When Wen Tiren and the other three were surprised when they heard this, they looked at each other, and their eyes were full of confusion.

You know, everyone knows that if the imperial court can issue paper money, then you have to worry about the problem of not being able to collect financial and tax revenue. If you don’t have money, you will be given, and if you don’t have money, it’s so convenient!

For this reason, when the Ming Baochao encountered problems during the Hongwu period, the monarch and ministers thought of solutions together, and even issued many regulations without hesitation to the world, but in the end it was still irreversible. The printing and issuance of the Zhengde period was stopped.

Such a difficult thing has become a very simple thing when it comes to the young Emperor Chongzhen? Is this possible?

To be honest, Wen Tiren and Bi Ziyan didn't believe it at all. However, they looked at the emperor's expression, but they were full of confidence, which made them a little confused.

Hu Guang had already considered the issuance of paper money. He happened to have an understanding of the history of currency and knew that the problem was there, so he was prepared for it. Now he is preparing to implement it. First of all, the Chief Minister and the Minister of Revenue should support it.

Hu Guang expected the reaction of the three natives in front of him. This is the limitation of the times and has nothing to do with whether they are smart or not.

Thinking of this, he spoke, "The treasure banknote is convenient and practical compared to physical coins such as gold, silver and copper. I don't need to say anything more, right?"

Seeing the three ministers nodding, he continued, "But why did the Daming Baochao not be popular among the people and finally had to stop printing and issuing it, just because it was printed and distributed too much?"

Of course not, Bi Ziyan immediately replied in his heart. As the Minister of Revenue, he must have known more about the Ming Dynasty's finance than others.

When the Ming Dynasty Baochao encountered a depreciation crisis, the court thought of various ways, including reducing issuance and even reducing the court's spending on Baochao, but it was useless.

Hu Guang continued without waiting for someone to answer, "None of them. The most fundamental reason is that the Daming Baochao is a credit currency, which depends on the reputation of the court. Once there is a trace of distrust, even if it is just rumors, the credit will be destroyed, which will affect the value of the Baochao, and this process is irreversible."

When I heard the emperor talking, I didn't understand what I said, and there were some words that I didn't understand very well. In this way, the emperor's words gave the three of them a sense of unfathomableness. For a moment, no one asked, and they were all listening and thinking.

Hu Guang did not use the way they could speak at first glance. One was that he didn't want to be so tired and asked him to adapt to them. The other reason was that he was deliberately doing this, that is, you should understand it a little bit so that he could appear to be of good quality.

He continued, "Since the reason has been found, it's easy to deal with. It just so happens that at this time, there is enough silver in my Ming Dynasty. Therefore, the newly issued banknotes are based on the silver standard, which can solve the problems encountered by the Ming Dynasty treasure banknotes in the past."

At the beginning of the founding of the Ming Dynasty, there was not much reserve of gold and silver in the country. Later, due to the trade between the Ming Dynasty and foreign countries for hundreds of years, most of the silver obtained by countries around the world flowed into the Ming Dynasty.

In this way, silver was the basis for currency, and Zhang Juzheng's whip method during the Wanli period established the use of silver as the official currency.

It is precisely under the premise of these two that the people of the Ming Dynasty had sufficient understanding of silver. If the silver standard was adopted, there would be no difficulties. Before changing, even if the silver standard was adopted at the beginning of the founding of the country, they would encounter great difficulties sooner or later.

When the three ministers heard this, Bi Ziyan couldn't help it and asked first: "Your Majesty, I'm stupid. I don't know what this silver standard means?"

Hearing this, the other two people couldn't help but nodded. According to what the emperor said, the key is that the silver standard system is, but I can't understand the meaning of the silver standard system, which further attracted their minds.

Hu Guang heard this and smiled slightly and said, "The so-called silver standard means that the imperial court will print and issue a silver bill as much as the silver bill. After the banknotes are issued, the imperial court allows the people to exchange the banknotes for the physical silver. In this way, the problem of the banknotes that may depreciate is well solved because the court has provided a guarantee for the value of the banknotes!"

After stopping and seeing the three ministers thinking, he sighed again: "Actually, this is not a real banknote, it is just a bank voucher. Oh, there is no bank yet, it is just a voucher. But this is not urgent, so you can only do it step by step."

After he finished speaking, the three ministers below came to their senses. It was Bi Ziyan who spoke first when it was about money. He frowned and said, "What Your Majesty said can indeed prevent the depreciation of the banknote, but the court now has no money!"

Thinking of this, he felt something was wrong, so he immediately corrected it: "The Ministry of Revenue only has 620,000 taels!"

This is to search for the former Zuodu Censor Cao Yubian, especially after seizing the Yongchang Pin Number. At this time, Bi Ziyan already understood why the emperor had requested that no one could use this money, but it turned out that it was to be used here.

"Yes, Your Majesty, it's only 620,000 taels, it's useless!" Xu Guangqi was the most sensitive to numbers among the three, and immediately frowned and followed.

Wen Tiren has confirmed at this time that the emperor is still the same emperor and there is no situation where he might have been possessed by Taizu before. With the emperor's previous way of doing things, there must be his reason. Thinking of this, he didn't speak this time.

Hu Guang didn't care about it after hearing this, and immediately smiled and said, "It's okay, there will be silver. Now you only need to take the first step and print and distribute it when there is silver in the future."

The search for Shanxi merchants is a major factor in the success of the issuance of paper money. Because in his estimate, most of the first batch of paper money printed and issued may be exchanged immediately, and eventually these paper money will return to the court, and there will be very little silver left in the Ministry of Revenue.

But with this good start, seeing that the court did not break its promise and could indeed exchange paper money for silver, the people's confidence in using paper money will increase greatly, which will effectively guarantee the value of paper money.

After the Shanxi merchants were searched and the imperial treasury increased by tens of millions of taels of silver, even if there were still people who could exchange the silver twelves, it would be impossible to exchange it. With such a huge buffer, the implementation of paper money would be much easier.

Bi Ziyan naturally didn't know about the Shanxi merchants, but he didn't think so far. Thinking about this situation, the emperor wanted to issue paper money, as long as he tried it, at most, it was just a try. After all, it was really troublesome to use gold and silver.

Thinking of this, his mind turned to other aspects and asked curiously: "Your Majesty, what do these on paper money mean?"
Chapter completed!