The Ming Dynasty has just been exiled and the Luzon system has awakened.

On the fifth day of the first lunar month of the first year of Tianyun, a major event ushered in Dingtian Mansion.

Daming Royal Bank, which was originally scheduled to open on the first day of the Lunar New Year but was later postponed due to various departments' holidays, finally opened on this day.

At the same time, the imperial court issued an announcement that from now on, all people can go to the Royal Bank to exchange the new version of Dragon Coin on a one-to-one basis. The Royal Bank of Ming Dynasty will also start interest-bearing deposit and loan business simultaneously.

As soon as the announcement was issued, the people began to discuss it.

Because Zhu Heyi had already issued an announcement about the currency reform in advance, so the people knew that the new version of currency was mainly paper money.

"Hey, is your Majesty short of money? Why did you take such a stupid step?" An old man shook his head and sighed.

"Yeah, what about? Let's go to the Yamen and ask if we can organize a private fundraiser?" Another person also said.

Although Ming Dynasty banknotes have been abolished for 200 years, their notorious reputation still makes many people change their expressions when they hear the word paper banknotes.

So now that the new currency is issued, the first thing people think of is that His Majesty the Emperor has no money.

However, many people still remember the good that His Majesty the Emperor brought them.

No, thinking that His Majesty the Emperor is short of money, someone is planning to organize private fundraising.

"Go, go ask..."

……

On the first day of the issuance of the new currency, very few people went to the bank to exchange dragon coins. Zhu Heyi had already expected such a result.

But what he didn't expect was that Xu Jingming came to report that the people thought that the royal family was out of money and were preparing to hold private donations.

This made him cry a little.

Of course, he was still very pleased, at least he had never heard of any dynasty where people would spontaneously raise funds from the royal family.

Of course, he doesn't need private donations. Now that maritime trade is becoming more and more frequent, Daming's products don't have to worry about selling. There are a lot of small money coming in. How can he care about the hard-earned money in the hands of ordinary people?

On the morning of the second day after the new currency was issued, there was still no crowd in front of the bank gate. Except for the occasional people who came to inquire about interest-bearing deposits, there was basically no one exchanging new currency.

People still use old copper coins and scattered silver to go shopping in stores.

Nothing seems to have changed.

Of course, for ordinary people, they did not feel any changes. After all, His Majesty the Emperor did not mandate the use of new coins, so until now, they have not even seen what the new coins look like.

But another group of people is different.

"Shopkeeper Wang, according to His Majesty's decree, all products produced by the royal factory will use dragon coins as the standard settlement currency from the date of the issuance of the new currency. If you insist on using the old currency for settlement, you will have to pay half a percent more handling fee."

The sales staff of the Royal Cloth Factory explained to a cloth shop owner in front of him with a smile.

"What? I have to pay half a percent more handling fee!"

The owner of Buzhuang looked surprised.

"Yes, this is His Majesty's will. In order to prevent you from spending too much money, I personally recommend that you go to the bank to exchange dragon coins before paying. The exchange of new and old coins at the Royal Bank is still one-to-one."

"Currently?"

"Ah, that's the case. As far as I know, all the old coins collected by the Royal Bank are sent to the mint, where they are re-smelted and cast into silver dollars for the bank's capital reserves.

The newly minted silver coins are all [-]% pure silver, without a trace of variegation. The silver we used before was more or less variegated, and there will definitely be fire loss after being melted into silver coins.

Nowadays, dragon coins, silver dollars, and old coins are exchanged on a one-to-one basis. Your Majesty will lose one penny for every new coin minted. So I guess the current one-to-one exchange ratio of banks will not be maintained forever. After all, if it continues to lose money, Even His Majesty may not be able to bear it. Currently, major royal factories charge half a percent more handling fees, probably to reduce losses.

Of course, the above are all my own guesses based on the current situation, so don’t go around talking nonsense! "

The staff suddenly...explained seriously.

"That's it~"

Shopkeeper Wang’s eyes flickered.

Now if you pay directly with silver, you will have to pay half a percent more. His payment this time is several hundred taels, so if you pay with silver, you will lose dozens of taels.

And if you exchange it into new currency, you seem to be able to earn a little more?

However, he accepted that His Majesty could not keep losing money. If one day in the future, in order to stop losses, His Majesty's bank would no longer exchange Dragon Coins on a one-to-one basis, wouldn't his assets shrink accordingly?

Businessmen pursue profits, and they can't stand making less money. How can they be willing to see themselves lose money!

Change it, you must change it immediately!

"Brother, please prepare this batch of goods for me first. I'll go to the bank to change the money and come back to pay."

After saying that, shopkeeper Wang carried the silver box and headed towards the bank.

When they arrived at the bank, Shopkeeper Wang was shocked to find that the bank, which had been empty in the morning, was now packed with people. Judging from their clothes and the accompanying clerks, they seemed to be shopkeepers and bosses of some shops!

Shopkeeper Wang didn't see anyone he knew, so he didn't talk to anyone. He just lined up honestly.

However, during the queue, there was always an exclamation from the counter in front of him after a while, which made him curious.

He wanted to see the excitement, but there was still a queue, so he could only suppress his curiosity and wait in line.

Finally, after about half an hour, it was his turn.

He walked up to the counter.

"Sir, what business do you need to handle?"

The guy at the front desk looked at Shopkeeper Wang and asked with a smile on his face.

"business?"

"Oh, what do you want me to do for you? Currently, the Royal Bank can handle old and new currency exchanges, interest-bearing deposits and low-interest loans."

"I want to change money, 500 taels of silver."

Shopkeeper Wang put the silver box on the counter as he spoke.

The boy at the counter didn't waste any time. He took out a display picture with dragon coins of various denominations and handed it to Shopkeeper Wang.

"Sir, this is the picture of each denomination of the new currency. How do you need to exchange your 500 taels of silver?"

Shopkeeper Wang did not respond immediately to the counter boy, because he was completely stunned when he looked at the display painting.

He originally thought that the new coins issued by the imperial court should be similar to the Ming Dynasty treasure banknotes, but he did not expect that the new coins would be so exquisite.

Those lines, those colors, and the banknotes actually have the portraits of the current emperors, Emperor Chengzu and Emperor Taizu printed on them!

Holding the display painting in his hand, Shopkeeper Wang's hands began to tremble. He finally understood that those people before would keep exclaiming.

This is no money!This is clearly a work of art!

……