Section 387 Using the Jews (1)
"Haha, look at what you were like just now. Where is the glory of our government's finance minister? You should know that everyone says that you have the money bag of our government here and is the most glorious among all ministers. You just now look like a loan shark who comes to collect interest from me. Don't worry, go back and tell your subordinates that they all keep their heart in their stomachs. What we don't need is money. I'll find a way to get you a batch of money in the shortest time. Of these 30 million oceans, 10 million yuan will be paid with copper coins. By the way, how is the circulation of copper coins in the market in recent times?" Mao Yuanshan has too many places to make money. 30 million oceans are not a big number for him. Just contact the Germans later.
"At the beginning, many people said that copper coins were good. After we issued it, it was sought after by the market. Now the central government's fiat currency is no longer worth much, basically the same as waste paper. It depreciated too quickly. Originally, at 100 yuan fiat currency, a cow could be purchased in the market, but now it can't even buy a chicken. Everyone says that our copper coins are good. Even if it is really not worth it, it is pure copper. It has its own value. It is much easier for ordinary people to accept metal currency than these paper currency." Speaking of the central government's fiat currency, Wang Zhonghua shook his head and sighed.
The reform policy of fiat currency can be said to be the most successful fiscal policy in the 1930s. Unexpectedly, in the war, the central government's economic bankruptcy was directly overcome by printing more money. Currency depreciation can indeed overcome difficulties, but the entire country's economic system was sacrificed.
Mao Yuanshan looked at him sighing and did not tell him what was going on. If he knew that these fiat currencies were not even as good as waste paper, he would not know what it was. In history, fiat currencies are still valuable now. At least 100 yuan can be enough to buy a chicken. If it was two years later, the 100 yuan could not even buy a cigarette. By the 100 yuan, 100 yuan was only enough to buy a few matches. If the 100 yuan was down, it would be nothing, and even the printing cost was not as good as that. At that time, a relatively large amount of fiat currencies appeared, as if even 10,000 yuan was not a big money.
In fact, the central government is unwilling to implement any currency depreciation policy, but there is no way to do this. The entire country has fallen into so many territory and the Japanese devils have occupied so many areas. Whenever they go to a place, the first thing they do is to open the banks in these places, take away a large amount of banknotes, and then transport them to the French Concession in Shanghai, where they buy a large amount of strategic materials. Anyway, no matter what, as long as they can be bought with fiat currency, they will be taken away.
Chapter completed!