Chapter 395: Major events and

"How to interpret these denominations? Can they connect to the market?"

Zhang Jie continued to ask.

The Great Man said, without investigation, there is no right to speak.

Before officially putting these banknotes into the market, he must carefully deliberate.

Wang Lun obviously had done his homework before coming, and spoke clearly and eloquently:

"Your Majesty, I have discussed with my colleagues, and this one-yuan denomination banknote should be equivalent to the value of one copper coin.

The other denominations of 10, 50, and 100 banknotes follow this analogy."

"Hmm, not bad."

Zhang Jie thought for a while and gave an affirmative answer.

In the previous Great Song and the current Great Gan, the value of one copper coin is approximately equal to one yuan in later generations,

and one copper coin can buy two steamed buns (which is the 21st-century steamed bun),

one fried dough stick, or a bowl of clear soup noodles from a roadside stall.

For ordinary people, when going out to buy firewood, rice, oil, and salt, carrying a few dozen copper coins in their pockets is enough.

Thus, banknotes of this denomination can circulate widely among the people.

After thinking about the problems of anti-piracy and denomination circulation, Zhang Jie began to think about another extremely important matter

—the question of how much paper money to put into the market at one time.

Although theoretically he could put an unlimited amount of paper money into the market,

after all, paper money is just a piece of paper, the cost is low, and the source of raw materials is wide;

and if it really doesn't work, he can also issue large-denomination banknotes, one coin worth a hundred,

a thousand, crazily harvesting the wealth of the people to fill his own wallet;

but unfortunately, this is completely a fantasy. As long as he doesn't want Great Gan to experience an economic crisis,

he cannot print large-denomination, excess paper money without limit and put it into the market.

The only possibility of doing this is to turn their Great Gan's paper money

into the waste paper precious notes used in the late Ming Dynasty that were too hard even for wiping one's butt, or the Gold Yuan Coupons of the late Republic of China.

There is also a joke about the Gold Yuan Coupons of the Republic of China in later generations: It is said that when the War of Resistance entered a stalemate,

the Japanese army made a large number of fake coins, attempting to disturb the economy of the rear area, and Major Yamamoto Kenzo was entrusted to preside over this work.

After the Japanese army seized the minting equipment of the Nationalist Government in Hong Kong, they tinkered with fake banknotes that were hard to distinguish from real ones.

The German submarine discovered the legal tender of the Chinese government entrusted to the United States for printing on an American merchant ship,

and also presented it to the Japanese.

Now Yamamoto was like a tiger with wings, starting to work overtime, and by the end of the war, had accumulated 4 billion yuan of legal tender fake notes.

As a result, man proposes, God disposes; Yamamoto never expected that he would lose to production capacity:

The Nationalist Government built its own mint, because the Nationalist Government was constantly in deficit, it could only start the printing press,

and in less than three years, it issued 180 billion yuan, 180 billion against 4 billion, the advantage is with me.

Because the legal tender of the Republic of China depreciated to the verge of collapse due to the surge in military spending,

the Chiang Kai-shek authorities tried to stabilize the economy through currency reform.

On August 19, 1948, Chiang Kai-shek issued the "Emergency Disposal Order for Finance and Economy,"

and began to issue Gold Yuan Coupons, with an initial issuance limit of 2 billion yuan, and exchanged the legal tender of the Republic of China at a ratio of 1:3 million,

while forcibly exchanging private gold, silver, and foreign currency.

But the reform failed rapidly. After the 2 billion limit was canceled in November 1948, the excessive issuance of Gold Yuan Coupons intensified,

and by June 1949, the issuance amount reached 130.3 trillion yuan, an expansion of 650,000 times compared to the initial limit.

The depreciation speed of the Gold Yuan Coupons far exceeded the legal tender of the Republic of China. In May 1949, 5 million yuan of Gold Yuan Coupons were only equivalent to 1 yuan in September 1948,

and the price of rice in Shanghai reached 440 million yuan per shi, equivalent to more than 130 yuan per grain of rice.

