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Text Chapter 453: Taking back the right to mint coins

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    Before the issuance of silver coins, the headquarters of Chang'an Datang Bank had already informed major commercial banks and associations in advance to let them know the practical value of silver coins, and as long as someone used silver coins to make any transactions with them, they were not allowed to refuse to collect them.  Otherwise, you will be sanctioned by the bank.

    Speaking of which, Datang Bank is no longer what it was when it first started. Now the bank has grown into a behemoth by attracting deposits. All commercial banks and associations have business dealings with the bank, and bulk goods transactions also rely on the bank.  Complete, and sometimes have to borrow money from banks, so generally speaking, very few people are willing to offend banks, so they fully cooperate with the issuance of silver coins.

    Qian Er also learned from the staff who issued silver coins that this newly issued silver coin has extremely strong circulation, and at least major commercial banks and associations have recognized this silver coin.  This news made him very excited. Combined with what Liu Shu told him before, there were not many silver coins issued in the first batch, so he could conclude that this kind of silver coins, which are easy to use, highly circulated and very rare, would be released as soon as they are released.  It will definitely appreciate in value, so he wants to take this opportunity to make a small profit.

    Qian Er is indeed a very shrewd businessman. From the information revealed by the bank personnel, he saw a good business opportunity.  And the fact is just as he guessed. As soon as the silver coins were issued, they were loved by many people, especially some rich people. They usually need to bring some money with them when they go out. However, the currency value of copper coins is too small and cannot satisfy them at all.  Their needs, and although gold can also be used as money, its value is too high, and sometimes the other party cannot give change at all.  And even if you can find it, it will still be a pile of copper coins.  There's no way they can take it back.

    It is precisely because of the popularity of silver coins and the scarcity of the number of silver coins issued.  Therefore, silver coins are sold at very high prices on the black market. Originally, a silver coin could only be exchanged for one dollar in a bank, but the purchase price on the black market was two hundred coins per coin, which was a full 20% higher than the original price.  Qian Er converted all the money in the bank into coins, which totaled a thousand coins. After a few days, he changed hands on the black market and made a full two hundred coins. This kind of money-making speed is simply shocking.  Shivering, Qian Er even considered whether he should change his career.  Just exclude exchanging silver coins outside the bank.

    However, although this idea is very tempting, the shrewd Qian Er knows that this kind of thing cannot be done at the same time, and it is not a long-term solution. After all, the bank will definitely not let the price of silver coins rise like this out of its own interests.

    Qian Er guessed well. In the following time, the bank began to issue silver coins continuously, although not many were issued each time.  However, the time difference was very short, which made many people think that the number of silver coins in bank reserves was far more than they had guessed, so many people were suspicious of the upward trend in silver coin prices.  As a result, after nearly a year of silver coin issuance, the price of silver coins finally fell back to its usual normal level.

    It is also worth mentioning that it was just three months after the silver coin was issued.  Datang Bank began to issue higher value gold coins again, and the exchange ratio of these gold coins to silver coins was one to ten.  That is to say, it is worth ten strings, although it is not used much in daily life.  But it can be used for bulk goods transactions, and gold, like silver, has its own value, which also makes gold and silver coins much easier to promote than bearer bills.

    The issuance of two kinds of precious metal currencies greatly facilitated the circulation of goods and the lives of the people in the Tang Dynasty. Anyone with any brains will praise Li Min for doing another thing that benefited the country and the people. However, there is a saying in this world that good things take a long time.  , not everyone has any opinion on the matter.

    "Your Majesty, minting is a major matter for the country. How can we entrust it to a small bank? Please take back your order. The court has its own laws and must not let the power of minting fall into the hands of outsiders!" In the Taiji Hall, a man with white hair and white beard  The veteran minister stood in the palace and was admonishing Li Shimin impassionedly.

    The right to mint coins in the Tang Dynasty has always been in the hands of the government, and the Ministry of Household Affairs has a special department to manage the minting of coins.  However, Li Min had already reported the matter to Li Shimin before issuing silver coins, and Li Shimin also considered that Li Min did not want to mint copper coins, so he didn't care and immediately agreed. However, he did not expect that the appearance of the new coins would cause a huge stir.  All newspapers were rushing to report on the response. Li Shimin did not expect that it would have such a big impact, and it was too late to regret it.

    In fact, the reason why Kong Yingda opposed this matter was not selfish, nor did he have any prejudice against Li Min. He just believed that the right to mint coins was of great importance, but now it fell into the hands of Prince Li Min. Although it was only part of it, it was  It will also have a major impact on Datang. In addition, Li Min is not a prince. If the other party gains power, it will be a great threat to the future of Datang.

