Chapter 216 Treasury Bills
In the early 1980s, the country faced a general lack of money. In 1981, the issuance of treasury bonds resumed.
Driven by the enthusiasm of the whole people to subscribe to patriotic bonds, the shortage of various construction funds in my country has been alleviated.
However, at that time, a system of forced levy was adopted, which was to deduct varying amounts of money from the salary of each ordinary person by percentage. Therefore, just a few years later, it became increasingly difficult for public officials to share and subscribe to treasury bonds.
Although Treasury bonds continued to be issued in 1982, 1983, and 1984, more and more people resisted Treasury bonds and their willingness to purchase them was low.
Although the Ministry of Finance began to establish the Treasury Debt Department in 1988, until this year, solving the problem of Treasury Debt sales was still the main problem facing the Treasury Debt Department at this time.
"Treasury bills?" Xiao Ju's mother looked at her girl suspiciously, and followed her sister-in-law, "You...why do you want Treasury bills?"
Du Xiaoju pretended to be angry and said, "Mom, look at you, don't want yours, look, you're scared..."
Xiaoju's mother obviously felt that there was something different from you and herself in the girl's mouth. She sighed, turned around and took out the key from the drawer, opened the lock in the closet, and took out an iron box containing biscuits from under several quilts. The passbook, cash, treasury bills and jewelry at home were all inside.
"These things at home are not left to you..." Xiaoju's mother took out a few tickets from it, "Give it, it's all here."
"Ah, sister-in-law, treasury bills, that's it?" Qin Nan took the treasury bills from Du Xiaoju with hip-hop. "I have them at home, and when my dad was there, it seemed that there were them..."
From 1981 to 1996, the state issued treasury bonds were all physical coupons, with face values of 1 yuan, 5 yuan, 10 yuan, 50 yuan, 100,000 yuan, 100,000 yuan, 100,000 yuan, 100,000 yuan, 1 million yuan, etc.
"Ah, have you paid it?" Xiaoju's mother asked quickly with concern. Although the Treasury bonds are Treasury bonds, they are all money. "It's useless to keep them for a long time, and the interest is still as much."
The redemption period of the Treasury bonds issued before 1984 was 10 years, and they were paid off in 5 years after the 6th year of issuance, and the annual interest rate for individual purchases was 8%.
After that, most of the treasury bills issued were 5-year and 3-year, and the annual interest rate for individual purchases was around 10%.
According to the regulations at the time of issuance, treasury bonds only calculate the interest during the redemption period. The interest will not be recalculated after the redemption period. Even if they are stored for a longer period of time, the total amount of redeemed capital and interest will not change when they are due.
"I don't know, maybe I'll let my brother change the nougat to eat." Qin Nan shook her head, but her enthusiasm was quickly projected on these treasury bills. The colorful bills were different. The five-yuan pattern was a few big trees, and the one hundred yuan was a modern factory, but the Treasury bills of the People's Republic of China were Regulations on the Treasury bills on the back of the Treasury bills.
"Xiao Ju," Xiao Ju's mother looked at the sister-in-law and sister-in-law about to leave, locked the wardrobe and followed her, "Your dad said, your stocks are worth one million, I'll see what the stocks look like..."
"You won't buy it, it's useless to see it." Du Xiaoju said to her mother with a smile.
"Who said I won't buy it? I'll take a look first. You kid, I'm your mother..." Xiaoju's mother glanced at her daughter, "I bought it, and it won't be yours in the future..."
Treasury bills and stocks blended harmoniously in China in the early 1990s.
In the evening, while the family was having dinner, Sister Zhang from the biscuit factory brought her lover to visit her.
"Oh, Sister Zhang, come here, what else do you want to take?" Du Xiaoju quickly put down the rice bowl in her hand and took an apple-stewing machine from Sister Zhang's hand. "Our dinner is late, his factory is in trouble, it's late to come back..."
Qin Dong also stood up with a smile, shook hands and greeted Sister Zhang's lover.
"Xiao Ju, when did you install the air conditioner?" Sister Zhang looked into the room, her eyes full of envy, "We haven't installed any phones at home yet."
Du Xiaoju smiled, "It's a coincidence that we're going to take a bowl of wontons I made..."
"I've eaten it, you eat it, you eat it." Sister Zhang smiled all over her face. He looked at her husband. Qin Dong had already let him sit on the sofa in the inner room.
"Director Qin, I'm really embarrassed to come to my house. If I hadn't encountered a problem, I wouldn't have...ah..." Sister Zhang's lover's surname is Wang, and he is the director of the branch office of ICBC. "You also know that we all have tasks now..."
"I know, I know." Qin Dong poured water into tea, "What is the face value of the Treasury bonds issued this year?"
Oh, Director Wang was immediately energetic, Treasury bills, where did he carry them with him, "Director Qin, look, this is a five-yuan Treasury bill, this is a ten-yuan, twenty-yuan..."
He immediately pulled open the bag he carried with him and took out the Treasury bill from it.
The five-yuan national treasury bond is blue, with the pattern of Chaoyang Gymnasium, the round pattern is Xichang Satellite Launch Center, purple, 2-shiyuan national treasury bond, with the pattern of Haidian Gymnasium, with the green.
"The specifications of these three are 142*64," Director Wang introduced with a smile, "This brown one is fifty, the pattern is Sanmen Xiang Reservoir, and this green Shijingshan Stadium is one hundred, and both are 156*72..."
Qin Nan stopped eating wontons and walked in with his rice bowl. Director Wang quickly smiled at her, but Qin Nan's eyes fell on the treasury bills.
"Xiao Ju, every family has a difficult sutra. You don't know that he is so worried that he can't sleep these days, his hair falls one by one, and this task is forced to be completed, and his blood pressure is rising again..."
Sister Zhang knew that Qin Dong was now in charge of Rong Beer Factory No. 2 and had a carton factory in his hand. The Jinxun Nightclub made a lot of gold every day. She stretched out a small finger and caught up with her thighs.
"Xiao Ju, given that our sisters are doing well, please ask Director Qin to help our Lao Wang." Sister Zhang looked at Du Xiao Ju, "Oh, there is really nothing we can do..."
In the room, Qin Dong had already asked directly, "Director Wang, how many do you need me to buy?
"How much can you buy?" Director Wang looked expectant and looked at the teacup Qin Nan gave him, and he stood up again.
"How much do you need?" Qin Dong smiled.
"Ten thousand?" Director Wang looked at the room full of furniture, cameras and TVs.
"Ten thousand, you won't feel that it's too little." Qin Dong carefully looked at the treasury bills in his hand. "Director Wang, what do you do after the treasury bills in previous years are exchanged?"
"Destroy." Director Wang immediately said, "You mean..."
"I don't mean anything," Qin Dong also said immediately, "Speak, tell me a number, I will total it."
Director Wang didn't care about the treasury bonds he exchanged in previous years, "Twenty thousand?...Thirty thousand? Ah..." He couldn't speak, and his wife also excitedly grabbed Du Xiaoju's hand.
"One and a half million." Qin Dong smiled and picked up the teapot and poured water from the thermos.
However, a "bang" sound suddenly came from behind, followed by the shouts of Qin Nan and Sister Zhang.
Soon, the ambulance honked its whistle and drove into Zhongjiawa. Qin Dong looked at Director Wang lying on it, and then looked at the several treasury bills in his hand, and couldn't help but shake his head.
"Dadong, do you really want to buy a treasury bill of 1.5 million?" Du Xiaoju looked worried.
Chapter completed!