Prime Minister Wang Zhongce saw Emperor Su He's extremely confident look.
He asked tentatively: "Your Majesty, do you want the officials' salaries to be converted into banknotes?
I’ve heard a lot of suggestions these days that officials don’t want banknotes to account for too big a share of their salaries.”
When Wang Zhongce said this, he carefully observed Emperor Su He's expression.
Seeing that Emperor Su He's expression did not change, he added: "Your Majesty, the imperial court is issuing banknotes publicly, and the newspapers will fully report it.
The common people will soon learn about paper money. Because of the influence of Ming Dynasty treasure banknotes, they don't trust paper money very much.
It was too difficult for the imperial court to solve the money shortage in a short period of time.
It will take a long time for the people to fully accept banknotes."
Emperor Su He said with a smile: "Wang Aiqing, officials' salaries are only given out per year.
Zhou Yunxu immediately and respectfully replied: "Your Majesty, I have already told banks in various places that people should exchange banknotes for silver and copper coins in full.
The sellers downstream of his factory had no money to pay with silver coins, so they could only choose IOUs and banknotes as payment methods.
Silver coins were just a means for them to purchase supplies.
The village chief and I will provide you with relevant certificates."
Hu Dafu’s wife said in surprise: “This is great, instant noodles are fried food and have a long shelf life.
If you can’t buy anything with banknotes, I’ll pay you in exchange for banknotes.”
When Lu Shuiniu saw this scene, he immediately understood that the news had spread.
"Master, these are banknotes. I saw them in the newspaper.
What they really need are materials that are scarce on the grassland, such as ironware and tea.
Shopkeeper Zhou Botai's face turned red and he said: "Master, those you gave us are banknotes, not silver coins.
Minister also spread the word that UOB would provide a low-interest loan in order to support industry and commerce.
They get banknotes and as long as they spend them in time, there is no risk at all.
“My cousin’s second son responded to the imperial court’s call and went to Turpan Province to plant cotton.
Money is money if you can really buy something. Otherwise, giving them gold is just a beautiful stone.
The family house is not worth much, so there really is nothing that can be used as a mortgage."
As long as there is a guarantor or collateral, you can get a loan from the bank.
The wool textile industry has developed so fast that demand for wool currently exceeds supply.
The officials at the tax bureau directly accepted the banknotes used to pay taxes without any difficulty.
What's more, these instant noodles are sitting in the warehouse and we can't start producing new instant noodles.
If we offer credit, the wool will be resold to other merchants."
Supplies are real money and must be purchased with cash.
"They are people from the county bank, and they come to our township specifically to apply for loans to the villagers.
The shopkeeper Zhou Botai shook his head and said: "My boss, it's hard for a clever woman to make a meal without rice. If you don't pay me, how can the Yinchuan factory purchase wool?"
According to previous procedures, after checking the taxes, Zhao Baoliang took out the banknotes to pay the taxes.
The bank will also cooperate with the township government to promote small credit loans in rural areas."
Yang Pengfei asked Zhou Botai, the shopkeeper in charge of the wool trade.
Zhao Baoliang was worried that banknotes would lose half their value in a short period of time, just like Ming Dynasty banknotes.
Are they going to pay with IOUs? That's not okay.
Counting on this method to put banknotes out is simply a drop in the bucket.
Next, it depends on whether the public can accept banknotes.
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We have a stack of IOUs in our hands, and the financial chain is about to collapse, especially since the grain bank no longer allows credit.
It is easy for merchants who are already anxious and exhausted to accept banknotes."
Let banks lend out large amounts of banknotes through loans.
Many commercial banks that are in crisis borrow a large amount of money from banks to use for the bank's turnover.
I will allocate one million taels to the Yinchuan factory to purchase wool."
Su He looked at bank president Zhou Yunxu and asked, "How are you doing with the things I asked you to do now?"
Zhao Baoliang immediately chose to accept banknotes for repayment.
When the villagers learned the news, they immediately asked: "Mr. Lu, what is the guarantee for the loan?
As soon as this article came out, a large number of businessmen were immediately enlightened.
Only by exchanging paper money for wool can we make the maximum profit."
Ask in detail about the details of this transaction.
The workers produce some other food, but most of them are idle and need to be paid a salary of several hundred taels of silver coins every day.
After Hu Dafu wanted to notify, he immediately contacted the logistics department and agreed to the deal.
If we can no longer collect cash, we won't even be able to pay workers' salaries.
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Even if paper money cannot be spent, it can be used to pay taxes for officials, and its value will not depreciate too quickly.
The rubber shoes produced by his shoe factory are selling well, and the September tax will cost 300,000 taels of silver coins.
