Su Tiancheng's expected situation indeed happened.

Starting from the sixth day of the sixth month, paper with a bank certificate of deposit has become a symbol of glory in the capital. A large number of gold, silver and jewelry began to enter the bank. This kind of glory slowly began to penetrate into the outside of the capital. Needless to say, gentry, wealthy households and merchants, even ordinary people tried every means to enter the bank, deposit a few taels of silver, and get a bank certificate of deposit. Fortunately, the bank did not refuse the size of the bank, and no matter how much it was deposited, they would issue a certificate of deposit.

These certificates of deposit were carefully kept. The bank officials said that the certificate of deposit is equivalent to silver. If there is any need, when you come to the bank to get gold, silver and jewelry, you must still have a certificate of deposit. If it is accidentally dropped, it is obtained by someone else, and you take it to the bank to get gold, silver and jewelry, it may cause losses.

Although having a certificate of deposit has become a symbol of glory, no one shows off unless it is those ignorant young people who sometimes show off their certificates of deposit, but after such a thing is spread, young people will be taught by their elders in their family. The so-called wealth is not exposed. If they show off in front of outsiders, wouldn’t they be seeking death?

Su Tianhao and Song Sijun finally felt relieved.

The news from Shandong is the best, mainly because the largest shipping terminal in the Jin Dynasty was in Laizhou, so the flow of gold, silver and jewelry here is very large, and it is much more convenient to have a bank. Many gold, silver and jewelry can be deposited into the bank, and when trading, you can even go directly to the bank.

The situation in Nanjing is also very good. There are many people storing gold, silver and jewelry, which is also due to the leaders of officials. The gentry and wealthy households and merchants compete to store in the bank.

Although the situation in other places is not as popular as in Beijing, Shandong and other places, many people know that there are banks. It is most reassuring to deposit their own gold, silver and jewelry into the bank. You don’t have to worry about being stolen, and you don’t have to worry about hiding gold, silver and jewelry all day long. Besides, the bank keeps it confidential for individuals, and others don’t know how much gold, silver and jewelry you have stored.

The matter of unified banknotes is not as smooth as the opening of a bank.

All the officials of the Jin court, the salary of June, were all issued paper money. These paper money had a fixed face value. The largest paper money was equivalent to one tael of silver, and the smallest paper money was equivalent to one copper plate. The denomination was divided into ten categories. The face value was one copper plate, two copper plates, five copper plates, ten copper plates, twenty copper plates, fifty copper plates, one hundred copper plates, two hundred copper plates, and five hundred copper plates. One thousand copper plates, of which the denomination of one thousand copper plates was equivalent to one tael of silver.

The officials received these banknotes. Although they didn't say anything, they still muttered in their hearts. People who are a little familiar with history know that Jiaozi appeared in the Northern Song Dynasty, which was equivalent to banknotes. However, Jiaozi ended in a dim ending because the court did not control the issuance of Jiaozi. When the court needed to use silver, it used its power to infringe on Jiaozi, which led to inflation. Jiaozi lost its value and became waste paper. In the end, it also made the court lose its credibility.

Will this happen to the Great Jin court?

There are still people who are familiar with the issuance rules of Jiaozi. The Jin Dynasty court issued paper money at least with a deposit, so that the price can be stabilized, and the issuance of paper money must be strictly controlled. Otherwise, prices will soar. After all, such things as paper money were printed by the imperial court, and the cost is not very high, so they can be printed in large quantities.

However, despite my heart's worries, the banknotes have been sent. From the prime minister to the ordinary officials, all they received are banknotes, and no one can be special.

However, there are very few people who understand the connection between banks and banknotes. The court's deposit is the huge amount of gold, silver and jewelry stored by banks. With these deposits, there will be no problems with banknotes. Of course, the issue of the issuance of banknotes must be controlled according to the laws of economic development, otherwise there will definitely be major problems. If the banknotes lose the value marked by themselves, the court's credibility will be completely lost.

From this point of view, the court must be very cautious.

It is very different from the opening of a bank. Paper money has begun to spread silently. When officials get the paper money, they must use it. These paper money were issued by the court and adopted strict printing measures. They looked very exquisite and were almost impossible to imitate it. Besides, the court has very strict measures. If anyone dares to fake paper money, the punishment they face is extraordinary.

