Steel Dynasty - Chapter 836

[Chapter 835: The Dragon Coin]

“Your Majesty, please take a look.”

Pang Yukun presented the printed set of currency in front of Xiao Ming in the imperial study.

After deciding to issue currency, Xiao Ming asked the government to fully prepare and allocate resources. With his personal supervision, the first mint workshop of Dayu was successfully established, and a set of currency of Dayu was successfully established within a month. Made.

This includes the banknotes he requested, as well as three types of metal currencies. The materials of these three metal currencies are gold, silver and copper.

Whether it is banknotes or currencies made of gold, silver and copper, they are collectively called Dayu Dragon Coins. The gold coins in the dragon coins are called Golden Dragons, which weigh 1.5 grams. They are made of pure gold. The silver coins are called Silver Dragons, which also weigh 1.5 grams. Gram, the value is one-tenth of the gold coin, and the copper coin is one-tenth of the silver coin.

As a result, the three metal currencies of gold, silver and copper are the main currencies in circulation in the market, while banknotes are relatively larger in denomination and are mainly used for large-scale commercial trade.

Xiao Ming’s issuance of currency this time is not arbitrary. In this era, people’s recognition of metal currency is much greater than paper money. If they use all paper money rashly, people will not be willing to hand over their gold and silver to banks in exchange for paper money due to lack of trust. .

Therefore, Xiao Ming currently produces large-denomination banknotes, which are mainly used for trade circulation. At the same time, the reason why he does this is to prevent counterfeit banknotes from impacting the private economy.

If paper money is used for large-scale trade, merchants will go to the bank to ask the bank to identify the authenticity of the paper money before using it, thus cutting off the circulation of counterfeit money.

After all, although he used many anti-counterfeiting technologies in later generations in the process of making banknotes, there is no guarantee that Western countries will not print counterfeit banknotes to harm the finance of Great Yu.

Historically, Napoleon copied a large number of Tsarist Russian banknotes. During his attack on Russia, he used a large number of counterfeit coins to purchase Russian goods, causing chaos in Tsarist Russia’s domestic economy and causing citizens to buy gold for refuge.

At the same time, Napoleon also printed pounds sterling, Austrian coins, and Prussian coins, which for a time flooded Europe with counterfeit coins.

Thinking of this history, Xiao Ming thought that we should be more cautious. Now the Western colonists were full of ill will towards the Great Yu Kingdom and had always wanted to reverse the trade deficit. He could not give them this opportunity.

“Is this one hundred gold dragon coins?” Xiao Ming looked at the banknote. The banknote was golden yellow in color and was stamped with ocher, a mineral pigment.

In the center of the banknote is a portrait of an emperor with a crown, which looks very similar to Xiao Ming.

To the north of the banknote is a steam engine locomotive running on the rails, with the words “100” in the middle. These patterns are carefully carved by craftsmen. There is also a small square in the lower left corner of Xiao Ming’s head with the name of this banknote printed on it. The production date and number, and the most important thing is that this small square uses micro-carving technology, which once again increases the difficulty of imitation.

“Yes, Your Majesty, this is currently the currency with the largest denomination in Dayu.” Pang Yukun said with a smile. In fact, one golden dragon is enough for the people of Dayu to live for a month.

After all, according to the previous silver conversion, the salary of a female worker in the textile mill is one golden dragon, which is twelve golden dragons a year, and the salary of a female worker is considered very high in Qingzhou.

“After issuing banknotes, banknote inspectors must be set up in each bank, and the currency issued must be stamped with the seal of Qingzhou Bank to prevent counterfeit currency.” Xiao Ming looked serious.

Any policy is achieved step by step. One bite cannot make you fat. This discovery of currency is also an initial attempt at financial reform for him.

Putting down the banknotes, Xiao Ming picked up the gold dragon, silver dragon and copper coins. In the current UK, the weight of a gold coin is about seven grams of gold. The reason why he used 1.5 grams is because the current gold reserves are too small.

The purpose of issuing new currency this time is to collect gold and silver from the private sector, so that there will be no shortage of materials.

Like the banknotes, the gold coins also feature Xiao Ming, but the silver coins and copper coins are different. The silver coins are printed with a naval battleship, while the copper coins are printed with ripe wheat ears.

According to modern rules, these coins should be printed with the image of the founding emperor, but for Xiao Ming, he had re-established a different country since the Chang’an Rebellion, so he had no shame in using his own image.

The most important thing is to print your own face on the money, which will also make the user more friendly to him. Who can have trouble with money?

After checking all the currencies, Xiao Ming said: “Let Qingzhou Bank issue it to the outside world. Then go to the newspaper office to find Fan Zeng and ask him to cooperate with you in publishing this new currency.”

After a pause, he continued: “In addition, this The construction progress of Qingzhou Bank must be accelerated, at least to ensure that there is a bank in every state. “

Lao Chen is already taking over the Cao Family Bank. It is estimated that within two months, all the Cao Family Banks in the prefectures and counties will be transformed into Qingzhou. “

Bank.” Pang Yukun told his current results.

Xiao Ming has always trusted Pang Yukun, and he said: “In this way, I feel relieved.”

The monarch and his ministers discussed the currency matter, and Pang Yukun continued; “Your Majesty, according to the old minister, Ge Yiren and the others Kong

Huairen, the head of the Confucian family in Qufu, has returned to Qingzhou. I think it’s time for the emperor to hold the Taishan Conferment Ceremony. In this way, the emperor will be the leader of Confucianism and can lead the transformation of Confucianism.”

Xiao Ming nodded, and he also got it. After hearing the news, it is said that Ge Yiren persuaded Kong Huairen, the head of the Kong family, as soon as he arrived in Qufu. After staying in Qufu for a period of time, Kong Huairen took more than 300 disciples and three people to Qingzhou, and is now waiting for his interview. .

Xiao Ming was enthusiastic about this matter and was happy to see it come to fruition. The Kong family understood the situation clearly at this time and saved him a lot of effort.

“I’ll wait until I meet Kong Huairen now. I have a lot of things to explain to him.” Xiao Ming muttered. In order to reform Confucianism, he personally wrote a set of key points that needed to be reformed, and waited for Kong Huairen to publicize it for him.

“Yes, Your Majesty.”

Pang Yukun responded, confirming that Xiao Ming had nothing else to do before turning around and leaving.

After Xiao Ming was the only one left in the Imperial Study Room, he picked up the new currency of the Chongqing Kingdom again. In the blink of an eye, the reform of the Chongqing Kingdom had been going on for two years. With the deliberate support of the government, various banks were established in various parts of the Chongqing Kingdom. Various workshops, both government-run and private, jointly support the current industry in Great Chongqing.

Because of the prosperity of industry, merchants had more goods to resell, allowing a steady flow of silver to flow into the country of Chongqing. It was against this background that currency was issued.

It’s just that the current industrial capacity is not enough for him. He needs more workshops, but in this way he needs more markets to support industry and sell more types of goods.

Thinking of this, he couldn’t wait to get more areas similar to Goryeo.

While he was thinking about it, Li San arrived outside the imperial study room.

(End of chapter)