It is not too difficult to be promoted to one rank and transferred to the county government office as chief officer.
In a spacious mansion in the capital, Hu Dafu kept wandering around the room with his hands behind his back.
Remember what these banknotes look like. This banknote is worth one or two silver coins.
Lu Shuiniu got the news and he behaved better this time.
Your understanding of the Mongolian tribe is too superficial.
He walked to Yushu Village and was immediately surrounded by villagers.
It takes a certain amount of time for people to accept banknotes.
The strength of our business is very strong, allowing the local area to prepare a large number of products that are urgently needed by the Mongolian tribes.
"Shopkeeper Zhou, do you have a bad memory? Our company took out a loan of three million taels of silver coins some time ago.
At this time, Zhao Baoliang's eyes changed when he looked at the banknotes.
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Xinzhi County is on the way to take office, and many officials in the county have also been dismissed from office for investigation.
"Master Lu, the imperial court can really give us a loan and support us in opening a chicken farm.
We have been owed wages for a month and a half, and if we continue to be owed wages, all the workers will run away."
After Hu Dafu heard this, he hugged his wife excitedly.
In the past, when the imperial court provided assistance to the village, it only provided us with money to buy cattle and seeds."
This way we can save the factory and we won’t bear too much loss.”
Even if paper money is the same as treasure money, after we earn paper money, we should get rid of it as soon as possible.
"The weather has turned cold, so why is there still less wool shipped from the Yinchuan factory?
Zhao Baoliang asked his subordinates to carry a bag of banknotes and walk into the tax bureau tremblingly.
There is no wool, where can the yarn come from?
Those Mongolians were very smart and had to use silver coins to buy the wool in their hands.
Su He said confidently: "The best place to spend money is not those businessmen.
Yang Tengfei's face darkened. The old people in these business houses were too stiff-minded.
This was not the first time Lu Shuiniu encountered this situation. He smiled and explained: "The information you know is incomplete. This is a newly issued banknote by the imperial court.
Emperor Su He arranged this, and the problem of paper money delivery was easily solved.
This was a once-in-a-lifetime opportunity, and he had to stand out.
Through military procurement, large amounts of banknotes were spread into society.
He also asked his wife to write an article under a pseudonym and submit it to the Commercial Daily.
He planned to purchase a large amount of materials in Xi'an and transport them to Baotou for trade with the Mongolian tribes.
When Wang Zhongce heard Emperor Su He's arrangement, a smile appeared on his face.
The cabinet is raising military expenditures. There is no need to raise military expenditures now. The cabinet directly borrows money from banks to finance this war.
The bank sensed the businessmen's ideas and promptly launched a business.
When Wang Zhongce heard the news, he immediately understood Emperor Su He's methods.
His wife said impatiently: "Master, you have been wandering around all morning, and you haven't thought about what urgent matter you encounter."
There is a shortage of silver coins and copper coins in the market now, so we have secretly set a threshold.
By the time ordinary people come into contact with banknotes, they can already see the purchasing power of banknotes.
"Repaying the loan is the punishment, and we can all bear it.
The main purpose of Lu Shuiniu's active promotion of the new policy is to express himself.
The companies under the Shaofu will also follow suit, and all goods and technologies are allowed to be purchased with banknotes."
Hu Dafu sighed: "Hey! This is an order from the Logistics Department of the Governor's Office.
For prices above 500 taels, you need to make a reservation in advance and explain the relevant purpose.
The family's land and loan have not been repaid.
Many people who were in a good position immediately signed up for a loan. They looked at the pile of colorful paper they got after signing the deed.
As the name suggests, a credit loan does not require a mortgage.
In more than a month, it will be the day of corn harvest, and winter wheat will be planted after a while.
They care most about the purchasing power of money.
This is the Dahua Dynasty family factory with most of its management structure.
In order to develop the company, he must find a way to remove these old people and replace them with young people with flexible minds.
If I can't repay the loan, the most I can do is grow cotton with me."
Today he brought his subordinates to the tax bureau to pay taxes.
Wang Zhongce asked worriedly: "Your Majesty, the bank will print the first batch of 50 million taels of banknotes. Can those businessmen absorb such a large amount of money?"
Hu Dafu held one or two banknotes that had been balled up in his hand.
"You are really my lucky star, why didn't I think of this.
Hu Dafu is in charge of external liaison business, and his wife takes care of all the factory affairs.
All the silk and cloth accumulated by our company can be mortgaged to banks and exchanged for a large amount of banknotes.
The bank's introduction of this policy has dispelled many people's concerns.
The logistics department always gives cash when purchasing things, but the cash given this time is different."
