Travel to the early Tang Dynasty and become a salted fish

As a result, banks all over the world began to pour in a large amount of silver and exchanged it for truckloads of copper coins.

Not only the Tianxia Bank in Chang'an City, but all the shops of Tianxia Bank throughout the Tang Dynasty also ushered in a wave of copper coin exchange.

Gradually, Li Shimin and several family heads also felt that something was wrong.

No matter how stupid they are, they still know that converting so much silver into copper coins, not to mention the manpower and material resources spent in transportation, just talking about the storage step, is beyond the reach of ordinary people.

Moreover, who among the truly wealthy families would not want to turn the copper coins at home into silver ingots, which would facilitate storage and facilitate back-and-forth transactions.

Although there are banks now, you can use banknotes when making transactions.

But who will exchange all the silver in their own treasury for silver notes.

What puzzled them the most was that Chu Mo had only opened the business of exchanging copper coins for silver, but not the business of exchanging silver for copper coins.

They all know that Chu Mo is a good-for-nothing guy. Why would he not be tempted by such a big piece of fat in front of him?

Just when everyone was wondering what Chu Mo was thinking.

Early the next morning, the exchange rate for silver at Datang Bank changed.

Once again, the exchange rate changed from 1:1100 to the market exchange rate of 1:1000.

When everyone saw this, they all began to laugh at Chu Mo because he was so incompetent that he had to lower the exchange rate to attract savers.

At first, several family owners thought that they would continue to lower the exchange rate so that Chu Mo would not be able to exchange even one tael of silver.

But he was stopped by Li Shimin.

To put it in his words: the current exchange rate in the market is 1:1000. If it is lower, it will have an impact on the market, and he will only lose money and make a fuss.

Nowadays, they cannot find out how much money Chu Mo has in his hands. If they take action rashly before the situation is clear, they can easily get beaten passively.

What's more, Chu Mo has purchased a large amount of copper coins before. If they lower the exchange rate of copper coins, they will inevitably increase the exchange rate of silver.

If Chu Mo took the opportunity to exchange the copper coins in his inventory for silver and earn the price difference, then wouldn't he and others have given money to Chu Mo in vain?

When everyone heard this, they thought it made sense, so they did not continue to lower the exchange rate.

In fact, everyone is not stupid. If the exchange rate continues to lower, the people of Datang will ultimately benefit, and the two banks will ultimately lose.

What Li Shimin didn't know was that Chu Mo didn't look down on the small profits he could get from exchanging copper coins.

At the same time, Chu Xin, who was far away in Luoyang, also opened the first bank.

And her rise instantly overwhelmed the other two banks.

Chu Xin's bank is called Jiuzhou Bank. On the first day it opened, it launched a slogan: save money and earn interest.

It directly breaks the model of depositing money and paying interest at Datang Bank and Tianxia Bank.

Although the interest paid by Jiuzhou Bank is not worth mentioning in the eyes of those wealthy families.

But without contrast there is no harm.

When money is deposited in the two major banks, Datang Bank and Tianxia Bank, interest must be paid.

Jiuzhou Bank not only does not have to pay interest, but also returns interest.

This act of flipping the table directly broke the model of the bank industry.

Because Chu Xin is already a well-known strong woman in Luoyang and has industries all over the country, she has extremely strong connections and high credibility.

Therefore, after this slogan was issued, the wealthy gentry who originally deposited their money in the two major banks took out their money and transferred it to Jiuzhou Bank.

However, since Jiuzhou Bank was only opened in Luoyang and could only affect surrounding cities at most, it had not attracted the attention of Li Shimin and Chu Mo yet.

The two parties are still in Chang'an City, trying their best to attract depositors.

Chu Mo's Datang Bank would be harassed and inspected by various officers every three days.

Whether it's disturbing people or trying to catch key criminals, while waiting in line, people fainted, got into fights, lost wallets, etc. All kinds of troubles continued.

As soon as something happens, the surrounding policemen will appear immediately to disperse the crowd, euphemistically called: protecting the scene.

Chu Mo, on the other hand, once again used his trump card to buy the shops at both ends of the street where Tianxia Bank was located at a high price.

Then, I would close the door and fry stinky tofu inside every day.

In this way, even the patrol officers can't do anything to them.

What, you still have any objections to me playing with feces at home?

People who pass by that street every day, when they return home, their families can even smell a vague odor from them.

In just a few days, the entire street was like a curfew. Except for people living nearby, almost no one passed by.

And those who live nearby are turned away every time they come to ask for an explanation.

If you want to force your way in, a large group of servants will instantly appear to guard the courtyard and disperse the crowd.

According to Chu Mo's words: If you dare to use despicable methods to deal with me, then I will disgust you to death.

Because of Chu Mo's stinky tofu, the whole street was not only deserted, but also the prices of all the shops and properties were reduced to the lowest.

Even so, no one cared.

Chu Mo also took the opportunity to hoard a large number of properties.

So far, the fight between the two banks has resulted in a thousand losses to the enemy and a hundred to oneself, with no one gaining much benefit.

Just as the two parties were still in a stalemate, the reputation of Chu Xin's Jiuzhou Bank began to slowly ferment and spread around at an alarming speed.

Without anyone noticing, Chang'an's first Jiuzhou Bank opened quietly.

On the opening day, Chu Xin didn't notify anyone, she just set off dozens of firecrackers at the door, then took off the red cloth on the plaque, and that was it.

When people discovered that a third bank had appeared in Chang'an City, some "secret information" about Jiuzhou Bank had been spread in the streets.

Jiuzhou Bank was founded by Chu Xin, the sister of Chu Mo, the Tang Dynasty Bank. Not only did it have a hidden sect as its backer, but even the current emperor was turned away when he wanted to invest in it before.

Because Chu Xin and Chu Mo have different concepts, the younger sister feels that her brother is immoral and defrauds the people of Chang'an of their money.

The two even decided to break off their relationship before, and they even got into trouble with the county government.

In the end, due to Chu Mo's official status and Chu Xin's status as a weak woman, she had no choice but to give in.

Although the relationship was not broken, Chu Xin was attracted by her brother and opened another Kyushu bank.

For a time, it was like a replica of the battle between Datang Bank and Tianxia Bank, with countless rumors flying in the sky.

People who didn't know the truth were induced by public opinion. When they learned that Jiuzhou Bank saved money, not only did they not need to pay high storage fees, but they could earn interest, they all turned to Chu Xin's Jiuzhou Bank without hesitation.

Anyway, they don't care much about the truth. All they care about is the money in their hands.