Chapter 414 How Much Does It Cost to Issue Currency?

"Brother Yi, this money is good." During dinner in the evening, Li Longji said while looking at a lot of exchange coupons.

“It’s not money, it’s a voucher that kids can exchange for snacks and opportunities to play.”

Li Yi didn't admit that he was printing money. Was the money made casually?

You can grow money as you wish, such as mulberry trees, silkworms, and darning, and spend it as money.

"Yes, it's an exchange coupon." Queen Wang supported.

Li Chengqi poured wine for Li Yi: "Print it first and see if it works. After it works, I will tell His Majesty.

At that time, Datang directly printed money, which was also called Kaiyuan Tongbao.

When spending money, you no longer need to carry so many heavy things. It is most convenient for people who walk long distances. "

"The benefits are not just lightness." Li Longji also said: "Nowadays, there are too many silks. The rich people pile them up in their warehouses, and the common people have to plant mulberry and raise silkworms."

Li Longji thought of taking away a large amount of mulberry and hemp so that the people could use it to grow food.

People who actually had less than 100 acres of farmland had to plant trees and raise silkworms in their homes, wasting time.

It is better to plant millet, even if the land is not good enough, and plant beans to nourish the land. If there are few beans, you can still squeeze out oil and make tofu.

At that time, copper was used to make tools, and the people all used paper money.

"The papermaking process also needs to be improved to make banknotes more difficult to counterfeit. In addition, the number of issuances is involved." Li Yi is not so optimistic.

Li Longji and Li Chengqi thought deeply and ate and drank slowly.

The two of them knew that they couldn't print too much money to buy things. How much money they printed was a question.

After a quarter of an hour, Li Longji asked Li Yi.

"Brother Yi, do you think it's okay to use the rent collected last year to pay out?"

"After the money is sent out, the people have the money in their hands. Will they pay for rent or food?" Li Yi did not answer, but asked a question.

"Of course we have to pay for the food." Li Longji said immediately.

"The money printed by the imperial court cannot be used to pay rent, so the people are still willing to use the imperial court's money?" Li Yi asked again.

"Then you are allowed to pay." Li Longji followed suit.

“Food prices fluctuate and vary from place to place. When harvesting, food is cheap. How much do you have to pay?

Originally, he was supposed to pay a rent of one stone, but as a result, the grain harvest was cheaper, so he paid less.

The imperial court took that money and bought grain from elsewhere. If it could not buy the grain for rent, the imperial court's income would decrease. "

Li Yi gave another troublesome question.

Li Chengqi interjected: "Choose an average price. Grain prices vary every year. Calculate the average and let the people pay."

"When people harvest grain, the price of grain is low. On average, there is more grain to sell.

Originally one stone of grain was enough, but when converted into money, what was actually sold was one and a half stone, and the people suffered a loss. "

Li Yi also said, look, it doesn’t work.

The two brothers Li Longji were worried, this wouldn't work, that wouldn't work either, what's the use of printing money?

"If you are willing to pay, pay the money; if you are willing to pay the food, then pay the food." Queen Wang was the smartest and solved it in one sentence.

"What about pricing? If the price is set high, people won't use the money. Money has poor circulation and people won't want it.

Food prices are unstable, and merchants will raise prices if other commodities are purchased with banknotes.

As long as one link is high, all products will start to increase in price against banknotes.

Paper money will be obsolete by then, and the more it is printed, the more it will depreciate. "

Li Yi again raised the issue of currency acceptance.

"Brother Yi, tell me, we don't want to think about it anymore." Li Chengqi simply threw his worries back.

"No." Li Longji shook his head: "There are also copper coins now, and there is no mention of letting people use copper coins to pay rent. They can use copper coins to buy food.

When banknotes are issued, it is enough to follow the rules for copper coins. At worst, they are allowed to exchange banknotes for copper coins. "

Li Longji thought of a way, yes, that's it.