    Li Shimin, who was sitting on the throne, was also smiling bitterly. He did not expect that Li Min would make this matter so big, and the response from the public to this matter was extremely enthusiastic, and almost all of them were?Praise Li Min for serving the country and the people.  However, Li Shimin also knew very well that what Kong Yingda said was not unreasonable. According to the current form, gold and silver coins will definitely become an important currency besides copper coins. It is not a problem for Li Min to control it now, but if Prince Li Zhi ascends the throne in the future,  There might be some conflict between their brothers because of this matter.

    Thinking of this, Li Shimin also sighed. As a father, he was also the emperor of the Tang Dynasty.  He considers far more things than ordinary people consider, and they are more long-term. In some things, he even ignores family ties and considers everything in the interests of Datang.

    Kong Yingda's words caused a lot of discussion among the courtiers. Although many people in the court had friendship with Li Min, they all knew that Kong Yingda's words were not unreasonable. In the long run, the right to mint coins should indeed be in the hands of the official, otherwise  It will definitely cause trouble.

    "Your Majesty, Mr. Kong is right, and I also feel that the power of minting cannot be left to private hands." At this moment, Fang Xuanling, the Prime Minister of the Tang Dynasty, also stood up and agreed, but then his tone changed and he spoke again, "  However, His Majesty King Qi¡¯s casting of gold and silver coins was personally promised by His Majesty. If we take it back now, it would really undermine His Majesty¡¯s majesty, so I thought of a solution that would make the best of both worlds.¡±

    As soon as Fang Xuanling finished speaking, he immediately attracted countless eyes in the court, with admiration and admiration. He thought that Fang Xuanling was worthy of being the prime minister of the Tang Dynasty. He actually thought of a strategy that had the best of both worlds in such a short period of time.

    "Oh, Mr. Fang, please speak quickly!" Li Shimin also said with some surprise.  It's his fault for saying this. He didn't expect that the gold and silver coins would have such a big impact. As a result, he was very passive now, but he couldn't take back his promise, so he didn't know how to deal with it for a while.

    Fang Xuanling said calmly: "Your Majesty, minting coins is a major matter for the country, and it is true that it cannot be granted easily. But now that the matter has been settled, it is better to go with the flow and grant the right to mint gold and silver coins to  Bank, but there is a time limit. When it expires, the imperial court has the right to take back the casting rights, so that it can promote the issuance of gold and silver coins without damaging His Majesty's majesty."

    Set a deadline?  All the courtiers were stunned, followed by a burst of regret. This was originally a very simple method, but unfortunately they didn't think of it.  Li Shimin applauded loudly and immediately agreed to Fang Xuanling's suggestion.  But just when Fang Xuanling stepped back, his eyes suddenly looked at a young official standing behind. When the official saw Fang Xuanling's eyes, he showed a faint smile and bowed slightly.  , as if giving a salute to Fang Xuanling.

    "The next generation is to be feared!" Fang Xuanling said to herself in a low and imperceptible voice.  The young official he was looking at was none other than Li Yifu, a member of the Patent Department. Before going to court today, this junior but very important official found him and offered him this two-pronged strategy, which really made Fang Fang happy.  Xuanling was startled, and at the same time he took a higher look at Li Yifu.

    Li Yifu, who was standing at the end, although his face was calm, felt helpless in his heart. Although he came up with this two-pronged strategy, with his current status, he couldn't tell it in court, otherwise he would definitely offend.  Some people who were on good terms with King Qi.  It is also worth mentioning that his method is actually helping Li Min. After all, he knows very well that with the current circulation of gold and silver coins, Datang will never let the minting power be in the hands of Li Min, so instead of being  If Tang took it back, it would be better to delay for a while and let His Highness King Qi finish the minting of coins.

    The resolution in the Tang Dynasty court quickly reached Li Min's ears, but after he learned about it, he didn't have much reaction. Anyway, his main idea was to adapt the currency to the current business development. As long as he gave  He can just issue gold and silver coins for a period of time. In addition, as long as the bank is still in his hands, whether he has the right to mint coins does not actually have much impact, at least for him now.

    In addition, the Tang Dynasty wanted to control the minting of gold and silver coins, which was not a bad thing, because if they wanted to mint coins, they would need huge gold and silver reserves. Now that Li Min has a headache for this problem, he will have to work with Tang households in the future.  Ministry officials are having a headache.

    However, Li Min didn't intend to look at this matter as a joke. Instead, he used this matter to make him think of a good way to use his strength. As long as this method is used well, it can solve a big problem he faces.  problem.

    However, just when Li Min was thinking about how to use the Tang Dynasty to take back the right to mint money for his own profit, he was suddenly interrupted by a piece of good news. When he heard the good news, the big stone that had been hanging in his heart finally came to an end.  fell down.
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