back to ancient times to be emperor

Chapter 66 Newly minted coins (recommended for collection)

It is cumbersome to mint new coins. It is necessary to make a master model in advance, which is used to make sub-models and cannot be used directly.Many sub-fans can be printed with this kind of fan mother, and dozens of sub-fans can be stacked together, and hundreds of silver coins and gold coins can be minted at a time.

The money supervisor affiliated to the household department had to show Lu Chengqi the coins produced in advance, otherwise Lu Chengqi would directly send them back for re-minting on the grounds that they were unqualified.

The new silver and gold coins are all alloys. Silver coins contain about [-]% silver, and the rest are copper and tin; gold coins contain about [-]% gold, and the rest are silver and copper.No matter what kind of metal it is, it is a precious metal at this time, and the money supervisor in the Dashun Dynasty is very stubborn, and the coins minted are sufficient.

The reason why Lu Chengqi wanted them to use alloys was because he was afraid that someone would deliberately scrape the silver or gold powder off the silver or gold coins, and then spend the insufficient money.As a result, the insufficient amount of money has the same purchasing power as the sufficient amount of money, and eventually the value of the sufficient amount of money also decreases.

Furthermore, although silver coins and gold coins are legal tenders, there is no guarantee that silver coins with large mintage will "eliminate" gold coins. After all, silver is cheaper than gold. If too many silver coins are used, the price of gold will rise. Exchange silver coins for gold coins. Earned, at that time people will not use a sufficient amount of gold coins, but use silver coins to store gold coins.This is the principle of "bad money drives out good money".

Lu Chengqi, who understood this truth, did not ask Qian Jian to mint a lot of gold coins, but instead minted a lot of silver coins, which were circulated in the market.The most important method is to distribute military salaries to the army. When officials are paid salaries, those who used to be given consistent money are now given one silver coin.Because the amount of silver is sufficient, they still earn money if they exchange their money for a silver coin.

The result of this is that silver coins are highly sought after. After a lot of silver coins flowed into the market, they stimulated the original circulation of copper coins.This is the principle of reversing the principle of "bad money drives out good money", allowing newly minted silver and gold coins to play the role of good money and allowing copper coins to circulate.Everyone knows that silver coins are more valuable than copper coins, so instead of using silver coins, they are willing to exchange the copper coins stored at home for silver coins.In this way, it is equivalent to using a small amount of silver coins to activate a large number of copper coins.Just imagine, a silver coin with 800% silver content can circulate more than [-] copper coins and eight big coins, which is profitable no matter what, and alleviates the problem of money shortage to a certain extent.

However, metal currency is not a long-term solution. The long-term solution lies in the issuance of credit currency.The advantage of credit currency is that currency is issued according to the amount of money used in the market.It is worth far less than its monetary value, and unlike alt currencies, it is completely decoupled from the precious metal and no longer directly represents any precious metal.Moreover, the credit currency is guaranteed by the national credit, which also alerts those in power behind. If the national credit is not maintained, even the money is worthless, and the country will perish.

Lu Chengqi thought very far, but couldn't realize it for a while.What he has to do now is to establish the bank's credit. Only after the bank's credit is established can credit currency be issued.

The central bank, which is under the Ministry of Households but not under the control of the Ministry of Households, is under the control of the cabinet, the emperor, and the money supervisor. That is to say, without the emperor's permission, they do not even have the power to mint money.Only when the cabinet investigates the market situation and reports to the emperor, and the emperor thinks that money can be minted, can the money supervisor start to mint money.

With a wave of his hand, Lu Chengqi deposited all the pensions of officials managed by the Ministry of Accounts into the newly established Royal Bank. The distribution of official salaries and military salaries was handled by the Royal Bank, managed by the Ministry of Commerce, and recorded.

As a for-profit bank, the Royal Bank will use the money to make money, but the household department cannot.If they do this, it is called using power for personal gain.

