Emperor Liu Hong

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When it comes to China's currency system, Liu Hong is quite speechless.The coins of all dynasties, except for the lowest ones, which are equivalent to steel coins, are the highest-grade banknotes.Middle-grade coins almost never appeared in Huaxia's history.

And because the managers of the imperial court did not understand finance, they issued banknotes indiscriminately, which led to the low reputation of banknotes, and thus withdrew from history.And the official coins of the entire China are almost based on making money one by one.

This is not acceptable, it affects the development of business too much, and it must be changed.

Liu Hong also wanted to print banknotes directly in one step, but Liu Hong also knew that speed was not enough.Historically, the Song and Ming dynasties printed banknotes, but what happened?None of the banknotes survived.

The reason for this result is the excessive issuance, which leads to the loss of paper currency credit.Paper currency itself is a credit currency. If credit is gone, it is a piece of waste paper, and it is inevitable to withdraw from history.

Liu Hong has never studied finance, so he cannot solve this problem with financial theories.However, Liu Hong couldn't help it. Although there was no clever way, he knew of a stupid way, and he should still be able to solve this problem.

Liu Hong intends to improve the currency system first and issue three currencies of gold, silver and copper.After people get used to it, paper money will be printed in units of the gold content of the gold coin.In this way, as much gold as the empire owns, it can print as many banknotes, and it can be counted whether or not banknotes are being issued indiscriminately.As long as a standard is established, the issuance of banknotes cannot exceed this standard in any case, so that the credit of banknotes can be ensured and banknotes will not become waste paper.

It is not an easy task to change the currency system. Many kings of the Han Dynasty reformed the currency system, but they failed.

The most famous one here is Emperor Wu of the Han Dynasty.He reformed the currency system and adopted new "platinum" and "pit coins".Platinum coins are divided into three grades: round dragon coins worth [-] renminbi, square ringgit coins worth [-] renminbi, and oval tortoise coins worth [-] renminbi.

The so-called platinum is actually an alloy of silver and tin.There is less silver and more tin, and the price is so high, it will naturally depreciate.Coupled with the high price of silver and the low price of tin, thousands of people began to cast it privately. As a result, platinum was abolished after only one or two years.

But in any case, platinum is the earliest silver coin in China, and it is also the first time that graphics have appeared on the coin surface.Prior to this, only characters were cast on the coins without pictures, which was completely different from the coins of the Greek system.It may be that during the time of Emperor Wu of the Han Dynasty, China had already had trade relations with ancient Rome, India and other countries. The platinum casting figure should be influenced by foreign currency systems, so it is very commemorative.

The raw material of the leather coin is the skin of the white deer raised in the Royal Shanglin Garden, one foot long and one foot wide, with colored drawings on it.A small piece of deerskin with a picture on it cost 40 yuan, which was impossible at the time.However, it can be said that it is the earliest attempt of Chinese banknotes because of the huge difference between its currency material and the value of the currency face.

Emperor Wu of the Han Dynasty soon discovered the disadvantages of platinum and leather coins.So a few months after the issuance of platinum and leather coins, "five baht coins" began to be minted again.

In the history of Chinese currency, Wang Mang's currency system is the most varied and bizarre.However, it has contributed to a great improvement in the level of coin casting technology.

The gold-stitching technique of Jin Cuo Dao is perfect, and the word "Yi Dao" emits the brilliance of mercury. Later generations collect it as a precious handicraft.Zhang Heng of the Eastern Han Dynasty wrote in "Poetry of Four Sorrows": "The beauty gave me a golden wrong knife, why should I repay Ying Qiongyao.

Wang Mang's main purpose of casting new money was to use it to buy gold.In the Western Han Dynasty, gold was used as an international currency in foreign trade, and a certain amount of it flowed out. Coupled with other reasons, gold was extremely rare.

Wang Mang forbade the princes below to take gold, and the gold in the hands of the common people had to be sold to the government, and some of them were simply confiscated.The square hole and round coins he issued, Daquan, are worth fifty baht coins each, Koizumi is worth five baht coins each, and the key-shaped knives are worth five hundred each. The two characters were inlaid with a little gold, and they were actually five thousand five baht coins.In the eighth year of AD, Wang Mang replaced the Liu family as emperor, so he abolished the knife money and the five baht money together, and used them exclusively for the big and small springs.

