met free Page 1729
Page 1729
"But we have to increase the cost of transporting money."
Zhao Yuan smiled and said, "Then the issuing prefecture will be specified on the banknote."
"The state government can process the payment in full,"
"There are some fees for crossing state lines,"
"You guys should look into the handling fees."
Ren Jinnu thought for a moment,
How do we make money from this business?
"Should we lend out the money they use to buy banknotes, just like the money they deposit, to earn interest?"
Zhao Yuan nodded and said, "That works too."
"However, you should keep thirty percent of the money for buying banknotes,"
"To prevent merchants from cashing out large sums of money."
"A businessman preparing to cash out a large sum of money in another location,"
"You need to make an appointment in advance,"
"Give us time to raise the cash,"
"Otherwise, we can delay the payment."
Ren Jinnu said, "King Liang's goal is to get the people to accept banknotes."
"And then no one cashed the silver notes anymore."
Zhao Yuan nodded and said, "Smart."
"As long as the reputation of my Royal Bank is not in question,"
"People gradually accepted the silver notes,"
"So there won't be any back-and-forth exchanges."
"At that time, people wouldn't have to carry so many copper coins around and transfer them back and forth."
When the draft banks were first established,
Zhao Yuan then considered issuing silver notes that could be directly circulated.
It was just the initial setup of the bank.
If you directly produce silver notes,
It is also difficult for people to accept.
It could also raise suspicions that it has negatively impacted the overall operation of the money exchange.
So they simply opened only deposit and loan services.
His reputation is now at its zenith.
The reputation of the Royal Bank also rose accordingly.
Issuing banknotes was then a natural progression.
The imperial court has begun researching the minting of new coins.
They planned to replace the Song Dynasty's copper and iron coins with substantial copper, silver, and gold coins.
The suggestion of using silver and gold coins came from Zhao Yuan.
Zhao Yuan originally suggested directly minting copper coins of various denominations.
However, they did not receive support from Wen Huanzhang and others.
People in this era are full of contradictions.
They can accept Jiaozi.
However, they cannot accept the "ten coins".
"Dang Shi Qian" is simply a copper coin that is worth ten times its face value.
But Jiaozi was just a piece of paper.
They were willing to accept paper.
However, they were unwilling to accept large sums of copper coins.
During Cai Jing's rule, "ten-cash coins" were minted.
This has caused widespread public discontent.
Finally, it was changed to "worth three coins".
Minting these high-denomination coins,
For people of this era,
This means that the imperial court was defrauding the people of their money.
Moreover, it would encourage the rampant private minting of copper coins.
The end result was soaring prices.
A person who originally had one coin now has ten coins.
When ten coins can buy something that still costs one coin.
This can be seen as a direct protest by the people against the ten-cash coin.
If the copper coin is of substantial weight
Bronze artifacts of equal weight are generally more expensive than bronze coins.
Some people even minted copper coins into bronze artifacts for profit.
Only substantial copper coins,
Only then could the people willingly exchange their Song Dynasty copper coins.
Moreover, there will be no privately minted copper coins disrupting the market.
The copper coins that Daliang planned to mint were only worth one coin.
Each silver coin weighs one tael.
It can be exchanged for one thousand coins;
Each gold coin weighs one tael.
Exchange for ten silver coins.
One string of cash in Daliang was one thousand coins.
Instead of the seven hundred coins of the Song Dynasty.
However, the world is now extravagant.
Many people love to use gold and silver utensils.
Gold and silver coins could be cast into vessels.
Reduce the amount of gold and silver coins in circulation.
However, domestic gold and silver production is insufficient for large-scale minting.
To ensure the circulation of large amounts of currency.
Therefore, Zhao Yuan decided to continue promoting silver notes.
Even if a large amount of gold and silver is acquired from abroad in the future,
To ensure a sufficient supply of gold and silver coins,
Silver notes still have some value.
At that time, bank drafts could be used exclusively for large payments.
Although one gold coin can be exchanged for ten strings of cash.
However, in commercially developed areas,
Transactions involving thousands or tens of thousands of strings of cash were not uncommon.
Silver notes still have a significant advantage over hundreds of gold coins.
Chapter 1759 Paper Money and Silver Notes
The two went down to the second floor.
Then they saw Wang Jing sitting in the main room.
Wang Jing saw Zhao Yuan and Ren Jinnu.
He hurriedly stood up to greet them.
"Having exchanged greetings," Zhao Yuan said with a smile.
How is the income of the mirror shop?
Wang Jing replied respectfully, "More than thirty-five thousand strings of cash."
"I calculated it when I picked up the goods,"
"I didn't expect it to sell out in just half a day."
Ren Jinnu clicked his tongue in astonishment: "More than 35,000 strings of cash?"
"It's more than the daily income of a money exchange."
Wang Jing also knew that Ren Jinnu was the concubine of the King of Liang, and said respectfully,
"It's just a name invented by the King of Liang,"
"This attracted all the people in the city."
"Many people came carrying money bags,"
"But they could only carry the money bag back home."
"If the glass bureau could provide more silver mirrors,"
"We're not worried about not being able to sell them."
Although Zhao Yuan also transferred the Glass Bureau to the Ministry of Revenue.
However, the main task of the Glass Bureau now is...
They still supplied lenses to the Ministry of War.
Master craftsmen who can make lenses are all making lenses.
Only craftsmen who can't make lenses can make silver mirrors.
This also limited the production of silver mirrors.
Zhao Yuan understood Wang Jing's meaning and shook his head.
"The progress of lens manufacturing cannot be slowed down,"
"All soldiers and troops nationwide must be equipped with binoculars,"
"From now on, each team of ten will be equipped with a pair of binoculars."
"Making silver mirrors is much easier,"
"Many artisans can make it after learning it a little,"
“You can coordinate with the Glass Bureau to increase the number of artisans.”
The artisans who make glass have all been assigned to the glass bureau.
Glass was rarely made in ordinary households.
To expand production scale,
We can only call upon other craftsmen.