There's something wrong." Sui Shunhe echoed, "You little tomorrow has everything you want, and what you have is nothing, and Japan has a lot of people, so it must be that you have nothing to ask for. If you exchange some things for gold and silver, I think he will agree. "

"You can try it."

Yan Chongxin thought about it, I originally wanted to use war to solve it.

However, he realized that Japan's silver mines were mined during the Warring States period. Even if he took it, it would be nothing more than leftovers.

I don't know about unknown mines.

"By the way, although there is little arable land in the Shaoshan Mountains of North Korea, there is no cloud in the old saying, no gain, no loss. There must be few mines, maybe some gold mines and silver mines."

Sui Shunhe suddenly realized that North Korea is also a treasure land. Hearing about its Shaojin Mountain in his previous life must be a lie.

"It is true what His Majesty said."

The guessing thing, everyone also broke it, so they could only deal with it.

"For Hongwu's release, Xiaojia is also concerned, but it can be delayed."

Lu Xiaoqi couldn't help but said.

"Let's try it out!"

The emperor nodded, turned his eyes back to Lu Xiaoqi, and said, "Try it in the capital first."

(End of this chapter)