At the same time, he also knew how much money to print. He would print as much money as the court had in copper coins and silk.

When the time comes when people are allowed to exchange, it will be whatever they want.

Paper money replaced copper coins for convenience, not to get money out of people's hands all at once.

He expressed his thoughts and Li Yi smiled.

"Yes, this is the printing quantity. Wait until everyone gets used to it and print more, and they will not think about exchanging copper coins.

It will take a few years. Zhuangzi will try to issue exchange coupons first. Zhuangzi has enough goods to sell.

Now that the people are familiar with Zhuangzi's exchange notes, it will be a matter of course for the court to issue banknotes in the future. "

Li Yi was afraid that the court would be impatient and send out a lot of money at once, and the court would be short of money.

On the morning of the next day, the banker took the goods to Baqiao to trade with others.

When you need to buy something from someone else, ask the other person if they are willing to receive a voucher.

He also explained that he could use the redemption coupon to buy things on Zhuangzi this month and enjoy discounts, for this month only.

As soon as I heard about the offer, the other party immediately agreed.

Even if they don't buy goods from Zhuangzi, they can still buy things from others.

Discuss the price when buying, and give in according to Zhuangzi's preferential ratio. Wouldn't it be cheaper?

The one who suffered the loss was Zhuangzi. Zhuangzi was rich and had a 19-day discount period.

Zhuangzi has not yet made a version of the exchange coupon for more than ten coins, and the maximum is only ten coins.

Once given a bundle, the other person counts the money, and if the amount is correct, he quickly takes it and leaves to buy something.

"It's so useful. If I had known better, I wouldn't have driven over here to collect the money. Just take it and it's done." A person who got money after selling something was happy.

"You have to carry it well. It's easy to lose. Silk is big and hard to lose."

The man selling bran next to him carefully placed his hand where the money was.

The person who came to sell flowers said: "The denomination is too small. If it is larger, others will be willing to accept it, and it will be more convenient."

"Your flowers are collected from all over the place. Why do you want a large sum of money?" the bran seller said with a smile.

"I plan to continue to subcontract. The price of fresh flowers is higher than that of dried flowers. I will collect flowers from everywhere by myself. After saving, I can dry a lot of flowers."

The flower seller expressed his worries. He wanted people to collect them in various places and settle the payment at once.

If he turns around and sells it to Zhuangzi, he can make more money.

Zhuangzi uses flowers to extract essential oils. The extracted flowers are more and the dried flowers are less. Naturally, the money given varies.

In addition to merchants, ordinary people who come to give mugwort and tea leaves are more willing to exchange coupons.

They don't think that the exchange coupons can't be spent, and Lijiazhuangzi's ranking is there.

Any item you take out is worth a lot of money, and it can be sold as many exchange coupons as Zhuangzi prints.

So instead of using it at night, exchange coupons became popular in the east and west cities of Chang'an City at noon.

It looks interesting to everyone, and it’s easy to just pick it up, so it saves trouble.

Businessmen who have business dealings with Lijiazhuangzi can give more if they propose consumption.

"Your Majesty, UUReading www.uukanshu.net printing money should be in the hands of the imperial court and cannot be done by private individuals."

Yao Chong didn't eat a few mouthfuls of food at noon. He waited for Li Longji to finish his meal and rushed over immediately.

The other two prime ministers nodded. They could no longer favor Li Yi on this matter. It was too important.

"Does Yao Qing know how much money should be printed in a year?" Li Longji asked slowly and calmly.

"How much? This...that..." Yao Chong was confused, yes, how much is appropriate to print?

"Your Majesty knows?" Lu Huaishen looked expectantly.

"Simple, how much you print depends on your income, starting from..."

Li Longji talked about it and taught the ministers how to issue currency, not only to issue it, but also to stabilize the price.

After he finished speaking, the three of them realized that they felt that they had completely learned the knowledge of currency.

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