Chapter 89 Bank of Mongolia
The flowers bloom two branches, each with one branch.
While Harstin was on his way to the Great Zhen Kingdom, a delegation was also preparing to set off from the Ulutus tribe. The place they went was very far away, first of all, the northern desert grassland where the Mongolian Khanate was located. Although the main force had fought westward, Empress Borte, the first Urdot, was still there.
This woman's influence on Genghis Khan should not be underestimated. It is very necessary to blow the pillow and wind. In addition, she went to the Western Regions to see Genghis Khan. The matters about Eastern Mongolia must be reported to him.
Otherwise, when the main force returns to the west, the good days of the Ulutus tribe will come to an end.
In order to be foolproof, Ulutus has announced in the tribe that he will go west in person.
But before leaving, necessary preparations must be done.
For example, after determining the private ownership, the issue of issuing currency.
The monetary system in the grassland is very chaotic. To be honest, there is no currency at all. Copper coins flowing in from the Jin and Song countries, gold coins flowing in from the Western Regions caravans, and the traditional equivalents of cattle and sheep on the grassland can all be traded on the grassland.
However, this has a very random determination of the value of the product.
Ulutus is going to vigorously develop business in Ulutus! Especially within Ulutus, there are very novel and popular goods to be sold. If there is no complete and relatively fair monetary system as support, the interests of Ulutus will be damaged.
Moreover, the currency belonging to the Ulutus tribe can also be issued, and the influence of the Ulutus tribe can be extended by using the Ulutus tribe's commodities.
At present, the matter was handed over by Ulutus to Duoergan, the head of the Hucao. Combined with the habits of the Han people in the Central Plains and the Hui merchants in the Western Regions, Ulutus issued copper coins/silver coins/gold coins and large amounts of paper money.
The usual process is mainly copper coins and silver coins, while gold coins and large-value paper money exist as a check-like existence. Depending on the denomination, the Mongolian Bank and Huitong Trading Bank established by the Ulutus Department can exchange corresponding equivalents or copper coins/silver coins and Huilai Trading Bank.
Among them, Mongolian Bank is the only bank designated by the Ulutus Ministry that has the right to issue currency. In other words, only the currency issued by Mongolian Bank is the only legal currency, and other banks are all counterfeit currency.
It also has the function of storing and remotely exchanging currency. As long as you deposit your large amount of money into the Mongolian bank, you can get the corresponding gold coins and banknote exchange vouchers. As long as you exchange it in any Mongolian bank branch and Huitong and Huilai Commercial Bank branch on the grassland, you can take out your large amount of money or corresponding equivalents.
Of course, the handling fee must be charged. And it is not low, usually 5%. However, this can avoid being robbed by bandits on the road. For caravans that require large transactions, it is like a rain in time.
At that moment, Duoergan brought the newly created "Mongyuan" to give Ulutus a taste.
"King! How do you think of this condition?" Duoergan said with anticipation.
Ulutus took out a copper coin from the tray! Unlike the square hole coins commonly found in the Han areas of the Central Plains, Ulutus asked Duoer to make them all round coins in later generations. The front is a large "Yi" character, and the back is a "Meng". On the edge, there is a dense circle of small dot-shaped convexities.
It will feel very touching when touched. Its color is bright, with copper accounting for 80% of the ingredients, and the rest are mixed with iron/lead and other ingredients.
It represents a small denomination, equivalent to a currency unit of 1 cents. According to the size, it is divided into one cents and five cents. One of the corners is the one held by Ulutus, and the five cents are larger than the corners.
But holding both in your hands is not heavy.
Silver coins represent the currency unit of yuan. The principle of decimal system is adopted. Ten cents are equal to one yuan, and silver coins are also divided into one yuan and five yuan. The printing method is no different from copper coins, but because the material is made of silver, the color is different from copper coins.
In addition, in terms of composition, only seven out of ten silver coins are used, which is similar to the ratio used in gold coins.
For paper money, the face value is relatively large. The back is engraved with the king's tent landscape of the Ulutus tribe, and the front is 100 yuan/500 yuan/100 yuan/500 yuan/100,000 yuan/50,000 yuan/100,000 yuan/100,000 yuan/100,000 yuan.
The font is the same as the coins, and all use capital Chinese characters.
Although Mongolian language is also possible, only a small number of people who can have the opportunity to read in Mongolia today are at the top of the pyramid. They lack the understanding of the meaning represented by language and writing!
Otherwise, Mongolian texts would not have appeared in formal official documents until now. In most cases, Uygur texts are popular.
This is because the person who created the Mongolian script was a scholar of Uygur, so his script became a variant of Uygur.
Now, as the Central Plains Han area was included in the rule of Mongolia, the influence of Chinese characters began to be revealed in the Mongolian region. Ulutus was a social environment where Chinese characters grew up as the official dominance, and had a special feeling for Chinese characters.
Now, in the chaotic world where the Han people are facing unprecedented changes, he does not want to see Chinese characters being despised because of the decline of the status of the Han people. Therefore, teaching Chinese in the tribe and printing Chinese characters on coins is a trivial effort he has made for the Han culture.
As for whether the Mongolian Khanate would have other ideas!
He is not worried!
Because the Mongolians started their business by plundering! They don’t value currency seriously! Otherwise, they would not have issued currencies that represent Mongolia’s orthodox.
After reading the sample currency provided by Duoergan, Ulutus was not dissatisfied with it. So he let it go and prepare, and before he left, he could prepare for issuance.
After dealing with this matter, Ulutus suddenly wanted to take a walk in his tribe. After completely unifying the Eastern Mongolian tribe, he was busy with official duties every day. Although Liu Cao and the Chief Secretary helped him, there were still many things that he had to make up for himself.
I don’t have time to take a good look at the current situation of my tribe.
After leaving the big tent, Hunur also followed him.
"King, are you riding a horse or?" Hunur asked respectfully. With the improvement of Ulutus' status, he is now considered to be "one person has attained power, and a chicken and a dog have ascended to heaven." In addition to serving a few people respectfully, everyone can proudly raise their necks and let them look up to themselves.
"Riding a horse!" Looking at the densely packed tents around, Ulutus chose to ride a horse.
Chapter completed!