Liu Xiu, Emperor Guangwu, established the Eastern Han Dynasty.At the beginning, he used the coins from Wang Mang's time, and also minted new coins.But later, in the No. 16 year when he was emperor, he recast five baht coins.These examples all illustrate that the reform of the currency system is definitely not easy to succeed.

But no matter how difficult it is, Liu Hong has to reform the currency system.After all, the value of five baht coins is too small, and it is too inconvenient to use, which has seriously restricted the development of commerce.Especially now that Liu Hong has separated the royal family's property from the treasury, he can use business to make money openly, and things that affect business are blocking his way of making money, which he absolutely cannot tolerate.

To change the currency system, you need a reason, and it has to be a reason that can convince those old and stubborn.After all, in China, it is quite difficult to change traditions for no reason.Especially in the eyes of those old and stubborn, it is absolutely tantamount to treason.

"My dear friends, I wonder if you feel inconvenient when you go shopping?"

Hearing Liu Hong's question, these ministers were a little confused, "What does the little emperor mean? He was talking about dividing property just now, why did he go shopping all of a sudden?"

Liu Hong knew that the ministers didn't understand, so he said again: "Didn't you feel inconvenient when you were shopping? Yesterday I asked about the prices, and the things that are a little fancy are at least worth a big bag of copper coins, which are a little expensive The important thing, if you want to buy something, you have to use a big cart to pull money. I thought that yesterday I got a lot of money by raiding my house. , but in fact, I can't buy many things. So I'm very surprised that you have to use a big cart to pull money every now and then, don't you feel inconvenient?"

Liu Hong asked these ministers this question, which is purely blind.Of these ministers, which family doesn't have a group of servants, and can these elders do it when they buy things?Ministers who have never bought anything, how do they know whether it is convenient to buy things under the current currency system.

Looking at the bewildered ministers, Liu Hong also knew that he had asked the wrong person.If these ministers buy things by themselves all day long, no matter how difficult the currency system is, it should have been changed long ago, so he still needs to propose it.

Originally, Liu Hong wanted them to come up with ideas on how to improve the coins to make them more conducive to circulation.But now, Liu Hong directly gave up this plan.

Let those who eat special meals manage food safety, let the police clear the way to manage traffic congestion, let law enforcement agencies supervise legal safety, and let their children study abroad for management education. These are the professional skills of future generations of leaders. Liu Hong does not have such skills. Even if you want to learn it, you can't learn it.And now he feels that the failure of Emperor Wu of the Han Dynasty to reform the currency system should also be due to the lack of professional skills for future generations of leaders.Otherwise, the reform of the currency system would have been completed long ago, and he would not need to worry about it here.

After summing up the lessons of Emperor Wu's reforms and some successful experiences of later generations, Liu Hong came to a conclusion.First of all, the value of the currency cannot be too different from the actual value, no matter whether it is too high or too low. If the value of the currency is too high, someone will mint private coins, which will eventually disrupt the entire currency market.If the currency value is too low, the imperial court will suffer losses, so the currency system must set a reasonable price.

Of course, it is absolutely impossible to make the currency value completely reasonable, so preventing the minting of private currency is an important issue.As long as these two problems are solved, the reform of coins will be almost successful.

Considering the prices at that time, Liu Hong directly determined the currency system. Ordinary five-baht coins were still in circulation, and copper coins were minted, one worth ten five-baht coins.There are two types of remade silver coins, big and small, one big silver coin is worth [-] baht, and one small silver coin is worth five hundred and five baht.Finally, gold coins were minted, one worth ten large silver coins.

In order to prohibit making private money, Liu Hong took out the system of the Ming Dynasty.Since even sitting doesn't work, let's use rewards. As long as you report the person who made private money, after verification, he will give you half of his family property.

The reform of coins is not a big deal in the eyes of these ministers.After all, the new King's Landing Dynasty was about to issue new coins. It is not impossible for Liu Hong to change it. After all, there are precedents to be found.Moreover, this amendment is indeed convenient, so the ministers did not object and agreed with Liu Hong's proposal.