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Chapter 508 Issuing Paper Currencies

But now, who dares to tell the emperor about this?

Concubine Yang Shu was embarrassed to say that Ying Er’s temperament was destined not to say. And the ministers below were even less afraid to say.

Just when Ying Er was in a daze, Zhao Dongting turned around and asked, "Yinger, what's wrong with you?"

He felt Ying Er's simple hand stop, and when he turned around and saw Ying Er's expression, he knew that Ying Er had something in his heart.

Ying Er bit her red lips lightly, after hesitation for several years, but finally said: "Ying Er is just worried about Sister Lewu."

She still didn't dare to say what she was in her heart, just thought, wait a little longer, maybe she would get pregnant one day.

Zhao Dongting shook his head, "Oh, this girl is really insignificant. She hasn't come back for such a long time."

After saying that, he buried his head in writing again.

It was not until evening that Zhao Dongting stood up and walked out of the bedroom with Ying Er.

The paper in his hand was already full of dense words. At this point, Zhao Dongting's economic reform policy in the Song Dynasty was considered a prototype.

As soon as he arrived in the yard, he ordered the guards to invite Lu Xiufu, Chen Wenlong, Chen Jianghan and other important officials from the State Council and the Ministry of Finance.

Although the Southern Song Dynasty is now in a state of disrepair, economic reform cannot be taken lightly. If it is reformed well, the Southern Song Dynasty may get rid of the predicament and usher in economic takeoff. If it is not reformed well, it will add insult to injury and completely collapse the economic situation of the Southern Song Dynasty.

While waiting for Lu Xiufu and others to come, Zhao Dongting was still carefully checking his policies.

There is a new order on the paper, which makes him extremely cautious.

Cancel the gold and silver transactions and issue paper money.

There was Jiaozi in the Northern Song Dynasty, but later due to excessive issuance, Jiaozi was flooded and no longer valuable.

By the fall of the Northern Song Dynasty, emperors of various dynasties were unable to reverse this situation. They only allowed gold and silver to return to the economic stage, and Jiaozi gradually disappeared.

Now, with the decline of the Southern Song Dynasty, Jiaozi has almost completely disappeared and can no longer be used for transactions.

However, the Yuan Dynasty officially issued the "Zhongtong Jiaobao Cash..." and "Zhongtong Yuanbao Cash..." twenty years ago, and it was running well, which made the economic situation of the Yuan Dynasty many times better than that of the Song Dynasty. When Zhao Dongting was in the bamboo forest, he hurriedly discussed with Lu Xiufu and others. At first, he did not think of the banknotes, but he suddenly thought of this until he returned to the palace.

If the paper money is issued well, this may be the best way to change the economy of the Song Dynasty in a short period of time.

The money was issued by the court. How much money is distributed and how much it saves is not the court’s final decision?

As long as the people are allowed to recognize this kind of banknote, will the court have money?

And if you have money, it’s easy to do things.

Less than two quarters of an hour passed, Lu Xiufu, Chen Jianghan and others arrived together and knelt down at the gate of the courtyard: "I will kowtow to the emperor."

Zhao Dongting waved his hands and said, "Please get up, come here quickly."

Lu Xiufu and others walked up to him, their eyes looking at the paper on the stone table, and their faces changed slightly.

Because the first four words on the paper are "issuing banknotes..."

As important officials, they all knew how much impact this incident would have on the Song Dynasty.

Before Zhao Dongting could speak, Lu Xiufu couldn't help asking: "The emperor is interested in issuing Jiaozi again?"

Zhao Dongting asked them to sit down and chuckled softly: "What are your opinions on this move?"

Even if there were ministers who could shock the Song Dynasty by stomping their feet, no one dared to speak easily.

Everyone looked at the piece of paper on the stone table carefully.

And the more I looked, my face became more and more surprised.

They originally thought that Zhao Dongting just planned to reissue Jiaozi, but the result was not.

The newly issued banknotes Zhao Dongting wanted to be called "Huaxia Coin...", and it also stated on the paper that in the future, any coins such as gold, silver, copper coins and Jiaozi will be prohibited from circulating as money in the Song Dynasty. Huaxia Bank provides gold, silver and copper for Huaxia coins, but does not exchange them for Jiaozi. In addition, any banknotes outside the Song Dynasty are also prohibited from circulating in the Song Dynasty. Foreign investors need to exchange them for Huaxia coins at Huaxia Bank, and a small handling fee will be charged.

It is difficult for Lu Xiufu and the others to imagine how Zhao Dongting came up with these ideas, but it can be concluded that the emperor has the right to make money.

The highest level of being rich is that my family runs a money printing factory. Just imagine, can those who print money lack money?

During the Northern Song Dynasty, the court recognized Jiaozi as paper currency. At that time, sixteen wealthy merchants in China were recognized by the court and had the right to issue Jiaozi. Later, these sixteen wealthy merchant families were all rich and could rival the country. This is recorded in detailed in history books. Even until now, although these sixteen wealthy merchant families were far inferior to the peak of the time, they were still prosperous in various places, whether in the Yuan Dynasty or the Song Dynasty. Ordinary people may not know these things, but Lu Xiufu, Chen Wenlong and others were important officials of the country, so they naturally knew about it.

The emperor wanted to set up a money printing department under the Ministry of Finance, and obviously did not intend to distribute the right to print money to the wealthy families among the people.

In this way, can the Song Dynasty still be short of money?

Everyone wants to get it. As long as the Chinese currency can be truly issued, the court will never lose money in a short period of time.

After being surprised, a strong look of joy appeared on Lu Xiufu and others' faces, and they complimented: "The emperor's talent is beyond words."

Zhao Dongting just laughed softly.

He knew that this was all due to the fact that he had traveled through time. If he hadn't brought the knowledge from his previous life, he wouldn't have thought of these ideas.

Then he said, "Then you all have no objection to my method, right?"

Lu Xiufu and others nodded.

Chen Jianghan was even more overjoyed and asked, "Master, how many of our first batch of Chinese coins are planned to be printed?"

He seemed to be very impatient. Undoubtedly, he knew best how empty the Song Dynasty's treasury is now.

It can be said that it is already extremely difficult for the Song Dynasty treasury to distribute food and wages to the ministers and soldiers.

Zhao Dongting said: "I think it is more appropriate not to print the first batch of Chinese coins. Lord Chen, you can start to establish a printing department after you return to the yamen. In two days, the painter will give you the Chinese coins to print them. You personally supervise the printing of the Chinese coins, but be sure to be well-made and beware of folk imitation. Then, after the China Banks in various places are established, each bank will apply to the Finance Department to allocate Chinese coins to collect private gold, silver and copper coins. As for the remaining Chinese coins, they can be temporarily reserved at the China Bank headquarters. When the private gold, silver and copper coins are collected, we will discuss it separately to see how many Chinese coins are most appropriate. Huaxia coins are the national currency, so they cannot be issued randomly, otherwise the people will be in chaos. I don't want to happen again like Jiaozi depreciation during the previous dynasty."
Chapter completed!