I am the prince of the Ming Dynasty, I don't give up

Chapter 404 Silver Dollar Certificate

"Let's print a batch first. The total face value of this batch will be temporarily set at 6 million yuan (for the sake of ease of understanding, we will call it yuan from now on. After all, with the existence of the Yuan Dynasty, it would be a bit strange if the monetary unit is still yuan). One yuan is one silver coin, and it will be used to pay the employees of the Royal Group first." Zhu Houxuan said slowly.

Six million yuan in banknotes can only pay the Royal Group's employees more than two months' salary.

"Yes, Your Highness!" Tian Cheng said in an excited tone, then said goodbye and left.

Watching Tian Cheng leaving, Zhu Houxuan fell into deep thought.
The temptation to over-issue currency is too great. He can only over-issue silver dollars by reducing the silver content by 20% to 30%, but if it is paper money, there is no such restriction.
Moreover, given the current monetary tightening situation and economic scale of the Ming Dynasty, Zhu Houxun estimated that even if 100 million yuan of banknotes were printed, it would not be able to meet the people's demand for currency.

How much resources can be mobilized by creating so much extra currency out of thin air? No one can resist the temptation of over-issuing currency.

However, Zhu Houxuan was still very clear-headed. It was not difficult to print 100 million yuan worth of banknotes. The difficult part was how to maintain the credit of the banknotes while issuing them.

After all, paper money itself has little value, and how to maintain people's confidence in paper money is a big problem.

A few days later, Tian Cheng came to Nangong with a small box.

In the box were stacks of banknotes that smelled of ink.

"There are three denominations of banknotes here, one yuan, five yuan and ten yuan. Your Highness, please take a look." Tian Cheng placed the box in front of Zhu Houxuan.

Zhu Houxuan picked up the three banknotes. Although they were still relatively rough in his opinion, they were considered quite exquisite in that era.

"Ever since Your Highness talked to me about the idea of ​​issuing banknotes three years ago, the Royal Bank has been stockpiling relevant anti-counterfeiting technologies. These banknotes are the embodiment of the anti-counterfeiting technologies accumulated by the Royal Bank in recent years," Tian Cheng introduced the banknotes to Zhu Houxuan.

Zhu Houxuan looked at it carefully over and over for a long time before he spoke: "The anti-counterfeiting technology is good and sufficient, but I think it is not exquisite enough. The overall design also has problems, and the patterns on it are a bit small."

"Not exquisite enough? Is there a problem with the design?" Tian said puzzledly.

"Yes, the most important thing we need to pay attention to when issuing paper money is to prevent the people of the Ming Dynasty from associating the appearance with the Ming Treasure Notes. Therefore, we must remove elements similar to the Ming Treasure Notes and have large areas of delicate color patterns. The exquisiteness must be far better than the Ming Treasure Notes!" said Zhu Houxuan.

Tian Cheng had to admit that what Zhu Houxuan said made sense. Many elements of the banknotes he took out were indeed modeled after the Ming Dynasty's treasure notes.
Zhu Houxuan then made a series of detailed suggestions, including the size of the banknotes, the design and elements of the patterns on them, etc.
Anyway, it is based on the appearance of the RMB in the future. Tian Cheng nodded repeatedly after listening to it.

"Maybe it's difficult to achieve these. You can ask people from the Propaganda Department and the Machinery Department for help. You must make more exquisite banknotes. This will also help maintain people's confidence in banknotes." Zhu Houxuan said.

"Also, the face value is not designed reasonably. The face value of one yuan is already large enough. An ordinary worker in the Royal Group only earns three or four silver coins a month, so there is no need for five yuan and ten yuan. Instead, we should have some small-denomination banknotes, such as 5 cents, 5 cents, cents, and cent, so that it will be more convenient for the people to use them." Zhu Houxuan continued.

Tian Cheng nodded in agreement and wrote down Zhu Houxuan's opinions. "Has the Royal Bank of China named these banknotes?" Zhu Houxuan asked.

"I plan to call these banknotes silver dollar certificates. What do you think, Your Highness?" Tian Cheng replied quickly.

Silver dollar certificate?
Zhu Houxuan frowned. Isn't this the currency issued by Chiang Ching-kuo in later generations to plunder the people's wealth?

Finally, the currency depreciated by hundreds and thousands of times, and the gold yuan coupons were introduced.
This name is too unlucky and too unpleasant.
Zhu Houxuan was somewhat unhappy. This group of people always used the same unlucky names as those in later generations, which really made him feel helpless.
"Your Highness, do you not like this name? Then please pick a name." Tian Cheng noticed Zhu Houxuan's attitude.
Zhu Houxuan originally wanted to give it a name like "Da Ming Coin", but after careful consideration, he decided that this name was not a good one, as it would probably make the people immediately think of "Da Ming Baochao".
So he thought about it and found that the name "Silver Yuan Certificate" was quite appropriate.
At present, the acceptance of silver dollars among the people in Ming Dynasty is very high. If the name of silver dollar certificate is used, the people of Ming Dynasty can be reminded of silver dollars and they will be more willing to accept paper money.

"Let's call it Silver Yuan Coupon!" Zhu Houxuan said helplessly.

Let’s call it that for now, we can change it later if no better happens.

It was already very hot in late April.

Zhou Abao dragged his tired body out of the workshop. Three years ago, he was still building a salt field. Three years later, he has become a worker at the No. 1 Machinery Factory in Tangshan Industrial Zone, and a third-level worker.

"It's already the end of the month, why haven't we received our wages yet?" a worker muttered quietly.

When the topic of salary was brought up, Zhou Abao perked up and said, "It's time to pay, but don't worry. I've worked here for three years, and the factory has never delayed my salary."

"Yes, the Royal Group is a big company, and it doesn't need your money."

The workers around laughed.

As soon as the words fell, people from the Finance Department came over, and the group of people instantly became excited.
"Line up and come get your wages," a colleague from the Finance Department shouted.

The workers quickly lined up.

The team moved forward very quickly. Everyone only needed to sign the corresponding form. There was no secret salary system. Everyone's salary was transparent.
After signing, you will receive an envelope containing the pay slip and this month's salary.

The workers had all attended night school and were literate, so writing their own names was no problem for them.

Soon, some workers who received their wages felt something was wrong.
I opened the envelope and found a bunch of colorful papers inside.
The workers were confused when looking at the colorful papers.

"Don't worry, keep these silver yuan notes well. These papers can be used as silver coins. The details will be discussed at a meeting tomorrow." The colleague from the Finance Department shouted, and he was already very familiar with it.
Everyone felt relieved. Zhou Abao was in a good mood to carefully examine the colorful papers. He saw that each one was printed very beautifully. The most eye-catching thing was the patterns.
(End of this chapter)