C1184 South Ticket Crisis

In the end, the purple cuckoo did not dare take a step into the courtyard. She knew clearly the importance of Wang Huaiyuan to the Prime Minister, and even he had a violent conflict with Xiao Letian.

With bloodshot eyes, the purple cuckoo carried the porridge back to the back room. She decided to chant Buddhist scriptures with all the girls in the inner room to pray for the prime minister's blessings.

Xiao Letian was not in the mood to bother with what the woman was thinking about at the moment. The two big porcelain bottles that he smashed around the room like trapped beasts must be the treasure that Molière had described. If the later generations were to go to Sotheby's, they would probably sell it for seventy to eighty million, but the furious Xiao Letian did not care about anything anymore.

With bloodshot eyes, he sat in his chair and gripped his messy hair with both hands, his low and hoarse voice reverberating in the room, "What can Jiangnan do? Weren't we in control of everything previously? What kind of trouble can there be?! "

"The past is the present!" Previously, we did not expect the Belait to suddenly have such a battle, much less that all of our gold and food would be gone.

The grieving Wang Huaiyuan started to cough intensely again. Xiao Letian hurriedly passed over the bottle of medicine made by the Evil Doctor Huang on the tea table. "You guys can leave the work of analyzing the data to Pierre! "You're about to boil a man to death …"

Wang Huaiyuan took a sip of his wine and waved his hand, "He can't pick a fight. No matter how smart he is, he's still a European and I can't give him all the core secrets … Forget it, let's talk about Jiangnan! "

What exactly happened in Jiangnan, these words would have to start from the moment the Russian Expeditionary Force left Europe.

The Great Qing's national finances were no longer like they had been in history. The imperial finances, which were originally supported by the three large revenues of business tax, taxes, and food tax, had completely changed due to the war and Xiao Letian's financial impact.

Of course, the silver standard system hadn't changed, but the evil method of repeatedly exploiting the citizens through the fire consumption system had been overturned by more and more western silver coins.

Now, the Great Qing's Ministry of Revenue also used these beautifully forged silver coins as the country's normal reserve currency, causing the local officials to lose the excuse of burning silver.

Of course, in some of the more remote provinces, the scattered silver taels needed by the commoners still needed to be used for forging. The corrupt officials could still take another bite, but this piece of meat was becoming more and more oily, having long since been replaced by silver taels.

If the country admitted using silver coins to pay taxes, who would dare to turn silver coins into ingots?

Mexican eagle, Ryukyu's Dragon Mark Silver Yuan, together with the small amount of silver that European countries had obtained through commercial circulation and the even smaller amount of silver that the Great Qing had forged, were basically the main currency used in the Qing Empire's important trading ports.

In fact, this kind of physical circulation of silver coins would not cause any big problems. After all, every silver coin was a solid silver plate, and the value of the silver coin itself was relatively stable. The citizens' confidence in the value of the silver coin was very strong.

The bad thing about it was the account bonds, this paper currency that was derived from the New Army Military Ticket s, was a deeply disguised credit currency from the moment it was born.

Yes, according to the issuance regulations of the Ministry of Revenue, a single round banknote can be converted into a single round entity silver coin. In law, this piece of paper is equal to that silver coin.

Before Qing Dynasty got involved, the Letian Bank promised to exchange individual note for silver. However, due to Yang Zhi's betrayal, the Qing Dynasty started to print the bonds, causing the market to become chaotic, so Xiao Letian ended this kind of individual note exchange business.

This pause would last forever! The Ryukyu and the Qing Dynasty had a difficult time negotiating, and in the end, they forced Ci Xi to take off his pants and act shamelessly.

Furthermore, Ci Xi and the other high officials of the Qing Dynasty were using their righteousness to suppress the entire nation's Chinese Officer. Who dared to not give them the right to make money, the Qing Dynasty would open its doors and sell their country to the foreigners? They would even sell China's Shuangguang, Jiangnan, Tibet and Xinjiang.

With how shameless he was, Xiao Letian could not take it anymore. Even all the Chinese Officer in the world could not stand up to such a hoodlum move! In the end, they had to use the Huaihe River of Central Plains as the dividing line and split the right to forge coins into two.

The currency market north of the Huai River was called the North Ticket, which was also known as the Clear Bill. The notes south of the Huai River were issued by the Letian Bank, commonly known as Southern Notes. It was also known as Ryukyu Ticket or Shaw's Ticket.

After the split agreement was reached, the old rule of free exchange of banknotes and silver coins was completely abolished. No matter if it was an individual or a large organization, no one was allowed to exchange their banknotes for silver coins.

Legally speaking, a dollar bill was equivalent to a Ryukyu Dragon-striated Silver Coin, but if he did not exchange it, how could he guarantee his credit? Would the commoners accept it? Will it be devalued?

At that time, they would need to use the tax to guarantee their future, and the credit of the two huge business circles, the Great Qing and the Ryukyu, would be used to guarantee their future. Make it clear to the people that regardless of whether the market recognizes this kind of paper money or not, when paying taxes, the government will not only approve it but also give it a discount to encourage it.

This time, the citizens felt at ease. Everyone had to pay the royal grain tax, and since the imperial government and the Ryukyu had acknowledged that this paper bill was money, there was nothing to be afraid of. Just like this, the north and south Notes began to expand.

Until now, the average person did not know how many Notes were released by the Great Qing, but the internal records of the Letian Bank were clear.

From the day of the Notes's birth until the moment of the crisis, a total of 1.8 billion Notes s were released from the Great Qing, 600 million of them being the North Ticket released by Beijing, and the remaining 1.6 billion being the Notes released by the Letian Bank.

All of this money was currently being transferred into the commercial circulation areas of Southern China. With sufficient money, the flow of resources became faster and faster, and all kinds of projects blossomed on the ground.

Unfortunately, there were hidden dangers to the prosperity on the surface. Credit was the most precious part of a currency, and now they were using the country's credit to guarantee paper money. But what if the country's credit went bankrupt?

Although the Ryukyu was a small country, but it was a very strange country. Because Xiao Letian's business empire was established here, and the financial center was also established here, the taxes collected by the Ryukyu Kingdom was not any less than that collected by the Southern Great Qing.

When merchants from all over the world came to East Asia to conduct trade, they would inevitably have to deal with huge Chinese merchants, and the Chinese merchants in Ryukyu were even more important.

Since they had made all kinds of transactions in the Ryukyu, the taxes would naturally be turned over to the National Treasury. Because the National Treasury of the Ryukyu approved the credit of the Southern Bills banknotes, the merchants of Jiangnan and other countries would not reject the banknotes.

Since the big merchants did not resist, the small and middle-sized merchants would naturally accept the southern tickets under the big merchants' command. Naturally, the common folk could also use this paper ticket to buy things from the small and medium-sized merchants.

Once the credit was established, the Letian Firm would be able to issue more paper money based on the market conditions. This was a perfect virtuous circle.