Chapter 125 National Policy! Daming Bank Plan!

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Qianqing Palace.

There was silence in the main hall.

All the ministers were digesting what the King of Han had just said.

It is true that the Ming Dynasty's banknotes are full of shortcomings: no reserve, no strict currency issuance system, and no currency recovery system...

In other words, the Ming Dynasty treasure banknotes now use the credit of the imperial court!

Without many checks and balances, the court would do whatever it wanted without considering the consequences.

Once the people of the world lose confidence in the Ming Dynasty and no longer support the Ming Dynasty, what will be the consequences?

"Water can carry a boat, but it can also capsize it!"

"All ministers are well-educated, and they should understand such simple principles."

"Then you might as well think about it, once the Ming Dynasty treasures are reduced to useless paper and the imperial court loses credibility among the people, what will be the consequences?"

"Our Ming Dynasty is not far from destruction!"

Zhu Gaoxu said this rebelliously, making many courtiers tremble in shock.

But now, even Gu Zuo, the censor of Zuodu, did not express any harsh words.

Because they have more pressing things to do now than worrying about this trivial matter.

That is to save the Ming Dynasty Banknote Law!

We cannot allow it to continue to depreciate like this!

Otherwise, the imperial court's finances will collapse and the imperial court will lose credibility among the people...

The Ming Dynasty was really not far from destruction.

However, the treasure banknotes have been issued for so long and have depreciated more than ten times. Is there any hope of rescue?

Everyone looked at Zhu Gaoxu with doubts and expectations.

Zhu Gaoxu smiled calmly under the gaze of everyone.

"There is no way to save the Ming Dynasty treasure banknotes, but we need to cooperate with the implementation of the bank's plan!"

Everyone: "???"

Bank plan?

What is that?

Listening to these words, Prince Han seems to be very prepared!

Zhu Gaoxu didn't answer, just clapped his hands, and soon someone from the palace came in and distributed the new plan to the ministers.

At the same time, Prince Han's right-hand man, Zhou Chen, the current head of the Household Department, walked out calmly.

"Since the end of the Yuan Dynasty, silver, money, and banknotes have been in common use."

"During the Renzong period of the Northern Song Dynasty, Jiaozi issued and used spontaneously by the people appeared in the Sichuan and Shu regions. Then the Jin Dynasty began to issue Jiaozi banknotes, the Southern Song Dynasty court began to issue Huizi banknotes, and the Yuan Dynasty issued Zhongtong banknotes..."

"The history of banknote issuance in these dynasties has provided us with sufficient experience and lessons for the issuance of Ming Bao Banknotes. Emperor Gao learned from the experiences and lessons of the previous dynasties, launched the Bao Banknote system and made a series of regulations."

"If there is no expiration date and can be circulated indefinitely, a handling fee of 30 yuan will be charged for each old banknote to be replaced with a new one. Without establishing a reserve system, the common people are only allowed to exchange gold and silver for treasure banknotes with the government, and the common people are not allowed to use treasure Banknotes are exchanged for gold and silver to the government; the currency status of gold and silver is abolished, and the use of gold and silver in circulation is prohibited..."

"In addition, it also stipulates the basic shape of treasure banknotes and establishes the penalties for counterfeiters..."

Zhou Chen talked endlessly about all the knowledge about Daming Banknotes. As the initiator of the Daming Bank Plan, he had great honor this time and had already made sufficient preparations.

Although the ministers were a little impatient, because the boy didn't get to the point at all, but because of Prince Han's face, they could only listen patiently.

"It is precisely because of the shortcomings and shortcomings mentioned by His Royal Highness the King of Han just now that the Ming Dynasty treasure banknotes faced serious devaluation and people did not like to use them soon after their implementation. The imperial court also took remedial measures. For example, the Hongwu Dynasty ordered a ban on the use of copper coins. , requiring private copper coins to be exchanged for treasure banknotes within a time limit, trying to turn treasure banknotes into the only currency..."

