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Volume 1 Chapter 746 When Chinese Currency Becomes an International Currency

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    Even half of the single line currently being laid consumes more than 20,000 tons of steel.  For this reason, at the beginning of preparations to build this railway, I had already asked Chang'an Iron and Steel Plant to increase investment and expand its capacity.  By the middle of this year, Chang'an Iron and Steel Plant has built a total of four 50-ton and two 70-ton open-hearth furnaces, plus the original two 50-ton open-hearth furnaces, and seven 10-ton and 20 30-ton open-hearth furnaces.  With open-hearth furnaces, the total daily output of Chang'an Iron and Steel Plant has reached 1,100 tons.  Similarly, Ma'anshan in Bashu also built two 70-ton open-hearth furnaces. Together with the original ten 30-ton open-hearth furnaces, the daily output has reached 440 tons. Finally, it is temporarily sufficient to build the Yan'an to Chang'an line.  There is a demand for multiple railway lines, and if one is repaired first and then trains are used to transport materials to build the double track, the construction speed can be improved.  After all, the transportation volume of trains can be much larger, and there is no need to waste horse-drawn carriages and manpower to transport materials.  Save a lot of manpower and material resources.  In addition, the use of steam engines is indeed extremely wide. In addition to being used in transportation, they are also used in mechanical improvement. In addition, the Guanzhong First Textile Factory has installed two steam engines, using steam engines to drive textile machines. The effect  It's indeed much better.  Because, after all, hydraulic machinery depends on water, and the speed and size of the water flow will affect the operation of the machinery.  The steam engine does not have this defect. Although the cost seems to have increased, the problem is that it can greatly improve work efficiency.  In addition, with the steam engine, you can build a larger hydraulic press. With this thing, you can forge better machinery.  Anyway, this is a virtuous cycle process.  "Isn't it beautiful?" I looked at the important civil and military officials whose eyes were almost green with pride. I easily took out a gold coin from the box, picked it up, and then looked at it carefully.  The pattern is very exquisite, the numbers and Chinese characters on it are all so clear, and in the middle of the gold coin is a beautiful and delicate peony flower.  As for the back, it is the outline of Chang'an City.  "Such a coin weighs fifteen grams, with 88% gold content and 12% copper It can be used as ten coins." Fang Xuanling spat and reached for the gold coins in the box.  Everyone present explained.  "In addition, this kind of silver coin weighs fifteen grams, and contains 88% silver, and another 12% is copper Each silver coin can be used as money. In addition, there is this kind of silver coin that weighs seven and a half grams.  It's half a coin, and the other one is worth two hundred dollars" "Your Majesty, the labor cost for such a well-made and very beautiful coin is probably not low, right?" Wei Zheng looked at it for a long time, and held the golden light in his hand with some reluctance.  The brilliant gold coins were put back into the box and asked me.  "Dean Wei, the cost of this kind of coin is very low. The cost of each coin is about one-tenth of five baht." Fang Xuanling explained with a smile and gestures with his fingers.  "The cost is the same whether it is gold coins, silver coins or copper coins." "It can't be so low, right?" the old uncle couldn't help but exclaimed.  "Making money is not a profitable business. In the previous dynasty, the cost of casting a hundred guan was nearly 50 guan. How could it be so low?" "Uncle, you don't know, we use steel plate engraving  After that, it is pressed out using a stamping machine. Instead of casting each coin as in the past, it is directly pressed out of large pieces of copper, silver, and gold. " "As long as there are enough.  It requires a stamping machine and six people to operate in two shifts, and more than 100,000 coins can be made in one day." Fang Xuanling's words made everyone grin and get slapped.  Hippo with musket.  More than 100,000 pieces, this is definitely not a small amount, and it only requires six people to work in two shifts.  "The labor cost is quite low, so Your Majesty, this kind of well-made and beautiful-looking coins can definitely be circulated on the market." Ma Zhou frowned after picking it up.  "It's just that the weight is too light." "That's not a problem. I'm going to determine the currency system in the near future." I said with an impassioned wave of my hand.  "That is to establish the Chinese Empire's own bank." Following my gesture, Li Yuanfang held out a large stack of information for distribution.  Banks are special financial institutions that can support the country's implementation of monetary policy, macro-control of the national economy, and supervision and management of financial institutions and even the financial industry.  ?A financial institution that acts as a credit intermediary through deposits, loans, exchange, savings and other businesses.  Commercial bank is one of the financial institutions, and it is the most important financial institution. Its main business scope includes absorbing public deposits, granting loans and handling bill discounts, etc.  These businesses can all be carried out. During this period, due to the prosperity of commercial transactions, banks, the predecessor of long-distance exchange, have begun to appear. Soon?Fell into my eyes.  It reminds me of another extremely profitable business: financial systems.  