Every commoner at that time was a genuine millionaire.

Unfortunately, these millionaires were still penniless and couldn't even afford to eat.

The little mustache giving a speech in a beer hall raised his right hand 45 degrees: Do you know how much a loaf of bread costs now?

A full 500,000 marks! These money can't even be loaded in a carriage! Jpg~

There is even a meme saying that the fake money printed by the little Japanese is of better quality than the real money, and then it was recognized at a glance...

Zhang Jie can only say that it is not without reason that the bald head played the dignified Hearts of Iron into Island War in the end.

"Zhengdao, how much paper money do you think is appropriate for us to put into the market first?"

Zhang Jie didn't close the door to build a car, but generously consulted Wang Lun, the professional.

"Your Majesty, in my humble opinion, we should first use Bianjing as a pilot, and then push it to all parts of the country..."

Wang Lun spoke eloquently and logically, obviously having done his homework very well.

"Let's do it this way first."

Seeing that the steps Wang Lun said were clear, Zhang Jie made a decision.

Bianjing is at his feet, and any problems can be quickly discovered and handled;

it is also the capital of Great Gan, the center of economy, politics, and culture,

and the literacy rate of the people and their acceptance of new things are among the best in the country.

Once paper money circulates here, it can naturally spread to the whole country.

While Zhang Jie and Wang Lun were discussing the major event of issuing paper money, a minor event was also happening in a restaurant in Bianliang City.

"Drink, drink, Brother Wang, drink!"

"Brother Li, please!"

"Brother Chen..."

Several men wearing long gowns, with fair faces, slender limbs, and elegant temperament,

who looked like they were pampered and had never done physical labor, nor had they experienced wind and sun,

and were obviously scholars, were drinking and pushing cups, having a great time.

"Woo woo~"

In the midst of drinking, a small sobbing sound broke the harmonious atmosphere.

"Brother Chen, what is this?"

The crowd who were drinking couldn't help but turn their eyes to the person who was sobbing.

"Did you encounter any difficulties? Although we are not talented, we have some family background,

Brother Chen, please tell us, we will work together, maybe we can gain something."

There were also people who didn't know if they were sincere gentlemen or just saying scene words because of the atmosphere, asking with concern.

"My matter, none of you can help!"

Where did they know, the Brother Chen who was just sobbing with his head down said decisively.

"Brother Chen, this is too much. Although we are not from any noble family, we can also call ourselves a humble family,

under such circumstances, there is a lot we can do, how can we not help at all?"

This Brother Chen's big words had too wide a range of attack, and someone immediately stood up to refute.

Others nodded in approval: Don't treat bean buns as not food, a humble family is also a family!

The "humble" in humble family is relative to those high families who have produced second or third-rank officials for generations.

Without the prestige of a road, and without a few relatives working in the court, how can you call yourself a humble family?

"Heh, do you think you can speak in front of His Majesty?

Can you make His Majesty open the imperial grace to open the imperial examination?"

The Brother Chen who was secretly mocked sneered, without any cover, and asked bluntly.

This remark was like a heavy hammer, instantly smashing the remaining harmonious atmosphere, and the atmosphere at the scene fell to the freezing point.

Not to mention what qualifications they, who were born in humble families, had to meet His Majesty,

or whether the elders they relied on had the qualifications to say a word in front of His Majesty.

Just saying that they were clearly a group of scholars, but they didn't study, preparing for the imperial examination,

but were drinking and having fun here, letting themselves go, this was a big problem.

It wasn't that they were self-deprecating, but, but Great Gan had been established for a year,

yet, yet it had never opened the imperial examination, and even the provincial examination had been suspended!

Learn literary and martial arts, sell them to the imperial family.

Now that the emperor doesn't use them, why learn these literary and martial arts? ===== CHAPTER 396 =====