Daming Military Empire

Chapter 377 Promotion of Dragon Coin
At the beginning of the Ming Dynasty, paper money was also issued, which is the so-called Daming treasure banknote, but because the paper quality was too poor, it was issued indiscriminately, regardless of the region, and it was only issued but not received, so that the treasure banknotes flooded and caused serious inflation. , The depreciation was extremely fast, so the common people quickly abandoned it. During the Zhengde period, the imperial court had to abolish the precious banknotes. In the next 100 years, Daming never issued banknotes again.

In fact, the bank notes are not the circulation currency issued by the imperial court, but are issued by reputable companies, and are used for universal deposit and exchange in different places. That is to say, the bank notes are not actually money, but a kind of exchange certificate, you can use it Buy things at any branch of the issuing company, but if you want to buy things at other companies, you must first exchange the banknotes for silver taels.

The reason why the Daming banknotes were not successful is actually the biggest reason is that they were only issued but not received. That is to say, if you exchange gold and silver for treasure banknotes, you can no longer exchange them for gold and silver. You can only use them as money, Mingtai During the reign of Zu Hongwu, people were even prohibited from buying and selling gold and silver, which was tantamount to breaking the foundation of banknotes. In addition, they were issued indiscriminately regardless of the laws of economic development, and it was only a matter of time before they were discarded.

Zhu Cijiong summed up the lessons of the failure of the issuance of Daming Banknotes and the experience of successful issuance of banknotes in later generations, combined with the functions of banknotes, and personally wrote a notice for the issuance of new banknotes for the Royal Nikko Bank of the Ming Dynasty. The notice is very detailed:
The first point clearly points out that the Daming Royal Nikko Bank is an institution used by the emperor to manage money. This can be confirmed from the issuance of Chongzheng Tongbao by the Daming Royal Nikko Bank and the Account Department. All the gold coins, silver coins and copper coins in circulation in the Ming Dynasty All are issued by the Royal Nikko Bank of Japan.

The second point is a solemn promise that the banknotes issued by Daming Royal Nikko Bank can be exchanged for gold, silver and Chongzheng Tongbao at will, no matter if they are old banknotes or new banknotes.

The third point, in particular, the silver bills issued by Daming Royal Nikko Bank can be purchased at any branch of Daming Royal Xinglong Company, Daming Royal Western Trading and Daming Royal Machinery Group, and can be used as gold and silver and Chongzheng Tongbao. .

The fourth point is a special reminder that all merchants holding old bank notes of Da Ming Ri Xing Long Company should exchange the old bank notes in their hands for new bank notes or gold and silver as soon as possible. The old bank notes can still be used now, but for the convenience of management After five years, the Royal Nikko Bank of Ming Dynasty will abolish all old banknotes issued by the Xinglong Bank of Ming Dynasty.

In the end, the new banknotes were particularly mentioned for their advantages of being beautiful and durable, easy to carry, and convenient for exchange. They also gave the new banknotes a particularly famous name "Dragon Coin", and called on all businesses and ordinary people to accept and use Dragon Coins.

Once this announcement was published by the "Beijing News", it set off a wave of enthusiasm throughout Daming. It was not that Zhu Cijiong put his name on the back of the announcement. This announcement was published in the name of the Royal Nikko Bank of Ming Dynasty. The reason why people are so interested in the new banknotes is mainly because of the "Flourishing Daming" calligraphy competition held last month. The notice of the competition said that the Royal Nikko Bank of the Ming Dynasty will shrink the first prize of the painting to the new issue On the bank note, how exquisite will this bank note be?

Of course, the name Dragon Coin is also an attractive place. If you dare to call it Dragon Coin, how awesome is this new silver ticket?Almost everyone wants to see it.

So where can I find Dragon Coins?First of all, all the officials of the Ming Dynasty have it, and their salaries have increased by another [-]% last month. The current salary is three times that of the previous one, but this new increase of [-]% is paid with dragon coins.

Then, there are also all the semicolons of Daming Royal Nikko Bank, Daming Royal Xinglong Company, Daming Royal Western Trading, and Daming Royal Machinery Group. Not only are there sheets, stacks, but many are mounted in exquisite glass frames. The whole set of dragon coins, both sides, 26 pieces, neatly arranged for people to watch.

For a while, all the semicolons were crowded with spectators, and the front of this dragon coin turned out to be a five-clawed golden dragon!Moreover, it was printed with a special golden dye, which was sparkling and extremely exquisite; and on the back, it really printed all the first prize paintings of the "Golden Age of Ming Dynasty" calligraphy and painting competition, which were wonderful.

