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Chapter 580: Finalize the Currency Exchange

When the military heard that 70% of copper production this year would use coins, let alone replenish new muskets, they were afraid that even the existing guns and cannons could not guarantee that they could replenish ammunition, and the generals in the court would be unhappy in an instant.

Then he heard Xiao He say that next year, when copper production cannot make up for the loss of currency, he may have to melt the cannons and muskets. When he came to mint coins, these generals could be said to be instantly furious.

Of course, it is definitely impossible to mint coins with cannons and muskets. This is just a means by Xiao He deliberately stimulating the military generals in the court to force them to stand on the same front as him.

"I want to change the money."

"Yes, how can we combine artillery and muskets to mint coins? Isn't this a joke?"

The generals shouted loudly.

"Since my Daqin's copper production is seriously insufficient, it seems that it is imperative to replace copper coins with gold and silver coins. However, my Daqin's silver production is also not large. I wonder if it can support such a large-scale exchange of currency?" Li Si looked at Xiao He and said solemnly.

A person like Li Si who is a mature person can naturally come out as Xiao He is the person who promoted Li Chen. When he reaches the level of Li Chen, it is impossible to do everything by himself, or he has no energy to do everything by himself.

So, Li Si simply asked Xiao He directly about the exchange of coins.

Xiao He paused and said, "The Chief Minister doesn't know that a large amount of silver mines have been transported from Fuso. Now the deposit in the warehouse has been enough for a year, and the action of exchanging coins is not blindly done."

"I plan for the time being. The 48.5 million copper coins that need to be added this year will be replaced by silver coins. In this process, the copper coins on the market will be gradually reclaimed, and then the equal amount of silver coins will be distributed. In this way, as long as we can recover how many copper coins we can distribute them. As long as we can not issue them indiscriminately, there will be no problems with the monetary system of Daqin."

Silver coins and gold coins are not paper money. Gold and silver are originally precious metals and have certain value in themselves. Therefore, as long as they can ensure that they are not issued indiscriminately on the market, it will definitely not have much impact on the economic system of the Qin Dynasty.

While collecting the old coins and issuing new coins, a trend of new coins naturally replacing old coins in a short period of time will not be wasted too much manpower and material resources, nor will the people feel panic due to the large amount of currency exchange in a short period of time.

Just like changing the RMB in my previous life, two currencies in the market are circulating at the same time. New currencies flow from banks to the people, and the people can deposit old coins into the bank, but the bank must give them new coins.

In this way, the new coins will gradually replace the old coins, and this process will not be abrupt, and the people will be more likely to accept the new coins in a subtle way.

If the exchange of coins is forcibly restricted, not to mention how much manpower and material resources are needed, it will inevitably cause panic among the people. In this way, it may cause the people to collectively unwilling to exchange currency, or there will be a collective run.

Li Chen is familiar with the history of his previous life for thousands of years. In many dynasties, economic regression caused by currency replacement occurred. Before he decided to change the new currency, Li Chen had done his homework. Now he is no longer the young boy he used to be. Now he is not the battle without confidence. Since he has decided to change the currency, he has already prepared to deal with everything.

After hearing Xiao He's words, almost all the ministers in the court agreed to change the currency. To put it bluntly, the exchange method between small coins, medium coins, large coins and listed coins is both simple and reasonable. It can be said that it is far better than the current currency system of the Qin Dynasty.

In addition to circulating copper plates, there are also silver ingots and gold in circulation in the Daqin market. At some point, if you want to trade with silver or gold, you even need to bring a small scale and scissors to divide the silver.

Once small, medium, large, and listed coins are circulated on the market, this complex trading method can be eliminated. The official minted currency components are the same, which is much more important and reliable than the ones that are divided by themselves.

Moreover, Xiao He said that the old coins and new coins were circulated at the same time, and then the old coins were gradually recovered and the old coins were replaced with new coins. This gradual approach would not cause panic among the people.

If we follow the rules of Daqin, the replacement of currency will naturally be led by the Ministry of Revenue and assisted by the Ministry of Industry and other departments. However, Li Chen said at this time: "I plan to establish the Daqin Central Bank, which will be responsible for issuing new currencies and recycling old currencies. Xiao He, temporarily, you will be the first president of the Daqin Central Bank."

Li Chen established the Central Bank of Qin and appointed Xiao He as the first president. No one in the court opposed it because the Ministry of Revenue was originally the yamen where Li Chen was the mastermind.

Chen Ping, the Minister of Revenue, was promoted by Li Chen. This person can be said to be Li Chen's loyal dog. It can be said that Li Chen held the Ministry of Revenue with his left hand and the army with his right hand. In this way, Li Chen has money and food.

Originally, the money and grain were all under the jurisdiction of the Ministry of Revenue, but now the establishment of the Daqin Central Bank is equivalent to the right to manage money from the Ministry of Revenue. However, Chen Ping is Li Chen's man, so if he doesn't object, no one will object.

Since the matter of changing coins has been decided, the court began to discuss many details about changing coins. As the saying goes, the three cobblers are better than Zhuge Liang. Not to mention so many ministers in the court, these people discussed it in a word and made a lot of improvement in the system. They also put forward many effective suggestions that Li Chen did not expect. The meeting was held from daytime to midnight, and then all the signs were initially set.

Fusu specially ordered the imperial kitchen to prepare a dinner party and invited all the ministers to join the dinner party. They left only after the dinner party.

After the dinner, Li Si and Meng Yi left the palace together.

Meng Yi was holding a set of sample coins given by Li Chen, including one small coin, a medium coin, a large coin, and a listed coin. Today, the minister Li Chen, who attended the meeting, gave a set of such sample coins.

Meng Yi played with the sample coins in his hand, looked at the avatar of the First Emperor in the sample coins, and said in a real tone: "Brother Li, to be honest. I agreed with the exchange of coins, for nothing else, just to make the late emperor famous for his eternity."

There is nothing in this world that can be remembered more than printing your avatar on coins.

The old ministers like Meng Yi had no doubt about the feelings of the First Emperor. It was because of this reason that no one opposed the currency exchange system. You should know that in the large dye vat of the court, everyone is a color, but today, this matter is rare.
Chapter completed!
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