Chapter 684 Where Does Wealth Come From

Mo Yun naturally didn't know the true meaning of liberation.

She simply understood it literally - to liberate the people in other states who were still oppressed by the noble families or warlords.

Mo Yun was satisfied with this meaningful name. In addition, Xia Fan's description of the Liberation filling the streets and alleys made her even more excited. Now that Ning Wanjun has woken up, the burden on her shoulders has been lifted, and she can finally devote herself to the design of the mechanism again, and she doesn't want to waste almost every minute. As a result, she waved her hand and drove Xia Fan out of the Machinery Bureau, and then immediately began research on large-scale production.

Looking at the other party's hurriedly leaving back, Xia Fan suddenly had an inexplicable sentence in his mind - men will only affect my efficiency in studying technology.

In the evening, Xia Fan called the chief of the Finance Department, Eunuch Li, to the villa. When the latter walked into the reception hall of the villa, he found that in addition to His Highness Ning, there were two other people sitting in the room. They were a man and a woman, with obvious alien characteristics. Li Duojin immediately guessed that the other party was the benefactor Xia Fan brought back from the Western Pole. The man was a servant, and the woman was Princess Muye of Natating.

He bowed solemnly to the woman before sitting opposite Xia Fan.

For Li Duojin, the new situation in Jinxia has become more and more obvious now - for example, in the past, only Her Royal Highness would sit alone in the first seat, but now she would pull Xia Fan to her side, forming a tie for the first seat. The boy might not have noticed this thought, but he would definitely not miss it. This was very gratifying to Eunuch Li. He treated Ning Wanjun like a half-daughter. Although he knew that his status was not up to par, this mood had been formed for a long time. He thought that Her Royal Highness would not be interested in anyone else because she was thinking about revenge for her mother, but he did not expect that she would open her mind one day.

"Now that everyone is here, I will talk about what we want to talk about tonight." Xia Fan said with a relaxed expression, "I plan to try to issue paper money in Jinxia to replace the existing silver payment system."

Having dealt with Lord Xia for so long, Li Duojin is no longer surprised by his new words, "This paper money... refers to the bank receipt?"

Few people have heard of this thing, let alone used it, but Eunuch Li is one of the few.

Due to the inconvenience of transporting a large amount of silver, several large banks in Xu State have united and issued some bank receipts. Merchants holding these receipts can exchange them for the same amount of money in the bank in Shangyuan City. When he was preparing funds for Ning Wanjun's rebellion, he had converted part of the money into receipts. One was to facilitate storage, and the other was that in case of failure and fleeing to another country, receipts were easier to cash than jewelry.

But its shortcomings are also obvious. That is, in order to prevent counterfeiting, Xu State's bank will change the receipt every six months, and the holder needs to change it on time, otherwise it will easily cause disputes. Although the old receipts can be used to get money back after identity verification, unless the person is in Xu State, the time consumed in the middle is usually measured in months.

The second is the reputation issue. Not everyone's receipts can be exchanged for money-the Nanxi Bank led by Xu State has existed since the Yong Dynasty. The reputation accumulated over a hundred years can make other merchants willing to exchange. The big families in Shangyuan City have tried it, but they all failed without exception.

"No, it's more direct." Xia Fan replied, "Paper money is not only circulated between banks, but also between merchants and the people. In short, people can directly use paper money to buy rice, noodles, clothes and other daily necessities. Didn't Jinxia issue seafood rolls and food coupons for the affairs bureau before? Paper money is equivalent to their collection, with a wider range of uses, almost all-encompassing."

Eunuch Li took a breath.

This is the right to mint coins.

It's just that the minted copper coins were replaced with paper money.

He absolutely agreed with Jinxia's coinage. As the future monarch, Ning Wanjun naturally had the privilege of coinage, but for paper money, the situation was very different... This thing had a very low cost and made money very quickly, but the risk was also terrible! Regardless of whether people were willing to recognize it or not, paper had no value. If there was a risk of issuing it, the people would find that the money in their hands had become waste paper, which would damage the future of Jinxia!

"Why did you suddenly want to do this?" Ning Wanjun couldn't help but be a little curious, "If someone else had come up with it, I would have thought he wanted to take advantage of the opportunity to make money."

"Because Jinxia City needs money." Xia Fan said concisely.

"Lord Xia, our warehouse still has a surplus." Eunuch Li coughed twice, "and this year's income and expenditure should be able to be maintained."

That is, there is a surplus.

Xia Fan also learned about the financial situation of the Affairs Bureau. The opening of the school and the expansion of the Machinery Bureau almost sucked away a lot of funds, and the profits came from the Fang family's logistics share, port trade taxes, property income and salt taxes. In order to ensure the stability of salt prices, the salt tax is not much, but it is tending to be overtaken by real estate income. As for the other two items, it is a drop in the bucket.

If it were not for the timely supply of silver by the Xiema Kingdom and the additional funds for the purchase of a batch of weapons, Jinxia would have gone bankrupt. But the problem is that several schools have been built, but they are all located in the capital. It is still a dream to spread all over Shenzhou. Not to mention the road infrastructure, more mechanical animal factories, medical and health systems, and larger-scale education popularization work throughout the state.

In fact, precious metal currency has become the threshold for Jinxia's rapid expansion.

"Jinxia will need a lot of money in the next twenty years, and this money may add up to more than all the silver produced by the six countries." Xia Fan stated, "In order to avoid the shrinkage of the market due to insufficient circulation of silver and money, we must make arrangements in advance to encourage further development of the market, and at the same time give the Affairs Bureau more room to maneuver. Since silver and copper mines cannot be mined so quickly, paper money has become the only choice."

Eunuch Li widened his eyes.

Jinxia needs more silver than the six countries combined? What is this concept?

That can include the accumulation of countless wealthy families and princes for thousands of years!

Is he really sure that the princess's territory can produce so many goods?

Ning Wanjun smiled, "It seems that you have already thought about doing this. Eunuch Li, is there any difficulty in this matter?"

Not asking whether it is feasible, but asking about the difficulties, proves that the princess has agreed to this decision.

Eunuch Li scratched his head. "There are many difficulties. The first is to make the people willing to use it. If it is not handled properly, it may even affect your highness's prestige. The second is to prevent counterfeiting. If it is used by people with ulterior motives, the people may be uneasy. In addition, how much paper money is issued, how much is used, and how to control its flow and destination are all big problems." In a sense, it has all the shortcomings of the receipt, and the side effects are hundreds of times greater. "In short, Lord Xia must be cautious."