"Book of banknotes!"

Pang Yukun was a little surprised when he heard this. In history, the Great Yu Kingdom has been using certificates like silver notes, and there has never been a saying of paper money.

Xiao Ming had a premonition about Pang Yukun's reaction, and he directly used the technology crystal to tell Pang Yukun what banknote it was.

"There is no doubt that industry will enrich the products, and at the same time, the currency representing the flow of products will increase accordingly. In this way, the court needs to issue currencies based on the quantity of private goods to maintain transactions between goods."

"Since that's the case, how much should be issued?" Pang Yukun was a little confused.

"The amount of issuance cannot be reckless. Simply put, paper and pen are equivalent to the copper coins in the past. Too much issuance will lead to the depreciation of copper coins. Originally, one copper coins could be bought with one, but now ten copper coins are used to buy a steamed bun. In the long run, it will cause national turmoil. Therefore, the issuance of paper money must be equal to the current total industrial and agricultural production in the Great Chongqing Kingdom. At the same time, in order to ensure the value of the currency itself, the currency needs to be linked to gold and silver." Xiao Ming said in a deep thought.

Although the Dayu Kingdom has a tendency to surpass the West on firearms, the current social system of the Dayu Kingdom still has many incomplete aspects.

Especially in terms of finance, he lags too much behind, so after expelling the barbarians and the country's domestic stability in Dayu, he decided to make up for the shortcomings in this area.

Moreover, he has a great ambition, which is to establish an international monetary system dominated by the Great Chongqing Kingdom and construct financial hegemony.

Although this ideal is still a bit far away, preparations are now needed, and issuing paper money is what you need to do now.

Pang Yukun gradually understood it under Xiao Ming's explanation. He said: "If this is the case, the old minister suggested that the current Dayu Kingdom adopt the silver standard currency. After all, gold is too scarce, and silver is the currency that the Dayu Kingdom has been circulating."

Xiao Ming nodded. He once wanted to establish a gold standard monetary system, but now the conditions are not met.

"I mean the same thing, but I can also use gold and silver to combine it and establish a system for gold and silver ratio exchange." Xiao Ming said that he was laying the gold standard back-up so that he could directly use the gold standard in the future.

Pang Yukun thought for a while and raised his last concern. He said: "Your Majesty, there are many people who imitate silver notes among the people. How can I stop it if I issue paper money?"

Without diamonds, you won’t take on the job of porcelain. Xiao Ming dares to issue paper money, so he can realize the printing technology of money in the Great Yu Kingdom, so he said: “You don’t have to worry about this, I have a way to solve it.”

Pang Yukun nodded, "Since that's the case, the old minister will go back and deal with the Cao family's money house first."

After saying that, Pang Yukun bowed and turned around and left.

Watching Pang Yukun leave, Xiao Ming retrieved the information from the technology crystal. It was not a simple matter to issue paper money, so he naturally did not dare to do anything.

The reason why it is put on the agenda is that on the one hand, the Cao family's money house has been uprooted, and on the other hand, the paper money he issued is of confidence that it is of strong quality.

Generally speaking, banknotes have high requirements for paper, so you must not use ordinary paper. After all, this type of paper is easily damaged by water.

Therefore, the paper that is truly used for banknotes is banknote paper, which is made of cotton wool.

This cotton short velvet is also called cotton seed velvet. It is because the staple fibers remain on the cotton seeds after being ginned. Use a velvet peeler to peel off these staple fibers and they are cotton short velvet.

Because of the complex collection process, short cotton wool can be much more expensive than ordinary papermaking raw materials.

Having materials is only the first step. The second thing to master is the raw material formula of this paper, which is produced in strict proportions.

In this way, the paper made has a smooth and delicate texture, tough and foldable texture. If you hold this kind of banknote in your hands, shake in the air, or pull the two ends of the banknote in both hands, loosely and tightly, or flick the surface of the paper with your fingers, it will make a clear and crisp sound.

Relatively speaking, the raw materials of ordinary printing paper are mostly straw, wheat stems, etc. The texture of this type of paper is soft and rough, with insufficient toughness and tension, and is very easy to break. If it shakes in the air, the sound will become dull.

So the level of manufacturing this banknote paper cannot be imitated by merchants from Dayu. After all, the cost of imitation will be very high.

In addition, he also has a watermark that is the anti-counterfeiting magic weapon.

Watermark is an ancient anti-counterfeiting method. In ancient times, its country was the first country to master watermark pressing technology.

At that time, the paper curtain was made of texture or pattern with thread to highlight the curtain surface. When paper was copied, the density of the pulp was different, and there were bright patterns in the light perspective, which formed a watermark.

In the Tang Dynasty there was a watermark paper with the word "Yanbojian", and in the late Qing Dynasty it was even a watermark paper with the word "Wang Liuji". In Europe, the Saxony banknotes issued in Prussia in 1772 used watermarks, and since then, watermarks have become more and more common.

In addition to these two, the third money printing technology that Dayu Kingdom can achieve is letterpress printing, which uses raised patterns.

In this way, the surface of the banknote will become concave and concave, and the end will be printed pigments and mineral pigments.

Compared with plant pigments, the colors of various paintings painted by mineral pigments last for a long time and can be maintained for thousands of years without fading.

Thinking of this, Xiao Ming said to Qian Dafu: "Now, follow me to the printing workshop."

"Yes, the emperor." Qian Dafu responded and went out to prepare.

At this time, Xiao Ming picked up a pen and recorded the key technologies. Next, he would draw technical backbones to establish a banknote workshop.

This workshop will be a high-level secret of the Great Yu Kingdom, and the way to print money will be the secret in the secret.

After writing, Xiao Ming got up and went to the printing workshop, which was always under the supervision of the newspaper. He directly asked Fan Zeng to draw some people with clean backgrounds from it.

At the same time, he was asked to establish a workshop from papermaking to printing according to the newspaper's printing procedures.

He concentrated the selected people at Qingzhou University.

Because this issuance of paper money is very important, Xiao Ming asked the government office to prepare a confidentiality agreement for each of them and signed an agreement. They will strictly keep the secrets about the money printing workshop. If they violate it, they will violate the confidentiality law of the Dayu Kingdom.

The craftsmen selected by Fan Zeng are all people who have lived in Qingzhou City for generations. The information of several generations is very clear, and the entire family also lives in Qingzhou City.

Such craftsmen are very safe for Xiao Ming because they have many concerns and the probability of being bribed is also very low.

In the next few days, Xiao Ming handed over the core technology of printing money to them. Of course, the procedures were separate, and each craftsman could only master some of them.
Chapter completed!