Unlike in banks to store gold, silver and jewelry, the first one is the lowest-level officials who rely on their salary to live. Although their salary is much higher than before, the court also clarified the salary of officials, which is different from the time of the Ming Dynasty. Many officials in the Ming Dynasty had no salary, but these officials were definitely not rich people. The monthly salary was used, and it was impossible to save much gold, silver and jewelry.

It is still the bank that prompted the banknotes to begin circulation on a large scale.

After receiving the banknotes, some merchants were very worried that they would suddenly lose their effect. Or that the banknotes worth one or two silver coins were depreciated significantly, and the final value was only a few copper coins. Therefore, after receiving the banknotes, they began to go to the bank to store them. They believed that the bank's certificate of deposit was more insurable, and the banknotes deposited in the bank could also increase slightly, and the bank would pay a certain interest.

At this time, banks played a mainstay. No matter how many banknotes were, they were allowed to be stored, and even dozens of copper coins could be stored.

At the same time, governments at all levels have publicly requested that the value between paper money and copper plates is exactly the same, and prices are never allowed to be raised privately. If such a situation occurs, the government will crack down on it severely. At the same time, copper plates must be gradually withdrawn from the market. This period is half a year. After half a year, copper plates will not be allowed in the market, and in principle there will be no gold or silver. As for the copper plates, gold and silver that ordinary people have, all can be exchanged at the bank for exchange for banknotes.

In other words, in half a year, the copper plate will no longer be a currency.

This move is very critical, and it has been repeatedly emphasized by governments at all levels.

The people must have followed the government. In addition, the banknotes are circulated on the market, so there is no problem in purchasing goods, so the people at the bottom began to accept banknotes.

It was precisely those rich gentry and wealthy families who had a great skepticism about paper money at the beginning because they had richer knowledge and knew very well that the value of paper money was largely controlled by the court. If the court issued paper money indiscriminately, they would suffer heavy losses.

Farmers who work in the workshop are the first to get the banknotes. Merchants deposit gold, silver and jewelry into the bank. However, merchants need gold and silver to circulate. When they go to the bank to withdraw money, most of them withdraw paper money and send the banknotes directly to employees who work, which saves a lot of trouble.

Officials, merchants and employees in workshops began to use paper money, which made paper money circulate in the market as quickly as possible. In addition, the government said that in the third year of the Jin Dynasty, copper plates would be completely banned from entering the market for trading, so many ordinary people began to go to banks to exchange paper money.

This speed is very fast. In just one month, paper money has become the main currency in the market, replacing gold, silver, jewelry and copper plates.

This was originally a very gratifying situation. Without large-scale publicity, paper money began to circulate quickly, replacing gold, silver, jewelry and copper plates in many places. Especially in Shandong, all taxes for commercial transactions were collected in the form of paper money. The Maritime Bureau basically did not charge gold, silver, jewelry, and trade taxes were mainly turned into paper money.

At this time, Su Tiancheng specially summoned the Prime Minister, the Chief Censor, the Minister of the Six Ministers and the Minister of the Secretariat, and emphasized again that he warned everyone not to think that the circulation of paper money is a small matter. Once the paper money begins to be fully circulated on the market, it means that the pressure from the court has increased. The court must ensure the value of the paper money and cannot be depreciated, otherwise the paper money will be severely damaged and the credibility of the court will also be severely damaged.

The only way to ensure the value of paper money is to vigorously develop commerce and make the court's strength unprecedentedly powerful, with enough gold, silver and jewelry to ensure the value of paper money, and agricultural production cannot be neglected at all.

Su Tiancheng also clearly required that all the government's expenses in the future should be used for paper money. The court will set up a special institution for the issuance of paper money. This institution must abide by the rules and determine the size of the issuance of paper money. Even if it is the emperor's imperial edict, it can be resisted.

Everyone did not expect that the emperor had such an idea. Zhu Shenxuan and others believed that the amount of paper money was directly decided by the emperor, but the emperor did not agree to do so and decided to establish a special institution. This institution was independent and did not accept the leadership of the cabinet and the prime minister. In terms of the system, it had great power.

Governing a big country is like cooking a small freshman. Su Tiancheng has always kept this sentence in mind. The Great Jin Dynasty is very different from the previous dynasties. If you are not careful, the outcome will definitely be worse than before. It is precisely because of this that Su Tiancheng paid special attention. Although the Great Jin court as a whole is still ruled by man and will be ruled by man in the next few years, we must work towards higher goals.
Chapter completed!