Dahan Pirate Air Force

The total amount of the public debt this time is 200 million, which is not much.

But the annual interest rate is three cents, which is two cents lower than the deposit interest rate.This is unimaginable in modern times. Generally speaking, the interest rate on government bonds must be higher than the interest rate on bank deposits during the same period.

Modern government bonds have higher interest rates than deposits because bank deposits are more common, more stable and less risky.Although the risk of public debt is not much greater, it still brings some risks because the funds cannot be used for a long time.

Therefore, it is common sense that government bond interest rates are slightly higher.

However, at this time, the Shu Han Dynasty was in the turbulent times of the Three Kingdoms, and the country's prestige was not enough. To be honest, it was not as effective as the words of some aristocratic families.

The bank has money and the people recognize it.The country is going to war, and it is very difficult to say whether the public debt will be worth anything if it loses.Therefore, at this time, the interest rate on public bonds is still lower than that on deposits, which is a deceptive rhythm.

Besides, the aristocratic families had a passive attitude towards new things like public bonds, so no one would take an active part in it at the beginning.

This situation fell into the eyes of Zhuge Liang and Liu Ba. Because they knew it well, they were a little bit broken. They simply lowered the interest rate and counted every one of them.

Zhang Bai didn't object, he had already been prepared.He didn't mind the low interest rates on government bonds, so he had already subscribed for half of it himself, which was 100 million, all paid for with hundreds of millions of dollars deposited by the Zhao family.

This is one of the biggest reasons why Liu Ba sold him face.

For Zhang Bai, he is not busy with the rest of the public bond subscription. He will issue it first. As long as there are public bonds on the market, he can start to stir things up.

......

It is said that since the two expeditionary forces in Secret City have converged, the main part of this expedition has been successfully completed.

Zhang Bai once again announced Ma Ge's appointment as prefect. Although he had announced it last time, Mi City didn't even have a city wall at that time. There were only three or four kittens in the city, and the announcement was also made in vain.

This time, Brother Ma officially took office.

Zhang Bai also obtained a military rank for Azar from Zhuge Liang and became General Fu Rong.Zhuge Liang also gave him a Han Chinese name, named Ning. He originally wanted to give him the surname Zhuge, but in the end, Liu Chan came out halfway.

Liu Chan knew about Azar's long expedition to Mi City and defection to Shu.

This is also necessary. Zhuge Liang is preparing for the southern expedition, and Azar is the commander of the cavalry. It is impossible not to disclose this matter to the rear master, otherwise it will become a hidden private soldier.

Liu Chan was very happy when he heard that a foreigner led his troops to surrender to the Han Dynasty. He took advantage of the opportunity and rewarded Azar with a military position. He was made a lieutenant of Micheng County and given the surname Liu.

So, inadvertently, Azar inexplicably became a member of the royal family, and his name was Liu Ning from then on.

This incident made Azar very happy.He was originally a young cavalry commander of the Kushan Empire. If it hadn't been for the coup in Peshawar, he would have been very successful now.

After a cross-continental expedition, this young man in his 20s, who grew up in the military, became even more dependent on the military.

He was quite desperate about politics and felt that he was not good at politics and was more suitable for the army.This is his home and where he belongs.

But now, the successive rewards and appointments from the Han Dynasty made him excited again. It wasn't that he had any serious ambitions, but he just felt accepted again.

The military man who was once decisive in killing now tidied up his appearance, put on his official uniform, and made a glorious appearance.

Liu Ning was given the surname Liu Chan, the name was given by Kong Ming, and General Firong led the commander of Micheng County.Zhang Bai gave another word, called Yiwu.

In this way, Mi City was completely stabilized, and the internal affairs were handed over to Governor Magoma, and the military affairs were handed over to General Liu Ning Liu.

Zhang Bai finally no longer has to work as a porter every day, and five transport spaceships and a warship are almost arriving in Chengdu.What he should really be busy with now is buying silk and silk fabrics.

