The circulation of Daming treasure banknotes is officially compulsory, but the implementation is not smooth, and it is difficult to circulate among the people.
The Daming Treasure banknote is made of mulberry paper as the printing material, and is about 36 centimeters long and 22 centimeters wide, making it the largest banknote in history.
The reason why the Daming Dynasty introduced this paper money was not for the convenience of the circulation of silver and two, but mainly because of the lack of copper mines.
In fact, at the beginning, the currency used by the Daming Dynasty was still copper money, but if no new copper ore could be found, new copper money could not be minted, and the market circulation was not enough.
Therefore, the official currency was issued, and the denominations ranged from 500 texts, 400 texts, 300 texts, 200 texts, and 100 texts.
It is always equal to 1,000 wen for copper coins, or one or two pieces of silver.
Four is equal to one or two gold.
Small transactions, still using copper money.
Zhu Yuanzhang thought ideally, believing that as long as the standards are set well and the harsh criminal law is used to restrain the people to enforce them, the people will gradually accept it.
He explicitly forbade that the people could not trade in money, could not barter, and could only use this kind of Daming treasure banknotes.
However, the issuance of paper money must be linked to gold and silver, and it must be based on this in order to achieve free convertibility.
The treasure banknotes of the Daming Dynasty are fundamentally different from the banknotes of the Yuan Dynasty of the Song Dynasty, and it does not have gold and silver linked to it!
This means that the Daming treasure banknote has actually become a tool for the government to extract the wealth of the people!
For example, if a person takes one or two pieces of silver and goes to exchange for Daming treasure banknotes, he can exchange it according to the proportion set by the official, but if he wants to use paper money to exchange it for silver, the official is not allowed!
At the beginning of the Ming Dynasty, the war was not completely over. War costs money, spending money to print Daming treasure banknotes, and the unlimited issuance of paper money leads to only one consequence, that is, inflation!
During Zhu Yuanzhang’s reign of 30 years alone, the Daming treasure banknotes were depreciated to one-tenth of their original value!
In other words, the original dollar is only worth 100 wen!
The common people took one or two pieces of silver and exchanged it for a piece of paper, and 30 years later, this paper was only worth 100 wen, which directly hit the people’s confidence in the Daming treasure banknote.
Therefore, the people are very disgusted with the Daming treasure banknotes, whether they are ordinary people, landlords, merchants, and officials.
Now, the Daming treasure banknote has shrunk a lot, and the moisture of these 200,000 Daming treasure banknotes is too great!
Moreover, even if the Seventh Prince gets these 200,000 Ming treasure bills, it is very difficult to spend them.
Because most businessmen are very disgusted with the transaction of Daming treasure banknotes, real money and silver are exchanged for this piece of paper, and it is difficult to change it back.
Merchants prefer private underground money houses, and the flying money circulates.
This kind of flying money can be exchanged for real silver.
The current money house is still constrained and suppressed.
But because of the huge market, smart businessmen still built underground money houses.
It often comes in the form of ordinary shops, but it can be exchanged between currency and gold and silver.
This kind of credit far exceeds that of the government and is deeply loved by the common people, businessmen and even officials.
Even if it was Zhu Rong, the large pile of flying money that he handed over to Jiangyin Hou was also exchanged from the underground money house.
In daily procurement, various use scenarios, it is very convenient, but it is the official issued Daming treasure banknotes, which are not easy to spend.
But if you want to say that the household department did not carry out Zhu Yuanzhang’s will, it is also wrong, is the Daming treasure banknote not money?
This is the only currency officially recognized, who dares to say a word, even if it is the seventh prince, he can only eat huanglian dumbly, and swallow bitterly in his stomach!
Jiangyin Hou received 200,000 Daming treasure bills, and his face turned green!
“Too much deception! Too much deception! ”
The 10,000 taels of silver that Zhu Yuanzhang gave before, although it was also a Daming treasure banknote, but it was given a lot, and in conversion, it can indeed be used as 10,000 taels of silver.
But the household department, but played this kind of trick, only gave 200,000 two large Ming treasure bills, isn’t this bullying?
In addition, the news that His Royal Highness King Qi and the little daughter of the Wu family had completely failed in the capital made the old man feel angry about leaving.
So, the old man brandished a big knife and faced the big tree in the manor, frantically chopping and chopping.
Zhu Rong shook his head straight.
This father-in-law of his own is too angry.
But he now had no time to comfort his father-in-law, because he had bigger troubles to deal with.
The imperial court demanded that all potatoes be destroyed and that it was strictly forbidden to sow potatoes again, completely disrupting his plans.
Tiehyun has ordered all states and counties to immediately destroy potatoes in people’s homes, and at the same time, dig up potatoes that are being harvested in the field and destroy them.
This is killing the common people!
The whole of Qidi, although it did not encounter a major drought and natural disaster like the land of the Three Jins, it encountered a man-made disaster.
The people of Qilu are wailing.
Zhu Rong collected 200,000 Daming treasure bills and gave his father-in-law tens of thousands of flying money that had just arrived, so that he could first busy with the affairs of the royal palace, while he asked the caravan to use the 200,000 Daming treasure banknotes to secretly buy the remaining potatoes from the landlords and peasants’ homes.
How much can be bought, how much counts!
PS: Thank you Yanzu for the flowers, reviews, tickets ^_^
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