The golden dragon, the Forbidden City, the Great Wall, the bridge, the battleship, and the train all attract the attention of the common people. Such exquisite patterns, even if they are not worth money, are worth showing to relatives and friends!
As a result, there was a frenzy of exchange in almost all branches of Daming Royal Nikko Bank, Daming Royal Xinglong Company, Daming Royal Western Trading, and Daming Royal Machinery Group!
It has been a few years since the Ming Dynasty entered the peaceful and prosperous age. Not to mention the wealth of the common people, there are still dozens of coins in the family, and they are always worth a thousand coins, and the smallest denomination of a dragon coin is only worth ten coins. Who can afford it? ah.

Generally, the common people who come to exchange are five cents, two cents, and one cent, with a total of eighty coins, which account for more than half;

Those who have money are all five cents, two cents, one cent, five cents, two cents, and one cent, with a total of 880 renminbi, and this kind of people accounted for nearly a small half;

For richer and richer families, all the dragon coins come in a set, and the total is less than 200 taels of silver. The richer families do not lack this money;
There are also those super rich local tyrants who simply buy the frame together, and buy a few sets at a time, or even dozens of sets. Why is that?Give it away, what a face!
By the way, are the common people in Ming Dynasty crazy, and even exchanged real money and Chongzheng Tongbao for paper!
In fact, they are not crazy at all. When they are tired of seeing them, they buy things or directly exchange them into gold and silver or Chongzheng Tongbao. Daming Royal Nikko Bank, Daming Royal Xinglong Company, Daming Royal Western Trading, and Daming Royal Machinery Group all have this Reputation, this dragon coin can definitely be used as money if you get any of their semicolons!
This upsurge was unexpected by Zhu Cijiong. He originally asked Daming Royal Nikko Bank to print. If there were too many issuances, it would cause inflation and it would be over. The printing can't be printed, and even the semicolons in many places have sent telegrams that the supply of Dragon Coins is urgent!

Especially for small denominations, the smaller the denomination, the tighter the demand. The banknote printing factory jointly established by the Daming Household Department and the Daming Royal Nikko Bank has been continuously adding equipment and increasing the printing volume. This is the only way to withstand this trend. Let the Daming Dragon coins be out of stock.

Don’t underestimate the few taels or dozens of texts. There are more than 1 million people in Ming Dynasty. , so that the circulation of Dragon Coins increased from 1000 million taels a day to 2000 million taels a day, which is enough to guarantee the continuous supply.

This situation is obviously abnormal. Even if the Daming Royal Nikko Bank has a good reputation, even if the dragon coin has just started to be issued, it is understandable that the amount is larger, but it is a bit exaggerated if it is as large as 2000 million taels a day. What is going on? What's going on?
In fact, there are many pushers behind the scenes, and the biggest pushers are the officials of Ming Dynasty. These officials are all sensible people. They all know that the imperial court cannot increase their salaries continuously for no reason. I understand, this is the imperial court asking them to promote dragon coins.

Before the Chongzheng Dynasty, no one would do such thankless things stupidly, but now it is different, because they all know that Daming Royal Nikko Bank, Daming Royal Xinglong Company, Daming Royal Western Commerce, Daming Royal Machinery Group is really rich, the rich are extremely rich, and it is absolutely true that Dragon Coin can buy things from any of their branches.

More importantly, each of them has a curse on their heads, which is the imperial court's assessment. The current Beijing inspection plan is not a joke, it is a real assessment, very strict, and the court like this has made it clear The things that are promoted will definitely be included in the next assessment items. As long as the promotion is good, not only can the official position be kept, but it can even be promoted, so they are racking their brains to promote it.

What is the fastest way to promote? These officials really know that the fastest way is to build momentum. They more or less have some juniors and students, let them buy things with new bank notes, let them tout dragon coins, let them They go to raise the popularity of Dragon Coin, it's no wonder if it doesn't become a craze.

This kind of action even led to the kidnapping of all other private companies. It’s very simple. When the craze came together, many people bought things with Dragon Coins. Do you accept Dragon Coins? I went to the branch of the Royal Firm to buy things Yes, they will definitely accept it!
At the beginning, most of the private firms refused, but after a while they couldn't bear it anymore. The business of all the royal firms was getting better and better, but their business was getting worse and worse. , It’s so bad that it’s almost impossible to uncover the pot. If you don’t accept dragon coins, you’re courting death!
Besides, it’s okay to take it, the big deal is to go to Daming Royal Nikko Bank to exchange it for gold and silver or Chongzheng Tongbao every day, they will definitely change it for you!
Just like that, Dragon Coin was actually promoted in Daming territory, and the speed of promotion was so fast that even Zhu Cijiong didn't expect it!

(End of this chapter)