But if stored for a long time, not only the taste will change, instant noodles will also become moldy.
If you are short of something, come back with me now and buy it with banknotes.
After Hu Dafu finished speaking, he handed the crumpled banknotes in his hand to his wife.
When the villagers heard the loan request, they immediately became proactive.
Emperor Su He saw the worried expression on Wang Zhongce's face, but he was not worried at all.
When you deposit banknotes in the bank, you can also choose silver coins and copper coins when withdrawing money.
Buying this kind of instant noodles will affect the reputation of our store.
Massive amounts of banknotes first circulated among merchants, and with the circulation of goods, they were gradually passed on to everyone.
He took a train to Yinchuan with a large amount of banknotes.
History has proven that people don’t care what money is?
Shells, bronze, gold and silver, paper, even a piece of data.
Lower the prices of these goods and allow paper money to be purchased."
"Shopkeeper Zhou, you are also an old man who has traveled to the desert many times for business.
Not to mention the Mongolians, even the workers in the woolen textile mills do not accept banknotes."
His immediate boss, County Magistrate Hua, was kidnapped by the majestic Censor some time ago.
Hu Dafu frowned as he listened to his wife's words.
Lu Shuiniu saw the excited eyes of the villagers and pointed to the young people carrying packages next to him.
I chose to do this, of course, to cultivate the habits of the grassland tribes.
"Why haven't you turned your head around yet?
Our store can fully count on sales in the autumn and winter seasons.
Zhao Baoliang knows that banks are now open to the public, and as long as they can provide collateral, they can borrow a large amount of money from the bank.
There are now more than 200 cows in the village, which can be purchased directly with these banknotes.
With a high degree of public acceptance of banknotes, Dahua will be able to survive the money shortage smoothly.
All supplies sold in the countryside can be purchased with banknotes.
When Yang Tengfei saw Shopkeeper Zhou's performance, he was very dissatisfied. This man was hopelessly stupid.
This time is also when every family in the village is most short of money.
He looked anxious and sighed: "The 800,000 boxes of instant noodles in our warehouse are now sold."
If you really can't repay the loan, you will have to obey the court's arrangements and go to the border areas to guard the borders."
The head of Lu Shuiniu Township smiled and explained: "This is a credit loan provided by the imperial court specifically to help farmers.
There are too few people in Mobei and Northeast China, and even the big wool consumers there cannot compare with the sales volume in autumn and winter in the north."
The imperial court prepared to replace silver and copper coins with paper currency.
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Ninety-nine percent of the money lent by banks is banknotes.
Shopkeeper Zhou Botai heard his boss's order and asked puzzledly: "Master, why do we go to all this trouble instead of bartering directly?"
Ming Dynasty banknotes can also maintain their face value for several years.
Lu Shuiniu, the head of Kongmiao Township in Qufu County, Shandong Province, went to the countryside to promote the new policies of the imperial court.
There was news in the newspaper he remembered that taxes could be paid with banknotes.
This time it's not just about farming. If you want to raise some livestock or build a house, you can get a loan from the bank.
Do these Mongolian tribes really need silver coins?
The court's credibility is pretty good now.
As long as the village chief and I prove that you are from this village, you can apply for a loan of no more than one hundred taels.
Shopkeeper Zhou Botai noticed that his boss's tone was a little impatient.
The villagers were dumbfounded and stood up impatiently and asked: "Master Lu, what is going on?
Yang Tengfei looked at Shopkeeper Zhou's performance and kept shaking his head.
After you earn this money, spend it as soon as possible, so that you won't lose it in your hands."
As he expected, the villagers immediately asked him for relevant information.
The loan interest is very low, with the annual interest rate being only 2%.
We want silver coins, and these pieces of paper just want to send us away."
The loan term can be as long as ten years. If you can't pay it off yourself, you can let your son continue to pay it back.
Many businessmen have figured out that they are overkill.
We can borrow a large amount of banknotes from banks through loans.
His wife was the daughter of a declining wealthy family, and she had learned how to run the family since she was a child.
Paper money will maintain currency value stability, at least in the short term.
My nephew went to Nanyang to cultivate irrigated land that could be harvested four times a year, and now he has made a fortune."
For amounts less than 500 taels, the bank will directly exchange them for the people.
Society is changing too fast, and people's hearts are not worth testing. Even brothers who are loyal can easily fall apart for some dirty money.
It's great news that instant noodles can be sold.
When the people heard this answer, they felt relieved.
Take the banknotes and follow Lu Shuiniu to the countryside to buy goods.
Villagers used banknotes to buy cattle, salt, chickens and other commodities.
Their doubts were removed and they believed in the purchasing value of paper money.