To put it simply, all I know is the most basic business of deposits, loans, and remittances.  However, these basic services are enough.  If you have more money at home, you can deposit it in the bank. If you have less money, you can get a loan. If you want to withdraw money from another place, we can also do it.  ¡°Anyway, I am interested in this, and coupled with the current surge in precious metal production, I have the confidence to do this.  Establishing a country's financial system is not just to make money, but also to stabilize the country's economy.  At the same time, a national credit system will also be established.  In the period of primitive accumulation of capital, national credit was one of the powerful levers.  Under the capitalist system, government bonds are mainly issued through large capitalist banks or in the open financial market. Not only can banks obtain large rebates from them, but the various bonds issued by the government also provide a large amount of fictitious capital for bank joint-stock companies.  and important objects of speculation.  And with the deepening of the capitalist economic crisis and fiscal crisis, the income obtained through national credit has become an important source of national fiscal revenue and the main means to make up for the deficit.  In modern western developed countries, national credit is no longer simply a means of obtaining fiscal revenue, but has become an important economic lever for regulating economic operations.  With the development of capitalism, national credit has also developed from domestic to foreign countries. That is, a country's government borrows debts from another country's government or private enterprises and individuals in the name of the country and issues government bonds in the international financial market. It has become a country's compensation for  The means of fiscal deficit has also become a powerful lever to regulate the international balance of payments and foreign trade.  Now, naturally, it is not the time to issue bonds, but to use banks to control and promote economic development.  Moreover, it can also suppress private loan sharking.  In addition, the five-baht coins used in the Chinese Empire have been used since the Han Dynasty. Although the coins minted from the Han Dynasty to the previous dynasties are all five-baht, the size and weight are inconsistent, which makes people really speechless.  Re-establishing the currency system will be conducive to the development of the Chinese Empire. At the same time, the trade currencies used by neighboring countries are all five-baht coins minted by China.  Even Goguryeo, which was strangled to death by the Sui Dynasty, used the five-baht currency as its currency.  What is this equivalent to?  The currency of the Chinese Empire is equivalent to the US dollar in later generations, a super hard currency. So, why can¡¯t the Chinese Empire learn from the United States in later generations?  Today's Chinese Empire is fully capable of creating a free trade zone.  Dumping various products of its own to neighboring countries on a large scale.  There is also the reliance on the currency of the Chinese Empire to control the economies of surrounding countries.  Where can I find such good things?  After a careful analysis and explanation with these guys, these people finally understood that being the suzerain country can have so many benefits.  Not only can it control the economies of neighboring countries and facilitate the import of the Chinese Empire's commodity economy, but it can also directly control these neighboring countries through economic means.  "The concept of controlling the life and death of neighboring countries through the economy, or even through currency, is refreshing. Moreover, this is not bragging, but it can actually play such a role.  This is an idea that has never occurred before, or that no one has ever thought of.  In this regard, these civil and military ministers were deeply shocked by my astonishing talent. In other words, they really could not imagine that this young master could be so despicable.  However, in this way, the Chinese Empire's economy can completely develop at a rapid pace, and a large number of commodities will not be unsaleable in the future. More importantly, the Chinese Empire's currency completely controls the economies of surrounding countries. Let's put it this way,  If the Chinese Empire sneezes, they will all catch cold and fever.  Such an approach is indeed somewhat unethical, but the question is, the vassals of the Chinese Empire originally recognized China as their sect, so why?  Or not because I hope to get enough benefits.  Now, we can give you benefits.  But the problem is that you have to exchange resources and special products. In addition, the currency of the Chinese Empire is so exquisite and durable, so that your country can no longer use bark and grass roots as currency, but can be covered with silk and use porcelain.  Aren¡¯t these benefits enough?  Excitement, shame, contempt, and self-blame are intertwined in the hearts of these pillars of the Chinese Empire, but they all know how beneficial the formation and advancement of the financial system can be to the Chinese Empire.  Think about it, every year, the wealthy people in the Chinese Empire deposit money in the bank, so the interest alone well, of course there is a fee, which is levied at 1% per year for less than 10,000 guan.  The tax rate is 0.7% for the amount from 10,000 guan to 100,000 guan.  For amounts above 100,000 guan, annual interest is levied at 0.5%.  No matter how small the mosquito is, it is still meat, not to mention that everyone knows the story of adding up a little to make a lot. No matter how low the interest rate is, it is still money after all.
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