Valley Emperor

Paper money is nothing new in China. It was used on a large scale in the Song Dynasty, and it was widely used in the Ming Dynasty.

However, the traditional feudal dynasties believed that their own shortcomings resulted in insufficient banknote credit, especially the Ming Dynasty. In addition to the relatively sufficient banknotes in the early Ming Dynasty, the credit of the banknotes basically became lower and lower in the middle and late stages.

Among the many reasons for the collapse of banknotes, the most important point is that the authorities do not recognize them. When banknotes are not even accepted by the government, basically don't expect the public to recognize the value of banknotes.

The bad and negative effects of paper money over the years have always been a stumbling block to the Bank of China.

For this reason, when the Datang Empire began to implement the paper currency plan in the early years, it adopted the model of saving the country through a curve, that is, the official government did not directly issue paper money, but the banknotes of the Royal Bank should be used instead of paper money.

The main reason is that in the eyes of the people, the government's credit is really bad.

It's not even as good as the traditional bank's silver ticket!

The definition of the bank note of the Royal Bank is actually a traditional bank note model, and its credit is endorsed by the Royal Bank, not by the state.

The bank notes of Royal Bank are not legal paper money recognized by law, but a deposit note issued by Royal Bank alone!

The people of the Royal Bank deposit real money into the Royal Bank, and then they can be divided into various types according to their personal wishes. One is registered savings. This kind of deposit is to open a bank account for you. The money is still in the account. Can be taken out at any time.

In addition, there is another type of anonymous storage. After depositing money in, it does not open an account, but directly exchanges the bearer deposit bills issued by the Royal Bank. With this kind of note, the corresponding amount of real money can be withdrawn from any branch of the Royal Bank.

The bearer deposit notes issued by the Royal Bank are of a unified standard and the denominations are fixed, ranging from a large denomination of one hundred taels, to fifty taels, twelve taels, five taels, one taels, and then five coins and one taels. money.

Then there were small bearer deposit notes with a face value of ten, five, and one cents.

The above-mentioned bearer deposit notes are also collectively referred to as bank notes!

Because it is endorsed by the Royal Bank and can be exchanged for real gold and silver from the Royal Bank at any time, it was accepted by merchants in the early days and gradually used as circulating banknotes, and then gradually extended to daily life.

However, this kind of bank note is not legal currency in the final analysis, it is just a bearer deposit note issued by the Royal Bank.

In order to promote the application of banknotes at that time, the officials of the Datang Empire also stipulated that the bearer deposit notes issued by the Royal Bank can be used to pay taxes.

In fact, there are many kinds of such bills, but they are anonymous silver bills. At present, only the Royal Bank has the power to do so. All other banks are prohibited. However, other banks are allowed to use cheques and cashier's checks. .

A check, needless to say, is a kind of depositor who deposits a certain amount of gold and silver in advance, and then obtains a check book issued by the bank. When the check owner pays, he directly fills in the amount, the payee, and signs and After stamping, the payee takes the check to the bank to withdraw the funds, and the bank transfers the funds from the depositor's account after confirming that it is correct.

This kind of check payment is specially made for merchants. Without a certain strength, it is impossible to enjoy the check service. At the same time, because it is a registered mode, it also ensures the safety of funds and is welcomed by many merchants.

The banker's check can be regarded as a large-amount banker's check that can be used with temporary restrictions. Before using it, the applicant needs to go to the bank to deposit the item, and then obtain the banker's check. Usually, this kind of banker's check has a time limit. If you do not withdraw cash within half a year, then the cashier's check will be voided directly, and the relevant funds will be returned directly to the applicant's account. This kind of cashier's check adopts special features such as pre-deposit, registered, deadline, and unconditional redemption at sight.

Because the banker's check is usually used for large-value commercial transactions, the banker's check with the lowest denomination is one thousand taels of silver, and there is no upper limit. As long as you dare to deposit in advance, the bank will dare to issue you the bank of the corresponding denomination. promissory note.

Small and medium denominations, bank notes that can be circulated and transferred for a long time, plus bank checks, plus cashier's checks, these three forms basically constitute the main commercial payment methods of the current Datang Empire.

Of course, direct bank transfer is also one of the ways.

It can also be seen from this that in fact, the various paper-based valuable bills in the Tang Dynasty have nothing to do with the government. They only have to do with the banks in the Tang Empire. People use silver bills, not because A bank note is legal tender, but because it is a deposit note.