"Another example is the Yongle Dynasty's implementation of the household salt law, which stipulated that adults should eat one pound of salt per month and pay consistent banknotes, while children should pay half of it. Soon, it was stipulated that banknotes could be used instead of gold and silver for taxes, fines, etc., hoping to recover treasure banknotes... …”

"However, these banknote rescue policies have not achieved obvious results. The scope of use of private copper coins and gold and silver has further expanded, and the status of treasure banknotes in circulation has further declined..."

"In the final analysis, it is because the Ming Dynasty treasure banknotes have lost their credibility, and the people cannot use the treasure banknotes to exchange for gold and silver from the court. This is the biggest drawback!"

"After all, holding a few pieces of paper lightly in your hand, how can gold and silver in your hand be more reassuring?"

Admittedly, there is nothing wrong with what Zhou Chen said.

You only allow people to exchange gold and silver for treasure banknotes, but you don't allow people to exchange treasure banknotes for gold and silver. It's strange that people will accept it!

Although the people are simple and honest, they are not stupid. Only a fool can do such a thing by giving gold and silver in vain in exchange for your flimsy piece of paper.

Even though the imperial court ordered many times that treasure banknotes must be used in private transactions in an attempt to establish the legal status of Ming Dynasty treasure banknotes as the only currency, is it of any use?

A large part of the reason why people resisted the Ming Dynasty's banknotes was because the banknotes could not be directly turned into gold and silver!

A few flimsy pieces of paper are really not as safe as gold and silver!

Seeing that the ministers did not put forward any opinions, Zhou Chen took a deep breath and slowly revealed the Ming Dynasty Bank plan.

"The so-called bank's main business is currency exchange. People can exchange treasure banknotes for equal amounts of gold and silver anytime and anywhere. In this way, it is absolutely guaranteed that the treasure banknotes will not depreciate. This is the most effective way to save the Ming Dynasty treasure banknotes and improve the credibility of the court. !”

As soon as these words came out, all the officials were shocked!

Bank!

Currency exchange!

Exchange precious coins for gold and silver!

This is simply an appalling method!

Xia Yuanji first raised the question, stroking his beard and said: "But the prerequisite for opening Daming Bank is that sufficient reserves must be prepared, UU Reading www.uukanshu.net, right?"

"Otherwise, this bank plan would be a joke."

Allowing people to take their treasure banknotes to banks to exchange for gold and silver, this would stabilize the bad phenomenon of continuous depreciation of treasure banknotes and enhance the declining credibility of the Ming Dynasty.

This is indeed a good idea!

But the only prerequisite is that a sufficient amount of gold, silver and copper coins must be prepared in the Ming Dynasty Bank. Otherwise, the people will not be able to exchange the treasure banknotes for gold and silver. On the contrary, it will be self-defeating, further aggravating the depreciation of the Ming Dynasty treasure banknotes and the decline of the court's credibility!

So the question is, where does this gold and silver come from?

The Ministry of Household Affairs is so poor that it is almost too poor to open the pot. Is it possible that the three major Yongle New Deal projects are really going to be suspended?

Facing Xia Yuanji's gaze, Zhou Chen smiled slightly and said, "This involves another main business of Daming Bank, which is deposits!"

"The imperial court does need to invest reserves in the early stage to ensure the normal operation of the bank. At the same time, the bank can also deposit money, allowing people all over the world to deposit gold, silver, copper coins and even treasure banknotes into the bank, and open independent accounts and deposit certificates for them."

"As long as you hold this deposit certificate, you can go to the bank to withdraw the same amount of currency at any time. This not only facilitates people's travel, but also allows the bank to replenish reserves at any time..."

After hearing this, Xia Yuanji's eyes suddenly lit up and he couldn't help but applaud.

The exchange business enhances credibility and solves the credit problem of banknotes.

The deposit business replenishes the bank's reserves and greatly facilitates people's travel. Then the Ming Dynasty's economy will be more prosperous.

"In addition, after the banks are in normal operation, they can also open lending, lending, funds and other businesses. The court can even macro-control the Ming Dynasty's economy through banks all over the country!"

"The Ming Dynasty Bank is not only a remedial strategy to save treasures, but also a strategy to rejuvenate the country and benefit the people!"

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