Chapter 264 The Pu family’s treasure

All of this was created by Zheng Sixiao and Lu Zonggui, and of course Song Chen is indispensable for "instructions". He provided a good idea. These "checks" with many advanced anti-counterfeiting characteristics were made out like this.

This kind of check is called bearer check, which is very special. It has several units, yuan, jiao, cent, and several currency values, ten thousand yuan, one thousand yuan, one hundred yuan, fifty yuan, ten yuan, two yuan, one yuan, five jiao, one cent.

It is called a check, which is essentially a credit currency, a copper standard that has never been in history.

Even if Song Chen is crazy, he dare not be so willful. He will launch a bunch of things that have not been recognized, that is, a piece of waste paper. It is expensive now, and a corner of the face value is still facing the dilemma of losses.

The check reads the following words, ‘Each yuan can be exchanged for a copper coin at any time. The one-time payment of copper coins must be reached 1,000 yuan. The copper coins are exchanged for checks at will, and the validity period will be until ten years of Xianchun’.

There are many meanings in this passage, and it is also a hidden knowledge. If you exchange checks for copper coins, you must reach 1,000 yuan or more. If you don’t exchange them for small amounts, this is to save labor costs.

Then why is there no such regulation for copper coins to exchange checks? It is because in the early stage of issuance, it must have faced distrust from the people. They are used to using copper coins to pay, which is to increase the enthusiasm of the people.

As for the validity period to the tenth year of Xianchun, it is now the fifth year of Weichun, so it only takes five years. Why has it been five years? Because this copper standard is still not reliable, the value of copper cannot be compared with gold and silver, so the currency value under the gold standard can be stable in the range.

Why did Song Chen have the courage to develop this copper standard? First, because his current status in the court has been increased, and he gradually has his own power. Second, Xiao Liu has discovered three huge copper mines in Jiangxi, which are now being mined. (Extra: Of course, the location information provided by Song Chen is indispensable, but Song Chen asked Xiao Liu to keep it confidential, all of these contributions are recorded on him. He is now a sixth-grade mine supervisor, and he can be said to be the first person under Song Chen).

After talking about the reason, that is the purpose. First, save social time and improve social efficiency. Second, this kind of check similar to paper currency is currency, which is equivalent to mastering the right to issue currency.

For example, the coastal bank now has 300,000 guan (including part of the funds deposited by the East India Company), but can issue 400,000 guan, and the extra 100,000 guan can do many things.

This is not about the excessive issuance of currency. Banks can repay copper coins at any time. People have confidence that more copper coins will come in, so that the bank's repayment ability will be improved, which will form a virtuous cycle.

Xie Guoming's speech was very successful, and he talked about these complex financial operations in a very simple language. His expression was in place and his tone was very exciting. In addition, he himself also had a certain popularity in Lin'an.

Many people announced their deposits or exchanged them for checks at once, which was related to Aunt Tong’s announcement that all stores under the East India Company encouraged to collect checks. You can buy them with a 10% discount.

This was the decision made by Aunt Tong himself, and the old man couldn't even hold on. The half discount was equivalent to having to be paid by the East India Company itself. You should know that they exchanged a check of 100,000 yuan, which was all real. One yuan was exchanged for a copper coin. There was no discount, and of course this was not discounted either.

Otherwise, someone would exchange 950 copper coins for 1,000 yuan. According to the 1:1 payment ratio, after he received the copper coins, he would immediately ask a branch to exchange for another 1,000 copper coins, and then there would be a profit of fifty copper coins. This would be repeated many times a day, and the loss would be the coastal bank.

All the loopholes Song Chen could think of were thought of, but they were all arranged in advance anyway, and this time the operation was very successful.

Quanzhou Coastal System Establishment Office.

Song Chen is very happy that good things have happened these days.

The Pu family was destroyed without any danger, and now his government office has been built, and the coastal banks of the Song Dynasty were operating far better than expected.

After the withdrawal was released, there were only six levels of funds lost. As the people's trust in the bank's repayment ability increased, fewer and fewer withdrawals came to withdraw later, and more and more deposits were deposited. At present, the deposit speed was much higher than the withdrawal speed. Zhou Jiangui said that the bank had stabilized.

"financial innovations" such as checks have also begun to be implemented here, and it has issued about 10,000 guan. Although it is far from keeping up with Lin'an's 500,000 guan, it should be noted that the East India Company has not formed a scale in Quanzhou.

The main reason for this ten thousand yuan is that the Hongguiyuan in Quanzhou uses checks to settle the project payment, which is 10,500 yuan, so most of this ten thousand yuan is the money for "real estate development".

Song Chen still learned the news from others, and was speechless after hearing it. His sucker became more confident, but he had a deeper understanding of Aunt Tong's abilities, and she was still quite powerful.

On the first day of moving to work today, I was very happy and the troubles in the morning were basically solved. Although there were still tricky things about the Lin'an Chen family and the Pirate Old Octopus waiting for him, I am sure that I can rest now.

"Take him up!" Song Chen felt that when he arrived at the government office, he had to deal with official duties on the first day. The first thing was this "message ambassador" Lao Yu. He said he had to report important things.

Logically speaking, this guy made a great contribution to the destruction of Pu family this time. Without knowing it, he helped them a lot.

The guy came in and slowly came over with a lame leg, his eyes were dull, as if he had experienced a family tragedy, which was different from the old fish I remembered.

In this Pu Pu eradication incident, Song Chen strictly limited the attack surface. Lao Yu was only responsible for delivering the letter. He didn't even know the content of the letter. Such a person was not within the scope of the attack.

In this battle, this man did not provide desperate protection for the Pu family, so no one bothered to catch him.

Surprisingly, this guy took the initiative to find Song Chen and said that he had to meet him in person as the deputy envoy of the coastal control system.

"You are Yu Tiangui, right?" Song Chen casually called out his real name, "I am Song Chen, do you have anything to say to me?"

"The Pu family still has treasures!" Lao Yu's full name is Yu Tiangui. His words only have a few words, so he caught Song Chen. Now he suffers from financial hunger.

"Yu Tiangui, no, Lao Yu, that's the kind of name," Song Chen was very snobbish. When he heard that the other party had clues to treasure, he changed into a smile. "I have been right about their account books. Although there were some losses, in normal range, what treasures you mentioned are true?"
Chapter completed!