However, this situation cannot continue forever, because the Tang Empire always has to issue legal paper money, and it cannot be replaced by silver bills as it is now.

What's more, the only Royal Bank that can issue bearer deposit notes, that is, the bank notes that are currently in circulation, although it is a wholly-owned bank of the Royal Assets Section, it is still just a commercial bank anyway.

It is naturally extremely inappropriate to hand over the country's currency bank to a commercial bank.

However, Li Xuan also considered that people's trust in the Royal Bank is obviously higher than the trust in the government, so when the new banknote bank is launched, it is impossible for him to directly abandon the Royal Bank.

To this end, under the intervention of Li Xuan, the Ministry of Finance and the Royal Bank conducted relevant discussions, and finally decided on the model of the new banknotes!

First, in order to develop a new currency and to better stabilize domestic finance, the Empire will establish a new financial institution under the Ministry of Finance.

That is, the Central Bank of Datang!

The bank is not a commercial bank of many existing banks in Datang, because the bank does not have any commercial functions. The function of the central bank is to supervise financial institutions, currency banks, financial regulation, etc. It is a serious business. policy agency.

The bank is responsible for the coins and banknotes of Imperial Yuan. At the same time, it has been legally stipulated that no bank except the central bank can issue banknotes and coins.

In order to better carry out the banknote bank business, the central bank takes over all the banknote business of the Royal Bank.

At the same time, in order not to cause any turmoil, it is stipulated that the banknotes and coins of the new bank can be unconditionally exchanged for the bearer deposit notes issued by the Royal Bank before, and the Royal Bank will not issue new bank notes.

At the same time, in order to stabilize the credit regulations of legal banknotes, banknotes can still be exchanged for real money in any bank, instead of being limited to the Royal Bank as before, but can be obtained from all regular banks. Exchange for real money.

Of course, these banks can also take these banknotes to exchange real money directly from the central bank.

However, if major banks want to obtain banknotes, they also need to exchange real money from the central bank.

There are many other detailed policies, but all policies have only one purpose, that is, to stabilize the credit of the new banknotes, and then promote the widespread use of banknotes.

For this reason, the imperial finances are also very cautious. In the printing bank of banknotes, a one-to-one standard is strictly limited, that is, how much gold and silver are received in order to issue how many banknotes.

Because to a certain extent, this new type of paper money is actually a bearer deposit instrument issued by the central bank.

All the previous measures are to protect the credit of the banknotes!

Through the operation of legal paper money and legal coins, a new monetary system of the empire has been completely established, so that the concept of 'yuan' completely replaces the current real gold and silver.

Li Xuan hoped that through a new monetary policy, the current situation of currency chaos would be reversed, and the foundation would be laid for the complete implementation of the gold standard system in the future.

Of course, even if the policy has been formulated, according to the relevant plans of the Ministry of Finance, it will take a long time to prepare, the establishment of the central bank will take time, and it will take time to take over the bank note business of the Royal Bank.

Limited by the current environment, the Ministry of Finance estimates that the new imperial currency will not officially start until next summer, and it will take the least time for the new currency, especially paper money, to truly spread across the country. Also ten years.

This is a long and complicated project, and there is no hurry.

For the huge Tang Empire, the implementation of a major policy requires adequate preparation, experimentation, and transitional periods. Caution is very necessary. Otherwise, large-scale changes will be made as soon as the brain becomes hot. Empires will be broken.

But this is for a huge empire, and for ordinary companies, especially private enterprises, it is much faster to make major decisions.

The 'Dayang Textile Company' was jointly established by a number of traditional textile industry merchants such as Changzhou Suzhou and several gentry families, and cooperated with the Marriage Committee of the Datang Fusang Affairs Yamen~www.wuxiaspot.com~ introduced After the first batch of female Fuso workers worked well, they are preparing to cooperate with the Marriage Committee for the second time, and are preparing to introduce a large number of female Fuso workers to work in the Shanghai headquarters textile factory.

Dayang Textile Co., Ltd. is a medium-scale textile enterprise. Its main business is machine-made fabrics, but its products are mainly sold to Fusang, not domestic!

It's not that they don't want to mix in the domestic market, but because the competition in the domestic market is too fierce, many large textile companies such as Jiangnan Textile Company and Zhili Textile Company have fought fiercely to compete for the domestic market.

As a small business, Dayang Textile Company, because of its limited technical capabilities, the quality of its fabrics is also mediocre, and its cost control is not good.

And the textile company Song Wanzi works for is this Dayang Textile Company!

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