i have a super island

Chapter 796 Minting coins
People in the two financial industries hit it off ideologically.

When Equation and Li Qingman faced this problem, the first thing they thought of was currency.

It is true that at present, Wan Guo City has entered the earliest budding state of commodities. At this time, everyone is excited to bring their own things to the market for exchange. What is lacking is ordinary equivalents.

If Wan Guocheng did not come to issue this currency, then sooner or later these natives would find something that could be used as currency.

This is the origin of bone coins and shell coins that originated in the early history of human society.

Instead of letting these natives tinker with all kinds of "primitive currencies", it might as well be minted and issued by Wan Guo City.

It is not easy to mint coins.

Money is not gold by nature, but gold is money by nature.

The easiest way is to mint gold coins, because gold coins have their own value, so they are the most suitable for this general equivalent.

But the problem is that the main island of Wanguo City and the surrounding archipelago do not have any gold deposits, not even silver mines, so the most important resource for coin minting is lacking.

Without the support of the "gold standard", the currency issued is a piece of waste paper.

Fang Fang dragged his forehead, smacked his lips and said, "We don't have any silver or gold reserves in our hands. It is really troublesome to issue currency."

It doesn't mean that there is no gold and silver on the island at all. There are gold and silver coins in the box that was obtained from the sunken merchant ship before, but that amount is far from the volume of currency issued.

"In fact, we can change our thinking. The value system of modern currency has been stripped from the gold standard and has entered the era of national credit. The value of currency is endorsed by national credit." Li Qingman did not have a headache like the equation, but proposed another a pattern.

Equation understood Li Qingman's thoughts. She wanted to issue currency by issuing banknotes, and the newly issued currency was endorsed by Wanguocheng.

To put it simply and popularly, let’s take a piece of paper as an example. If Wan Guocheng says it is one dollar, then it is one dollar. Everyone in Wan Guocheng and the surrounding archipelago recognizes it as one dollar. A piece of paper has really become paper, no matter when and where he takes out this piece of paper, he can buy something for one yuan.

Of course, such an approach is not impossible, but the premise is that you have to have a fairly strong national government.

If your country is in war and turmoil all day long, and everyone has no confidence in your government, then this piece of paper is worthless.

The most typical example is the Zimbabwe currency. A banknote with a face value of several billion is worthless even if it is filled with zeros, because the Zimbabwe currency is neither backed by gold nor endorsed by the government.

"It's not impossible to do this, but the premise is that we have to let everyone have confidence in us." Equation said.

Li Qingman showed a very confident expression, and smiled at Fang Fang, "You must be able to do it, right."

The equation was raised by Li Qingman, how can I say that I can't do it, I immediately agreed, "Of course, the name of Wan Guocheng will definitely resound in this world."

After an all-night discussion between the husband and wife, the plan to issue currency was finally decided.

According to the plan, Wanguo City will soon issue its own copper coins.

The requirements for printing banknotes are too high, so the City of Nations does not consider it at present. In comparison, casting copper coins is still the easiest.

At present, Wan Guo City has a stable output of copper mines and a set of mature copper smelting technology, and the natives of the surrounding islands have not mastered this technology, so they cannot independently mint copper coins.

The plan has been set, and the next step is to implement it.

The first thing that needs to be done is to design the shape of copper coins, how big and thick, and what patterns are printed on them, these are all essential.

Of course, these matters must be handed over to Wei Lin.

Li Qingman also participated in the process of designing the copper coin. He and Wei Lin stayed in the design institute almost every day. The two racked their brains and tried hundreds of designs in order to design the first copper coin of Wan Guocheng.

After seven days of repeated changes, I finally got a satisfactory result.

The copper coin designed by the two has a shield on the front of the Wan Guocheng flag and a sisal plant on the back.

At the weekly routine meeting of all civil affairs officials, Li Qingman publicly announced the news that Wanguocheng was about to mint and issue its own currency, and came up with a copper coin design plan.

Hearing that Wan Guocheng was about to issue its own currency, everyone applauded and celebrated, and they even rushed to circulate the blueprint of the copper coin among themselves.

"Okay, it turns out that you have been silent these days because such a big news is brewing!" Lu Fengmei couldn't help but said.

"That means we will have our own money in the future?" Tang Guo's face was full of excitement.

Li Qingman nodded slowly, and said: "It is only in the planning stage at present, and the implementation of copper coins may take some time."

Lu Fengmei joked: "I just said that I always feel that something is missing recently. Now I understand that I am short of money."

Fang Fang said: "Old Lu, don't just joke around, the task of minting coins will be entrusted to you."

Lu Fengmei patted her chest and assured her: "Leave this matter to me and you can rest assured. You can make as much as you want, absolutely no more and no less."

"I discussed with Qingman, and combined with the current trade situation on the island, we decided to issue [-] copper coins for the time being."

"Ten thousand pieces, no problem!"

"Thank you for your hard work." Li Qingman thanked Lu Fengmei.

Lu Fengmei's expression was raised, and she said triumphantly: "Why is it so hard? There is no such thing as making money. This is the first time in my life to make money."

After the routine meeting was over, Lu Fengmei received a new task, which was to mint the first batch of copper coins for Wan Guo City.

To be honest, Lu Fengmei was very excited when she received this task. Being able to mint the first batch of copper coins for Wan Guocheng would be a famous name in history. As long as Wan Guocheng exists, the copper coins he minted will continue to circulate.

After returning to the smelter, the first thing Lu Fengmei did was to reverse the mold and make molds according to the copper coins on the design drawing.

He was not very handy, so he handed over the matter to several old workers who knew how to make abrasive tools, and asked them to each make a copy in order to choose the best one.

From making the mold to finishing the mold, it took less than a day in total.

After seeing the first copper coin produced, Lu Fengmei showed an uncontrollable smile on her face, and dedicated this extraordinary copper coin to Fang Fang and Li Qingman.

Holding the heavy copper coin in his hand, the equation and Li Qingman's joyful mood were written on his face.

Lu Fengmei said: "This copper coin is just as a souvenir, please treasure it."

(End of this chapter)