At this time in the Shu Kingdom, due to the successive depreciation of hundreds of dollars and five baht dollars, officials and people encountered large transactions, and many of them used silk, which almost became a real hard currency.

Any family that has some savings will have a lot of silk in reserve in case of urgent needs.

When Zhang Bai returned to the bank, he learned from Qian Hehuan that the Zhao family had used hundreds of millions of dollars to make large deposits, and he also understood that this was a strategy of the Zhao family.

Anyway, if the currency depreciates, if you deposit it in a bank, you can earn interest, which has a certain value-preserving effect.

Moreover, Liu Bei had forcibly issued such a large amount of money in the first place. Those who suffered the greatest financial losses were the local noble families, especially the Zhao family, the richest man in Chengdu.

This is also one of the important reasons why the local nobles hate Shu.

At the same time, this is also a test question that the Zhao family gave to the Shu Kingdom. How to use such a large amount of money in the future is a big problem.If it is not used properly, not to mention the bank losing money, the whole country will have problems.

However, Zhang Bai was not nervous.

His answer is simple, use direct money to buy silk and silk brocade, as much as you want, even if it causes the price of silk to rise.

Qian Hehuan was so surprised that his legs trembled. The Zhao family's deposit was worth [-] yuan worth tens of millions. If the Zhao family suddenly withdraws money, how will it be paid?

Moreover, if these [-] yuan were suddenly put into the market to buy silk, the effect would be that the government would issue additional coins, and the market would definitely fluctuate violently.

Zhang Bai ignored shopkeeper Qian's concerns and ordered without explanation: "Buy!"

On that day, a wealthy family who came from nowhere spent hundreds of millions of dollars to buy silk and brocade like crazy, even if the price increased, they bought it at a high price.

The silks, satins and silks in Chengdu were suddenly wiped out, and all the silk merchants were happy with their business.

When the market opened the next day, the price of silk had already increased, but the big customers were still there. Many silk merchants sold their stocks completely.It was not until the third day that the rush to buy gradually subsided.

The price of silk fabrics in Chengdu soared, which shocked the whole country of Shu.

After the price of silk increased, a large amount of money entered the private sector. The market was extremely prosperous for a while, and business in restaurants, theaters, and teahouses picked up.

However, the prices of all commodities are slowly rising inadvertently.

Especially those silk merchants. They sold out their inventory and had hundreds of dollars in their hands. How to use it was a question.

On the one hand, they all rushed to get money to replenish the goods, but found that even if the silk production was fast, it would still take a while. During this period, they had nothing to spend their money on.

On the other hand, too much money suddenly came in, and Jinguan City, which produced silk, began to panic, so they had to use the money to buy raw materials and pay wages.At the same time, silk merchants were asked to pay their bills with gold and silver as much as possible.

But the silk merchants didn't have so much gold and silver, so they had no choice but to pay high prices for gold and silver.

At this moment, many street runners suddenly appeared in various places in the city. These people carried name cards with the name of the Central Bank printed on them.

The name was written in the Prime Minister's handwriting and was made of silver powder, making it look very luxurious.

They contacted silk merchants everywhere and persuaded them to deposit their unused money in the bank. The bank allowed them to withdraw and use it as they wanted, and gave them an interest of two percent per month.

The only condition is that there must be some gold and silver deposits, even if it is not much, it does not matter. These deposits are repaid once a year.

If merchants are in urgent need of gold and silver, banks can also sell silver coins, but the price will definitely be slightly higher than the market price.

The Central Bank had a good reputation, and the silk merchants had long heard of it. Moreover, the bank's business was what they urgently needed, so the two parties hit it off.

A large amount of the silk merchant's surplus money flowed back to Zhang Bai's hands.

The number of direct sales on the market has suddenly decreased.Suddenly, the brief period of excessive prosperity disappears silently, and everything returns to normal.

In short, a large amount of silk ended up in Zhang Bai's hands. Most of the [-] yuan that once belonged to the Zhao family returned to the bank, part of it bought public bonds, and the other part was deposited throughout Chengdu, especially Jinguan City.