As soon as the Royal Bank was established, people who came to exchange silver coins almost broke the door of the bank.In desperation, the Ministry of Commerce sent someone to tell Lu Chengqi about this matter. Lu Chengqi laughed and scolded: "I have a lot of things to do every day, and I still have to deal with the small problem of the bank's money exchange? You go tell the bank to limit the number of exchanges per person, and the daily limit is limited. OK?"

As soon as the limited exchange came out, the price of silver went up, which was also unexpected by Lu Chengqi.But there are also many benefits. The silver coins of the usual money can be exchanged for more copper coins. The exchange rate of private banks is changing every day. In just half a month, the original situation of no money is suddenly resolved.There are very few silver coins in circulation in the market, but copper coins suddenly increased for some reason.The facts proved how correct Lu Chengqi's vision was.It's not that the folks don't have money, it's just that they don't want to spend money.Many copper coins are in the warehouses of rich people, and the hemp ropes connecting the copper coins are rotten, and the copper coins have a colorful patina.With more money, the circulation of goods became more frequent, and even the commercial tax was levied a lot more for a while.There is no way, if rich people want to exchange money, they can only spend it.

At this time, all the officials realized that the little emperor's move was simply super predictive, and he directly solved the money shortage that the previous dynasty had been unable to suppress.

But Lu Chengqi's thoughts are no longer like this now, because someone has troubled him.According to the intelligence personnel of the Supervision Department who penetrated into the interior of the Liao Kingdom, the various tribes in the Liao Kingdom began to mobilize soldiers and horses, as if they were preparing for a big battle.After reading this information, Lu Chengqi felt a "thump" in his heart, and said to himself: "I'm really afraid of something. Does Yelu Hongji have such a strong judgment? My new army has not yet formed an army, and the Hongxiang rifle has only been produced. It's just over 500 bars, so if you play like this, you definitely can't win!"

The intelligence personnel predicted that in half a month, the Khitans would violate the border, and there was not much time left for Lu Chengqi to dispatch troops.Without the slightest hesitation, Lu Chengqi ordered all members of the military staff to go to Zichen Hall to discuss the military situation.

Since its establishment, the Military Staff has not performed its functions, but now, it seems that it is time for it to perform its functions.The military generals of the fourth rank and above who received the summons hurried to the Zichen Palace to wait for orders.

Lu Chengqi asked someone to set up a big table, which was originally used by the emperor when he entertained his ministers, but was embezzled by Lu Chengqi.The generals sat down according to their official positions, and Lu Chengqi immediately told them the military information.These military generals are silent, most of them inherited their father's business, and their official status is the nobles of the Dashun Dynasty.Usually the imperial court confessed these people to show the emperor's favor.But when they want to use it now, they don't actually have any real skills.

There are exceptions to everything.Among these nobles, there are still some real talents.For example, Han Fan, the hereditary Marquis of Weiyuan, is said to be a descendant of Han Xin, and his family tree is no longer available. Lu Chengqi suspected that they recognized their ancestors like the Li family in Tang Dynasty.But I don't deny that Han Fan's opinion is the same as that of Lu Chengqi. He said: "The Khitan cavalry are very sharp in field battles, and I am not as good as the frontier army. We can only defend the city until the Khitan people's food and grass are exhausted. The frontier is in danger. Self-explain."

The rest of the people couldn't come up with a solution, so Lu Chengqi finally asked: "If I send ten thousand imperial troops to the border to help defend against the enemy, which general is suitable for this important task?"

As soon as these words came out, the following fell silent.The Dashun Dynasty punished the defeated generals very severely, ranging from dismissal from office to beheading.These idiots with self-knowledge would definitely not dare to take on this task.

Lu Chengqi sighed slightly in his heart, knowing that they could not be counted on, he gave an order: "Order Wang Shao, the commander of the forbidden army, to lead [-] troops to Youzhou to assist the frontier army in resisting the Khitan invasion."

(End of first volume)

(End of this chapter)